How it works
A distributed and fully decentralized protocol for ownership management and value transfer
The first generations of value transfer protocols have weaknesses that limit their utility
Value transfer protocols that can deliver order of magnitude improvements in efficiency, scalability, privacy, security, regulatory compliance, and engender trust will become the global standard for financial transactions and currencies.
Current blockchain technologies do not scale, are not fully decentralized, do not show efficiency improvements over legacy fiat currency systems, fail to integrate into the financial regulatory infrastructure, and have deep privacy and security weaknesses.
While they offer certain advantages over fiat currencies and legacy value transfer protocols, their inability to win on all dimensions has relegated them to a niche solution.
Distinguishing architectural features
Each asset is represented by an individual TODA file, with all activity during each minute compresses into a single hash.
Each digital inventory has a personal transaction tree that recording their activity. Alice and Bob’s personal transaction trees can be intertwined to create an atomic two-way transaction.
The consensus layer knows nothing about Alice and Bob’s personal transaction trees.
TODA is a distributed and decentralized ownership management protocol
Scales to over five billion users, with millions of transactions per second of any digital asset, settlement time of under a minute, and almost zero cost.
Formalizing to a global standard with the United Nations ITU. The Toda protocol is an ownership management platform that scales globally to billions of nodes or devices and millions of transactions per second, while minimizing total transaction cost. It achieves this by distributing the workload so each node uses a tiny fraction of its capacity, thereby minimizing the amount of work per transaction.
The number of nodes that work on a particular transaction is a log factor of the size of the network. Has a robust governance model that avoids the emergent concentration-of-power effects that plague existing decentralized systems.
An atomic two-way transaction