Infrastructure Layer
Alchemy Chain's infrastructure layer is meticulously designed to ensure high - performance, secure, and efficient operations for stablecoin transactions and conversions. The hybrid storage strategy of Alchemy Chain integrates on-chain and off -chain storage. In terms of transaction processing, Alchemy Chain adopts a FIFO methodology where validator nodes process transactions based on their arrival time rather than fees.
Hybrid Storage Mechanism
The hybrid storage mechanism of Alchemy Chain integrates on-chain and off-chain storage to combine the advantages of both.
On-Chain Storage: Critical transaction metadata such as sender, receiver, and transaction amount are stored on-chain. This ensures the core information is always available, secure, and easily verifiable within the blockchain.
Off-Chain Storage (Block-Wing): Bulky data like invoices and receipts are offloaded to decentralized off-chain storage networks. Each off-chain data piece is assigned a unique Content Identifier (CID), which is then stored on-chain and linked to the corresponding transaction or user account.
Block-wing, as its name suggests, is an innovative solution designed to enhance the capabilities of the blockchain by putting on wings to make it lighter and more efficient. The primary goal of Block-wing is to reduce the burden and support various kinds of data submission on the Alchemy Chain.
This setup balances the need for high throughput and security, embodying the web3 principles of decentralization and efficiency in handling stablecoin transactions and conversions.
FIFO Transaction Processing
To maintain fairness, transparency, and order in transaction processing, Alchemy Chain employs a FIFO mechanism.
Validator nodes prioritize transactions based on their arrival time, processing them in the order they are received.
Transactions are queued according to their timestamps, and each transaction is processed sequentially.
This approach ensures that no transaction is prioritized over another based on fee size, preventing preferential treatment and ensuring equitable handling of all transactions. By upholding the principles of fairness and transparency, the FIFO transaction processing method fosters trust in the decentralized operations of the network. It provides users with a reliable and predictable transaction environment, where transactions are processed in a strict and impartial sequence, regardless of external factors such as transaction fees.
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