SliceLedger is a public, EVM-compatible blockchain protocol that employs a Proof-of-Stake and Proof-of-Play consensus mechanism to enhance transaction throughput and reduce costs. By processing most transactions off-chain, it alleviates congestion on the main blockchain, making decentralized applications more efficient and accessible.
Funding
$1.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional blockchain networks often suffer from scalability issues, leading to slow transaction speeds and high costs, hindering the widespread adoption of decentralized applications. Congestion on the main chain limits the efficiency and accessibility of dApps for users.
Solution
SliceLedger is a public, EVM-compatible blockchain protocol designed to enhance transaction throughput and reduce costs by processing most transactions off-chain. This Layer-2 scaling solution alleviates congestion on the main blockchain, making decentralized applications more efficient and accessible. SliceLedger employs a Proof-of-Stake and Proof-of-Play consensus mechanism to ensure transaction validity and security. By validating transactions off-chain and only recording transaction data on the main blockchain, SliceLedger achieves faster processing times and lower fees. A challenge period allows for dispute resolution, ensuring the integrity of the transactions before finalization on the main chain.
Target Audience
SliceLedger targets enterprises and developers seeking to build scalable and efficient decentralized applications in DeFi, gaming, NFT marketplaces, and supply chain management.
Features
- Off-chain transaction processing to reduce congestion on the main blockchain
- Proof-of-Stake and Proof-of-Play consensus mechanism for enhanced security
- EVM-compatibility for seamless integration with existing Ethereum smart contracts and dApps
- Dispute resolution mechanism to ensure transaction validity
- High transaction throughput, processing up to 1,700 transactions per block
- Low transaction costs, with a minimum cost per transaction of 0.000018
- Fast block time of 2.0 seconds and transaction time of 1.5 seconds