7. ChainBounty's Technological Stack

ChainBounty's Technological Stack: Maximizing Scalability and Efficiency through Layer 2 Technology

The Need for Layer 2: Overcoming the Limitations of Sentinel Protocol TRDB

The core asset of Sentinel Protocol, its Threat Reputation Database (TRDB), houses over 93 million pieces of data, including essential information for the security of the cryptocurrency ecosystem, such as exchange identification details, blacklists, and malicious addresses. However, managing and utilizing such a vast amount of data on the existing main blockchain network presents several challenges. High gas fees, slow processing speeds, and network congestion are major obstacles to effective data management and utilization.

To address these issues, ChainBounty adopts Layer 2 technology. Layer 2 is a scalability solution that allows for the efficient processing of large-scale data and transactions without overloading the main blockchain network. Through this technology, ChainBounty can expand the functionality of the Sentinel Protocol and dramatically enhance the speed and efficiency of data processing and interaction.

Benefits of Layer 2 for ChainBounty

1. Improved Scalability: ChainBounty employs a Layer 2 solution to efficiently handle large-scale transactions and data interactions. This solution processes most transactions off-chain, recording only the final results on the main blockchain network. This approach improves processing speed and reduces network congestion, enabling ChainBounty to handle more users and data, thereby supporting the platform's growth.

2. Cost Reduction: Layer 2 technology significantly reduces the high gas fees associated with storing and accessing large-scale data on the main chain. Since most transactions are processed off-chain, users can utilize the platform at lower costs, increasing accessibility and encouraging greater participation.

3. Real-Time Data Processing: For effective crime prevention and response, data must be processed and updated in real time. Layer 2 technology meets these real-time data processing requirements, allowing all participants to quickly access and utilize the latest information. This capability enables ChainBounty to respond swiftly to the rapidly changing landscape of cryptocurrency crime and protect its users effectively.

Efficient Data Storage and Transaction Management with Layer 2

1. Data Stored Directly on Layer 2: ChainBounty directly stores labeling information for over 100 million wallet addresses on the Layer 2 network. Each transaction includes specific labeling information, securely recorded on the Layer 2 blockchain. This method ensures data integrity and enhances the efficiency of data access and utilization.

2. Transaction Generation: Each wallet address and its corresponding label information are recorded as transactions on the Layer 2 network. This approach allows for the efficient management of large-scale data while maintaining the security features of the blockchain. The fast processing speed of Layer 2 enables real-time data updates.

3. Integration with Smart Contracts: Data stored on Layer 2 can be accessed through smart contracts. This capability allows various applications to utilize the data in real time and supports data-driven decision-making.

Efficient Data Access and Indexing: Fast and Accurate Information Retrieval

1. Query via Smart Contracts: Users can query specific data through smart contracts. For example, they can search for label information corresponding to a particular wallet address or specific types of threat information.

2. Real-Time Synchronization: Data stored on Layer 2 is continuously updated and synchronized, ensuring that all participants can quickly access and utilize the latest information. This feature allows ChainBounty to always provide the most up-to-date threat information, enabling users to proactively respond to criminal activities.

Through the adoption of Layer 2 technology, ChainBounty is leading innovation in the field of cryptocurrency security. By maximizing scalability, cost efficiency, and real-time data processing capabilities, the platform contributes to building a safer and more transparent cryptocurrency ecosystem.

Network Information

Essential information about the ChainBounty Mainnet & Testnet

Mainnet

Chain Name	ChainBounty Mainnet
Chain ID	51828
RPC URL	https://rpc.chainbounty.io
Currency Symbol	BOUNTY
Block Explorer	https://scan.chainbounty.io/

Testnet

Chain Name	ChainBounty Testnet
Chain ID	56580
RPC URL	https://test.rpc.chainbounty.io
Currency Symbol	BOUNTY
Block Explorer	https://test.scan.chainbounty.io/