At Level UP Tech, we have spent many years developing our own blockchain from First Principles. First Principles basically means we created it from scratch – and that it’s not built on top of a third-party-controlled system.
This blockchain is the backbone of our “Green Economic Drivetrain” and part of the reason it’s “Green” is that it uses hundreds and in some cases thousands and even millions of times less electricity than comparable systems.
The Green Economic Drivetrain has special and unique features that make it practical and capable of creating and managing the billions of immutable distributed records that are essential to a large-scale interconnected and transparent Ownership Economy. But also enables new levels of security and privacy for users – and then underlies a whole suite of new capabilities that give our Apps their superpowers.
For security and protection, all technology and technology IP is held in a tech incubator company. Level UP Tech, Inc. holds a perpetual license for its use.
Level UP Blockchain Engine — Use Case
The word Engine implies the motor that’s underneath and powers the Apps and Platforms. And that’s what our blockchain engine does. It takes care of all platform and user data and manages privacy, access, encryption, and security.
It’s responsible for App solutions and allows the building of solutions under the encryption layers – this means the data is not exposed to unnecessary risks. It allows fast communication and close to real time (speed of the network) platform responsiveness. And importantly, it allows for immutable records that are searchable as needed.
Just as it currently does for our client, TheCoachesSite.com. The Coaches Site is part of our community-led education portal and an early proof-of-concept for Level UP technology.
How Blockchain Works
This process as seen in the below graphic applies to many blockchains. Level UP Tech’s blockchain has advanced capabilities.
Speed and Energy Use
A transaction is when a new record is added to the blockchain. This is similar to a banking transaction hitting your bank account. It involves several steps including verifying the parties, authorizing the transaction, and making an entry or “writing the record”, and sometimes confirming the transaction back to the parties.
These transactions vary in speed and energy use. Below you’ll see the energy use in the Bitcoin blockchain is extraordinary. This is deliberate and serves a purpose for its “Proof of Work” consensus mechanism (Consensus means multiple-party agreement with the transaction record).
At Level UP Tech, we developed our own consensus mechanism with high transaction speed and high capacity — all with the Ownership Economy in mind. This economy will eventually require billions of transactions per second which with traditional banking and many other blockchains would require unacceptable energy use. For example, a million transactions on Level UP would use 2 cents worth of electricity – a tiny fraction of most alternatives.
