Scalable Blockchain Protocol
TERNIO provides the only scalable and decentralized blockchain framework, capable of over
1 million transactions per second
WHY TERNIO BEATS THE COMPETITION
Ternio Example Use Cases
Ternio solved the issues related to blockchain scalability and payment utility of cryptocurrency to demonstrate how companies will become better, faster, and more efficient.
Supply Chain Transparency
Ternio is verified at over 1 million transactions per second and will scale higher based on need — enabling blockchain to be deployed in live, high-scale environments.
Real Time Payments
Ternio built the middleware enabling cryptocurrencies to be spent at 40 million merchants world wide – providing real world payment utility of cryptocurrency.
Ternio is permissioned, ensuring only approved clients have access to data/nodes – enabling company data to remain safe and only accessible to validated partners.
HOW IT WORKS
Ternio is a multifaceted blockchain framework utilizing an internal blockchain called Lexicon for immediate smart contracts supporting transactions of advertisements and a communication layer for ultra-fast programmatic data transfer.
ONE BLOCK AT A TIME
One Blockchain To Meet All Needs
Ternio provides white-label technology to enterprise customers giving blockchain and cryptocurrency real world application. Ternio solved the issues related to blockchain scalability and payment utility of cryptocurrency to demonstrate how enterprise can use this tech to become better, faster, and more efficient.
Lexicon has the flexibility to be able to run within both a permissioned and open environment based on the use-case.
Our team has worked tirelessly to hold to the belief that on-chain decentralization is critical to the future of blockchain.
Our revolutionary proprietary technology has been third-party verified for security and rated at over 1 million transactions/s.
In order to provide a blockchain framework that can be utilized extensively and seamlessly, Lexicon is capable of 1 million transactions per second.
Secure + Flexible
In a world where hacking is prevalent, security is critical for any infrastructure. Lexicon utilizes a BFT algorithm to encrypt and secure all transactions.
ONE BLOCK AT A TIME
One Framework For Every Blockchain
One blockchain framework. Unlimited potential.
By creating a single blockchain framework that is capable of meeting all of the needs of every industry, Lexicon is set to transform the world as we know it. Lexicon is set to change the way that we look and think about blockchain and how it is used in our daily lives.
ONE BLOCK AT A TIME
One Framework For Every Cryptocurrency
Lexicon is a blockchain revolving around data. Any application, infrastructure, company, or industry is able to utilize Lexicon while still holding to their cryptocurrency of choice.
ONE BLOCK EVERY INDUSTRY
One Blockchain Framework
For Every Industry
One blockchain framework. For every industry.
The reality is that a single blockchain ledger cannot hold all of the world’s data and still be fully decentralized. This is not the case today, and will not be the case in the future.
ONE BLOCK FAQ
Lexicon is a blockchain revolving around data. Any application, infrastructure, company, or industry is able to utilize
What is Lexicon?
The reality is that a single blockchain ledger cannot hold all of the world’s data and still be fully decentralized. This is not the case today in terms of everyone using a single chain for all use-cases and will not be the case in the future. Trillions of data-points and terabytes of data per second is not a feasible or reliable solution to the general consumer.
Even right now, there are different kinds of blockchain frameworks that are all serving a different purpose and possible use-case; no single blockchain has been able to demonstrate a significant amount of transactions per second in any industry.
Ternio created Lexicon - the only scalable blockchain verified by a 3rd party - to be able to meet the needs of any possible scenario or use-case. It will allow for a totally decentralized, simple to setup blockchain flexible enough to be used across a wide variety of industries and use-cases based on their needs.
Example of scenarios:
- Advertising: High transaction rate, large data sets
- Credit/Debit transactions: High transaction rate, small data sets
- Government: Low transaction rate, large data sets
- Insurance: Low transaction rates, small data sets
Is Lexicon Open Source?
Lexicon is not open-source; it is a proprietary blockchain built by Ternio. Lexicon’s architecture and schematics will be found on patent applications submitted to various governmental bodies. This is partly why we had a 3rd party verification report issued as confirmation of our architecture and transaction rate capability.
Am I able to run a node?
Yes, absolutely! Lexicon has the flexibility to be able to run within both a permissioned and open environment based on the use-case while still holding to a completely decentralized state for both large and small companies alike. By having a flexible core, the creator is able to state the environment and node configuration of their blockchain for their use-case.
One way to understand Lexicon is to understand a modern Coca-Cola machine. The user has the ability to select which flavors they would like to select in any number of potential variations; a person could choose to mix cherry coke, regular coke, and vanilla coke together. And this sort of customizable environment is how Lexicon functions. We have built out a high transaction, low latency blockchain that can be easily configured to meet any industry’s need.
Our first use case will be in the digital advertising space which requires millions of transactions per second. This initial use-case will a permissioned enterprise, B2B environment between a multitude of corporations. However, as we expand into new areas - Lexicon has the capability to enable the general public to run nodes.
What consensus algorithm is used?
We built upon a custom asynchronous BFT (Byzantine Fault Tolerance) algorithm.
Is Lexicon your own blockchain?
Lexicon was originally a fork off of Hyperledger Fabric that has then been built into our own blockchain. Lexicon handles extremely high transactions rates with relatively low latency. The Ternio framework is a combination of Lexicon Blockchain (data protocol) and Stellar Blockchain (payment protocol). In regards to our consensus algorithm, we built upon the BFT (Byzantine Fault Tolerance) algorithm. Ternio looks forward to sharing more detailed information once our patents have been formalized.
TERNIO IN DETAIL