Tbilisi, Georgia, January 13, 2023 (GLOBE NEWSWIRE) — Konsta is a new blockchain platform that serves the purpose of the web3 application developer. Their goal is to prevent costly cyberattacks on businesses. Its protected transaction features make it difficult for hackers to infiltrate the system. According to its co-founder, Aleksandr Kents, the increasing prevalence of cybercrime highlights the need for secure systems like Konsta.

With the new developments, Konsta is addressing various challenges faced by end-users in the blockchain industry through web3 application development, including performance issues for high-load applications such as games, scalability for payments on DEXs, and lack of protection for protocol level against DeFi attacks. .

Focused on addressing these issues, development firm Web3, the Konsta Blockchain offers higher transaction processing speeds and faster block completion than current EVMs and allows specialized validators known as Notarius to verify higher-value DeFi transactions and potentially suspicious. These Notarius validators, which are certified independent organizations, manually validate “Protected” transactions every 24 hours. These transactions are placed in a pool for the Notary to collect, and when it is their turn to add blocks, all other validators are suspended.

Also, in addition to its web3 development services, Konsta Blockchain uses a proof-of-authority consensus mechanism, which eliminates the 51% chance of an attack. This mechanism allows each node on the Konsta Blockchain to add a set number of blocks to the blockchain at a specified time. Konsta is presented as an alternative approach to transaction rollback that is more efficient than current solutions.

Konsta Blockchain has been formed by the founders of different companies. Vladimir Nikitin, a venture partner at Shima Capital, serves as a risk advisor to Konsta. The company also has a team of technology advisors that includes Artyom Harutyunyan, co-founder of Blockstars Tech, and Yegor Havrylenko, co-founder of EvaCodes. The Konsta team includes Aleksandr Kents in charge of business development and Andrey Smekhov as product owner. Together, they bring a wealth of experience and knowledge in the blockchain and Web3 space to Konsta.

“With $3.7 billion in hacks in 2022, the market has no chance to leave everything as it is,” says Yehor Havrylenko, co-founder of EvaCodes of the new development. “The further we go; more security solutions are needed. That’s why Konsta came up with the hybrid consensus model. We make the blockchain model work more stable thanks to a combination of the classic proof-of-stake protocol and the security of transactions on many levels through proof of authority, thus protecting it from hackers and transactions anomalous And with the help of a hack-free protocol, Konsta was able to prevent up to 99.8% of all attacks that happened before.”

Shima Capital’s venture partner, Vladimir Nikitin, weighed in on the new progress on Konsta by stating:

“Konsta found the happy medium to provide developers with the security kit while making it decentralized enough to keep the Web3 narrative clear and secure enough for people to use crypto as they would have done with the bank.” “.

Consequently, Konsta thrives on rebuilding trust in Web3 Development Company’s US Web3 security, making cryptocurrency investing safer, and providing a secure platform for people to quickly use their money with minimal risk. Konsta plans to launch his product at the end of October and invites Alpha users to try the service and see its potential.

For more information, visit: https://konsta.network/