3. Technology Overview

3.1 Blockchain Infrastructure

Pei operates on a custom-built blockchain designed for high scalability, low latency, and energy efficiency. The blockchain uses a hybrid consensus mechanism combining Proof of Stake (PoS) and Directed Acyclic Graph (DAG) to ensure fast and secure transactions.

3.2 Consensus Mechanism

• Proof of Stake (PoS): Validators are chosen based on the number of Pei tokens they hold and are willing to "stake" as collateral. This reduces energy consumption compared to Proof of Work (PoW) systems.

• Directed Acyclic Graph (DAG): Enhances scalability by allowing multiple transactions to be confirmed simultaneously, eliminating bottlenecks.

3.3 Smart Contracts

Pei supports smart contracts, enabling decentralized applications (dApps) to be built on its platform. These contracts are self-executing and enforceable, reducing the need for intermediaries in complex transactions.

3.4 Privacy and Security

Pei incorporates advanced cryptographic techniques, including zero-knowledge proofs (ZKPs) and ring signatures, to ensure user privacy and transaction security.