WIZBL

WIZBL is a true dispersion ecosystem that generates immediate transaction speeds through a decentralized ledger verification system. The foundation of Blockchain is to validate transactions by connecting the addresses of each user. However, the weakness of this method is that a central server must keep records of all ledgers. A tremendous load is imposed on the system for processing transaction validations as the number of transactions increase. Our aim is to realize secure system operation through a true Peer To Peer (P2P) method, which requires employing appropriate network technologies for distributed ledgers and maintaining the stability of coin systems. To achieve this, we developed Wizbl Coin, a small-scale system equipped with a transaction function in the wallet. The proposed system exchanges verification of system users, and most importantly, employs a central system that verifies the key values that are generated during transactions. The system processes the exchange of currency between parties in Peer To Peer transactions, and the keys generated in every exchange are distributed to trader A, trader B, and the central system. Only the Write function is available for keys recorded in the central system, and these keys are processed through a warm data recording method which does not allow update or delete functions. Even if users change some keys during their exchanges, transactions can be validated by matching the keys recorded on the central system.