Perhaps it’s just a huge ball of mud.
The whitepaper that matches this ball of mud is also a huge ball of mud: https://www.niumeta.com/en/developers/architecture
This doesn’t seem to be a public chain, nor a consortium chain—but it is definitely secure, decentralized, and its performance is up to standard. I gave it a name: Zero-Trust Network. Also a huge ball of mud.
6 seconds per block is actually quite slow—how can this support high‑frequency order‑book trading?
In reality, high‑frequency order placement and cancellation still happen on centralized servers; only the final settlement is settled on the decentralized system at a 6‑second tick.
That seems workable, because you don’t need to open an account with a broker, you don’t need to pay broker trading fees, and you can trade 24/7.
That said, the code is written, but we don’t have enough hardware and network resources to test and optimize it properly. For now, it’s just boasting