# The ivault Chain The ivault Chain is based on CoreLedger SparkNet. SparkNet is an independent blockchain that runs on Ethereum technology. This network runs on the Proof of Authority (POA) algorithm. It powers 10-20 transactions per second, has a scalability of 1,000 transactions per second, and generates blocks in 5 seconds. The ivault Chain benefits from all the security improvements that come from being part of the highly secure Ethereum mainnet. And because it’s a hybrid blockchain, it’s: * **Public read**: anyone can read transactions using the block explorer * **Permissioned seal**: only approved addresses can validate transactions and create new blocks --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.ivault.io/ivaults-blockchain-ecosystem/the-ivault-chain.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.