The challenge right now is to get the scalability
of public chains higher, and come up with better answers for privacy challenges.
Genaro Network, a global blockchain project based in Singapore and built around the first Turing - complete
public chain with decentralized storage network, today announced a partnership and product integration with Storj Labs, a decentralized cloud storage platform that leverages a peer - to - peer network to store and secure data.
Genaro Network, a global blockchain project based in Singapore and built around the first Turing -
complete public chain with decentralized storage network, today announced a...
Expanse, an
alternative public chain of Ethereum has revealed that it is launching a decentralized autonomous organization, removing traditional management and thereby putting all major project decisions into the hands of its community.
Furthermore, inter-blockchain transactions involving
popular public chains like bitcoin and ethereum will become available through a feature called XCAT (Cross-Chain Atomic Transactions).
Ethereum was developed initially
for public chain deployment, where trustless transaction requirements outweigh absolute performance.
The
current public chain consensus algorithms (notably, proof of work) are overkill for networks with trusted actors and high throughput requirements.
«I think we're going to see the distinction
between public chain and private chain eradicated in the next two to three years,» says Jeremy Millar, chief of staff at ConsenSys, and a founding board member of the Enterprise Ethereum Alliance, a group of financial and tech firms that includes J.P. Morgan and is pushing Ethereum - based blockchains for business.
Finally, Jetmint is planned to develop its own
new public chain standard in the future, to improve the current decentralization mechanism, to optimize intelligent contracts, and to realize a free flow of value across different chains.
According to Hongfei, the Antshares team's vision is to make Onchain a universal blockchain framework, which would make use of different plug - in modules that could be applied to any broad category of blockchain
including public chains, consortium chains, and private chains.
Genaro Network is the first of its kind blockchain project comprised of a Turing - complete
public chain integrated with a decentralized storage network.
Similar to Lisk, Stratis is in the business of creating side chains, which in a sense gives the developer the ability to make highly customized blockchains without altering the
main public chain.
NEO coin is originally launched in 2014 as AntShares (AntShares is a BlockChain and a first
original public chain) and NEO was developed by Shanghai as well as it can support 10,000 transactions per second.
Description: The First Blockchain 3.0 Ecosystem Built on a Turing - Complete
Public Chain with Decentralized Storage.
Buterin believes that
public chains have more potential in the long term, despite the shorter time period requirements for creating private chains.
«I expect in the long term we'll see every possible combination of public and private emerge, including pure consortium chains, consortium chains connected to
public chains via relays, consortium chains with fraud proofs enforced on public chains (ie.
In the days leading up to the holiday weekend, Coin Center briefed four major DC organizations on how blockchains work and about important considerations for making decisions as they apply to
public chains.
For example, it took only one day to make the Pundi X system work on the NEM Blockchain for both the private and
the public chains.»
«
A public chain is not gated or fenced in any way,» early Bitcoin developer Jeff Garzik, who now runs his own blockchain - as - a-service company, told Bitcoinist.
Among JOne's many goals is accelerating the blockchain industry by connecting fintech portfolios with
public chains.
With more than 20,000 developers globally, the benefits of
a public chain holding roughly $ 1bn of value, not to mention an emerging open - source ecosystem of development tools, it is little wonder that Accenture observed «every self - respecting innovation lab» is running and experimenting with it.
«The intention is that the enterprise client should work perfectly well on
the public chain as well,» he added.
«Basically, private chains are totally different animals than
public chains and we think that trying to track the public chain ecosystem is inappropriate for a consortium whose first business will be to adopt standards for private chain use cases,» Monax Industries COO Preston Byrne told CoinDesk.
The intention is that the enterprise client should work perfectly well on
the public chain as well,
«As we actually maintain a popular ethereum client, our suspicion is that corporate users will wind up agreeing with us that line - for - line copies of
the public chain ecosystem are not required for their use cases.»
Large banks were interested in the blockchain technology but not
the public chains.
He tempered these comments by adding that
public chains «can totally make sense» for international remittances.
Coupling low fees with high transaction processing capability,
public chains will become increasingly attractive to real - world use cases.
The entry highlighted Jonathan's and HACERA's approach of integrating multiple permissioned &
public chains.
We'll begin with the claim that the consensual validation procedures used in permissioned blockchains can not bring about the «true immutability» promised by
public chains.
The key parts where
the public chain will benefit...
The EEA will benefit
the public chain by improving the protocol and it will boost the ecosystem.
I figured this question comes back a lot and there's a lot of guessing about the goal of the Enterprise Ethereum Alliance and how it benefits
the public chain.
«We feel that if companies really want to adopt blockchain, or a distributed ledger, then we shouldn't forgo the basic blockchain properties in taking something from
a public chain to enterprise usage.»
We look to
the public chain to see which merkle root was embedded earlier, and our consortium chain protocol is designed to follow this branch.
We'll begin with the claim that the consensual validation procedures used in permissioned Blockchains can not bring about the «true immutability» promised by
public chains.
GXB has developed
a public chain named GXChain, based on which incubates the world's first decentralized data exchange applicable to data exchange in all walks of life.