1. Aiwaka AdventuresHome
  2. Digital Disruptors

What are the standards for a true public chain (what is a public chain and the three major attributes of a public chain)

• Digital Disruptors • 90 views

What are the standards for a true public chain (what is a public chain and the three major attributes of a public chain)

What are the standards for a true public chain? What are the standards for a true public chain? What problems can it solve and which users will it affect. In the world of blockchain, what developers most need is a set of protocols that can meet the various needs of users. These protocols can help developers optimize and upgrade their business logic, business models, and application layer development without requiring any technological breakthroughs to achieve this goal. What is a truly successful public chain like? This is actually very simple, because a true public chain is a standardized architecture

What is a public chain and its three main attributes

Today, Wang Xing, CEO of ChainUP, a blockchain project, tweeted that the three main attributes of a public chain are decentralization and immutability.

Wang Xing believes that public cloud is the fundamental underlying technology of blockchain; Ethereum is the core infrastructure of the public cloud, which can store and process data. At the beginning of design, blockchain projects such as Bitcoin and Ethereum were all prepared to address data privacy and security issues in blockchain systems. So the public chain mainly includes the following three elements:

1. Security. Due to the different consensus mechanisms of blockchain systems from traditional internet protocols (such as BTC), their security is determined by the nodes themselves 2. Detrust. Based on Cryptography algorithm, the security and confirmation time of transaction information are guaranteed 3. Interoperability. Transfer assets from one account to another through smart contracts, allowing seamless value transfer even in the event of hacker attacks or malicious code vulnerabilities 4. Transparent. Because everyone can access ownership records, this means that every bill and all transaction history can be viewed at any time 5. De-intermediation system. Without these, no one can participate and gain benefits.

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/04/what-are-the-standards-for-a-true-public-chain-what-is-a-public-chain-and-the-three-major-attributes-of-a-public-chain/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/04/2023 23:38
Next 08/05/2023 00:01

Recommended articles