Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rollinginthedeep on July 20, 2020, 03:03:21 PM
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One of the things that hinder businesses and major corporations to start using blockchain technology is the integration part. Even on the crypto side, these cryptocurrencies are unable to handle a large number of transactions in a fast and efficient way. Visa is handling from 2000 to 4000 transactions per second, PayPal - close to 450 transactions per second. While crypto has lower figures in that department.
The newly launched Symbol network will launch to create public-private hybrid deployment by syncing with the NIS1 publish chain. While Symbol, the enterprise-ready network, will function as the private plugin, the community-led and -validated NIS1 chain will operate as an ever-strong public network.
Will this pluggable private network/blockchain attract more businesses to enter the blockchain space?
- https://www.hindustantimes.com/brand-post/future-of-blockchain-based-enterprises-community-led-public-chain-with-a-pluggable-private-network/story-idfsdyGYDs5bZdqxC3wNsM.html
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One of the things that hinder businesses and major corporations to start using blockchain technology is the integration part. Even on the crypto side, these cryptocurrencies are unable to handle a large number of transactions in a fast and efficient way. Visa is handling from 2000 to 4000 transactions per second, PayPal - close to 450 transactions per second. While crypto has lower figures in that department.
The newly launched Symbol network will launch to create public-private hybrid deployment by syncing with the NIS1 publish chain. While Symbol, the enterprise-ready network, will function as the private plugin, the community-led and -validated NIS1 chain will operate as an ever-strong public network.
Will this pluggable private network/blockchain attract more businesses to enter the blockchain space?
- https://www.hindustantimes.com/brand-post/future-of-blockchain-based-enterprises-community-led-public-chain-with-a-pluggable-private-network/story-idfsdyGYDs5bZdqxC3wNsM.html
I'd say the easier the more likely that these big players will start using blockchain. I think what they're doing is to create a public-private hybrid deployment by syncing with the existing NIS1 publish chain.
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One of the things that hinder businesses and major corporations to start using blockchain technology is the integration part. Even on the crypto side, these cryptocurrencies are unable to handle a large number of transactions in a fast and efficient way. Visa is handling from 2000 to 4000 transactions per second, PayPal - close to 450 transactions per second. While crypto has lower figures in that department.
The newly launched Symbol network will launch to create public-private hybrid deployment by syncing with the NIS1 publish chain. While Symbol, the enterprise-ready network, will function as the private plugin, the community-led and -validated NIS1 chain will operate as an ever-strong public network.
Will this pluggable private network/blockchain attract more businesses to enter the blockchain space?
- https://www.hindustantimes.com/brand-post/future-of-blockchain-based-enterprises-community-led-public-chain-with-a-pluggable-private-network/story-idfsdyGYDs5bZdqxC3wNsM.html
I'd say the easier the more likely that these big players will start using blockchain. I think what they're doing is to create a public-private hybrid deployment by syncing with the existing NIS1 publish chain.
Very interesting to see how their token will play out on launch. They already have companies using them prior to their launch, and will have a 1:1 airdrop for all XEM holders.
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I am all hoping this can solve the scalability and privacy concerns we in the world of cryptocurrency has been clamoring for. There is a bright future for this industry only if there can be innovations that can answer the many perennial issues.
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At its core, blockchain is simply a distributed database, with a uniform copy stored on multiple computers. This facilitates transactions (financial or non-financial) between individuals (or companies) that do not know or trust each other.
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Blockchain technology will likely develop both open source decentralized networks and closed source centralized networks. In it, governments and large organizations will choose one approach, while individual programmers, small-scale projects, and startups will choose the other.
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I think blockchain attracts more and more enterprises every year and I think it will soon attract even more.
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The advent of Blockchain as well as the milestones when personal computers or the Internet are born, this system will change the way we understand and perceive society.
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When using a proprietary blockchain, transactions are only processed by the employees responsible for the special key. At the same time, this employee can also restrict access to read the entered information, if required. In other words blockchain is a necessity for businesses