You’ve heard of Bitcoin and Ethereum, right? That’s all built on blockchain technology, and there’s now a hybrid using the same tech combined with private networks that wants to build the next generation of the global computing network.
The technology itself is called XinFin – short for Exchange Infinite – and it combines both a public blockchain with private networks in order to get the best of both worlds.
XinFin uses something called XinFin Digital Contracts – these are known as XDCs for short – and the system is then recorded by blockchain technology to keep a track of transactions transparently.
All of the benefits you’d expect from normal public blockchain technology are available here, but using it alongside private networks allows for speed and security within enterprises and communities using the hybrid tech.
All members will be able to use the public blockchain tech that’s useful for basic data that needs to be transferred both securely and transparently.
For anything confidential, such as company secrets or financial data, there are also private networks for that extra added layer of security to ensure there are no problems.
XDC technology can be used for both messaging and confirmation of domestic payments, but it can …read more
Source:: TechRadar – All the latest technology news
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