1:54:37 2016-01-26. browsing volume: 7408. key words: VPN\Bitnet\ rainbow chain
While, Spring Festival is approaching, thanks to the members of Forum who have made outstanding contributions to Bitnet in the past year, that the development of Bitnet have made great achievement , it’s their hard work that laid a solid foundation for the development of Bitnet. For many, the value of virtual currency is out of thin air, but what I want to say is that it is labor that creates value, it is not created out of thin air, it is this concept that make each member of the team give hard work in the promotion of the Bitnet. The nature of money is value, Marx said that it were labor that had made humans walk upright and produced the value, only the labor could make our currency win better value, The total amount is unchanged for our virtual currency, the more we’ve done the more value of our virtual currency. This is why the team of VPNcoin have always insisted in developing, and taken their own characteristic way. The topic of today, however, has nothing to do with that. Today we’ll talk about the private chain.
Since the birth of bitcoin, block chain technology has attracted more and more attention from the international giants, many well-known multinational groups, such as IBM, Microsoft and other giants have developed block chain projects of their own. We also see many banks, finance companies, financial securities and other institutions are actively developing their own block chain projects. Industry reports suggest that business users are more likely to use private chain with certain kinds of confidential nature, or block chain technologies that own the mechanism of authorization and limited rights, to run their special business. So what ‘s the difference between private and public chains, what’s the use of it? As early as 2015, the team of VPNcoin have been discussing in-depth on the topic of constructing private chain. VPNcoin produces block chains by the way of POS mechanism at present. However, that’s a kind of public chain, open and transparent to any people, and It should only be used to deal with data flow of VPNcoin business. We hope to construct private chains on our public chain that are open to some persons, or a particular one, and allow everyone to construct their own private chain for independent running of business.
Building a private chain, to some extent, will make the existing development of block chain application to become more flexible and convenient, for users of enterprises or individual organizations, using a private chain will make them avoid exposing their books, such as the company’s financial data, or sales record data, to the public chain. It’s inherited from the public chain, and has all security attributes of the public chain.
Issuing of currency is almost all the applications of the block chain technology at present, and the most successful one. More and more digital currencies have been created, that make competition more intense and fierce in the block chain industry. It’s competition, that has promoted rapid development of technology, and lots of advanced, radical solutions have been created. Block chain technology is undoubtedly the greatest invention in the history of Internet development in recent years. It gives solutions for things that are unsolvable for many traditional technologies. It will play an important role in creating a new world order for the human society . Even some people compare block chain technology to a new Internet protocol.
The VPNcoin public chain can provide service of data flow distribution, and dealing with transaction data, without subdivision for data flow at present. If private chains were built in the public one, different companies, should construct their own financial data, privacy part of books should also been effectively isolated, and the transaction data been further treated on the basis of public chain, particular data operations been finished as a result. For instance , our wallet has the function of sending message, users can easily attach their consumption recordings to the message. We can offer the service of encryption for that message, so that it becomes not fully transparent, making it has some privacy .In summary we can easily regionally and typically classify the consumer books in time linear. We tend to use those that are already mature and validated feasible solutions, other than those that are only be used for the imagining of future. There exist many excellent solutions on how to construct a private chain at present, for our VPNcoin private chain, it will be operated on the basis of the main public chain, each one of the private chain with it’s own customized independent encryption solution that could isolate public and private chains effectively
VPNcoin block chain allows our users to launch their own private chain data flow easily, such as to establish a more detailed set of enterprise’s financial books, through the customized encryption solution of private chain, achieving limited authorized books management, for example the digital management of assets, digitalization of contract and certification documents, sharing of private block chain data, the function extensions on the basis of block chain, sharing of documents and so on. The successful cases for us include Guessing riddles games, and Ad Bonus.
All that means that, in the future, we would complete transaction of VPNcoin through VPNcoin public block chain, and complete further subdivision for the transaction data management through their own private chain, make full use of the potential mechanism of consensus, let it play a better role, explore some feasible solutions. that’s like a rainbow, layer upon layer, using a private chain to survive on basis of the main chain, and we call it the rainbow chain technology.
Great thanks should be present to those who pay attention to the development of VPNcoin., if you have good suggestions and solutions on the topic of private chain, please don’t hesitate to tell us, our QQ group: 252956814
MengNang
VPN：Va7VtDWJ38Zg3uZ8iBcD3jsRqn6joPbQG3
1st:
https://bitcointalk.org/index.php?topic=789961.4880website:
www.bitnet.cc/en_US/B website：
https://www.bittrex.com/yuanbao:
https://www.yuanbaohui.com/coinsBTC38:
http://www.btc38.com/Source link :http://www.bitnet.cc/en_US/rainbowchain/
