What is Blockchain Infrastructure?
November 20 2018 - 12:07PM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
November 20, 2018 -- ADVFN Crypto NewsWire -- Today, Coindesk
penned another article related to another company that is
supposedly re-defining blockchain infrastructure. Upon reading this
piece as well as others on the subject, one specific thing becomes
quite clear. Because even Blockchain insiders cannot seem to
completely agree on the subject, it is not reasonable to assume
that the average investor knows what blockchain infrastructure
means.
In going back to the specific
article mention above and analyzing it a bit, this may become
clearer.
As you probably already know, an
“open-source culture” is at the heart of the growth that the
Blockchain industry continues to experience. Many teams are driven
by ideas related to this, like the belief that publicly available,
yet individually customizable technologies will be more widely
adopted than those that are more private.
Related to this, today’s Coindesk
article on RSK Labs helped to announce the creation of five
open-sourced Blockchain protocols, with one central purpose. Before
jumping into what this is, it is important to make clear that these
are not new consensus protocols like Proof-of-Stake, but they are
protocols related to sidechain functionality.
Reportedly, all five protocols go
together to essentially allow the Bitcoin network to be almost the
same as the Ethereum network in terms of everything that it is set
up to do. In this case, that means better facilitating the creation
and continuous maintenance of decentralized applications, and
making the blockchain easier for programmers to use for various
purposes.
With all of this in mind, it
appears safe to conclude that if these protocols are widely adopted
by those who are interested in active usage of the Blockchain, then
the Ethereum network might find itself experiencing more
difficulties than it is already experiencing.
Since RSK’s new suite of protocols
was just announced this week, over the next year or so, expect us
to follow developments on this subject as they come to
light.
By: BGN Editorial Staff
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