A Third Generation Blockchain For Real-time Data Networking

in bitcoin •  4 months ago

The rate of mass adoption of blockchain in the market is remarkable. Much of the growth of the technology can be credited to the huge media headlines it made in 2017 — with a huge number of the early adopters now part of the crypto-community. Despite the noticeable pace in the development of the blockchain, the existing level of advancement is insufficient to sustain the demand requirements of data processing and transactional throughput. Thus a new generation of blockchains — a third generation blockchains are trying to provide solutions to the pains felt in the usage of blockchain for both community and enterprise-based utilities.

In 2009, Bitcoin started the dawn of blockchain but it was Ethereum that made the mass-grade utility of the technology possible by allowing users to perform cross-product integration. Ethereum has proven to be successful because of the advancements happening in its blockchain and also because it's network is in high demand, it is regarded as a legacy second generation blockchain. The challenge though is that major enterprises that hope to utilize the Ethereum network for their connectivity and data processing must share it with many other projects. Consequently, the network is overloaded making it unable to satisfy the demands of businesses and the general community.

While the obvious benefits of blockchain can not be denied, the technology faces scalability challenges — and third generation blockchains are emerging to proffer solutions. This is what has inspired to the creation of VANTA.

A Scalability Solution

Massive attention was brought to blockchain technology in 2017 and while 2018 mostly saw the fulfilling of the huge, sudden rise in demand for the technology, 2019 is focused on successful adoption into more use cases.
Through the utility of parallel execution of transaction, VANTA is designed to be a high performance blockchain developed for the era of scalability anf real-time networking needs — this makes it an ideal solution for enterprise challenges. VANTA team guarantees that their blockchain network poses the ability to achieve a very high scalability by being able to process high transactions per second (tps) at a very low cost.

The basics of blockchain is that the technology is able to provide a scale of value to interactions, this way, the network necessitates some degree of transaction fulfillment. It is rather strange that despite the fundamental functionality that blockchains are supposed to serve, they are still insufficient to fulfil scalability and real-time networking needs. Hence third generation blockchains such as VANTA stand to become the future of this technology. Innovative advancement is an important requirement for the success of an industry, and those products that can capture the advancements the market needs will be able to topple even the established industry leaders.

An Enterprise Solution

With every new innovation, and advancement in technology, businesses and technology are becoming increasingly entwined. Many companies and enterprises are adopting advanced technologies and the current attention is on blockchain.

Although blockchain products have seen popularity, they still face the challenge of mass-utility. Blockchain needs to be able to support and satisfy enterprise-grade needs before it attract public usage on a world scale. VANTA's team has set out a clear mission in mind for fulfilling enterprise-level solutions.

VANTA will operate as a permissioned blockchain — this clearly defines the facial of the team to serve this development as a well prepared enterprise solution. This blockchain is developed to be able to process and transmit real-time data between humans and devices efficiently and at a very low cost, thereby making it feasible for the project to compete with existing real-time networks providers.

VANTA is utilizing a tested intelligent network mechanism which comprises of the ARKAS protocol and the consensus algorithm. The team guarantees that these protocols will be able to process all transactions in the fastest possible time.

Highlight

VANTA is a third generation blockchain cored on providing an enterprise solution. It leverage various innovative features to bring about effective real-time networking and scalability though the fulfillment of extremely high transactions per second.

Essential VANTA Community Links

Web: https://vanta.network/
Whitepaper: https://vanta.network/doc/VANTA_White_Paper.pdf
Telegram: https://t.me/vantanetwork
Twitter: https://twitter.com/vantanetwork

My Connect

BTT: https://bitcointalk.org/index.php?action=profile;u=2136963
Eth: 0x126C278E6e446aaB2c85F0ce0702E315Fc03eA2A

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There are quite a few of these projects pegged as high-performance blockchains that can provide massive scalability but its all theory, until they can be load, tested we simply cannot assume these projects can be any way shape or form superior to what we currently have.

The two mimble wimble based blockchain projects are also promising speed and scale and while the concept of a light blockchain has promise we have to still look at it pragmatically.

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Yes you are correct but @chekohler. There are many projects that promise these features and have failed. But just like Quarkchain, VANTA holds a lot of promise. Similar to Quarkchain, VANTA is a Korean project — and so far ICOs from that part of the world have been quite successful because of proper strategy and good partnerships.

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Yes you are correct @chekohler. There are many projects that promise these features and have failed. But just like Quarkchain, VANTA holds a lot of promise. Similar to Quarkchain, VANTA is a Korean project — and so far ICOs from that part of the world have been quite successful because of proper strategy and good partnerships.

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Have you considered to promote VANTA via @originalworks contest? Would be promising to initiate further discussions with outstanding steemit writers

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Thank you @sciencevienna. I checked @originalworks page and I saw goof contest there. I write daily reviews about cryptocurrency, ICOs and blockchain technology. I'd like to participate in such contests, do u know how I can join?

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The executive board can decide which author should be rewarded, which contributions helped your business model most and made a significant change. The "goof content" or the content you consider as such does not need to be awarded and will remain unnoticed (at the end of the "ceremony" :P)

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Write @originalworks directly what kind of projects/collaborations they make, usually the negotiations regarding contest setup etc. should happen within marketing divisions. Good luck :)

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Scalability is one of the most important aspect of a blockchain. Seeing a platform targeting this aspect as well as ensuring the fastest transaction possible is always applaudable.

Now, I am a bit curious to know if this blockchain will be powered by a corresponding Cryptocurrency/token or is it similar to that developed by IBM (no Cryptocurrency involved)?

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When we look back, almost a decade ago, "Scalability" was a problem, but "our" incredible developers eventually figured out a way to surpass that big obstacle, and when we see the current situation, we see people wondering how far this concept can be taken within blockchain technology.

Thnak you for sharing about this project. I don't see permissioned blockchains as a problem. Like all tech they can be used for good or bad. Lots of companies will replace their internal networks in the future. They may even take ideas from FOSS developments. If it's serves the consumer at the end and bring new services while keeping the prices low, I can only be happy about it. Keep posting solid content. It's hard to find good valuable news with websites being saturated with every random puff piece.

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Thank you @d-zero, I am glad you like my post. Please check out my blog, I post daily reviews about blockchain and cryptocurrency. 👍

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I'm waiting Lisk for a while

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Many teams say thier network is decentralized network to participating nodes connect, they are low-cost / highly available .But in the decentralized network field, I have not heard who has more high market , so they still must very to hard.

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so they still must very to hard.

I don't understand this @cloudblade.

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I am referring to the share of the market!
It’s like the leader of blog socializing is FB.
Now decentralized network, although there are many , their market share no high.

So Vanta is trying to make protocol that can be used by other for data transfer and communication?
The idea look noble.

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Yes you are right @r1s2g3. The project aims to provide enterprise-grade solutions for blockchain by improving on real-time data processing speed at a very low cost.

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Hello @kryptarion

The information is well detailed, I am surprised by the new technology that is growing every day to show us the future.

It is a new solution, new technology to succeed in business with the new companies and the new generations that are still to come,

VANTA is a third generation blockchain cored on providing an enterprise solution. How incredible this sounds ... !!!

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Yea thank you for stopping by @edgarare1

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Great post and interesting project .
Started to read the white paper and will take a closer look at Vanta.

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Thank you

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This is quite an interesting implementation of Blockchain technology. I liked the fact that it offers real-time video streaming and communication. I have used some 3rd-party paid services in past for this, but seeing this on a blockchain sounds extremely great and useful.
I read on their website that companies like- Oracle, Microsoft have partnered with them which would ensure it is is technically quite a robust platform.
Thanks for writing and letting the community know about us.

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Yes you are right @rjoshicool. The project is a real deal. It's good to know that you visited their site.

You have well recognized that the decisive point for the blockchain is the usability and usefulness for end consumers and companies. The better thought out and concentrated on daily tasks a blockchain is, the more successful it is and the more future it will have. Those who fall behind, will fall by the wayside.

This post has received a 22.19 % upvote from @boomerang.

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Is Vanta in the beta testing phase or is it being utilized in the real world? Very interesting read, I'm going to follow your progress.

The Testnet is coming Q2 and that's a very good thing. Many projects take a year or even more from their token sale to actually deliver a working product. VANTA is basically asking funds for a partially complete product instead of some whitepaper or unproven business plan. Thanks for the information. Great blog and very well done write up. Following you for more.