Hdac Latest Updates On How Will Integration Between The Public And Private Blockchain Work?
Hello Reader,
Blockchain or as it is also known as block chain is a kind of list of records, which has complete list of the transaction details. It is due to this ability of block chains, that people have started using blockchains in places where there is crypto currency. In addition, as for crypto currency or cryptocurrencies, these are currencies or digital assets, that help investors in ICOs or initial coin offering.
Blockchains in Hdac:-
These ICOs on the other hand, lend a helping hand to the start - up companies with required funds. It is through these ICOs or initial coin offering that people can move towards having funds ready for their start - up ideas. In this article however, our focus has been shifted to the way public as well as private blockchains integrate.
Curtailed Freedom of Access in Blockchain:-
As far as the permissioned blockchain or a private blockchain is in question, then there is no one who can have free access to it by means of the nodes. The reason for such statement is that this kind of a free access is only given to public integration and can never be given to private blockchain network or for that matter a permissioned blockchain. All these steps would make sure of the fact that all the things are in order.
As a result of this, to make the best access possible, some of the things are necessary. So, here any of these intermediaries or nodes must have configuration information. It is only when all this information is available that things will go in a systematic way. These must - haves include either a bridge node or relaying intermediary as it is these things that have permission from the administrator to access registration and other similar things.
Only a Separate Privilege
However, there are some cases when special privileges can be granted but this incident takes place if there is a case of some transaction. Moreover, this transaction has to be something in particular as well because otherwise permission would not be granted. As an end result, it is compulsory for the user to register themselves post verification with that of a private block chain.
So as you can see that there are many rules, which have to be followed in order to make things happen. On the other hand, if you are a member of this Hdac platform then you also have to be ready to face many blockchains as these block chains have been put in place to ensure that there is safety from all corners.
Future of the Blockchain:-
Plans are also in the pipeline to make this block chain one of its kind and a block chain that has numerous private block chains. These multiple block chains (read private block chains) will be allotted with a reason of its own so that there are no clashes at the end of the day. Research has been going on to make sure that this also becomes a reality in the upcoming days.
Hdac Team
For More Information Please Visit : -
Information Source-->Website, Whitepaper
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Regards,
@sudhakark
Great.info!
Thank you @hem98
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