Multi-chain is another one of the significant blockchain projects based upon Bitcoin blockchain Multi-chain
is a solution created by Jidan, which offers blockchain solutions for organizations where they can
build and deploy solutions fast.
Multi-chain offers multiple functionalities on top of Bitcoin blockchains such as permissions streams,
assets, etcetera.
Multi-chain also provides tools like explorers to seamlessly interact with the underlying blockchain.
Multichain was built to reduce all the limitations of Bitcoin blockchain and also provide additional
functionalities.
Whenever we are using Multi-chain, we can set our transaction fees, currencies, block time, block
size, the maximum transaction output and much more.
We can also control the permissions with the multichain and create both test and main networks for our
project within minutes.
One of the significant examples, which is using Multichain at its base is bank.
Chain.
Bank chain is the solution built to incorporate multiple banks together for KYC solution?
Apart from these projects, there are many more blockchain projects available throughout the market.
Currently, the inclination of the market is shifting from cryptocurrencies to blockchain technologies.
More and more enterprise ready and business solutions are coming into the market.
The current projects which are leading the systems are Hyperledger and R3 Corda.
Hyperledger has been utilized by SAP as well.
For the cloud based blockchain solution.
Corda Blockchain is supported by Microsoft to produce many applications, Although Bitcoin and Ethereum
are still available in the market as platforms, the cryptocurrencies are now taking a back seat and
blockchain technology is coming in the front with more power and efficiency.
That was about different blockchain projects and their overview.
In the next lecture we are going to discuss about blockchain internal architecture, and this internal
architecture will form the base of our complete blockchain solution.
If you have any queries, feel free to drop us a mail at info at the rate v2 blocks.com.