Post by
pommerac on Nov 25, 2018 4:12pm
Exeblock news
Blockchain Governance Increases Security and Scalability Getting too much email? Unsubscribe Investing News Network Sat 2018-11-24, 11:14 AM Having Trouble Viewing this email? view it in your browser Investing News Network Breaking News Spotlight - eXeBlock Technology RESOURCE Investing Blockchain Governance Increases Security and Scalability Blockchain technology has emerged as a potential solution for industries tackling the evolving needs of customers, regulators and governing institutions. Host to a technology that promises transparency and security in a decentralized model, the blockchain industry is working towards linking corporations, industries and governments. However, there is still extensive work to be done in developing implementable solutions. In implementing blockchain, organizations need to be conscious of potential challenges around scalability, privacy and how well their blockchain can interact with others. With these concerns addressed early on through the implementation of good governance practices, a blockchain can be strategically positioned against competitors in the market. There are four types of blockchains: federated, permissioned or private, permissionless or public and hybrid. Each of these implement varying degrees of access, privacy, scalability and uses. Governance models within these blockchains address three key components of a blockchain network. First are nodes, powerful computers that host copies of the ledger, validate each transaction and protect the integrity of the blockchain by keeping it decentralized. Second come miners, nodes that are compensated for grouping transactions and adding them to the blockchain. The third area of interest is the delegated proof of stake, a process in which all nodes vote to elect the nodes most trusted to validate transactions on their behalf, making the blockchain more efficient and more secure. These elected nodes can be replaced at any point in time as voting is ongoing. Focused on increasing transparency and cutting out the middleman, governance models include decentralized autonomous organizations (DAO), which use smart contracts to auto-complete business decisions, and decentralized applications (dApps), where users are rewarded with tokens for validating transactions. These solutions can also help address the scalability issue. Despite being a groundbreaking innovation, cryptocurrency transactions still face scalability challenges due to the time constraints of consensus validation of each transaction. By further decentralizing these networks, there is an opportunity to help the technology go mainstream. The following infographic, sponsored by eXeBlock Technology Corp (CSE:XBLK), will help investors learn more about the role of governance in blockchains: Find out more Learn more about eXeBlock Technology Click to update subscriptions. FORWARD TO A FRIEND Click to unsubscribe. This will stop all newsletters from INN Facebook Twitter linked In youtube Help us be sure that this email newsletter gets to your inbox. Adding our return address inn@investingnews.com to your address book may "whitelist" us with your filter, helping future email newsletters get to your inbox. Was this email forwarded to you? Sign up to receive your own copy. Investing News Network values your privacy. At no time will we make your email address available to any third party without your consent. If at any point you wish to remove yourself from this list or change your email address please click here: Update subscriptions. Dig Media Inc. inn@investingnewsnetwork.com Main: [tel+1-604-688-8231]+1-604-688-8231 L200 560 Beatty Street Vancouver, BC Canada V6B 2L3 Copyright 2018 Investing News Network. All Rights Reserved
Comment by
YoungInvestor89 on Nov 27, 2018 10:06am
Did you write this yourself? No link, not on SEDAR or Exeblock site.
Comment by
pommerac on Nov 27, 2018 11:38am
Was on INN-Investing News Network