Internet giant Baidu has just launched its Xuperchain cryptocurrency. The release of Baidu & # 39; s cryptocurrency anticipates the upcoming digital Yuan in China.
Baidu has just released its own cryptocurrency, called Xuperchain local reports. The network meets China's requirements and uses a series of key nodes to manage the network. This suggests that it is not decentralized.
But with the master nodes in hand, it fits into the category of high-performance block chains. According to the white paper, the blockchain network can support more than 10,000 transactions per second.
The underlying code for the Xuperchain blockchain was open source in May of last year.
On January 6, the Baidu Super chain officially announced & # 39; Open Network & # 39; to support SMEs and developers. The open network is a blockchain basic service network that is built on Baidu's fully developed open source technology. It consists of super alliance nodes spread throughout the country and meets Chinese standards. It offers users an environment for rapid implementation and operation of blockchain applications and computing. The flexible payment options from sources such as storage and storage immediately reduce the deployment and operation and maintenance costs of users and make trust links more convenient.
In May last year, the Baidu Super chain officially used the underlying blockchain technology. In providing technical support for developers, Baidu Super Chain discovered that the research and development costs of blockchain are high, the barriers to entry are high, and resources are invested. Even with autonomous and controllable underlying technologies, most companies and individuals still don't have the ability to build themselves successfully. Alliance chain, private chain. In addition, the industrial blockchain will move from "benchmarking applications" to "replication to scale" in 2020. The application and popularization of blockchain technology requires secure, controllable and easy-to-use basic network facilities to do business.
According to reports, Baidu Super Chain Open Network has four major advantages. Firstly, autonomous security is very reliable. Based on Baidu's fully developed and open-source XuperChain technology, XuperChain has passed the assessments of the first and fourth electronics institutes to meet the requirements of the Chinese blockchain standard. Secondly, it is flexible and convenient with a low threshold. You can use blockchain technology without building a chain, while at the same time providing rich contract templates and powerful functional components. The "foolish" operation effectively lowers the threshold for developers and SMEs. Thirdly, the costs of flexible payments are low. With flexible payment options for computer and storage sources, flexible invoicing can be achieved on request and per volume. Fourth, nodes are open and credible. It consists of super alliance nodes spread throughout the country. Currently, 7 supernodes have been introduced, including Tsinghua University, iQiyi and other leading institutions. At the same time, it has open access to the community and has strong credibility.
In the open network online conference, Baidu Super Chain used an example to explain the role of the open network. Compared to BaaS services, users no longer need to build a chain, they can use blockchain services directly and the billing method is more flexible and cheaper. Open networks pay for actual storage and computer use. Taking the demand for 3 nodes as an example, a medium-sized Dapp product carries out 10,000 transactions per day. It takes around 7,000 yuan a year to implement an application using an open network. If you use BaaS services, it needs at least 50,000 yuan.