Curated News
By: NewsRamp Editorial Staff
December 24, 2024
Aeternity Foundation Unveils Hyperchains® Protocol for Custom-Configured Blockchain
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- Aeternity's Hyperchains protocol offers corporates a high level of control and predictability, giving them an advantage in blockchain adoption.
- Hyperchains is a fully independent blockchain solution that allows users to customize its performance, participation, and security attributes.
- Hyperchains makes the world a better place by addressing the blockchain adoption crisis and offering unbeatable security and performance.
- Hyperchains is a revolutionary blockchain solution that allows users to run a fully independent Layer 1 blockchain with advanced features.
Impact - Why it Matters
This news matters as it introduces a groundbreaking solution for users seeking a high level of control and predictability from blockchain technology, especially for corporates. Hyperchains® protocol allows for the operation of fully independent Layer 1 blockchains with customizable attributes and enhanced security, addressing the blockchain adoption crisis and offering significant technological advancements for security and performance.
Summary
The Aeternity Foundation has unveiled its long-awaited Hyperchains® protocol, a solution for users — especially corporates — who require the same level of control and predictability from blockchain as they do from other parts of their IT infrastructure. Today’s public beta release demonstrates how users can now operate up a custom-configured blockchain that’s made attack-proof by using æternity, Bitcoin, or DOGE networks as a secondary security mechanism. Hyperchains is the first and only blockchain solution that allows users to run a fully independent Layer 1 blockchain (L1), customize its performance, participation, and security attributes as well as set the network’s reward and penalty parameters. Hyperchains uses a hybrid consensus mechanism layering Proof-of-Stake (PoS) performance on top of Proof-of-Work (PoW) security. Hyperchains is an out-of-the-box blockchain solution with all the utility and features of the æternity blockchain such as native compatibility with æternity SDK’s, oracles, and compilers.
Source Statement
This curated news summary relied on this press release disributed by BlockchainWire. Read the source press release here, Aeternity Foundation Unveils Hyperchains® Protocol for Custom-Configured Blockchain
