MULTICHAIN DEVELOPMENT

MultiChain technology is a platform that helps users to establish certain private Blockchains that can be used by the organizations to build and deploy blockchain applications with high speed. In a MutliChain technology, any two or more parties can create their own BlockChain and the financial transactions taking place in Multichain network cannot be accessed by any third party. It is an open source platform based on Bitcoin’s Blockchain, except in MultiChain you must configure the multichain at every node as opposed to the Bitcoin Blockchain where anyone can connect and transfer assets on the chain.

MultiChain key features:

  • Native multi-currency support
  • Expected to be faster than Bitcoin
  • Permissioned management
  • Quick deployments
  • Supported languages – Python, C#, JavaScript, PHP, Ruby

MultiChain forked from the Bitcoin Blockchain allowing users to control whether the chain is private or public, permissions to connect to the network, target time for blocks, and maximum block size and metadata. MultiChain also has a simple API and command line interface that helps to set up the chain.

THE MULTICHAIN SOLUTION

01

Private Blockchain

Control who connects, reads and writes

01

Customise mining

Configure diversity, blocksize and frequency

03

No minin / transaction fees

Due to te private nature

04

Application specific chains

No irrelevant data

05

Multiple asset support

From currency to financial instruments

06

Atomic exchanges

Prevent double spend and one sided transactions

SOME MULTICHAIN USE CASES INCLUDE:

Permission blockchain → Validated by consensus, not Proof-of-Work
Full asset lifecycle → Issuance, transfer, exchange, escrow, re-issuance, redemption, destruction
General storage and search → 64MB of data per transaction
Streams → Key-value, identity, time series

“Private blockchains will likely be a more attractive solution for financial institutions wishing to deploy this technology during the next decade,” as described by the MultiChain Whitepaper. MultiChain positions private blockchains as an early version of a more robust, global Bitcoin Blockchain, one that can allow private institutions to begin working with the technology in the way that Intranets exposed entities to the Internet.

MULTICHAIN ASSET FEATURES INCLUDE:

  • Smart contracts are not needed
  • Flexible asset metadata
  • Permissioned follow-on issuance
  • Atomic multi-asset payments
  • Multi-way atomic asset exchanges
  • Multi-signatures for security and escrow
  • Subscribe to an asset to query transactions

TO BUILD AND DEPLOY MULTICHAIN PRIVATE BLOCKCHAINS, CONTACT INTELLIBEANS TODAY!

Menu