Skip to content

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

China’s Internet Giant Baidu Reveals Energy-Efficient and Highly-Scalable ‘Super Chain’ Blockchain Protocol

Posted on juni 4, 2018 by Blockchain News

China’s Internet Giant Baidu Reveals Energy-Efficient and Highly-Scalable 'Super Chain' Blockchain Protocol

China’s Internet Giant Baidu Reveals Energy-Efficient and Highly-Scalable 'Super Chain' Blockchain Protocol

Baidu is seen to be using Blockchain in many of its services. The latest was a solution to the high energy consumed by cryptocurrency mining. Speaking at an event in China, Xiao Wei the chief scientist at Baidu’s Blockchain division has announced a protocol that will resolve issues related to the energy consumed while mining cryptocurrencies.

Baidu is the Chinese equivalent of Google, which has been in the limelight for being one of prosperous IT companies originating from China.

It was incorporated on 18th January 2000 and is headquartered in Baidu Campus in Beijing’s Haidian District.

The new solution by Baidu is called ‘Super Chain’ and is compatible with Bitcoin and Ethereum mining operations. It inserts and removes consensus mechanisms to solve the energy consumption problem and also helps the single-chain support of 100,000 transactions per second.

Baidu is currently in the process of releasing blockchain solutions to its already existing products and services. It is also using Blockchain to provide for new solutions to existing real-life problems.  The Blockchain solutions are part of Blockchain-as-a-Service (BaaS) solution initiated by the Chinese technology giant.

In November 2017, the company revealed a service called Baidu Jinkuang which allows users to control unused computer resources for cryptocurrency mining such as GPU’s, CPU’s, hard disk space and RAM.

A few days ago, Baidu’s version of Wikipedia called Baidu Baike was seen to be used Blockchain to record entries’ revision histories. Blockchain will help keep it transparent and traceable. A public announcement has not been made, but a specific hash value is observed to be recorded with every item’s previous revisions.

China is starting to appreciate Blockchain technology and is using it to solve the countless problems the world’s most populated country faces. With such impressions of being Blockchain friendly, there are expectations of the cryptocurrency ban being softened.

At the time of the cryptocurrency tightening laws in China, Baidu removed advertisements related to cryptocurrency. However, it used Blockchain technology for various other solutions. ‘Totem’ used Blockchain to allow users to copyright images while ‘Leci Gou’ was a dog-themed version based on Ethereum of a popular cat breeding game.

Even the Chinese President, Xi Jinping has appreciated Blockchain incorporating it into the ‘new industrial revolution.’

Image Source: “Flickr”

The post China’s Internet Giant Baidu Reveals Energy-Efficient and Highly-Scalable ‘Super Chain’ Blockchain Protocol appeared first on Toshi Times.


Source: Toshi Times
Original Post: China’s Internet Giant Baidu Reveals Energy-Efficient and Highly-Scalable ‘Super Chain’ Blockchain Protocol

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Coinbase extends request for builders to expand ecosystem via Base Fund
  • Do Kwon to reportedly appeal against court’s decision to extend detention
  • Helium bottoms out in oversold territory- here’s what investors can expect next
  • Nasdaq Aims to Launch Crypto Custody Services in Second Quarter
  • Long-Term Holders Are Moving Away From One Ethereum DeFi Altcoin, Says Analytics Firm Santiment

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©2023 Blockchain News Feed | Design: Newspaperly WordPress Theme