HYBRID LAYER 1 BLOCKCHAIN
Last updated
Last updated
ShiftZone is a Hybrid Hyperledger blockchain that is a combination of 3 blockchain technologies that have been merged together effectively and efficiently. It is a very complex blockchain but we have managed to gather these technologies together to form something unique and new.
HYPERLEDGER BESU
ETHEREUM VIRTUAL MACHINE (EVM)
With this combination of technology, we have optimized the chain and turned it into one of the most advanced blockchains in the world. It offers the following advantages and features:
ENTERPRISE-GRADE SECURITY: For enterprise use cases, Hyperledger Besu provides sophisticated security features including privacy and permissioning.
INTEROPERABILITY: Because Hyperledger Besu is based on the Ethereum protocol, it can easily communicate with other networks and tools that are also based on Ethereum. Additionally, Hyperledger Besu is made to work with other blockchain platforms and technologies, making it simple to integrate with current systems. This is consistent with ShiftZone's intention to connect to other blockchains in the future. This is made possible by The EVM portion of the chain is designed to be compatible with other blockchains, which implies that it may be used to construct decentralized apps that can interact with other blockchains. Numerous cross-chain connections and decentralized exchanges may be made possible as a result.
FLEXIBILITY: Users can choose the most suitable consensus mechanism for their particular use case thanks to Hyperledger Besu's support for Proof of Work (PoW), Proof of Stake (PoS), and other versions. It is also based on the Ethereum protocol, which offers a variety of tools and functionalities for developing smart contracts and decentralized applications (dApps). The Ethereum protocol offers a wide range of capabilities and tools for developing decentralized apps (dApps) and smart contracts.
MODULARITY: The modular nature of Hyperledger Besu enables users to pick and select the functionality they require and quickly add additional features as required.
OPEN-SOURCE: Because Hyperledger Besu is open-source, it is transparent and easy for developers to add to its growth and improvement. A sizable developer community can contribute to the platform and develop a diverse range of applications thanks to it.
COMPLIANCE: Because it can be connected with current compliance and regulatory frameworks, Hyperledger Besu is appropriate for regulated sectors like finance and healthcare. Although it is not now necessary for gaming and entertainment, it will be helpful if rules and compliance become more important in the future.
SCALABILITY: Scalability is supported by Hyperledger Besu, enabling the processing of many transactions per second.
SMART CONTRACTS: Smart contracts can be written and executed by integrating EVM into a blockchain. The details of the agreement between the buyer and seller are directly encoded into lines of code in smart contracts, which are self-executing contracts. Due to the automation of contract execution, there is a lower possibility of fraud and mistakes.
DAPPS: Decentralized apps (dApps) can be made possible via EVM on the blockchain. Applications known as "dApps" operate on a distributed network as opposed to a single central server, making them more resistant to fraud, censorship, and other sorts of manipulation.
TURING COMPLETE: Since EVM is a Turing-complete virtual machine and a component of the blockchain, it can run any program, regardless of how sophisticated it is. This enables the development of sophisticated and complex dApps and smart contracts.
PROGRAMMABILITY: The EVM's smart contracts can be programmed to carry out a variety of tasks, including automating money transfers, managing digital assets, and even creating new digital assets. A wide range of opportunities for developing new decentralized apps and services are made possible by this level of programmability.
DECENTRALIZATION: The EVM can assist in making sure that the network is resistant to censorship, fraud, and other types of manipulation by operating on a decentralized network of nodes. As a result, it might be a safer and more reliable platform for developing decentralized programs and services.
