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Congratulations on finding the sharpest and most interesting venture capital public account I heard that people who follow and pin "Vivi Breaks into Silicon Valley" are cool This is the 321st article published by "Vivi Breaks into Silicon Valley" Total text: 2586 words 18 pictures Estimated reading time: 7 minutes  Vivi’s new course “Introduction to Silicon Valley Venture Capital” is now available on Caixin Private Class! Copy link 👉 http://course.caixin.com/expert.course/course/reserve?courseid=518 Or click "Read the original text" to watch Vivi's premium courses~  According to CCN reports, Microsoft has released a new Blockchain as a Service (BaaS) product that allows enterprises across industry verticals to deploy flexible Ethereum instances tailored for enterprise environments. Ethereum's Proof-of-Grant on Azure allows enterprises to build applications on the Ethereum blockchain that are not protected by the proof-of-work (PoW) consensus algorithm and therefore do not require mining, announced during an Azure product launch event on Tuesday. These properties are more suitable for networks where participants do not trust each other.  Ethereum isNext generation cryptographic ledger, can support numerous advanced functions, including (✓) user-issued currency, (✓) smart contracts, (✓) decentralized transactions and (✓) the establishment of decentralized autonomous organizations (DAOs) or (✓) decentralized autonomous companies (DACs). Ethereum does not specifically support each single type of function as a feature. Instead, Ethereum includes a built-in Turing-complete scripting language that allows you to write code for the features you want to implement through a mechanism called a "contract." A contract is like an automated agent. Whenever it receives a transaction, the contract will run a specific piece of code. This code can modify the data storage inside the contract or send the transaction. Advanced contracts can even modify their own code.  01 Ethereum vs EOS There is hardly any other cryptocurrency that has as much competition as Ethereum and EOS. They are both the number one and number two decentralized application (DAPP) platforms by market capitalization, and both cryptocurrencies have polarized crypto enthusiasts over their preferences. These platforms share many similarities; however, at their core, they differ in their approach to overcoming the scalability three-dimensional space. Ethereum supporters value decentralization. The platform currently uses a proof-of-work (Pow) consensus algorithm in which miners produce new blocks. However, there are plans to move to Proof-of-Stake (PoS) in the coming years.   Regardless of the consensus mechanism, it is clear that Ethereum has and will be decentralized for the foreseeable future. Now, anyone can purchase a mining rig and start contributing to block production. And, by switching to PoS, you become a potential block producer as long as you hold Ethereum. This network will not limit the number of block producers. This level of decentralization does have some drawbacks, although Ethereum has a pretty difficult time scaling under the current circumstances. Now, the network can handle up to 15 transactions per second (TPS). Compared to VISA’s 24,000 TPS, this shows a huge barrier to mass adoption of TPS. ///// In fact, in 2017, a game called CryptoKitties caused so much traffic on the block chain that the network became congested, resulting in slower transaction times and higher fees. However, the Ethereum developer community is not without solutions. In addition to switching to PoS via the Casper protocol, they are also implementing layer 2 scaling, specifically for Plasma. Plasma is similar to Bitcoin’s Lightning Network in that the changes do not directly affect the root blockchain. To further improve scaling, developers are also sharding the blockchain, which effectively splits the blockchain state into "shards" so that nodes can all agree simultaneously, rather than in the linear fashion they currently do.  02 Microsoft Azure Blockchain Service As early as November 2015, Microsoft launched the Azure Blockchain service to provide a complete set of blockchain technology solutions. 🌟 For example: 3M uses Azure Blockchain to implement a new label-as-a-service approach to ensure supply chain security and combat counterfeit products. 🌟 Webjet uses Azure to support payment reconciliation services in the online travel market. 🌟 The Monetary Authority of Singapore and the Association of Banks in Singapore use Azure blockchain applications to clear and settle payments and securities. As a "sandbox", it allows users to deliver different technologies and services in a low-risk environment provided by Microsoft, making blockchain technology easier to build, test, deploy and use. Sandboxing is the practice of running an application in a restricted, secure environment that limits access to the application's code. Mostly used in computer security technology. All changes in the sandbox will not cause any damage to the operating system or platform environment.  The advantages of Azure are: ① Dramatically reduce development time: Experiment with ease using modular, pre-configured networking and infrastructure. ② Get products up and running quickly: Use built-in Azure connections and tools to quickly cycle through and verify blockchain solutions. ③ Provides a cloud platform: Keeps data secure and scales when needed. It can be said that Azure provides a complete set of development and testing tools, allowing customers to choose suitable blockchain modules for development, greatly shortening development time. This time Microsoft announced Ethereum Proof-of-Authority on Azure, allowing enterprises to build applications on the Ethereum blockchain. The blockchain will not be subject to the Proof of Work (PoW) consensus algorithm and therefore does not require mining - more suitable for a network where participants trust each other. PoW "works well in an anonymous open network where cryptocurrency facilitates network security," said Cody Born, a software engineer at Azure Global. “However, in a private/consortium network, the underlying ether token has no value. ” Born explained that since all participants on an enterprise blockchain network are well-known and reputable, governance can be separated from network operations. ///// Microsoft's latest“Authorization certification”The product introduces a built-in multi-centralized application - "Governance DApp", which not onlyHelp organization members manage their networks,returnAllow "network nodes" to delegate their voting rights to others。 🌟 For example, when the master node is offline, it can authorize its voting rights to other participants in the blockchain network, and the latter will become the entrusted representative of the node. Later, these "entrusted nodes" can vote on their behalf to ensure that all members reach a consensus.  Not only that, "authorization certification" alsoAllows blockchain network administrators to vote or change network permissions in a transparent and auditable manner。 This new product launched by Microsoft can be used in conjunction with the previous Azure Ethereum product based on workload authentication, and the blockchain using the new consensus model of "authorization authentication" can be deployed in just five minutes, providing enterprises with a "one-click" distributed ledger solution. --- Walk with innovators --- Become a sponsor & partner of our show Let your brand become a star in the army of innovation and entrepreneurship Be part of our show Innovative startups and investors, join us tell your story Become a partner and volunteer in our "Silicon Valley" team Let’s drive innovation forward together I heard that interesting and interesting people are here Contact@vivi.media  Thank you for showing your support for Vivi with practical actions It is not easy to be original, but it must be done and cherished  Colina, Silicon Valley Administrator at Vivi Ventures Name: vivi_valley       |
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