INTRODUCTION
Blockchain has been largely praised for its massive indulgence in the movement for a fully decentralised system where transactions are being carried out in the most transparent manner ever, displaying past and current record of every transaction ever carried out on it, this is called the public blockchain settings. This act has brought about great trust and fairness among members of various platforms.
But sadly, this system has been refuted by many as the public blockchain makes certain crucial privata data of companies and individuals using it to be displayed openly for everyone to see, and for this reason the private blockchain was introduced.
The private blockchain has its advantages, it gives users the privacy they crave while carrying out transactions on any platform. But this results to a mild level of decentralisation since a central body will have to see to its privacy, thereby defeating the entire purpose of the blockchain.
The Xinfin solution
Xinfin proposes a solution to this problem by bringing about a hybrid blockchain protocol where both the prvate and public blockchain protocol are being merged to function as a single network. The public blockchain serves to provide transparency by displaying executed transactions for all members to see. However, only members of the said network are granted access to specific areas of transactions, this is made possible courtesy of the private network protocol.
In a nutshell, xinfin aims to merge both blockchains, thereby presenting members with the opportunity of enjoying the benefits that comes with the both kind of blockchain.
Conclusion
If you are conversant with good projects you will agree xinfin is definitely one, it's a project out to disrupt the world of finance, overhaul it, and give an entirely new meaning to it.
FOR MORE UPDATES AND INFORMATION, PLEASE CHECK OUT THE LINKS BELOW
WEBSITE : https://xinfin.org
TELEGRAM : https://t.me/xinfin
MEDIUM : https://medium.com/xinfin
TWITTER : https://twitter.com/XinFin_Official
LINKEDIN : https://www.linkedin.com/company/xinfin/
YOUTUBE: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g
GITHUB : https://github.com/xinfinorg
Author's details:
Email: akpalilu@gmail.com