Preface
As years pass by, quite a number of enterprises have been intensifying efforts to integrate their businesses to blockchain, but there is usually a problem, and this problem basically is the problem of which chain to use; private or public chain. The both chains actually have their up and down sides. Choosing the public chain will ensure all and sundry will be able to see transactions that are being carried out, this isn't so nice, as not so many will be comfortable with the idea of unknown third parties seeing details of their financial transactions.
Choosing the private chain also has its own fair dose of disadvantages as well, even though it might be good and scalable, it's semi-centralised nature might serve a blow to the entire aim of the blockchain and causing many of the issues encountered in centralised settings to resurface.
Well, there is a good news. The good news is that there is now a platform that can conveniently combine the features of a private and public blockchain, with a unique hybrid model that will be highly favourable to businesses and their customers.
How xinfin works
Xinfin is a blockchain project powered by XDC01 which is essentially a fork of quorom (private) and ethereum (public) blockchain protocols, thereby providing a symmetric combination of both chains in a fashion that will be highly efficient. With this set up, the public chain is opened to all members of the platform, while the private chain will be accessible to only members of the network.
This to me is undoubtedly the perfect solution to all the age long problem encountered by financial bodies and her customers around the world. Also privacy of members belonging to specific networks of the platform are being protected.
Summary
Xinfin has provided the perfect solutions to all problems face by most financial institutions, by helping to provide a hydride chain where the benefits of both can be harnessed simultaneously. You just have to give it up for Xinfin, they are simply the best.
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: washiujacob8099@gmail.com