Microsoft presents the new Ethereum Blockchain-as-a-Service



  Microsoft presents New Ethereum Blockchain-as-a-Service

In what may be the most powerful sponsorship of the blockchain to date, Microsoft has quietly released Ethereum on Azure-its new Blockchain -as- a-Service (BaaS) that allows companies to use and personalize their own networks of blockchains Ethereum

authorized

. Presented in a blog post on 7 August, the new giant software product enables consumers and businesses to build and distribute decentralized apps (dApps) in private and partner networks

Instead of using the mechanism of Ethereum's standard test consent Microsoft opted for proof of authority (PoA), which maintain a "more efficient" choice without the need for mining .

Where the Ethereum's main network may be appropriate for untrusted environments, Microsoft points out that such a consensus mechanism f Corto Born, a software engineer at Azure Global, said: [19659012] works great in anonymous and open networks where competition for cryptocurrency promotes security on the network. However, in the private / consortium networks the underlying ether has no value

Contrary to the Ethereum's current protocol the PoA grants authorized individuals the right to validate transactions and blocks without the competitive process and consumer of mining .

Ethereum : World Supercomputer, Forevermore?

With a series of smart platforms approaching the highest level, Microsoft's move may have given Ethereum a new outlook on life.

While shrunken by the market capitalization of $ 36 billion of Ethereum as NEO, EOS and Zilliqa claimed a transactional throughput in the realm of thousands for the second digits that supposedly would make sweat Vitalik and his team.

While the developers of Ethereum devise various methods to overcome the known problems of platform scalability, they could imagine the success of Microsoft could offer them

Meanwhile, Microsoft could offer Ethereum inconceivable to businesses and consumers, opening up the network to wider use cases than its prolifically used "scams". [19659005Nonostantel'additionofpossesspowerbenefactor Ethereum continues to support the low prices ever recorded since last November.

Cover photo by Tadas Sar on Unsplash

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Jonnie Emsley

Jonnie Emsley is a freelance writer and a blockchain writer based in Ho Chi Minh City, Vietnam. Discovering new corners of Southeast Asia and the emerging cryptocurrencies give it a buzz like no other.

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