The cloud computing and virtualization company VMWare has announced it has developed an open source blockchain infrastructure designed to be scalable and energy efficient.
Dubbed Project Concord, the VMWare blockchain aims to provide a basis for blockchain implementations that can solve some scaling problems by modifying the Byzantine fault tolerance consent algorithm commonly found in block networks.
Senior researcher Guy Golan Gueta wrote in a corporate blog post that the project algorithm uses a different communication procedure than existing consensus protocols that "exploit optimism to provide a common case fast execution of the path "and uses new cryptographic algorithms.
These updates from current protocols allow for higher network throughput, he said.
VMWare, a subsidiary of Dell, has worked at Project Concord for about two years, and while some of his research has been published in recent months, this week marks the first time the company has publicly recognized how much work
"The foundations of the Concord Project derive from years of academic and industrial research on Byzantine errors. Tolerant replication, cryptography and distributed computing", said Gueta, adding:
"The revolution of cryptocurrency and, in particular, bitcoin and ethereum have greatly influenced our understanding of this emerging field of trust decentralization: the Project Concord library was designed to be used as a fundamental element for replicas of distributed data repositories and is therefore particularly suited to serve as a basis for scalable corporate blockchain systems. authorized.
The team's source code has already been published icato on Github, with Gueta notes that the company intends to add a number of other features in the future.
Among them, he wrote, is an execution engine for intelligent ethereum contracts based on virtual machines. Other additions include support for Windows, Apple's OSX and some Linux distributions, as listed by Project Concord's Github.
The Github page adds that the team "welcomes community contributions", even if contributors will have to sign a license agreement.
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