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What is Blockchain Infrastructure?

November 20, 2018

 

Today, Coindesk penned another article related to another company that is supposedly re-defining blockchain infrastructure. Upon reading this piece as well as others on the subject, one specific thing becomes quite clear. Because even Blockchain insiders cannot seem to completely agree on the subject, it is not reasonable to assume that the average investor knows what blockchain infrastructure means.

 

In going back to the specific article mention above and analyzing it a bit, this may become clearer.

 

As you probably already know, an “open-source culture” is at the heart of the growth that the Blockchain industry continues to experience. Many teams are driven by ideas related to this, like the belief that publicly available, yet individually customizable technologies will be more widely adopted than those that are more private.

 

Related to this, today’s Coindesk article on RSK Labs helped to announce the creation of five open-sourced Blockchain protocols, with one central purpose. Before jumping into what this is, it is important to make clear that these are not new consensus protocols like Proof-of-Stake, but they are protocols related to sidechain functionality.

 

Reportedly, all five protocols go together to essentially allow the Bitcoin network to be almost the same as the Ethereum network in terms of everything that it is set up to do. In this case, that means better facilitating the creation and continuous maintenance of decentralized applications, and making the blockchain easier for programmers to use for various purposes.

 

With all of this in mind, it appears safe to conclude that if these protocols are widely adopted by those who are interested in active usage of the Blockchain, then the Ethereum network might find itself experiencing more difficulties than it is already experiencing.

 

Since RSK’s new suite of protocols was just announced this week, over the next year or so, expect us to follow developments on this subject as they come to light.

 

 

By: BGN Editorial Staff

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