Multi chain as another one of the significant blockchain projects based upon Bitcoin blockchain. Multi chain is a solution created by Gideon, which offers blockchain solutions for organizations where they can build and deploy solutions fast. Multi chain offers multiple functionalities on top of Bitcoin block chains, such as permissions, streams, and assets. Multi chain also provides tools like explorers to seamlessly interact with the underlying blockchain. Multi chain was built to reduce all the limitations of Bitcoin blockchain and also provide additional functionalities. Whenever we are using multi chain we can set over transaction fees, currencies, dock time, block size, the maximum transaction output and much more.
We can also control the permission With the multi chain and create both test and main networks for our projects within minutes, one of the significant examples which is using multi chain at its base is bank chain. Bank chain is the solution built to incorporate multiple banks together for KYC solution. Apart from these projects, there are many more blockchain projects available throughout the market. Currently, the inclination of the market is shifting from cryptocurrencies to blockchain technologies, more and more enterprise ready and business solutions are coming into the market. The current projects which are leading the systems are hyper ledger and our three quarter hyper ledger has been utilized by SAP as well for the cloud based blockchain solution. coda blockchain is supported by Microsoft to produce many applications Although Bitcoin and aetherium are still available in the market as platforms, the cryptocurrencies are now taking a backseat and blockchain technology is coming in the front with more power and efficiency.
That was about the different blockchain projects and their comparison. In the next lecture, we are going to talk about why industries need to adopt blockchain and start building the applications over blockchain. If you have any queries Feel free to drop us an email at info at the rate we do blogs calm