A secure, distributed, platform built for enterprise applications and services. They design and develop open-source products and services to drive business value from the Neblio blockchain network. Blockchain’s unique distributed ledger technology is what makes the Neblio Network possible. This decentralized system of securely storing transactions is the future of database technology for global networks. Enterprise applications taking advantage of this technology gain numerous benefits over those using traditional database architectures including transaction immutability, transparency, security, reliability, and decentralization.
What is the Neblio Blockchain
A blockchain network such as Neblio is a decentralized peer-to-peer network of nodes that exchange
information in the form of transactions; storing those transactions in an immutable distributed ledger. All nodes have a full copy of the ledger (known as the blockchain, due to being made of individual blocks) at all times. A node that would like to record information in the ledger first broadcasts a transaction containing the information to the network where it is relayed to all other nodes. One node then compiles all new available transactions on the network into a block that is added to the blockchain. Once a block is stored on the blockchain, it and all of the transactions contained within it are immutable, meaning that the transactions cannot ever be altered in any way.
Tokens on a blockchain network incentivize network users to secure and operate the network. In a public blockchain network, bad actors can attempt to attack or disrupt the network for their own gain. In an effort to secure the network against such attacks, the network must have a method of finding consensus. Traditional networks such as Bitcoin use an energy and computation-heavy method of finding consensus known as proof-of-work. Users are rewarded with bitcoins for using their computational power to verify new blocks for the block chain and consensus is found when the majority of the computational power on the network agrees, preventing attacks. In contrast, many newer blockchain networks, along with Neblio use a proof-of-stake consensus model. Proof-of-stake works by using the network users’ tokens as votes towards consensus to verify new blocks and secure the network. Users with more tokens get more votes since they have more tokens to lose if an attack on the network is successful
Jul-11-2018 09:04:32 PM