April 10, 20183min960

0chain 0-cost superfast decentralized cloud for DApps announced partnership with NEO

0chain partnered with NEO Council to work together and help dApps scale their computing and storage needs using 0chain’s fast, free, and flexible decentralized cloud platform.

NEO is top 10 blockchain project with 3.4 Billion market cap according to Coinmarketcap that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.

Another major partnership was announced with BTC123, one of the largest media in the cryptocurrency space in China is providing a platform to help.

What is 0chain?

0chain is a 0-cost superfast, decentralized cloud for DApps on any current platform to perform microtransactions and store data which launched with the help of private investors and lucky few who managed to get in on pre-sale. Nevertheless, Tokens will remain locked in wallets until they announce a suitable trading platform

Their blockchain is designed to execute a smart contract within a sub-second using an n-dimensional, deterministic, Byzantine, DPOS blockchain system, so that one piece of a smart contract does not have to wait minutes or an hour for the result of the next one.

A fast efficient consensus set made up of m primary miners, n secondary miners, with a bench pool to shuffle the miners every p cycle. Such unparalleled efficiency and speed are achieved without compromising network disruption, malicious attacks, data withholding, and data manipulation.

And because of infinite chains, concurrent threads, and an efficient consensus, the 0chain can theoretically have infinite transactions per second.

They also have a notion of self-forking for new chains to evolve for specific verticals, applications, and geolocations, by configuring a few forking parameters.

All data must be stored somewhere. 0-chain provides superfast free storage capability, unlike others in the market with its efficient scheme of preventing generation, outsourcing, and Sybil attacks.

This is a project that is worth keeping an eye for when it hits exchanges, but this is definitely not a investment advice.

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