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Ping Identity has announced a seed investment in Swirlds , a new platform to harness the power of the cloud without servers and solve the limitations of Blockchain technology.
Swirlds , building the trust layer for the internet, recently emerged from stealth and launched its hashgraph distributed consensus platform, free for public download and use by developers.
The Swirlds hashgraph goes beyond Blockchain, providing new capabilities not previously possible with existing Blockchain technology. The hashgraph enforces fairness, which is needed for matching buyers and sellers in auctions and stock markets. It provides low latency, low cost, high throughput and high security, without requiring proof-of-work. Users quickly receive absolute proof of the consensus results of their actions. Developers can build smart contracts using the full power of Java, and go beyond contracts to build entire shared worlds. White paper on the Swirlds hashgraph consensus algorithm can be found here. “Current stock markets are fair in matching buyers and sellers, but they require trust in a single company. Systems like Bitcoin have distributed trust, but do not ensure fair ordering of events. Swirlds provides the first distributed consensus platform that can be both fair and distributed, with high performance at scale,” said Dr. Leemon Baird, founder and CEO of Swirlds,. “Developers can create the next generation of ledgers, markets, identity applications, games, cryptocurrencies, and social collaboration applications on the Swirlds platform. They can go beyond simply recording events, to creating shared worlds where community rules are enforced and smart contracts are executed, not limited to interpreted scripting languages, but with the full speed of Java. By providing thistrust layer, Swirlds allows fairness and consensus to inherently co-exist, while ensuring that transactions in these applications happen efficiently and reliably.” The Power of Blockchain… and its Limitations
Distributed consensus networks, like Blockchain, […]
