Blockchain, Featured

Blockchain Protocol Unita Designed For Enterprises

A blockchain protocol called Unita is designed for the automation of information transfer processes related to enterprises. It will not only automate the processes but also store data.

Qtum is an open-sourced blockchain application platform who has introduced Unita.

The Chief Information Officer (CIO) at Qtum Foundation Miguel Palencia said, “Speed and customization are two of the main barriers for enterprises looking to adopt blockchain technology. By bridging a novel, scalable consensus algorithm with smart contract technology and tools familiar to developers, we strive to make blockchain accessible for enterprises to easily and effectively deploy.”

Problems can occur during the consideration of the blockchain adoption. Enterprises face the problems. Developers can use common tools to solve the problems. The blockchain protocol Unita helps the developers in using the common tools.

A secure, cross-chain, and decentralized data storage solution will be provided to enterprises. Data can be stored on a permissioned Unita chain and essential data can be transferred into the public network of the open-sourced blockchain application platform Qtum.

Unita contains features like seamless one-click deployment, cross-chain trading, data management, and additional modules. Millions of transactions can be processed every day through their enterprise modules.

The open-sourced blockchain application platform Qtum is designed to leverage the security of Unspent transaction output (UTXO). It isn’t only designed for leveraging the UTXO security, but it is also designed for enabling multiple virtual machines [Ethereum Virtual Machine (EVM) and x86 Virtual Machine (VM)]. It is a Proof-of-Stake (PoS)-based platform which boasts a Decentralized Governance Protocol (DGP). Smart contracts usage and specific blockchain settings modification are allowed. x86 VM is designed to support Python, Rust, C, C++, etc, according to the official website of Qtum.

Substantial amounts of disk space, bandwidth, etc., can be saved through a consensus algorithm called SCAR. Parameter adjustments on the blockchain can also be facilitated through the consensus algorithm. The blockchain protocol Unita uses the consensus algorithm, GlobeNewswire reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *