Microsoft's cloud platform Azure has introduced a Proof of Authority (PoA) algorithm in its Ethereum blockchain products.
According to reports, the new Ethereum network algorithm will build decentralized applications (DApps) for private or affiliate networks in a "more effective" way, and "all consensus participants are well-known and reputable people."
Compared with the existing protocol on Azure-Proof of Work (PoW), the proof of authority algorithm is based on approved identities or validators on the blockchain and does not require competition when completing transactions.
The new Ethereum product on the Azure platform has many features to ensure its normal operation and security, such as identity leasing system, Parity's web-assembly support, Azure Monitor and governance decentralized application (Governance DApp).
The identity leasing system aims to ensure that when each member has a "redundant consensus node", no two nodes can correspond to the same identity. Even in the case of a virtual machine (VM) or interruption, the system can provide identity protection, so the new node "can quickly start and restore the authentication identity in the previous node."
Parity's web-assembly support aims to simplify the process of building smart contracts, enabling customers to write contracts in a more familiar language instead of using the existing Solidity programming language on the Ethereum blockchain. In other words, developers can now write decentralized applications in languages ​​such as C, C++, and Rust.
The Governance DApp aims to simplify voting and validator authorization in the process of participating in the alliance. Enabling this feature allows developers to hide all related data except objects to reduce complexity and improve efficiency.
At the same time, Governance DApp will also ensure that each alliance member can control their own keys, and then fully protect the signature on the user's chosen wallet.
Microsoft first announced the launch of the Azure cloud computing platform based on Ethereum at the end of 2015. Azure was established in 2010 to provide a global network of Microsoft operating data centers for the development, testing, deployment and management of applications and other services.
In June of this year, the R3 Blockchain Alliance announced that it has run a total of 45 nodes on Microsoft Azure together with 39 global financial companies and successfully tested the Know Your Customer (KYC) application.
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