“Chinese Google” Baidu Uncovers Super Chain Blockchain Solution Which Could Solve Bitcoin Energy Issue
The Chinese Search Engine Giant, Baidu uncovered their new Blockchain protocol called ‘Super Chain’ which is aimed at reducing the energy consumption of mining Cryptocurrencies like Bitcoin.
According to a report from China News Weekly, the Chief Scientist of Baidu Blockchain Xiao Wei released their solution at a local conference recently.
This solution is aimed at solving the energy efficiency problem that Proof of work Blockchains like Bitcoin and Ethereum are facing with the help of pluggable consensus mechanisms that supports up to 100k transactions per second.
Compatible developer ecosystem of Bitcoin and Ethereum not only can insert and remove consensus mechanisms to solve the current energy consumption problem, but also supports single-chain support of 100,000 concurrents.
The internet giant had released its own BaaS (Blockchain as a service) platform back in January. Baidu had also released a Blockchain project in April on Digital image property rights. Many other Chinese giants like Alibaba are also actively working on Blockchain solutions.
Recently the Chinese president Xi Jinping also endorsed Blockchain and called it a “Breakthrough Technology”.
Chief scientist of Baidu (China's Google) blockchain releases X-Chain, a blockchain solution compatible with bitcoin and ethereum development ecosystem, with plug-able consensus mechanisms, supporting up to 10k TPS on a single chain. https://t.co/KPsGbTyZy4 pic.twitter.com/jsZW6xtqZ5
— cnLedger [Not giving away ETH] (@cnLedger) June 3, 2018
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