Cypherium blockchain joins the Microsoft for Startups program with the aim of changing into part of the corporate’s blockchain-as-a-service, or Baa
Cypherium blockchain joins the Microsoft for Startups program with the aim of changing into part of the corporate’s blockchain-as-a-service, or BaaS, providing within the coming months.
Cypherium blockchain makes use of a mix of proof-of-work, or PoW, and HotStuff consensus algorithms. The latter can also be utilized by Fb’s Libra venture.
Libra retreating
In a Cointelegraph interview, Cypherium CEO, Sky Guo, mentioned that with the latest adjustments made to the Libra whitepaper, his venture is seemingly the one permissionless platform to make use of HotStuff:
“Additionally Libra initially deliberate to turn into permissionless within the subsequent 5 to 3 years. However not too long ago of their new whitepaper, they deserted that. So now, Cypherium seems to be the one permissionless HotStuff based mostly blockchain.”
Microsoft community
Discussing the advantages of the Microsoft for Startups program, Guo famous the significance of its community:
“They manage conferences and conferences with enterprise capital corporations and likewise enterprise shoppers. And in addition they join us with the Microsoft executives, so final time we had a web based convention with the Microsoft’s CTO.”
The company BaaS house is getting crowded as all of the tech heavyweights like Amazon, IBM, and Oracle have quite a few choices. But, Sky believes that Cypherium’s distinctive options make it a sexy addition to the Microsoft’s BaaS:
“Cypherium is the subsequent era Byzantine fault tolerant algorithm [BFT], and it options immediate finality. What’s distinctive is that it provides linear complexity, which means irrespective of what number of nodes within the community, it’s going to run on the prime velocity. Whereas the traditional BFT algorithms can solely scale to about 20 nodes and with extra nodes, it’s going to crash as a result of the communication is simply too advanced.”
In line with Guo, his firm has been in dialogue with numerous nationwide governments about the opportunity of utilizing the Cypherium blockchain. He seems ahead to exploring new use circumstances with Microsoft.
Lately, Microsoft reported that quarantined players had been straining its Azure cloud service, which serves as a spine to its BaaS. Hopefully, Microsoft has been capable of deal with these points.