- 1 Vassily, What is the Blockchain, and What are its Advantages? Vassily Buzuyev: It should be pointed out right at the beginning that blockchain technology allows you to record and store certain information about projects, deals, and transactions safely. This means that we guarantee the inviolability of real estate recorded to the relevant Ledgers.Sponsored Links It’s my firm belief that security is provided by the use of several mechanisms: The first mechanism is the digital signature of the object, called a “hash.” These digital signatures are the result of a hash function, the components of which are the object itself and the hash of the previous record. If at least one of the records changes, the digital signature of the corresponding object will change and the entire subsequent chain of dependent signatures of the following objects will be destroyed. The consequence of such an organization protocol is to provide a digital signature, a clear temporal sequence of records for all objects and transactions. The second mechanism provides control to the owner, over his records through the mechanism of an asymmetric key pairing – “private-public.” The third mechanism is the duplication of registries on a large number of nodes throughout our network via synchronization tools. I have little doubt that in our utilization of the blockchain, a robust security system is built, which provides protection from unauthorized access. None of the network users have access to protected objects. Such objects are only accessible for certain services and software components, rarely – for the project supervisor. Nevertheless, even in this case, we share the master key between several administrators. That is, one person enters one part of the key, the second part of the key is entered by the second person and so on. The main advantage of blockchain technology is the high level of security. There is no such place in the system, which could facilitate the destruction of all data if destroyed. If one node is destroyed, then the system does not lose its functionality, and thus retains its survivability. What are the Capabilities of the METRUMCOIN Cryptocurrency?
- 2 Why is eMarketplace for Real Estate Useful? How Does it Work?
- 3 What is the Purpose of METRUMCOIN Platform’s Intelligent Adaptive search?
- 4 How do Regional Clusters provide Durability of the METRUMCOIN System?
- 5 How are Business Processes carried out on the METRUMCOIN Platform?
- 6 What is iDEALS about?
- 7 What is the Innovative Nature of the METRUMCOIN Project?