What is the blockchain BAS platform (have you heard of BAS blockchain)

08/06/2023 02:19 • Blockchain Briefs • 52 views

According to official sources, the blockchain bas platform is a distributed commercial application built on blockchain technology. It can provide developers with a secure and trustworthy underlying infrastructure service platform. Through the operation and maintenance of this platform, more enterprises or individuals can use the decentralized, open, and anonymous features of blockchain technology to achieve automated business operations, thereby reducing costs, improving efficiency, and promoting socio-economic development

Have you ever heard of BAS blockchain

Editor’s note: This article is from Fengchao Caijing News (ID: fengchao caijing), authored by Kyle, and reprinted by the Daily Planet with authorization With the rapid development of blockchain technology, is a project called “BAS” trustworthy? According to media reports, the question of ‘Have you heard of BAS blockchain?’ has attracted everyone’s attention. So what is the actual application scenario of this project and what changes can it bring? At present, it seems that the project has been favored by the market. However, unlike Bitcoin, the current Ethereum network is still in the process of expansion, so developers are not clear about the upper limit of block height. The “BAS” project is a new blockchain protocol that uses a consensus algorithm called BFT for transaction verification and settlement. It is run by a network of independent nodes, which means that if someone who is not involved upgrades the system through a certain code, it can be changed to a completely decentralized approach. But this model has drawbacks – only validated and executable blocks are secure; After these forks are completed, no one else is needed to maintain the blockchain, making it difficult for users to change their block size. In addition, issues such as transaction failures due to asynchronous and tamper resistant data in smart contracts are becoming increasingly prominent. According to Blockchair data statistics, over the past two years, there have been an average of over 500000 transactions per day occurring within the same time period and processing 10 blocks per second. Nevertheless, for most investors, they are still not very familiar with the operation of BAS projects, as well as their mechanisms and advantages and disadvantages: “Applications built on BSV are much better than applications built on EOS.” In fact, in 2017, many people attempted to mine using basecoin, but later found that it was not successful, and several surprising new concepts emerged, For example, the so-called “no gas fee” (non custodial) and other Cryptocurrency payment platforms. However, this is not the case. At the beginning of last year, a person named “The Daos Founder” claimed to be a Dapp without gas fees, with the goal of allowing users to quickly create their own tokens without any need for operation. However, with the arrival of 2019, more and more funds began to pour into such public chains and use them as the underlying architecture In mid-2017, there was also a piece of news that sparked widespread discussion, believing that this was an innovative solution. Some people say that projects like btc.com may become one of the next generation blockchain platforms, and even may launch their own side chains, similar to Bitcoin’s Lightning Network, but they have not made an accurate prediction before the end of 2018. On January 28 this year, the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), announced that it had officially launched a distributed ledger service product based on Ethereum. Coindesk once analyzed that “the service provides a simple and easy-to-use interface. Users can directly connect to wallets, send digital assets, or store private keys,” although the company did not publicly provide specific details However, in a recent interview,

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What is the blockchain BAS platform (have you heard of BAS blockchain)

Have you ever heard of BAS blockchain

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