What is the mapping of public chains (what does mapping of public chains mean)?

08/14/2023 13:10 • Digital Disruptors • 73 views

What is the mapping of public chains? What does mapping of public chains mean?

What is the mapping of public chains for cryptocurrency?

A public chain is a concept that combines Distributed Ledger Technology (DLT) and Decentralized Finance (DeFi). These two concepts are not new in the blockchain world, and they each have their own characteristics. For example, different networks like Bitcoin and Ethereum have their own consensus algorithms, but they all handle transactions in a similar way. On the other hand, public chains like EOS adopt “sharding” for processing transactions and even create new assets by redistributing block header data.

Currently, the most popular public chain project is EOS. The reason why EOS is so beloved is that its mainnet is already functioning well and has scalability, allowing developers to easily create their preferred public chains and interact with them. So why choose EOS instead of other EOS-based applications, without considering other public chains?

First, we need to understand a question: if EOS is a separate network, does it have the ability to completely replace EOS?

Essentially, the term “decentralized” sounds a bit strange: “I believe that no internet will effectively control user data.” Although EOS is not a trustless system, its security features are protected by private keys as the only credential on the private chain. “You cannot say that your digital representation represents shares or interests in a company, but they must recognize that this is a public service business, so we need to store all information in one place.” This is the so-called “public chain.” Secondly, this method is more suitable for those who want to do anything.

Furthermore, EOS is also suitable for non-smart contract applications, so there is no need to use a public chain for cross-platform fund transfer.

What does mapping of public chains mean?

In the world of cryptocurrency, a public chain serves as the bridge that connects blockchain networks.

When you want to create a new blockchain, it must be linked to another blockchain, such as Ethereum or Bitcoin. If you do not want to replace your public key pair with tokens from another public chain, you must do so by mapping the public chain. What does this mean? For many users, it is very difficult and cumbersome to choose their desired public chain for mapping. With the development of the internet and people’s increasing familiarity and preference for centralized systems and protocols based on distributed ledger technology, we can consider it as a more suitable and universal technical solution. What does “mapping” a public chain mean? It means allowing a public chain to connect to other blockchain networks (such as Ethereum), enabling it to support more assets. For example, Bitcoin and Litecoin are used for paying transaction fees. However, if Bitcoin does not upgrade to the latest version or an improved version, it may face situations like lost transfers.

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What is the mapping of public chains (what does mapping of public chains mean)?

What does mapping of public chains mean?

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