What is the blockchain compound (blockchain nounce)?
The blockchain compound is a decentralized protocol that allows smart contracts
The blockchain compound is a decentralized protocol that allows smart contracts and off-chain systems to communicate without the need for trust in third parties. By connecting holders, recipients, and users of digital assets, it enables them to share information with external data transmission platforms and process transactions. Due to the programmability and distributed storage capabilities of smart contracts, this network can manage complex business processes in a decentralized manner. The blockchain compound is also known as a hybrid token. It is built on a data structure that records ownership and the transfer of value in an encrypted manner and is maintained and verified by an open network.
Blockchain nounce
According to Coindesk, blockchain nounce (also known as Nouns) is a decentralized autonomous organization founded by former Google and Amazon tech leader David Brinker. The project was initiated by Vitalik Buterin, a computer science and engineering PhD from Stanford University and the founder of Ethereum, and Peter Van Valkenburgh, a former researcher at the Bitcoin Foundation. It is reported that blockchain dounce will provide users with a fair opportunity to participate through its token economy system and help the community make optimal decisions: ensuring ownership of the protocol and not compromising the health of the network at any time.
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