Microsoft Azure launches new BaaS-product that enables enterprises to use Ethereum, instead of relying on protective Protocol PoW, and, therefore, on mining. This is the blog of the company wrote a software engineer Azure Bourne Cody (Cody Born).
Instead, the product uses a mechanism called proof-of-authority. According to Bourne, this option is more suitable for networks with zero trust between parties:
“PoW works perfectly in open anonymous networks where security is provided by the cryptocurrency. However, for private/consortium of broadcast networks don’t matter”.
He continued, explaining that since all parties in the corporate blockchain by default have the credibility, management processes can be separated from the direct operation of the network.
The new product integrates Microsoft network application decentralized “Governance DApp” which gives all members of the network management authority and allows you to delegate them to others. The functionality of the program also includes an emergency voice transmission on the other, “intermediary” node. This ensures one hundred percent involvement of all participants in collective decisions.
Users with administrator permissions can also vote and single-handedly change the management structure within the network; thus, all changes are committed to comply with the conditions of transparency.
In addition, the Protocol Azure greatly simplifies the installation of the blockchain: using the consensus model, the network can establish a “five minutes”. Users will also be able to create smart contracts using familiar programming languages ( C, C++ and Rust) instead of Solidity thanks to the integrated support on the basis WebAssembly Parity.
This is not the first case when the Ethereum blockchain partially implements the Protocol PoA. At least two experimental environments, Rinkeby and Coven also used this type of protection.
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