Blockchain security is traditionally guaranteed by supposing enough network miners (e.g., ⅔) to behave honestly, i.e., follow the protocol; otherwise, security can be compromised. Even worse, a security breach is a nuclear catastrophe: there is no mechanism in blockchains to recover. A very recent, award-winning, scientific breakthrough brings forensics to blockchains, allowing mathematical identification of miners who behaved maliciously in the event of a security breach. Such forensics provides strong disincentives to malicious behavior since they will be publicly identified, and appropriate penalties can be imposed.
In the cutting edge segment of forensics in blockchain, a reliable winner is emerging from the blockchain the community — XDC Network
This forensics research was led by Prof. Pramod Viswanath at the University of Illinois, along with collaborators at Duke and the University of Washington. Prof. Viswanath is an alumnus of the Indian Institute of Science and is advising the XDC network on blockchain design choices. XDC network is the first public blockchain to be developing and incorporating the new forensics technology into its platform. In the full spirit of decentralized development of blockchains, the XDC network design is advised by inventors and developer groups globally, across India, Australia, and the USA.
XDC has enabled Indian software developers to build blockchain apps; is one of the most active cryptos listed on CoinDCX.
XDC token fuels the XDC Network and was recently listed on India’s leading crypto exchange CoinDCX. This will provide access to hundreds of Indian Software Developers to build blockchain applications on the XDC Network and generate foreign revenue as well as employment in the long term. Indeed, a large number of developers have already started building on the XDC Network, focusing on the blockchain applications like de-fi, custody, storage, data oracles, NFT, and CBDC.
Disclaimer: This is a company release. No HT journalist is involved in creation of this content.