Blockchain database open source
Just two simple steps to create a new blockchain, and three to connect to an existing one. Deploy unlimited blockchains per server for cross-chain applications. Issue millions of assets on a blockchain, all tracked and verified at the network level. Perform safe multi-asset and multi-party atomic exchange transactions. Create multiple key-value, time series or identity databases on a blockchain. Ideal for data sharing, timestamping and encrypted archiving.
Optionally control who can connect, send and receive transactions, create assets, streams and blocks. Each blockchain is as open or as closed as you need. Designed to let developers build blockchains and applications with minimum hassle. Supports multisignatures, external private keys, cold nodes and admin by consensus. Instead of one single central ledger, each organization controls their own Openchain instance.
Instances can connect to each other. Different transactions will be validated by different authorities depending on the assets being exchanged. Every asset issuer has full control on the transactions relevant to that asset. More efficient Openchain is more efficient than systems that use Proof of Work: Openchain uses a client-server architecture which is more efficient and reliable than a peer-to-peer architecture.
There is no miner, transactions are directly validated by the asset administrator. Since there is no miner, transactions are instant and free. Modular design Validators validate and store transactions. Observers receive a read-only copy of the ledger. They do their own validation of the ledger and store their own copy. Clients and wallets connect to validators to submit digitally signed transactions. Smart contracts are independent actors receiving and sending transactions according to arbitrary business logic.
Gateways create 2-way pegging between two Openchain instances. They can also peg the Openchain instance as a sidechain of the Bitcoin Blockchain. What are the use cases? Openchain is a generic register of ownership. It can be modelled to work with an immense number of use cases: Securities like stocks and bonds, commodities like gold and oil, currencies like the Dollar or even Bitcoin. Titles of ownership like land titles, music or software licensing.
Gift cards and loyalty points. Try the wallet Because an Openchain node exposes a simple HTTP endpoint, it's easy to build a wallet or client application, but we are providing a basic open source wallet for testing purposes. Try the basic Openchain wallet. Connect to the development server provided by Coinprism, or see below to spin up your own server.
Create your own server instance It only takes a few seconds to spin up a new instance of Openchain server. Create an instance, and use it to issue your own digital asset, and distribute it to people.