Blockchain Savant Sunny King, Creator of Proof of Stake (PoS), to Remove Obstacles For Developers
Have you ever heard of Sunny King? He was the creator of PoS, a technology based on the supernode proof of stake, which is basically a consensus algorithm that the company is running. According to them, it has a success rate of 99.9% and can be able to produce a new block every four seconds.
VEE, the company created by King has the ambition to become a forefront for the of innovation in the digital asset economy. Now, the company has shared five milestones that will be used for 2019 and 2020.
According to the site of the company, VEE stands for Virtual Economy Era. Its main project is a blockchain database cloud that can be used for making decentralized apps that are complex and consume a lot of energy. Basically, the idea is to allow people to create blockchains on demand.
The idea of creating a blockchain on demand, according to the group, can help to lower the barrier of entry for creating blockchain products a lot. The vision of the team is that people should have the opportunity to have a better life by using the technology and the blockchain can offer a world that is more secure, flexible and open for people.
The Future of VEE
The main part of the announcement was that the milestones for the future of the company were set. Sunny King is the current chief architect of the company and he has affirmed that the first milestone will be the construction of the first completely full-featured blockchain database that can be used for the storage of object-oriented data.
Another goal is to help developers that are focusing on building their blockchain businesses so that they do not need to worry so much about code and similar issues. By having a good platform that can make almost everything that they need for them, they would be helping people who see in the blockchain a great business but simply are not coding experts.
Because of this, the second milestone set by the company is the creation of modular development functions and a cloud platform that is focused on having a great user experience. This, the team believes, could let anyone access the blockchain without being experts first.
The third milestone is all about smart contracts. VEE believes that the current smart contract models are “neither smart nor safe” and that they are very difficult to scale. Because of this, the company is currently vowing to create the next generation of smart contracts for its users.
These new smart contracts would support assets that are non-fungible and be more developed. The company has affirmed that “more details” would be unveiled only in 2019.
According to VEE, the fourth milestone is the full support for Enterprise Dapps, which are very similar to zero knowledge cryptography and to add privacy layers to the blockchain. This would ensure that the blockchain of the company is transparent at the same time that the data is private.
Finally, the fifth milestone is to create a new decentralized mobile internet network. The idea is to create a browser and tthen rely on many decentralized apps to create a mobile internet that can be fully decentralized. This is the hardest to achieve of all the goals, but let’s see how the company will fare in this matter.