More

    Web 3.0 Developer Blockstack Releases Plans For Decentralization of Governance

    Based in San Francisco, BlockStacks.io is a startup working in the stealth mode. BlockStacks.io team has combined the experience of 25 years of designing and developing enterprise services for companies like Google and Uber.

    They recently released plans to decentralize itself by building an ecosystem of similar entities to build a decentralized network.

     

    “We're determined to forge new paths and put in place governance structures that accomplish the goal of a robust and decentralized ecosystem,”

    co-founders Ryan Shea and Muneeb Ali wrote. However, the process to execute this goal will take time.

    BlockStacks.io supports multiple blockchain protocols including EOS, Credits, Hyperledger and Hedera Hashgraph. It eliminates the need to deploy various nodes and infrastructures to build the decentralized applications. dApps built on BlockStacks.io can save data on multiple blockchains with additional out-of-the-box utilities including KYC/AML, user management, notifications, and analytics. It is possible to build hybrid blockchain applications without building a backend and launching infrastructure for the backend.

    A user can walk away with their blockchain anytime they want, as no one owns the blockchain.

    dApps built on BlockStacks.io can scale easily as it is built using microservices architecture hosted on multiple cloud infrastructure including Google and Amazon AWS.

    “What Amazon AWS did to app development, we would like to do the same for blockchain dApps development”, says CTO Deepak Shokeen.

    In the pursuit of decentralization, BlockStack is going to make a non-profit foundation, an independent US entity, an independent Hong Kong entity, Blockstack PBC and signature Fund. Their goal with all these entities is to not have any overlap in control and to ensure that each entity can have its independent management and voice.The upcoming Stacks blockchain connects the entire ecosystem with individuals and entities having a shared interest in the success of the ecosystem.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,262FansLike
    2,707FollowersFollow
    4,079FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Chrysler Building's Blockchain Real Estate Owners To Sell Building In Zurich, $135M Cash & ERC20

    The current owner of the Chrysler building is offloading a property valued at around $135 million to a blockchain-based real estate firm. It’s expected...

    Crypto Wallet BRD Expands Core Business, Launches Enterprise Blockchain Service ‘Blockset'

    BRD, a Mobile crypto wallet services provider backed by Ripple as well as SBI Holding, has announced it is expanding to the enterprise sector...

    Ripple: Asia-Pacific Remittance Market Seeing Growing Demand And is Ripe for Digitalization

    APAC digital transfer and remittance market expected to grow by 24.2% from 2018 until 2025 But what’s astounding is the expensive services charging...

    Will Russia’s New Prime Minister Help Foster The Adoption Of Cryptocurrencies?

    The Russian Federation Prime Minister has made a call asking his country people to try and prioritize the development of the digital economy. RIA NOVOSTI,...

    Nationwide Survey: One-Third Of Small And Mid-Sized Businesses Accept Crypto Payments

    36% of Small and Medium-sized Business in the US offering Crypto alternatives for payment systems Newer business are more likely to take up...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.