What does regional chain mean

What does regional chain mean? Regional chain is a blockchain technology that can connect multiple business systems. For example, companies conduct data transmission and transactions through their own networks. Due to the fact that these operations are carried out between different blocks, different numbers of network participants are required to complete this task In the field of blockchain, forking is one of the common practices: to make the overall efficiency or performance of a system higher or lower; If a system is unable to handle more transactions or generate new data (such as smart contracts), other development teams can also adopt a branch structure to reorganize them. Therefore, division is actually called “reorganization”

What is a regional chain

In the field of blockchain, there are currently three key components: public chain and private chain. And these components are:

1. Consensus mechanism: determining the interests of block producers or verification nodes through estimation and calculation of block height 2. Contracts: Write block information into the main chain in the form of smart contracts 3. Application scenario (Use case): DApp developers and projects based on distributed ledger technology

4. Privacy Protection (InterPlanetary File System: IETF) aims to solve the contradiction between digital currency and real-world data security. (Star Daily note: A recent report by CipherTrace states that every transfer on the Bitcoin network requires a certain amount of data to be stored as proof.). Therefore, these two issues make Bitcoin a more suitable encryption asset for daily use But if we look at several other concepts, such as “sharding”, which is an extensibility protocol, it is actually a separate analogy. This definition can be used as an expandable term, where “layering” refers to the process of breaking down all transactions at different levels into different levels for processing, and interacting with each other based on each part, in order to achieve the goal of decentralization For example, if a group of users has over 1TB of information, what technologies are they using? One of the most obvious examples is Ethereum. Although Ethereum has its own side chain, due to the limited network performance of Ethereum, Ethereum cannot support more kinds of applications. So how can the various industries within the Ethereum ecosystem achieve synergy? It’s actually quite simple – even large technology companies like Microsoft are starting to explore building their own alliance chain. However, over time, more and more teams are choosing to establish new blockchain systems to further drive this innovation

In order to make Ethereum successful and enable more people to adopt blockchain technology, developers must find a set of methods to create a new business model and the solutions that should exist under this model An interesting aspect here is that over the past year, many blockchain technologies have been widely accepted, and some cryptocurrencies, including Ethereum, have also been on the rise, reaching nearly $100000 from the beginning of the year to the present However, at the same time, many new technologies have emerged, such as the payment functions being launched by cross-border payment platforms such as PayPal. They are all trying to leverage existing payment infrastructure, such as Polygon. These services are provided through the Polygon network. PolygonNetwork is one of the world’s leading distributed financial infrastructure, which not only provides complete security and low-cost bank level products and services, but also can be used for other commercial purposes, such as payment gateways.