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openchain

Openchain is an open source distributed ledger technology. It is suited for organizations wishing to issue and manage digital assets in a robust, secure and scalable way. This platform gives the chance to know the confirmations of instant transaction & doesn’t any mining fees. It is secured through digital signatures and most suited for private blockchain.

Features of Openchain include:

1. Instant confirmation of transactions.
2. No mining fees.
3. Extremely high scalability.
4. Secured through digital signatures.
5. Immutability: Commit an anchor in the Bitcoin Blockchain to benefit from the irreversibility of its Proof of
Work.
6. Assign aliases to users instead of using base-58 addresses.
7. Multiple levels of control:
• Fully open ledger that can be joined anonymously.
• Closed-loop ledger where participants must be approved by the administrator.
• A mix of the above where approved users enjoy more rights than anonymous users.
8. Hierarchical account system allowing to set permissions at any level.
9. Transparency and auditability of transactions.
10. Handle loss or theft of private keys without any loss to the end users.
11. Ability to have multiple Openchain instances replicating from each other

Related work

Nxt.

Nxt is an advanced blockchain platform which builds on and improves the basic functionality of pioneering cryptocurrencies such as Bitcoin. Cryptocurrency and financial systems are the first widely used applications of blockchain technology, but the blockchain and its associated technology can be used for so much more.

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MultiChain

Multichain is an Open Platform to build Blockchain Applications. Multichain aims to remove perceived problems associated with bitcoin by limiting the visibility of the ledger to certain participants, allowing institutions to set controls on transactions permitted and by forgoing distributed mining. It is an extension of Bitcoin Core.

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Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.

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