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“Your next step to the blockchain”: release of the Exonum platform from Bitfury Group

Bitfury Group launches its own open source framework for developing Exonum blockchains, which will allow companies and government organizations to implement secure blockchain solutions.

The technology is planned to be used to validate election results and protect the copyright of content creators in the digital space. Exonum will help "translate" the system of public services in Ukraine in the blockchain-environment. And the platform is already used in Georgia, where the registration of property rights is implemented on the basis of Exonum.


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There are many solutions on the market that allow businesses to create their own distributed registries (DLT) or use this technology for their needs. However, DLT in its essence strongly resembles a distributed database, which lacks the security advantages offered by a real blockchain.

The history of a distributed registry can be rewritten by collusion of a group of nodes; moreover, such a system does not have the tools to conduct an automated audit. Exonum, in turn, is a solution for building an authentic and functional blockchain, ensuring security, transparency and controllability.

Exonum is a completely open solution, so not only the entire code library, but also the client software for managing the blockchain is available to users.

“Almost 2 years of in-depth analysis and testing of various blockchain concepts, and we are launching the platform. Exonum is the fruit of the combined efforts of our fantastic team of mathematicians and world-class scientists, talented developers and analysts.

Respecting the basic principle of openness and availability of the blockchain and bitcoin, we decided to make the platform open to all those who develop blockchain solutions to help governments and businesses unleash the most powerful potential of technology. ”

- Valery Vavilov, CEO Bitfury Group

Exonum is based on the Rust programming language - one of the safest PLs for today. At the same time, Rust is faster than Java, Go, C and C ++ and is constantly being improved .

The source code for the platform is in the project repository on GitHub . Additional information is available on the official Exonum website .

Exonum uses a special algorithm of the Byzantine consensus, which guarantees data security (even in case of knots failure due to malfunctioning or malicious activity) and does not require mining blocks. The algorithm allows the blockchain to process about 3 thousand transactions per second.

The Exonum platform also offers work with smart contracts in a corporate environment. Exonum's smart contracts, like Ethereum and Fabric, are the business logic added to the blockchain, but they have greater performance (and memory security thanks to Rust) compared to competitors.

Exonum is tied to a bitcoin blockchain, that is, periodically sends block hashes for inclusion in a supporting public blockchain in the form of transaction testimonials. To attack a network protected by binding to an open blockchain, attackers have to simultaneously overcome the mechanisms of consensus for the exclusive blockchain and for the supporting chain, which requires enormous computing power.

For the first time, the Exonum platform was presented at the RustFest 2017 conference, where the capabilities of the new framework were shown and a workshop on creating your own cryptocurrencies was held. We will present Exonum to the wide IT community at a series of conferences and webinars in the near future. Among the cities are: Amsterdam, Berlin, San Francisco, Beijing, Kiev , London, Washington and others.

Mitap developers and technicians " Exonum: Your Next Step to Blockchain " will be held in Moscow. July 18 (from 5.30 pm to 9 pm), on Tuesday, with the support of CROC. The event will be devoted to the practical application of blockchain solutions in various sectors: government, logistics, real estate, medicine and other areas.

Listeners will be able to get real-time answers to any questions from the first-hand accounts of Exonum developers, get acquainted with the platform's capabilities and see how a new cryptocurrency is created on its basis.

You can sign up for Moscow (July 18) and Kiev (July 20) mitapes here and here .

Source: https://habr.com/ru/post/333446/


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