Quorum

sahar78 (73)in PussFi 🐈 • 7 days ago

Assalamoalaikum

Greetings to you all!

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Quorum basically and open source version of Ethereum Blockchain protocol which is particularly developed by JP Morgan.Quorum design is providing most safe and private platform for all businesses for development and deployment of applications that are based on blockchain.

There are multiple features of quorum that we should keep in mind because these features are distinguishing features from public ethereum network. Providing more privacy in transactions ,providing more scalability Providing more efficiency in performance all are important features of quorum as well as it also supporting different consensus algorithms in which raft QBFT and IBFT are common.

Quorum also have ability of supporting transactions that are private.Quorum is permitting business for keeping there all transactions privately but we see that at public ethereum network all transaction can be seen by everyone as they are visible.Quotum utilise zero knowledge proof and homomorphic encryption method for achieving these things.

In supply chain management systems its an also be very useful for development of transparency and security.As an outcomes it can be very easy for tracking movement s in goods verification of authentication of good and ensuring compliance with regulatory needs.

Quorum is particularly designed for providing a lot of scalability in performance which make it most suitable for applications that are large scale.Architecture of quorum is particularly design for supporting high throughput of transactions with low level of latency and faster block times.So in case aap business nudes high performance blockchain capabilities then quorum is an ideal choice for them

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Quorum is also useful for development of safety and efficient trading finance systems because businesses may have ability of automation of trade finance related all processes which leads to decrease in cost and increase in transparency overall so this is also one of the most important benefit.

Quorum is also important for verification of identification of everyone because we have already talked about private transactions for keeping them confidential so give to this reason this is an ideal platform for everyone for verification of Identity. Businesses can create secure verification system for protection of private information of users with quorum.

Future of Quorum seems to be very promising according to my personal knowledge on it with a growing community of developers and businesses which adopt platform.The demand for secure and private blockchain solutions are continuing for growth so quorum is well established for meeting demands and for becoming a successful enterprise blockchain platform.

In conclusion I can say that Quorum is most powerful and flexible platform which is providing safest, scalable as well as private environment for businesses for building and deploying applications which are based on blockchain.Finally I have also discussed some of its use cases with examples so that all about today's discussion...