Drunix

Drunix Latest News

Recently, the National Payments Corporation of India (NPCI) rolled out the Drunix platform.

About Drunix

• It is an enterprise-grade distributed ledger technology designed to help organizations build and scale tokenization platforms, digital asset ecosystems, and multi-organization networks. 
• Drunix is a custom-built private blockchain framework designed to deliver high scalability and optimized performance.
• It enables blockchain deployment at scale and is engineered for enterprise and public infrastructure adoption.
• It is a high-performance distributed ledger platform built as an enhanced fork of Hyperledger Fabric.
  • Hyperledger Fabric is an open-source enterprise blockchain framework developed under the umbrella of the Linux Foundation.

What is Blockchain Technology?

• Blockchain, also known as Distributed Ledger Technology (DLT), is an emerging technology that facilitates the conversion of currency and various assets into digital formats for storage and management.
• Blockchain Technology Features

• • Distributed Ledger: The blockchain is a distributed ledger that exists on multiple computers simultaneously in a peer-to-peer network.
  • Immutability: Once data is written to the blockchain, it is extremely difficult to alter it retroactively. Cryptographic hashes help achieve this which improves security and trust.
  • Secured: Cryptography through hashing and digital signatures secures the blockchain network. It also provides participant identity protection through private/public keys.
  • Consensus-Based: For a transaction to be valid and added to the blockchain, all nodes must agree to its validity based on the existing rules of the network through a consensus mechanism.
  • Decentralised: No single entity or computer controls the network. Full copies of the blockchain reside on multiple computers in a decentralised manner.

Source: BS

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