{"id":10915,"date":"2021-01-06T03:30:00","date_gmt":"2021-01-06T03:30:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/01\/06\/the-innovation-of-likelib-2-0-redefines-public-chain-technology\/"},"modified":"2021-01-06T03:30:00","modified_gmt":"2021-01-06T03:30:00","slug":"the-innovation-of-likelib-2-0-redefines-public-chain-technology","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/01\/06\/the-innovation-of-likelib-2-0-redefines-public-chain-technology\/","title":{"rendered":"The Innovation of LikeLib 2.0 Redefines Public Chain Technology"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n                            <!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p>MINSK, REPUBLIC<br \/>\nOF BELARUS &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 6 January 2021<b>\u00a0<\/b>&#8211;<b>\u00a0<\/b>LikeLib is a<br \/>\ncommunity-based open source blockchain project that uses blockchain technology<br \/>\nand digital identities to digitize and informatize assets; use smart contracts<br \/>\nto automatically manage assets and information to achieve a diversified network<br \/>\nof &#8220;smart economy&#8221;. <\/p>\n<p>\u00a0<\/p>\n<p>The ecosystem joins the<br \/>\nmajor communities around the world to participate, and is committed to linking<br \/>\nall with an open mind, thus building a decentralized network that can expand<br \/>\nand achieve multi-party collaboration and win-win in real business society.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib public chain team<br \/>\nleader Mr. Thierry, operations director DIma, and technical general counsel Ms.<br \/>\nOlga. All of them have very strong technology and business background.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib&#8217;s core members<br \/>\ninclude Technical Director Mr. Renia, Mr. Yevgeny, Technical Director Daniel,<br \/>\nSoftware Engineer Oleg, Sergey, Dennis, Business Analyst Mr. Andre, Ms. Tania<br \/>\nand the community technology development team Ms. Julia Palamarchu, Maksim<br \/>\nHryhoryeu, Daniel Harapko, Anre Ku, Alexey Nekrasov, Alex, etc. have many years<br \/>\nof experience in relevant positions in Dublin internationally, as well as<br \/>\nabundant professional knowledge and skills.<\/p>\n<p>\u00a0<\/p>\n<p>Some ecological applications<br \/>\nof LikeLib blockchain include:<\/p>\n<p>1. The best solution<br \/>\n(Biteacon)<\/p>\n<p>Biteacon is a browser that<br \/>\ninteracts with the LikeLib ecosystem, which can help users explore other<br \/>\nnetwork-related information such as its blockchain and transaction volume.<\/p>\n<p>2. The best smart contract<br \/>\n(Supplike)<\/p>\n<p>Supplike is a platform with<br \/>\nbuilt-in embedded supply chain builder based on LikeLib blockchain. With the<br \/>\nbuilt-in builder, you can easily design and deploy the supply chain, assign<br \/>\nroles and use it easily, and create code-free solutions for the supply chain<br \/>\nthrough mobile apps.<\/p>\n<p>3. The best solution<br \/>\n(LikeLib Analytics)<\/p>\n<p>LikeLib Analytics is the<br \/>\nLikeLib blockchain browser and analysis platform, indexing all blockchain data<br \/>\nthrough the big data pipeline and disclosing data and indicators through API<br \/>\nand WEB applications.<\/p>\n<p>\u00a0<\/p>\n<p>On this basis, the<br \/>\n&#8220;blockchain + edge computing&#8221; IoT management system, the research of<br \/>\nthe electronic degree certificate management method of the alliance chain,<br \/>\nrelay cross-chain technology, channel state differential information vital<br \/>\nsigns detection algorithms, research on people counting methods based on WiFi<br \/>\nperception, Internet of Things architecture for electrical fire monitoring of<br \/>\nancient buildings based on edge computing, and multi-field and<br \/>\ninterdisciplinary expert selection algorithms for multiple project ecology and<br \/>\nalgorithm system applications have been successfully developed in the LikeLib<br \/>\npublic chain main network.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib 2.0 provides a more<br \/>\nsecure and stable blockchain service, which covers data connections, hybrid<br \/>\nstorage, cross-chain technology and other core modules with independent<br \/>\nintellectual property rights, which can quickly build solutions for typical<br \/>\napplication scenarios.<\/p>\n<p>\u00a0<\/p>\n<p>The newly-released 2.0<br \/>\nsystem will not only reduce transaction program fees, but will also cause block<br \/>\nchain replication forks and increase transfer transactions. The average<br \/>\ntransaction value can be allocated between operational interruptions. Compared<br \/>\nwith the previous version 1.0, the transaction volume has steadily increased to<br \/>\n10,000 transactions per second, and the transaction speed is about 10,000 TPS.<\/p>\n<p>\u00a0<\/p>\n<p>In terms of supporting smart<br \/>\ncontracts, interchangeable consensus mechanisms and distributed storage<br \/>\nnetworks, the blockchain consensus mechanism can be replaced according to<br \/>\ndifferent factors (such as transaction volume), and a distributed storage<br \/>\nnetwork based on IPFS can store a large amount of data outside the chain.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib2.0 fully uses<br \/>\ndatabase fragmentation technology. Only a small part of the input transactions<br \/>\nneed to be processed, and a large amount of verification work can be completed<br \/>\nthrough other conventional parallel processing on the network.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib uses Bridges<br \/>\ntechnology, which is a blockchain interoperability technology specifically used<br \/>\nto make the LikeLib ecosystem cross-chain compatible with external blockchains<br \/>\n(such as Ethereum).<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib cross-chain bridge<br \/>\ntechnology allows cross-chain assets and information exchange between the main<br \/>\nnetwork and each project ecosystem, like the axis connecting various islands.<br \/>\nThe LikeLib blockchain network realizes cross-chain through bridges, which<br \/>\ngreatly promotes the large-scale assets of ecological projects such as Bitcoin<br \/>\nand Ethereum, and the real market liquidity of information. The advantages<br \/>\ninclude multi-signature technology\/ring signature technology\/hash locking<br \/>\ntechnology. <\/p>\n<p>\u00a0<\/p>\n<p>In addition, LikeLib2.0 also<br \/>\nuses Lightning Network transactions and zero-configuration transaction<br \/>\nchannels.<\/p>\n<p>\u00a0<\/p>\n<p>The existing hosting<br \/>\nsolutions on the Lightning Network only manage their users&#8217; funds on one or a<br \/>\nfew, and they will not use one channel with each user. Instead, keep an<br \/>\ninternal private ledger to record when the funds belong to the user.<\/p>\n<p>\u00a0<\/p>\n<p>Earlier we mentioned the<br \/>\nring signature technology in the LikeLib2.0 cross-chain bridge. The ring<br \/>\nsignature is named because a certain parameter implicit in its signature is<br \/>\ncomposed according to certain rules. Many of the schemes proposed later do not<br \/>\nrequire the structure of the signature to be a ring, as long as the formation<br \/>\nof the signature satisfies the spontaneity, anonymity and group<br \/>\ncharacteristics, it is also called a ring signature.<\/p>\n<p>\u00a0<\/p>\n<p>The security of the ring<br \/>\nsignature technology scheme is quite high, such as: unconditional anonymity,<br \/>\nunforgeability, unconditional anonymity of the signer, and the signer can<br \/>\nfreely specify his own anonymity range, forming a beautiful ring logic<br \/>\nstructure, which can realize group signatures The main function of but does not<br \/>\nrequire trusted third parties or group administrators.<\/p>\n<p>\u00a0<\/p>\n<p>Ring signature is a special<br \/>\ngroup signature. There is no trusted center and no group establishment process.<br \/>\nFor the verifier, the signer is completely anonymous.<\/p>\n<p>\u00a0<\/p>\n<p>Theoretically,<br \/>\nzero-knowledge proof can prove something to everyone else without exposing any<br \/>\nproprietary, and the generated proof is small in size, the verification cost is<br \/>\nvery low, and it has nothing to do with the amount of calculation that needs to<br \/>\nbe proved.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib2.0 uses the<br \/>\ngeneration algorithm (G) to generate public parameters for the proposition, the<br \/>\nproof algorithm (P) to generate the proof of the satisfiability of R1CS, and<br \/>\nthe verification algorithm (V) to verify the proof and other technical methods<br \/>\nand means to finally generate the proof. It can be proved that there is a<br \/>\nsecret value reset equation satisfied without revealing the secret.<\/p>\n<p>\u00a0<\/p>\n<p>LikeLib2.0&#8217;s &#8220;decentralized<br \/>\nand distributed&#8221; technology means that all information is publicly recorded on<br \/>\nthe &#8220;public ledger&#8221;, and can only be entered and cannot be modified, so that<br \/>\nthe complete copy of the blockchain includes each executed action, so About the<br \/>\nvalue belonging to each active address (account).<\/p>\n<p>\u00a0<\/p>\n<p>The overall situation has<br \/>\ncontinued to iterate for thirty years, and only then has today&#8217;s prosperity<br \/>\nbeen achieved, and only then has &#8220;Internet +&#8221;. If you still have<br \/>\nconfidence in the blockchain, perhaps you should give it more time. The LikeLib2.0<br \/>\npublic chain system has already given the blockchain a gratifying answer in<br \/>\n2020.<\/p>\n<p><b>\u00a0<\/b><\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/release.php\/View\/60557#Contact\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MINSK, REPUBLIC OF BELARUS &#8211;\u00a0Media OutReach\u00a0&#8211; 6 January 2021\u00a0&#8211;\u00a0LikeLib is a community-based open source blockchain project that uses blockchain technology and digital identities to digitize and informatize assets; use smart contracts to automatically manage assets and information to achieve a diversified network of &#8220;smart economy&#8221;. \u00a0 The ecosystem joins the major communities around the world &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/10915"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=10915"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/10915\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=10915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=10915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=10915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}