Block Convey
  • ⛓️Block Convey
  • Introduction
  • Blockchain Technology
    • Taxonomies of blockchain system architecture
    • Drivers & Enablers of Blockchain Technology
  • About Block Convey
    • Vision
  • Block Convey Blockchain Infrastructure
    • Existing Blockchains
    • Intra and Interoperability
    • Blockchain Trilemma
    • BlockConvey Blockchain
    • BlockConvey Protocol Components
    • Interoperability
    • Multi Party Computation
  • Network Topology
    • BlockConvey Network Distribution
    • Authority Node Network
    • Master Node Network
    • Light Node Network
  • Blockchain Consensus Mechanisms
    • Proof of Authority Consensus
    • Conditions for Proof of Authority Consensus
    • Limitations
  • Utility Token
    • Utility Token VS Security Token
  • Summary and Suggestion
Powered by GitBook
On this page

Was this helpful?

Summary and Suggestion

We have discussed the BlockConvey Blockchain Protocol, which satisfies the conditions of permissioned private blockchains, utility, and Proof of Authority consensus. The result is that BlockConvey is able to provide better solutions to individuals and businesses alike. The transactions in the blockchain are secure to the bounds that it is a private chain.

While we have confidence that the protocol is secure as long as the Authority nodes perform their function, we have taken together with the qualities that allow our network to function as a hast and low-cost global blockchain with well- understood security and reliability properties.

We believe BlockConvey represents a significant step forward for distributed blockchain systems. The low cost and latency allow for many types of applications previously made difficult or even impossible with other, higher latency consensus methods.

PreviousUtility Token VS Security Token

Last updated 1 year ago

Was this helpful?