What is Knowchain?
This is a simple dual layers blockchain that powers decentralized Applications with Smart Contracts and Additional Information of blockchain users.
Knowchain secure the transaction on blockchain by adding a second layer that can store others information regarding to the data of the senders, the receivers and so also the transactions, starting from the identifications of parties in the transaction to the appendix attached into it. The other information in the second layer on the knowchain helps the transaction to be as same as in real world.
Knowchain as a problems solver
User are presently being confronted on the blockchain with the problem of privacy leakage, duplication of users and re-use of data or information as well as inability of user to interact properly on the chain because the present transaction systems of blockchain network support little information with less than adequate privacy security. Knowchain was developed to proffer solutions and address all these mentioned problems.
Key Features of Knowchain
Among the general features of knowchain are;
-It is a decentralized and secured network that prevents data leakage.
-It allows for the introduction of a new decentralized network that enables users to
Add their information to blockchain and connect them to their transactions by
Smart contracts.
- Only parties involved in the transaction have access to the data, this is possible through the blockchan protocol and advance cryptography technology that secured the network.
In summary, knowchain has come to be a blessing and fill the missing gap in the existing challenges users has been facing on the blockchain through it dual layer which ensure optimum security and timely data processing.