WHY BITCOIN/BITCOIN CORE IS THE KING:
Bitcoin has the most established network, time-tested and most secure network but still, it is just a payment crypto, which some people also quote as e-gold. The world does not want to stop at e-gold but it wants to create new things with that e-gold. For that to happen, I was waiting for the day when something like Ethereum will be developed on Bitcoin and after a long wait, my dream came true in form of FAB.
FAB HELPS TO FLOW CREATIVITY IN ITS NATURAL PATH:
Water flows from a high potential to low potential and when it flows without any hindrance it looks beautiful. Same is for creativity. When creative energy flows its path without any hindrance it creates fascinating things. Parsing the Bitcoin code and learning it at code level is a hindrance for developers who want to create new dApps. FAB is removing this hindrance by its architecture which insulates developer from interacting with the Bitcoin code and develop dApps on its API.
Figure 1. shows the architecture of FAB. It’s a three layer design. The base layer is where all the records are kept, it consists of the Foundation Chain (Bitcoin Core) and Annex Chain. The middle layer is Universal Frameworks, which helps in keeping a uniform status throughout the network. It is achieved by FAB’s invented protocols like:
• KANBAN: It updates the status of transaction and addresses in every Chain.
• CCUA – Cross Chain Unified Address: These are addresses and protocols to allow for address states to be updated globally even when transactions are done on one Annex chain. This allows you to use 1 wallet only to transact on multiple Annex chains and the main chain
• CCSPV – Cross Chain Simple Payment Verification Protocol
• CCTIP – Cross Chain Transaction Interexchange Protocol
FIGURE 1: The FAB Architecture
Then the third layer is UNIVERSAL APPS layer which is synonymous to API. Developers will interact with only this layer and can develop all kinds of dApps on it. It supports Supply chain, medical service, Insurance, Finance, IOT, Identity and many other sectors.
FUTURE WITH FAB:
Playing soccer on a video game is completely different than playing outdoors. It’s a whole different game. Many upcoming blockchain projects promise to do new things and some of them are mind-blowing but it’s all a dream and a whitepaper and synonymous with playing soccer on a video game. Bitcoin has been out there for years and it has been exposed to all kinds of hackers and devil geeks but it rose above all and has never been hacked. This is such a precious value to have. But if someone wants to develop a dApp on it he/she has to understand the Bitcoin code and everything about it to develop something on it. That’s why developers prefer platforms which provide API like ETH, NEO. Right now the demand for blockchain developers is way more than the supply. And learning a new blockchain to develop dApp is a blockage which is preventing many developers to join this club. With FAB providing API on Bitcoin core, it is a no-brainer that developers will flock to this robust Blockchain and that’s why FAB is a game changer and it will grow with Bitcoin and will help the world grow together.