PolkaDot Brings Multiple Blockchains into One Network by Unlocking Scalability and Extensibility
Bitcoin Press Release: Dr. Gavin Wood and Melonport collaborate to supply the first decentralized digital asset management infrastructure with a number of blockchains.
November 14, 2016, Walchwil, Switzerland – Melonport AG announces its collaboration with Parity (Ethcore) and its founder Dr. Gavin Wood to launch “Melon”, a ground-breaking software program for asset managers. Melon will be the 1st decentralized application on the revolutionary Polkadot multi-chain network.
The Polkadot concept by Dr. Gavin Wood, the founder of Parity Technologies Ltd and former CTO of Ethereum, will be explained these days in a large breakthrough paper. Polkadot is a multi-chain framework that supports interoperability between wildly different chains with diverse properties including encrypted proof-of-authority chains ideal for inner enterprise networks ( – as lengthy as they verify to specific specifications). For the really initial time in blockchain history, the distinct blockchains will kind one particular massive inclusive interoperable multi-chain network with pooled security.
Melon will provide the initial use situation — a fully decentralized blockchain infrastructure intended to give secure and consumer-friendly accessibility to handle or invest in portfolio comparable to hedge money. It goes beyond normal crypto wallets supplying a ‘rule set’ which forces specified elements into portfolios (e.g. efficiency calculations and trade restrictions) Melon also has a ‘modular’ element which allows room for opinion on issues like price tag feed sources, exchanges, management costs and so on.
The totally open source application for competitive and decentralized asset management options, Melon can be located on GitHub at the following link.
Melon will initially be targeted at folks hunting to set up and control crypto portfolios and develop their track records on it. The protocol makes it possible for for investing and redeeming in portfolios and will turn into a way for people to learn and obtain publicity to these crypto portfolios in an affordable and transparent style. As digital assets turn into a lot more mainstream, this protocol is expected to be adopted by far more traditional asset managers.
Dr. Gavin Wood, founder of Parity mentioned,
“We’re quite excited to be embarking on this path with Melonport. As a next-generation technologies which is capable to carry with each other open chains and enterprise chains, we feel Polkadot is uniquely suited to Melon’s use-situation and welcome the challenge of creating this technological innovation to fruition with open arms.”
Mona El Isa, former Goldman Sachs star trader and hedge fund manager who partnered with Reto Trinkler in founding Melonport earlier this yr mentioned,
“Traditional approaches of wealth preservation have supplied a very good service for a prolonged time but we have also seen their limitations. My knowledge collectively with Reto’s technical abilities has been quite complimentary. We believe that a collaboration with Parity will be very complimentary as effectively and will help make this thought even bigger.”
Reto Trinkler, a mathematician from a single of the world’s major university ETH Zurich who developed a revenue-making algorithm for sports activities betting exchanges in C++ while nonetheless at university said,
“We considered about this a good deal and we really want the Melon undertaking to be an open, collaborative effort. While we strategy to create a set of modules ourselves, we have structured our utilization tokens in a way that will reward developers. In this way, we believe we can long term proof development and collectively come up with the first ever blockchain protocol and application for asset management.”
Melonport AG, the private business behind Melon will facilitate a Melon token pre-sale accepting Ether contributions that will go in the direction of constructing Polkadot and Melon. Further data about the pre-sale will be offered towards the finish of the month.
About Melonport AG
Founded by Reto Trinkler and Mona El Isa, Melonport AG is a private company behind Melon multi-chain capable software program for asset management. The organization is primarily based out of Walchwil, Switzerland.
Find out more about Melonport at – https://melonport.com/
Discover a lot more about Melon at – https://github.com/melonproject/whitepaper/blob/master/melonprotocol.pdf
Melon’s code is available on GitHub at – https://github.com/melonproject/
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Melonport AG is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to customer protections. This press release is for informational purposes only. The details does not constitute investment tips or an offer to invest.
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