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23/12/18 07:00 UTC-4

The Parity Technologies Company will release a new blockchain-tool called Substrate

Parity Technologies has released Substrate, a tool that allows users to create custom block chains for decentralized applications – as reported by CoinDesk.

As it became known, the firm announced on Tuesday that the Substrate tool is now available as a beta, adding that the open source technology was designed to be "as universal as possible." The universality of the application is necessary in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
to provide flexibility in designing blockchains for different purposes.

 

Advantages of the new Substrate blockchain-tool

From the developers' statement, the included API will allow users to create their own matching mechanisms, or they can use already existing consensus algorithms. Substrate is integrated with the Polchadot interaction protocol, and is written in the Rust programming language. Also due to the implementation of JavaScript, the tool can work in web browsers.

Gavin Wood, Ethereum co-founder and founder of Parity Technologies: "Substrate is built on lessons learned from the creation of Ethereum and Polkadot, and brings them into a toolbox that allows you to get all the same priorities, but in a more advanced way."

With a presentation at Parity Technologies, Substrate is currently licensed under the GNU General Public License (GPLv3), but it is planned to switch to the Apache 2.0 open source license for maximum flexibility for developers.

"(...) you do not need to know everything. You do not need to do everything to develop a new blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
, but you can only do that part of the chain that is needed for a specific domain. The Substrate chain has its own parameterization and its own functions that allow you to perform a certain part of the work."
– Gavin Wood.

Recall that for the first time, Parity Technologies announced the release of Substrate in October at the Web3 summit in Berlin. Now Parity Technologies has presented a new Substrate blockchain-tool, but the exact date of the start of the operation of the tool is unknown.

Editor: Pereyidenko Ihor

See also: ""Tokenization" of real estate on the Blockimmo Swiss platform"

#Substrate #Parity Technologies #blockchain #Ethereum

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