Microsoft unveils Coco: blockchain protocol technology

Microsoft launches Coco Framework - a blockchain protocol technology 
11 August 2017   2048

Microsoft, an American multinational technology company which develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services, announces the Confidential Consortium Framework, a technology that strives to make blockchain systems quicker and more secure.

Thus, according to the report, the Coco Framework will include Ethereum, R3 Corda, Intel’s Hyperledger Sawtooth, and JP Morgan’s Quorum.

Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business. Microsoft is committed to bringing blockchain to the enterprise. We have listened to the needs of our customers and the blockchain community and are bringing foundational functionality with the Coco Framework. 
 

Mark Russinovich
Chief technology officer of Azure at Microsoft

However, the Microsoft team draws special to the fact that the Coco Framework is not a blockchain itself and it is not tied to Azure, Microsoft’s cloud computing service.

According to the Coco Framework white paper, “enterprise-ready blockchains networks” will deliver many benefits including:

  • Throughput and latency approaching database speeds.
  • Richer, more flexible business-specific confidentiality models.
  • Network policy management through distributed governance.
  • Support for non-deterministic transactions.
  • Reduced energy consumption.

The Coco-enabled blockchain networks now can achieve transactions speeds in excess of 1,600 transactions per second. 

OKEx to Launch OKChain Based Decetralized Exchange

Great role in the upcoming exchange will be played by OKB coin, which will be trasfered to OKChain as soon as its development finished
22 March 2019   108

OKEx cryptocurrency exchange will launch a decentralized trading platform on its own blockchain.

Currently, the OKChain blockchain is in the final stages of development, and its test network may be launched as early as June 2019. When the OKEx blockchain becomes stable enough, it will transfer OKB to it, which will then perform the function of the native OKChain token and be used to pay commissions, as well as in its own decentralized network applications.

The primary purpose of OKChain is to launch the OKDEx decentralized exchange, where the OKB token will be used to participate in presales. In addition, project teams will use OKB tokens to pay the service fee to the super nodes of the network.

While the total volume of OKB emissions is 1 billion, 300 million tokens are in circulation today, and 700 million remain blocked. Of this number, 300 million OKB will be distributed to users through the loyalty program, and 400 million belong to the OK Blockchain Foundation and the exchange team. However, for a more efficient formation of the OKB ecosystem, the blocking period of these 700 million tokens will be extended from 2020 to 2022, writes OKEx.

In addition, OKB will be the only token to be accepted during the initial exchange offerings (IEO) on the OK Jumpstart platform, announced earlier this month. According to the company, it is currently negotiating with various projects and will soon announce the launch of the first IEO on OK Jumpstart, for which investors will be admitted who have passed personal verification and have OKB tokens in their accounts.