The spread of cryptocurrency in our world today is like wildfire. Even, you might be shocked to learn that your grandma already knows one or two things about cryptocurrency. The underlying technology behind this cryptocurrency is the blockchain technology. A typical cryptocurrency is built on what is known as “Distributed Ledger Technology” , and this is what the WABnetwork uses.

The outset of crypto has many people to know the several possibilities inherent in the blockhain.. Its transformation of a ‘centralized’ financial world to a decentralized one is one of the keynotes. This, perhaps, is a reason why people embraced its technology so well and heartily. If only that was all there is to blockchain; but, no! Blockchain has been diversified into many aspects of life and platforms. Today, we have countless DApps, and many other decentralized services in different sectors of the world. Thanks to blockchain!

Since cryptocurrency is taking a run at becoming a prominent asset in the world’s financial market. It is therefore important to make sure that the foundation — blockchain — is made as user-friendly and extensible as possible. This may require much skill, expertise and creativity on the part of the developer. And this is what the WABnetwork stands for in this age.

Upgrading blockchain networks

The blockchain features a peer-to-peer network distributed ledger. That is, all nodes within a network must be actively involved in records being taken on a blockchain. Whenever a new block is to be introduced, every node validates and agrees to the set of information in the previous block. This is quite tedious; and it also makes it impossible for individual nodes to carry out any operation without the others.

This is also different from traditional networks. There is some measure of independence in this case; and it is not difficult to validate transactions too. For example, corporate organizations do have bank accounts as well as signatories to the accounts. They do not need all the members of the corporation to be signatories. Instead, they would use 2 or 3 persons. In blockchain technology, all members would be needed.

Some of the factors that determine the formation of new blocks (extension of the blockchain) are as follows:

Validation by all nodes within a network

Verification; and the correctness of the verified information.

There are two major types of upgrade that can be carried out on the blockchain. They are:

Extensive upgrade which involves an addition of a new block with a unique set of information that differs from the previous blocks. Also, the pre-existing information is retained. These different sets of information are useful depending on what the developer is trying to achieve.

Extensive upgrade is carried out to allow for the introduction of new features to enhance security and/or performance. It achieves this without any interruption to the pre-existing features. Restrictive upgrade: In this case, the pre-existing sets of information are restricted, also to suit the needs of the developer. The new set of information validated in the new block is not blended with those of the previous blocks. This characteristic differentiates it from the “Extensive upgrade.”

The ‘Restrictive upgrade’ approach helps to shoot up the performance of the blockchain network and to also promote security.

Why WABnetwork is a User-friendly Blockchain

Simplify Access

Access or ease of use is one key ingredient to promote friendliness between people and their environment. Furthermore, blockchain technology introduces many features that are different from the traditional system of doing things. Truly, many people are accustomed and love the traditional way of doing things. But, as they get introduced to WAB, only they realize that complex things can be made simple. A user-friendly blockchain would, therefore integrate desirable traits in the traditional methods. Allow for Mainstream Adoption

Let us consider the Apple’s app store. From 2008, it has allowed millions of app developers to develop apps for public access. Over the years until now, the number of Apple’s app users is numbered in billions. Imagine what store of wealth was created for the Apple community just by making it easy for young and intelligent developers to develop apps for others to use.

Similarly, on the WAB decentralized blockchain platform, implementing a friendly user interface is expected to promote the eventual mainstream adoption of the novel technology. It will also enhance liquidity; and, hence, enable the transfer of value within the crypto ecosystem.

WAB Blockchain Extensibility

The capacity for extensibility is a feature that the WAB blockchain is programmed to do itself. The blockchain is not built like beverages in a tin. No! They are built in a way that one block keeps adding up to a prior block (all things being equal). The normal procedures of block validation, mathematical problem solving and others are not always omitted.

There is a program called the EDP (Extensible Blockchain Protocol) that makes it easier to extend the blockchain. The protocol works on a consensus among the nodes. These nodes then dynamically modify the maximum block size that can be accepted. The following should be done to successfully extend blocks: flag the blocks, update the consensus rules, validate the blocks and store the updated consensus rules.

In view of the need to develop updates, make modifications where necessary and enhance the responsiveness of WAB, we are committed to taking note of community members and the views they express.

Conclusion

The blockchain community is on the verge of winning. It has become so relevant in every sector of the world — health, security, financial, economical, gaming, and so on. We must make it as appealing as it is useful to the general public. Therefore, we must devise ways to make transactions easier and friendlier for users of the blockchain technology. WABnetwork is a on the journey to making blockchain possibilities a commonplace reality.

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