According to the latest news, BitCherry Testnet is expected to be done in late November. The first version of the Testnet will be achieved, and it will include：transaction,smart contract building, blockchain explorer, developer tools, and so on. Currently, BitCherry’s popularity continues to rise. This article will help everyone to sort out the history of BitCherry project development, share distributed business concept of BitCherry to every friend already and prepare to invest.
Let’s go back to 2019, blockchain industry has become increasingly standardized, social awareness has improved significantly, and blockchain industry has entered a period of rapid development. However, despite these statements, there were still many disadvantages in the development and application of blockchain technology and various industries.
For example, the security problem of blockchain was becoming more and more prominent, and the key technology of blockchain needed breakthroughs. The blockchain industry needed to be deeply integrated.
Based on this, BitCherry came into the market carrying its own new technology and new ideas. In order to have a better promotion of the blockchain technology and to promise a healthy and orderly development BitCherry has proposed its own block chain technology development road. Since its online on May 2019, BitCherry proposed new ideas like: "distributed / Peer to Peer" core characteristics. BitCherry blockchain opened networks have advanced efficiency, data security, consensus governance and other characteristics. But how BitCherry’s ‘distributed business’ concept empowers traditional business and better serve global business services?
The characteristics of the blockchain technology concept are that the data is open, transparent, traceable which reduces the trust cost of all parties involved in improving the efficiency of collaboration. It has been applied in many business fields. However, because the blockchain infrastructure is not yet perfect, many blockchain public chain projects still have a lot of technical immaturity, and ‘killer applications’ that have not yet been developed which resulted a low degree of impact of blockchain technology on people’s production and lifestyle. To truly utilize the innovative advantages of blockchain technology, concepts and its models we need to make a deep research on the development of integrated applications of “blockchain business”.
The BitCherry IPv8 technology is based on development of services in the distributed business expansion. The current technology might be useful for supply chain, financial services, digital assets, commercial consumption, e-commerce, distributed cloud computing and other fields of business." BitCherry uses P2Plus innovative idea to build the physical layer network, improved hash map data which can achieve highly scalable architecture for expanding the use of the relationship spectrum, by providing intelligent contracts, such as consensus across the chain operation mechanism. The system will provide high-performance global business, high security; high availability of the underlying technical support and solutions, BitCherry can complement some shortcomings of current commercial projects.
BitCherry use value proposition with no borders built IPv8 bottom blockchain network technology that can improve the efficiency and feasibility of commercial transactions, while achieving end encryption of information; it also can protect the privacy of user’s data in the interactive process. Based on the aBFT asynchronous algorithm and relying on the scalability design of the vertical side chain + horizontal sharding, the problem of block congestion is solved, the security and circulation of commercial data transmission can be better guaranteed, and it will be able to satisfy any form of business demand.
Currently, BitCherry’s testnet is coming soon, due to the uncertainty of the economic system of the project, we, as the market enthusiast, should keep a close eye to value barriers, understand the central axis of development of the project, aside phenomenon and see the essence. BitCherry distributed business public chain is actually the bearer of future distributed commerce, and its project token BCHC is the medium currency that defines, records, and stores the value of many commercial roles in this block network, and the medium bears the same commercial value.
BitCherry Github code that currently can be seen and has been already uploaded and updated several times, it is expected to have entered the final countdown test. The main network will be online, regardless of the concept, the ecological layout, or whether you want to invest in investment finance, all in all, looking at the future ecology of distributed commerce is the key, let us wait and see.
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