Baidu launches public beta for its 'Xuperchain' blockchain project

advertisement

Baidu, the Chinese Internent giant, has launched the public beta for its "Xuperchain" open-network blockchain. 

On Jan. 6, Baidu Xuperchain announced the launch of its public beta during an online press conference. Until March, users can pay as low as 1 Chinese yuan, or approximately $0.14, to deploy a blockchain application, according to the company’s website

The Xuperchain network is run by a series of masternodes, the project's official white paper explains and makes use of parallel chain technology to simplify smart contract processing. Developers and enterprises can build applications, smart contract templates, and related functions based on their specific business needs. 

According to the Monday announcement, the network was built upon Baidu’s previous blockchain-as-a- service (BaaS) offering. But the new platform does not require users to build the blockchain themselves and allow them to deploy applications at a lower cost. It also fully meets China’s regulatory requirements for blockchain enterprises, the team emphasized.

The underlying code for Xuperchain was open-sourced in May 2018. As of now, the network has seen over 3.5 million users and 450 million transactions, its website shows. 

As it stands, many major Internet companies in China have gone public with details of their blockchain initiatives.

Alibaba’s Ant Financial, formerly known as Alipay, announced in Nov. 2019 that it was set to release its consortium blockchain network around Feb. 2020. Tencent and JD have also published white papers on their proposed blockchain-as-a-service (BaaS) platforms.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Will Sanctions Drive Russia into the Arms of Cryptocurrencies?

From the removal of many Russian banks from SWIFT to a seemingly constant flow of new sanctions, Russia’s invasion of Ukraine has left many to wonder: Is the country likely to lurch towards cryptocurrencies? And if so, what does this mean for businesses that are holding and/or using crypto? Crypto and sanctions evasion Although crypto […]
Read Full Story
Sponsored Post

Layer-2 Scaling Solutions: A Framework for Comparison - Commissioned by Polygon

Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.
Read Full Story
May 5, 2022, 3:17PM UTC
More