Copy link
Increase text size
Decrease text size
Link copied

Baidu launches new service to lower cost and technological barriers for dapp developers

Xuperchain Homepage Screenshot (TokenPost)

Tue, 07 Jan 2020, 11:23 am UTC

Chinese internet giant Baidu has launched a blockchain-based service network that will help developers and small and medium-sized enterprises (SMEs) to develop decentralized applications (dapps), CoinDesk reported citing a report by state-owned daily newspaper STCN.

Called “Open Network,” the new service is built on Baidu’s own enterprise blockchain network, called Xuperchain, with its special alliance nodes distributed throughout the country. It aims to lower cost and technological barriers for developers and SMEs.

In a press release dated Feb. 2019, the company had claimed that Xuperchain was processing more than 55,000 transactions per second, far exceeding the industry average. According to the official website, the blockchain network has nearly 3.5 million users and has processed more than 450 million transactions to date.

Just recently, Baidu has launched the public beta for Xuperchain. Users can deploy a blockchain application using the technology for as low as 1 Chinese yuan (approximately $0.14) until March, The Block reported.

Open Network will provide users with an environment for rapid deployment and operational environment for blockchain applications, and flexible payment capabilities for computing and storage resources, which will directly reduce user deployment, operation and maintenance costs.

Also, to make it easy to build applications, the new service provides users with smart contract templates and other functional components.

Last February, Baidu launched Baidu Blockchain Engine (BBE), which enables developers to develop dapps. Prior to that, the internet behemoth had introduced its Blockchain-as-a-Service (BaaS) platform in January 2018, which aims to provide blockchain infrastructure for applications.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,897.63 (+2.22%)
  • Ethereum (ETH) $169.98 (+3.76%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $365.64 (+11.83%)
  • Bitcoin SV (BSV) $283.50 (-10.78%)
  • Bitcoin (BTC) $8,897.63 (+2.22%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft