Microsoft Launched Coco Framework Based on Ethereum to Speed up the Blockchain Network

This article examines Microsoft Launched Coco Framework Based on Ethereum to Speed up the Blockchain Network. It presents the main facts, practical implications, and key points in a clearer, easier-to-follow format.

Understanding Microsoft Launched Coco Framework Based on Ethereum to Speed up the

Microsoft wants to solve this problem and help businesses easily build networks with distributed ledger ledgers and reveal the framework called Coco - short for the Confidential Consortium - a new open source platform for Enterprise blockchain network.

Coco is an Ethereum-based protocol designed to help commercial companies and large-scale businesses process information on Ethereum Blockchain with a higher level of security.

'Coco brings a different approach to the ledger structure, giving businesses the ability to expand, manage distribution and be more secure without sacrificing the inherent security and non-volatility they expect. 'Mark Russinovich, CTO in Microsoft Azure said.

The framework can integrate with many popular open source blockchain systems and distribution ledgers, including Ethereum, Corda of R3, Hyperledger Sawtooth of Intel and Quorum of JPMorgan.

Compare networks with and without Coco Framework.

Because the blockchain transaction rate is so slow, it can only perform a few transactions in a second, Microsoft wants this technology to be able to handle a thousand transactions or more in a second.

To solve this problem, Coco Framework uses the power of the current blockchain protocol, secure environments (TEE - Trusted Execution Environments - including Intel's Software Guard Extensions and Windows Virtual Secure Mode (VSM). ), distribution systems and codes.

With these TEEs, a person can build a network of safe areas, all using the ledger and Coco code that it runs will bring:

• The amount of information and latency to achieve database speed.
• Models are safe, business-oriented and more flexible.
• Network policy management through distribution management.
• Support unspecified transactions.

In the video introduced above, Coco Framework created an increase of more than 1,700 transactions per second with the private version of the Ethereum blockchain, when compared to only 13 transactions without using the framework.

However, the average transaction rate of the integrated Coco Framework blockchain is about 1,600 transactions, allowing companies to control permissions on the system without slowing down the process.

Microsoft says that it is beginning to explore the potential of Coco Framework in many different industries, including supply chain, retail and financial services.

'Being able to run the supply chain Dapp code is now faster with Coco Framework which is a great improvement, helping to reduce conflicts when we talk about the availability of business blockchain with retail customers', Tom Racette, vice president at Mojix said. 'Adding confidential data support without sacrificing this innovation will help us lead the digital transformation process we are aiming for with the Smart Supply Chains'.

Microsoft said that Coco Framework will be available in 2018 and released as open source software. The company has also released in-depth technical reports on GitHub. https://github.com/Azure/coco-framework/blob/master/docs/Coco%20Framework%20whitepaper.pdf.