Everyone has the idea of ​​building their own blockchain. Until they actually work out the numbers.

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Create from scratch - high cost and low efficiency

And that's not even the worst part. For all of this investment, you still end up with a blockchain that is slow, expensive, lacks privacy options, and/or has limited functionality.

With such poor choices, it is difficult for businesses and individuals to justify such large investments.

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solution

The solution comes from Horizen, which has just launched Zendoo, a scalable blockchain platform.

The platform makes it easier for developers to launch their own blockchain or blockchain applications in any programming language they are familiar with.

It is cheaper, more scalable, more decentralized, and more secure than any other blockchain option out there. It gives you complete development freedom, and there are even built-in ways to earn rewards for developing your own blockchain.

ZENturio, a community member of Horizen stated:

“If Satoshi designed the Bitcoin sidechain system, it would be the Horizen sidechain way. Permissionless, decentralized and privacy enabled.”

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Zendoo: The Horizen Sidechain Ecosystem

What makes Zendoo so unique is that it is based on a decentralized ecosystem of sidechains.

A sidechain is a blockchain connected to the main blockchain through a cross-chain protocol. This makes it possible to build entirely new blockchains with their own rules and consensus protocols. At the same time, it leverages the security of the mainchain and the economies of scale of being part of a public ecosystem rather than an independent closed system.

This offers developers many advantages, from speed, security, to flexibility, and makes getting started incredibly easy and easy.

It's to blockchain what WordPress is to website development. For the first time, developers can easily build new blockchains. From the start, all the essentials are included, and it even comes with a built-in hosting ecosystem of 37,000+ nodes. Likewise, there will be access to pre-built add-ons and a large community of existing developers and users.

Best of all, unlike other platforms, developers can use code to create what they want. Complete freedom of development, or as Horizen puts it, "infinite inclusivity, infinite design".

A more powerful platform at a fraction of the time and cost required to build a private blockchain from scratch.

Read on for 7 reasons why this is the best way to build a blockchain on Horizen.

1. Decentralization by default:

Decentralization may not be the most exciting feature for enterprise types, but developers know it's one of the biggest advantages of any blockchain.

The problem is that most private blockchain solutions (such as Hyperledger) are not truly decentralized.

The Hyperledger blockchain uses what is known as a permissioned system, which allows only those who are invited to join the network to join.

While this purportedly provides privacy and security benefits (we discuss the truth behind this below), such selective and limited participation leads to a concentration or centralization of decision-making power.

This is a problem for many reasons. First, without an open distributed consensus mechanism, there is no guarantee that the ledger is immutable or that transactions cannot be reversed.

The second is that due to the limited number of nodes supporting these private networks, this makes the entire blockchain more vulnerable to malicious attacks.

The only way to protect against both of these potential threats is to thoroughly audit and monitor each actor to ensure they are and remain good actors.

But if you have to do this, there is no real blockchain. Just slightly fewer central servers (and slower and more expensive).

Also, in Zendoo, all sidechains are fully decentralized by default. Each new sidechain can enlist support from Horizen's nearly 40,000 Secure and Supernodes, the largest of any blockchain to datenode system。

This allows developers to take full advantage of the power of decentralized distributed ledgers and node networks to create the safest and most robust blockchain projects.

2. High cost performance:

Thanks to open source code, anyone can fork and clone an existing project's software, but having the funds to deploy and maintain it is another matter entirely. As mentioned in the introduction, this is one of the biggest obstacles to launching a new blockchain project.

When building a private blockchain, running your own nodes is expensive, so most projects built on top of the Hyperledger framework hire IBM or other private companies to manage nodes for them. According to IBM's pricing example (which seems intentionally opaque and hard to discern), a small network with just 2 peers and 1 worker node costs $868.70 per month!

With Zendoo, the economics of supporting the sidechain node infrastructure will be subsidized by the mainchain's block reward system. Throughout the Horizen ecosystem, node operators automatically receive a percentage of block rewards. This provides built-in incentives for node operators, which is why the Horizen blockchain has such a large network of nodes.

For sidechain developers, this means having access to a large network of nodes without having to set up any dedicated nodes of their own, and without incurring the full infrastructure cost. The only cost to get up and running is the marginal cost of adding a sidechain, which is negligible.

3. 100% uptime operation:

When it comes to node networks, the truth is, size does matter. The bigger the network, the more secure it will be and the better uptime the blockchain will have.

We saw the importance of this last year when Stellar’s ​​entire network was shut down for two hours after a large number of nodes went offline.

Stellar only has 110 nodes supporting its blockchain. So it doesn't take much time to shut down the system.

Worst of all, almost all private blockchain projects have fewer nodes than Stellar. (Not surprising given the cost!) This means its blockchain is highly vulnerable to downtime.

Hence, developers can enjoy 100% uptime when building applications on Zendoo.

This level of uptime is not possible with centralized servers. That's why SaaS companies are targeting the gold standard of so-called "four nines availability," which means 99.99 percent uptime or just 52 minutes of downtime a year.

That may not seem like much, but just one hour of downtime can cost a company between $140,000 and $540,000. What company wouldn't want to save on this type of expense every year?

4. Full development freedom:

Crucial for developers is the ability to customize the blockchain to meet the needs of your specific application. This is doable if you can afford the high price of Hyperledger. However, this can be extremely challenging if you are using a decentralized solution like Ethereum. If not impossible.

Why? Because as a developer, you cannot change the Ethereum main chain roadmap. So you're tied to what Ethereum decides to do, and you can't really make any meaningful changes to the blockchain itself.

It's like a web developer building a website on Blogger. It's easy to get started and create content, but there's very little to customize, and in the end, no matter what development skills they have, they'll only be able to create a blog.

Instead, Zendoo provides developers with complete control over their blockchain. As long as developers abide by the rules of the cross-chain protocol, they can do whatever they want.

In theory, Horizen's sidechains don't even need to function as blockchains at all. They can be made into any application a developer can imagine. This demonstrates the flexibility of use cases.

5. Faster and cheaper transactions:

The next major disadvantage of other public blockchain solutions like Ethereum ETH is that developers can build directly on the main chain and all transactions are processed through the same mechanism.

Remember the Crypto Kitties fiasco from a few years ago? When the game became popular, it caused severe congestion on the entire Ethereum network and made transactions prohibitively expensive for all ETH users.

For projects built on Zendoo this is not a problem. This is because all transactions are processed in a single sidechain and there is no competition for bandwidth from other projects.

Likewise, by using proof-of-stake consensus for its pre-built sidechains, Horizen sidechains are by default much faster and less expensive than blockchains using proof-of-work consensus. This is done without sacrificing the security of proof-of-work, as the Horizen mainchain verifies certificates from sidechains. Developers and users get the best of both worlds: PoS security, PoS speed, and lower costs.

6. Built-in privacy transactions:

One of Zendoo's most unique advantages is that it has privacy already built into the blockchain.

If you have a blockchain application set up on Ethereum or another popular platform, there is no way to mask data.

Instead, Horizen and Zendoo come with a suite of zero-knowledge encryption tools. This means that developers can natively preserve the data privacy of their applications.

This is especially important for businesses in the healthcare and consumer data industries, where regulated data privacy is a must.

Best of all, since developers are free to customize their sidechains, they can extend the privacy protocol even further, choosing whatever encryption method they think best suits their application needs.

7. Incentives for developers:

One of the core principles of the Horizen blockchain is that all stakeholders should be rewarded for their contributions.

So far, this means that blockchain system subsidies apply not only to miners, but also to node operators and treasuries. The only thing missing is a way to directly incentivize developers to build applications on the blockchain. until now.

Now with Zendoo, developers have full control over the economics of their sidechains. As if they were building their own blockchain from scratch, developers are able to determine how fees and subsidies are distributed. The system default is that developers earn money directly from the transaction volume on their sidechains.

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What does this mean for businesses and developers?

Businesses and developers have been waiting for Horizen's sidechain ecosystem. Ultimately, building blockchains is worth investing in.

Horizen sidechains are far more decentralized, cost-effective and secure than private blockchains built on Hyperledger.

They also offer developers more flexibility, more privacy options, and cheaper transaction fees for users than projects built on other public blockchains.

Best of all, Zendoo even has a built-in feature that enables developers to get paid for their work. This means developers can turn their projects from passion projects into real revenue streams more easily than ever.