On Jan. 6, Chinese internet company Baidu officially launched its open-source super blockchain network, known as Xuperchain. Xuperchain aims to provide an out of the box solution for small to medium-sized businesses, as well as developers.
Until March, users can pay as low as 1 Chinese yuan, or approximately $0.14, to deploy a blockchain application.
The Xuperchain network is run by a series of masternodes 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 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 meets China’s regulatory requirements for blockchain enterprises.
“It provides users with an environment for rapid deployment and operation of blockchain applications, and computing. The flexible payment capabilities of resources such as storage and storage directly reduce user deployment and operation and maintenance costs, and make trust links more convenient.”
The underlying selling point for Xuperchain centres around cost saving and reduction in the barriers of entry in the crypto space; bringing blockchain to the masses with a ready-made solution.
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, according to its website.