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Cypherium Blockchain joins the Microsoft for Startups program

The Cypherium blockchain becomes part of the Microsoft for Startups program with the goal of becoming part of the Blockchain-as-a-Service offeringor BaaS of the company in the coming months.

The Cypherium blockchain uses a combination of proof-of-work or PoW consensus algorithms and HotStuff. The latter is also used by Facebook’s Libra project.

Libra withdraws

In an interview with Cointelegraph, Sky Guo, CEO of Cypherium, said that given the recent changes to the Libra white paper Your project appears to be the only platform without permission to use HotStuff:

“Libra had originally planned to be ‘without permission’ in the next five to three years, but recently they gave up on that in their new white paper. Now Cypherium appears to be the only blockchain based on HotStuff without permission.”

The Microsoft network

Cypherium Blockchain joins the Microsoft for Startups program
Cypherium Blockchain joins the Microsoft for Startups program

When discussing the benefits of the Microsoft for Startups program, Guo noted the importance of his network:

“They organize meetings and conferences with venture capital companies and also business customers. They also connect us with Microsoft executives, so the last time we had an online conference with the Microsoft CTO. “

The BaaS division is getting fuller as all technical heavyweights such as Amazon, IBM and Oracle have numerous offers. However, Sky believes that Cypherium’s attractive features make it an attractive addition to Microsoft’s BaaS:

“Cypherium is the next generation Byzantine fault tolerant algorithm [BFT] and presents an instant purpose. The only thing is that it offers linear complexity, which means that it runs at full speed regardless of the number of nodes in the network. While classic BFT algorithms can only be scaled to around 20 nodes and more nodes, it crashes because the communication is too complex. “

According to Guo His company has discussed the possibility of using the Cypherium blockchain with several national governments. Expect to explore new use cases with Microsoft.

Microsoft recently reported that quarantined players enforce the Azure cloud service, which serves as the backbone of BaaS. Hopefully Microsoft has already fixed these problems.

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