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Successful decentralization doesn’t need a blockchain: Nillion CEO

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Decentralization via blockchain technology has led to the emergence of many applications such as CryptocurrencyAnd the Non-fungible tokens (NFTs)And the Decentralized Autonomous Organizations (DAOs)And the Decentralized Finance (DeFi)And many more use cases. However, the future of decentralization may extend far beyond blockchain technology.

Nillion, a cryptography-based internet infrastructure platform, has developed a technology called Nil Message Compute (NMC), which is changing and decentralizing how data is stored, processed. This new technology could have important implications for how businesses and users pursue decentralization as an ethos.

When asked how decentralization is possible without blockchains, Nillion CEO Alex Page explained how the NMC-based technology takes arbitrary data, transforms it, and hashes it, then distributes the resulting particles across a network of nodes.

“Nodes can store particles or perform computations with pieces of data without sending messages between them, and return the results to the desired endpoint for refactoring (without relying on trusted hardware),” Paige explained in a written response to Cointelegraph. . “Throughout the entire process, nodes are blind to whatever it is processing, yet they are able to perform computations at speeds that are in many cases much faster than their predecessor technology, [multi-party computation, or MPC]. ”

He also explained the difference between his platform’s NPC technology and its predecessor, MPC:

“Traditional MPC systems typically require messaging between nodes, which significantly slows computation speeds. NMC has removed this bottleneck allowing for fast, scalable computation. The result is a decentralized, non-blockchain network of nodes that can run highly efficient private and secure computations that unlock New non-blockchain use cases.”

Speaking about the future of decentralization, Paige shared that decentralization will be an essential part of the future digital world because humanity has reached a point where data, and especially data control, has become an important part of our lives:

“The future of decentralization will continue to expand through the adoption of technologies that bring new utility and functionality to the blockchain – for example through zero-knowledge proofs/briefness, threshold commitments, and now NMC – to extend capabilities beyond simply recording transactions in a public ledger. ”

The CEO also emphasized that “Decentralization is a multi-pronged spectrum”. “Decentralization will include blockchain as a core component, but other technologies will expand the possibilities in new ways that blockchain is not designed to do.”

When it comes to the advantages and benefits of decentralization without the use of blockchain technology, Dr. Miguel de Vega, Chief Scientist at Nillion, talked about how NMC technology does not need to be synchronized with the production of blocks, or depend on the completion of an account for inclusion in a block, in order to come up with Agree, as with the traditional blockchain.

Instead, it can run properly when needed, providing a better user experience. Also, there is no limit on account size because they don’t need to fit into a cluster.

Related: What is the relationship between blockchain and Web3?

Although it is difficult to predict how decentralized technologies will evolve given the myriad competing platforms and the regulatory constraints and adoption bottlenecks affecting their use, decentralization as an ethos is gaining momentum across mainstream discourse. Elon Musk’s acquisition of Twitter once again highlighted the limitations of centralized platforms and sparked controversy About decentralized alternatives to social media.

Currently, users are embracing decentralization as a way to increase transparency, reduce reliance on centralized authorities, and increase control over personal data and assets. These technologies, or at least the promise of decentralization, have been a major driving force behind the growth of cryptocurrencies.