Microsoft has announced that it has released the Confidential Consortium (Coco) Framework, which is an Ethereum based protocol, which allows commercial companies and other large-scale organisations to process information on the Ethereum Blockchain with increased privacy. This huge move from Microsoft is almost guaranteed to cryptocurrency Ethereum a huge vote of confidence.
The $561billion technology company, released an official announcement, where it gave insight into the decision and stated that; “Coco presents an alternative approach to ledger construction, giving enterprises the scalability, distributed governance and enhanced confidentiality they need without sacrificing the inherent security and immutability they expect”. To put it simply, the goal of this framework to make using blockchain technology easier for businesses. Traditional blockchains are designed to be transparent, which in turn creates many problems when it comes to confidentiality and scalability. The Coco fr
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