Blockdaemon, a blockchain platform that provides easy deployment, connection, and management of nodes for blockchain-based projects, today announced it has introduced a new suite of services for two major players in the blockchain ecosystem in Stellar and Quorum.
As more projects realize the power of blockchain to render systems more efficient, secure, and transparent, the demand for service providers to support this growing ecosystem continues to swell. Blockchain-based networks depend on nodes to validate transactions and complete other tasks essential for maintaining the health of the ecosystem.
The process of developing and “spinning up” nodes in a network can be costly from a resource and time standpoint; Blockdaemon addresses this challenge by allowing projects to deploy nodes and connect them to blockchains within minutes and at lower costs. By adding support for Quorum and Stellar, Blockdaemon is now the only deployment tool covering a wide range of protocols, including Ethereum and Bitcoin.
“As the only multi-cloud, multi-geo platform for blockchain nodes, we aim to support blockchain projects in attaining the level of decentralization and management they need in order to succeed in their goals. We are delighted to be supporting Stellar and Quorum – two of the leading organizations committed to developing more effective financial systems using blockchain technology.”
The Stellar network is a distributed, hybrid blockchain that is fully open-source. Its infrastructure facilitates cross-asset transfers of value and provides an instant clearing, settlement, and execution platform, enabling money to move directly across borders as easily as email. Stellar’s native digital currency, lumens (XLM), may soon be supported by leading U.S. crypto marketplace, Coinbase. Blockdaemon is supporting the full range of Stellar’s functionality, including Bifrost, which allows for the token sales on Stellar to accept bitcoin and ethereum seamlessly. With this service offering, Blockdaemon will be able to host and support the many utility and security token sales taking place on the Stellar network.
“Blockdaemon’s cloud-based nodes-as-a-service offerings make it extremely simple to launch projects on Stellar. We’re excited to see Blockdaemon support projects with a global decentralized network management tool and continue to fuel the growth and maturation of the blockchain industry as a whole.”
Blockdaemon will be supporting Quorum, an open-sourced variant of the Ethereum blockchain, developed by J.P. Morgan to spin up nodes for enterprise projects. Quorum is an enterprise-ready distributed ledger and smart contract platform that provides increased efficiency and security to the processing of private financial transactions within a permissioned group of known participants. For the first deployment, Blockdaemon will be supporting G-Coin, Emergent Technology Holdings LP’s digital token that is backed one-to-one by conflict-free gold.