Openchain is open source blockchain technology platform

Openchain Open Source Blockchain Platform

Open Source Blockchain Platform to Control Your Digital Assets

A self hosted open source blockchain distributed ledger platform. It offers digitally signed transactions, HTTP endpoints to build wallets, and asset management.

 

Openchain is a free and open source Blockchain based software. It is highly scalable and extensible. This software is based on client server architecture that is well known due to efficiency. It is robust, self hosted, and offers secure ways to manage digital assets. However, anyone can set up its instance and control digitally signed transactions. It provides instance level authority to validate the transactions. Moreover, instances are configurable with one another through HTTP based API’s. Similarly, there are administrators on every Openchain instance who define and enforce the rules of exchanging digital assets.

This distributed ledger technology has no mining mechanism rather instance admins verify the transactions. Therefore, there is no fee associated with transactions. In addition, Wallet apps connect to validators via API’s to records digital transactions. Above all, Openchain does not store transactions in blocks rather transactions are directly linked with one another. Then, it uses the consensus algorithm named Partionned Consensus.

This open source software is written in C#. Further, there is comprehensive documentation available regarding development and deployment.

System Requirements

Requirements to set up Openchain include:

Features

Openchain offers the following key features:

  • Open Source
  • Instant Confirmation of Transactions
  • No Mining Fee
  • Multiple Levels of Control
  • Secure With Digital Signatures
  • Extensible
  • Scalable
  • Provision To Define Rules
  • Robust
  • Auditability of Transactions

Installation Instructions

First, run the following command to clone the openchain/docker repository from GitHub:

git clone https://github.com/openchain/docker.git openchain

Second, run the following commands:

cd openchain
cp templates/docker-compose-direct.yml docker-compose.yml
mkdir data
cp templates/config.json data/config.json

Then, edit the configuration file (data/config.json):

nano data/config.json

Finally, set the instance_seed setting to a random (non-empty) string.

[...]
// Define transaction validation parameters
"validator_mode": {
// Required: A random string used to generate the chain namespace
"instance_seed": "",
"validator": {
[...]

In the end, run the following command to start the server:

docker-compose up -d