At mintBlue, we believe in the power of blockchain to revolutionize the way businesses operate and data is stored and shared. As such, we have built our platform on Enterprise Bitcoin. In this documentation, we will explain why we believe Enterprise Bitcoin is the best choice for our platform, and how its unique features and capabilities will enable us to deliver the most secure and reliable solution to our clients.
The Original Bitcoin
It is important to note that Enterprise Bitcoin, also known as Bitcoin SV, is the original blockchain. It is the longest-running blockchain in existence and the first implementation of the concept of a decentralized, digital public ledger. While other blockchains, including Bitcoin Core (BTC), have been created later and are all derived from the original Bitcoin protocol. They can be considered forks or derivatives of the original. Enterprise Bitcoin, on the other hand, is the true, unaltered version of the original Bitcoin protocol as it was intended by its creator, Satoshi Nakamoto.
The original Bitcoin protocol was designed to be a peer-to-peer electronic cash system that would allow for the transfer of value without the need for trusted intermediaries. It was built to be a decentralized, public database that would allow for the storage and sharing of data in a secure, private and transparent manner. Enterprise Bitcoin is the only blockchain that fully embraces and adheres to these original principles and goals of the Bitcoin protocol.
Flexibility and Scalability
Another important aspect of Enterprise Bitcoin is its turing completeness. This means that it has the ability to execute any algorithm or program, making it a truly all-in-one solution for any use case that requires the use of a blockchain. Other blockchains may have limitations in their capabilities and are only suitable for specific use cases, but Enterprise Bitcoin's turing completeness allows for the development of any kind of application or solution on its blockchain. This flexibility makes Enterprise Bitcoin the perfect choice for companies that want to innovate and create new products or services using blockchain technology.
In addition to its turing completeness, Enterprise Bitcoin also has the feature of parallel scalability through its UTXO (unspent transaction output) architecture. This means that multiple transactions can be validated at the same time, increasing the overall throughput of the network. Other blockchains, such as Ethereum, use a different architecture (Account based), which does not allow for parallel validation of transactions, resulting in lower scalability. This is a key differentiator for businesses that have high-volume transaction needs, but also ensures that the cost of processing transactions remains low, making it a viable option for any type of commerce and enabling the exploration of previously uneconomical use cases.
mintBlue's non-custodial approach ensures that end-users have full control of their data and there are no lock-in issues. This allows for greater security and privacy for businesses and their customers, as they don't have to rely on third parties to manage or access their data. This feature is particularly important for companies in heavily regulated industries or those that handle sensitive information.
At mintBlue, we are dedicated to providing our clients with the most secure and reliable blockchain solution. By constructing our platform on Enterprise Bitcoin, we are able to achieve this by leveraging the longest-running and original blockchain. Our solution combines scalability and all-in-one functionality to deliver a high level of data security, interoperability, and traceability. As a result, it is an ideal choice for businesses that aim to innovate and thrive in the digital era.