Drunix:
The National Payments Corporation of India (NPCI) rolled out Drunix platform.
- Drunix is an enterprise-grade distributed ledger technology designed to help organizations build and scale tokenization platforms, digital asset ecosystems, and multi-organization networks.
- Drunix is a custom-built private blockchain framework designed to deliver high scalability and optimized performance.
- It enables blockchain deployment at scale and is engineered for enterprise and public infrastructure adoption.
- It is a high-performance distributed ledger platform built as an enhanced fork of Hyperledger Fabric.
- Hyperledger Fabric is an open-source enterprise blockchain framework developed under the umbrella of the Linux Foundation.
Blockchain Technology:
- Blockchain, also known as Distributed Ledger Technology (DLT), is an emerging technology that facilitates the conversion of currency and various assets into digital formats for storage and management.
- The blockchain is a distributed ledger that exists on multiple computers simultaneously in a peer-to-peer network.
- Once data is written to the blockchain, it is extremely difficult to alter it retroactively. Cryptographic hashes help achieve this which improves security and trust.
- Cryptography through hashing and digital signatures secures the blockchain network. It also provides participant identity protection through private/public keys.
- For a transaction to be valid and added to the blockchain, all nodes must agree to its validity based on the existing rules of the network through a consensus mechanism.
- No single entity or computer controls the network. Full copies of the blockchain reside on multiple computers in a decentralised manner.
