Algorand Founder Silvio Micali shares details on the development of Algorand’s co-chain architecture that will expand even more possibilities for the Algorand ecosystem. Read his latest blog here: https://www.algorand.com/resources/blog/algorand-co-chains
Really great. .This solve another big problem in blockchain field, and algorand is becoming infinite. Waiting for the coming upgrade.
I am not sure whether a ‘layer-1 co-chain’ need an additional full-node server or not. If no need, then it is easy for new users to join in at a low cost and bring few risk/burden to the public permissionless chain.
In page 6 it is said: …but block generation in an Algorand co-chain can be
It seems that a co-chain generates its own blocks, so I think that the co-chain is on an additional network with its own servers, it is not a virtual network in the main algorand chain.
The co-chains generates its blocks and can have a complete different consensus, the different in Algorand is that it will be able to interact with other co-chains and with the mainchain.
Is there any roadmap for co chain? Or when can we expect this co chain in algorand?
You can use now a private chain, the inter operable features I don’t know.
- What will be the native tokens or coins for that co-chain?
- Will we be creating that in genesis block of co-chain?
- Is this native token assigned for validators to generate new blocks in co-chains?
- It depends on the co-chain, you will be able to issue as many tokens you want.
- You are able to create your own genesis assignments as in any private chain of Algos within the co-chain. I don’t think you will be able to create token assignations on the genesis since they aren’t created at that stage.
- The native token is the algo within the co-chains and the consensus is based on the allocation of this token. Of course, you can build a new consensus based on specific nodes.
Got it! Thanks @pipaman for your clarification.
As per your statement @pipaman ,
“You can use now a private chain”
I have a question regarding that:
In future - after algorand implemented co-chain,
Can we migrate our current private chain directly into co-chain or we have to initialise co-chain separately?
I think that co-chains are private chains and they will keep compatibility but it is not part of the announcement.
Okay. Thanks @pipaman.