This is a brief on what is OpenChain Technology and it's features.

1. What Is OPENCHAIN Technology?

2. What is OpenChain?
• An OpenChain provides an open source distributed ledger technology in the field of
the blockchain.
• This is mainly suited for organizations which manage digital assets in a secure,
robust and adaptable way.
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3. • Firstly, this platform gives the chance to know the confirmations of instant
transaction.
• An OpenChain technology does not require fees for mining.
• The adaptability of this technology is easy and fast.
• Furthermore, this technology is protected and secured with the help of digital
signatures.
• The Bitcoin blockchain is significant for its immutability.
• The Proof of Work will assign an alias for users instead of using addresses as a base.
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Features of OpenChain:

4. • Multiple levels of control:
o There are no restrictions to open a ledger because people can join it without any
concern.
o The administrator approves the participants of Close-loop ledger.
o The anonymous members will not receive the benefits like the accepted ones.
• The Hierarchical account system always sets the permissions at every level.
• Therefore, there is a significant time transparency in the transactional system.
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5. Is Openchaina blockchain?
• OpenChain is a part of Blockchain technology. However, taking the term into
consideration it is not a "Blockchain," but a close relative.
• The data in blocks get structures, and they can directly order the blocks of
cryptographical links and transaction done through hashing.
• This technology never uses the concept that happens in the blocks. The interlinked
transaction in this technology develops the groups in blocks. These blocks introduce
a delay into this technology.
• This technology is the best way to manage as well as reduce the block time to just a
few seconds since it is still a long time for latency-sensitive applications such as the
process of trading. Therefore, a more appropriate term for this technology is a
"transaction chain" rather than a "Blockchain".
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6. Is Openchaina Sidechain?
• We can always use the model of podule for bringing a perfect bridge between a
Blockchain and an Openchain.
• It is always particular about providing the address and giving a copy of coins to create
the OpenChain.
• Accordingly, these tokens can be redeemed to unlock the Bitcoins.
• This model initiates a 2-way peg between Bitcoin and the Openchain and instance is
the sidechain's behavior.
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