This article was first published on Komodo
This series of posts is the Tech Tuesday Blockchain Developer Update and this post is about ways to give free coins to users using blockchain consensus in a multi-chain architecture. Along with Komodo’s Five Bullet Fridays weekly newsletter, Tech Tuesday Blockchain Developer Update is another weekly piece of content to look forward to.
In case you’ve missed a previous edition and want to catch up, you can find all the previous Tech Tuesday updates here.
How To Give Free Coins To Users In A Multi-Chain Architecture
In the wake of the Komodo cybersecurity team sweeping compromised addresses, the first round of funds reclamation via blockchain rules is already being fulfilled. A scheme to verify ownership of stolen keys uses on-chain & off-chain methods for reconciling data through this quick resolution through the support desk. This effective use of blockchain has enabled a community project to efficiently process claims.
The bespoke blockchain reclamation solution of distributing funds to users is a real world example of effective and efficient processing of business logic on a blockchain. The quick resolution has not been fully blockchain enabled and uses off-chain & manual verification. There are two reasons for this: there is a time of centralized control of funds & no designated time for full end to end blockchain testing.
The rest of the article is using the templated blockchain solutions to give free coins to users which uses only the blockchain, and only native code for fast processing.
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