What is a native blockchain

What is a Traditional Blockchain?

Before we dive into the world of native blockchains, it is important to understand what a traditional blockchain is. A traditional blockchain is a type of blockchain that is designed for a wide range of use cases, including cryptocurrency, smart contracts, and decentralized applications (dApps). These blockchains are typically based on the Bitcoin protocol and are designed to be as flexible and versatile as possible.

Traditional blockchains are built on a consensus mechanism that allows multiple parties to agree on the state of the ledger. This consensus mechanism is typically achieved through proof-of-work (PoW) or proof-of-stake (PoS), which involve complex mathematical calculations and require significant computational power.

Traditional blockchains are also designed to be immutable, meaning that once data has been recorded on the blockchain, it cannot be changed or deleted. This is achieved through the use of cryptographic techniques such as hashing and digital signatures.

What is a Native Blockchain?

A native blockchain is a type of blockchain that is designed specifically for a particular use case or industry. Unlike traditional blockchains, which are built to be flexible and versatile, native blockchains are built with a specific set of requirements in mind. This allows them to be more efficient and effective than traditional blockchains, as they can be optimized for the needs of their intended use case.

Native blockchains typically have a smaller consensus mechanism, which requires less computational power and energy. They also often have different data structures and storage requirements than traditional blockchains. For example, a native blockchain designed for supply chain management might require more complex data structures to represent the flow of goods through the supply chain.

Real-Life Examples of Native Blockchains

There are many examples of native blockchains in use today. Here are a few:

• Ethereum Classic: Ethereum Classic is a native blockchain that was created after a hard fork from the original Ethereum blockchain. It is designed specifically for smart contracts and decentralized applications (dApps) and is based on the ERC-20 standard, which allows for easy integration with other dApps.
• Hyperledger Fabric: Hyperledger Fabric is a native blockchain that was developed by IBM and is designed specifically for enterprise use cases. It is built on the Fabric consensus mechanism, which uses a modular approach to security and privacy.
• Quorum: Quorum is a native blockchain that was developed by JPMorgan Chase and is based on the Ethereum protocol. It is designed specifically for financial applications and is built to meet the regulatory requirements of the banking industry.



• Chainlink: Chainlink is a native blockchain that provides a secure and reliable way for dApps to access data from external sources, such as APIs and databases. It has been used in a wide range of use cases, including decentralized finance (DeFi) applications.

The Future of Native Blockchains

As blockchain technology continues to evolve, we can expect to see more native blockchains being developed for specific use cases. This will allow for more efficient and effective decentralized applications, as they will be optimized specifically for the needs of their intended use case.

However, there are also some challenges that native blockchains must overcome in order to succeed. For example, they may need to address issues related to scalability and interoperability with other blockchain networks. Additionally, they may need to deal with regulatory challenges, as many industries have yet to fully understand the potential of blockchain technology.