VeChain (VET) Integrating with Rosetta to Simplify Blockchain Development and InteroperabilitySeptember 29, 2020
VeChain is now integrated with Rosetta, which is an open standard designed to simplify blockchain development and interactions. VeChain Rosetta Data API is available on Github. This is a good move to simplify integrations with other chains. The Community is looking towards a massive adoption.
For those who do not know Rosetta, is an open-source specification and set of tools which makes integration with blockchains simpler, faster, and more reliable. This is a middleware meant to integrate blockchains in to a platform pretty painlessly. Rosetta focuses on standardizing the method of integration with blockchains, thus making it easy for a user to build on the top of a blockchain for several use cases.
Rosetta ensures compatibility between exchanges, thus building cross-blockchain applications like block explorers, wallets, and Dapps. This is great because as opposed to making use of custom parsing for each blockchain app, users can use Rosetta to read onchain data, which can be further used to construct transactions in a standard format. Thus minimizing the code and it is simple for maintenance.
VeChain (VET) Inheriti Community Edition and Dead Man Switches
Inheriti Community Edition was recently launched on VeChain Official Mainnet. The native blockchain showcases the only fully-decentralized Inheritance solution on the market.
In response, Vechain Foundation tweeted: “Congrats on this milestone release! Thanks to the dedication and talents of @SafeHavenio team, the Community Edition now increases the security of digital inheritance and management.”
Sydney Ifergan, the crypto expert tweeted: “VeChain VET doing a great job with Inheriti Community Edition and Dead Man Switches to ensure inheritance despite jurisdictional differences.”
The first fully-decentralized digital inheritance solution is now available for the blockchain-connoisseurs from all over the world. Lot of technical, legal, and business development has gone in to the work.
Inheriti Community Edition is the decentralized data inheritance in its original form. They make use of patent-pending SafeKey technology to ensure safe distribution of encrypted shares of information in to the cold storage devices.
To decrypt this data, the SafeKey holders should work together and merge their shares using Inheriti. At this point, beneficiaries will gain the knowledge of the information stored in the smart contract on the blockchain by the plan initiator.
For the merge to happen the Merge Authority should start the process, potentially triggering several deadman switches (DMS) which has been created by the initiator.
If the initiator is not willing for the information to be obtained by beneficiaries, then the Merge authority will simply respond to their security DMS features selected.