This is a brief on MultiChain Technology and the process of mining in this technology.

1. What Is MultiChain Technology?

2. INTRODUCTION
• The MultiChain technology is a platform that helps users to establish a certain private
Blockchains that can be used by the organizations for financial transactions.
• A simple API and a command-line interface are what multichain provides us.
• This helps to preserve and set up the chain.
Copyright© BlockchainCouncil 2

3. • The Blockchain‘s visibility should always be actively kept within the chosen
participants to avoid confusions.
• This will ensure stability and control over which transaction exist.
• The process of mining can be done more safely with the help from proof of work
and the cost associated with it.
• This Blockchain model whereas only transacts the accounts validated to the
participants of this chain.
Copyright© BlockchainCouncil 3
Sign Up Now
The objectives of MultiChain:

4. • The process of hand-shaking in MultiChain occurs when the nodes in a blockchain
connect with each other.
• MultiChain takes place when two Blockchain nodes connect.
• The identity of each node represents itself with an address with a list of permissions.
• Therefore the each node which it represents sends a message to the other users.
• The P2P connection aborts if they do not receive any satisfying results from the
process.
Copyright© BlockchainCouncil 4
Sign Up Now
The Hand-ShakingProcess:

5. • The MultiChain defines miners to an identifiable set of entities. It introduces a
criterion known as mining diversity that binds with 0 <= mining diversity <= 1.
• The efficacy of block is verifiable by performing the following:
o Apply the changes in permissions set by transactions and the block respectively.
o Count the total approved miners set after these variations in the block.
o Multiply the number of miners by mining diversity and round up to attain left
spacing.
Copyright© BlockchainCouncil 5
Sign Up Now
process of mining inMultiChain
technology:

6. • This put the round-robin schedule in effect.
• The miners create blocks in a rotation in this schedule so as to generate an accurate
BlockChain.
• The mining diversity criterion establishes the rigidness of the scheme.
• The "one" value delineates that the rotation includes every permitted miner. Whereas
zero result means no restrictions at all.
Copyright© ToshendraSharma 6

7. PARAMS.DAT FILE
• In Multichain, the transaction fees and the Block incentive is null by default. However,
you can name these value in the params.dat file.
• This file encloses the whole configuration like:
o The protocol of the chain.
o Target time for the block.
o Active permission type.Mining diversity.
o Mining incentive.
o Approved type of transaction.
o Maximum block size.
o Maximum meta data per transaction.
Copyright© ToshendraSharma 7

8. OUR CONTACT DETAILS
https://www.blockchain-council.org
training@blockchain-council.org
fb.com/blockchaincouncil
@chaincouncil
WEBSITE:
EMAIL:
THANK YOU FOR YOUR TIME
Copyright© BlockchainCouncil 8
Blockchain CouncilComPany:
Sign Up Now