Network
Introduction
EQ Hub's Network service is a service that supports you to quickly and easily create your own blockchain network through GUI without writing code.
Even without a high level of blockchain knowledge, Equilibrium engine-based blockchain includes all servers necessary for network operation, including node servers participating in the network, with simple data settings such as network name, coin name, coin issuance amount, and number of nodes. A network environment can be built in 15 minutes through an automated infrastructure system.
It is possible to set and operate coin issuance volume, transaction fee, node compensation, etc., by considering the monetization model suitable for the business purpose of the entity operating the blockchain network.
Equilibrium Engine
The Equilibrium engine is EQBR's own blockchain engine, the operator of EQ Hub. The consensus part of the engine is made with the consensus method developed by EQBR, and the execution part of the engine is made in an EVM-compatible way.
Glossary
Following is a glossary of terms to help you understand when using Network services in EQ Hub.
| Term | Description |
|---|---|
| Mainnet | As one of the blockchain network environments, verified developments are distributed through testnet, making it very stable and fully functional. |
| Testnet | As an experimental blockchain network environment for development, it is a network environment for testing services such as developed smart contracts or DApps. |
| (Type) Public | A network that is open to the public. Anyone can freely participate in core activities such as participating in the network as a node or creating tokens. |
| (Type) Private | This is a network that is not open to the public. Users other than the entity that created the network cannot access the network or participate in core activities. |
| Node | In blockchain technology, a node is a device that participates in a blockchain network. It runs software that satisfies the blockchain protocol and is usually divided into equalizers and light nodes depending on participation in consensus. |
| Equalizer (Equalizer Node) | A term that refers to a node that participates in consensus in EQBR's own blockchain engine. |
| Light Node | A node that does not participate in consensus and only stores data. Light Node serves as a communication channel between the server and the blockchain and can receive data stored in the blockchain. |
| Private Key | It is a key that has access to your assets. You can identify individuals and prove your transaction history, and when you use your private key to sign a transaction, you can move your funds without a third party or intermediary platform. If you lose your Private Key, you cannot get it back. |
| Keystore file | This is a text file in which the private key is encrypted with the password set by the user. The set password cannot be changed or recovered. |
| Coin | Although sometimes used interchangeably with the term token, coin refers to a currency that is not a token. Unlike tokens, coins are the only currency that exists on a blockchain network. It serves as the base currency of the blockchain network, and transaction fees can only be paid through coins. |
| Token | As one of the currencies of the blockchain, it means a smart contract-based fungible token. Unlike coins, tokens are currencies that can exist/create in various ways for each blockchain network. The native currency of a blockchain network is a coin, but tokens can also be used as the currency of a blockchain network. For more information, see Token docs. |
Updated almost 2 years ago