About Eleven01
Eleven01 is a project that uses blockchain to allow efficient collaboration between banks and clearing houses. Today our future is being shaped – blockchain is a technology that brings levels of transparency, security, and privacy that we couldn't even imagine just a few years ago.
Eleven01 is a project that uses the emerging technology to deploy a solution that will allow banks and clearing houses to set up efficient collaboration and store digital documents in a perfectly secure environment. Also, blockchain will allow processing transactions in a matter of seconds while guaranteeing total security and peace of mind!
Dynamic Consensus
Consensus in blockchain is when a majority of nodes come to a common understanding (consensus) and agree to a specific thing (in this case...validating the set of transactions result that is submitted by a miner, that makes for a block).
The logic of method of how the nodes (computers) arrive at a consensus is known as Consensus Algorithm.
Dynamic Consensus is the ability to be able to pickup any of the algorithm...dynamically by way of a trigger from a member node or administrator. Once most have voted then the switch to a newer consensus takes place.
The Eleven01 protocol has been created with the aim of bringing India ahead in the blockchain sphere. We have developed the protocol with the aim of raising a platform which allows the creation, publication, and extension of the core blockchain services in all sectors.
The mission is to launch a protocol which can interoperate with the other global protocols to form a syndicate of blockchain protocols. In the lead up to our launch, Eleven01 has already partnered with companies like
STATWIG,as well as governments and industry consortia including
State Government of Telangana, India, CWY & ICRISAT.
