INERYBLOCKCHAIN’S PEER - TO - PEER NETWORK

Peer-to-peer refers to the exchange or sharing of information, data, or assets between parties without the involvement of a central authority. Peer-to-peer (P2P) involves decentralized interactions among individuals and groups.

A peer to peer database uses a network of various individuals' resources in a collective fashion to spread data and information amongst each other. Participants share processing capability, bandwidth and disk storage space to increase the ability of the collective network. The most common use of peer to peer databases is to share computer files as both suppliers and consumers.

Every transaction broadcasted on the Inery network must include the hash of the constitution. It is a part of the signature and thereby explicitly binds the signer to the contract. The constitution also defines the source code protocol and its human-readable intent. This intent is used to guide the community on the fixes after it identifies the difference between a bug and a feature when certain errors occur.

The Inery software enables blockchains to establish such a contract between the users. Other mutually accepted rules need to be established as well. Still, the content of this constitution defines obligations among the users. These obligations cannot be completely imposed by the code. Also, it assists the progress of dispute resolution by establishing jurisdiction and choice of law.

ABOUT INERY

Inery is the first-ever layer-0 blockchain offering the solution of decentralized database management with the vision to enable a new paradigm for data. Inery is designed to enable cross-chain communication of data, greater speed, and better security.

For more information about Inery Blockchain, visit;

Twitter: https://twitter.com/IneryBlockchain
Website: https://inery.io

Discord: https://discord.com/invite/inery