What is a Minimum Viable Blockchain?
A minimum viable blockchain (MVB) is a term used by ChainZilla to describe a blockchain with core features sufficient to deploy the product and no other features. Developers typically deploy the blockchain to a subset of possible users and miners — such as early adopters thought to be more forgiving, more likely to give feedback, and able to grasp a product vision from an early prototype or marketing information. Additionally this is a longterm strategy for community building whilst your project moves out of the beta phase.
ChainZilla recommends Komodo assetchains for MVBs due to the network’s use of the delayed proof-of-work algorithm and flexibility. The dPoW layer protects your MVB by storing a history of all mined blocks into the Bitcoin blockchain. Working in tandem with the Komodo notary nodes, this mechanism reduces the chances of blockchains with low hashrates being compromised with 51% mining attacks. A PoS Altcoin is another alternative if your project requires a secure blockchain and doesn’t have the resources to secure the chain through PoW. If your project doesn’t require a native blockchain the most suitable options are ERC20 and NEM mosaics.
Additionally, ChainZilla’s MVBs are peer-reviewed by DevSEC. This provides projects with a state of the art blockchain that is safe to use and up-to-date with any vulnerability updates.
If you’re interested in launching your own blockchain or decentralized application reach out to a ChainZilla representative to schedule an initial consultation.