Beldex partners with Geometry Labs to scale up blockchain

economictimes.indiatimes.com:

Beldex Research Labs, the research wing of the Beldex project, partnered with Geometry Labs, a cryptography research and development lab, to scale up the Beldex blockchain. The partnership will address privacy in the blockchain and enable the development of privacy tools that will help users protect their data online. The blockchain intends to build private, autonomous platforms for free speech and an open peer-to-peer economy. Current blockchains and DApps built over them are autonomous but lack the privacy needed to keep gatekeepers at bay, the company said in a statement.

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The partnership with Geometry labs will help scale up the Beldex blockchain as more and more applications such as BChat are developed on top of the network. «We will provide technical consulting pertaining to cryptography and protocol design, scalability techniques, and applications for decentralized and private protocols,» said Mitchell Krawiec, Thayer, President and Chief Scientist, Geometry Labs. According to the company, this will provide better security and privacy as there are no middlemen to process and handle data, while the data itself remains encrypted. However, to maintain this status quo, the network needs to be devoid of censorship. The greatest risk to censorship in the blockchain is the centralization of the network's nodes which happens when running a node becomes expensive over time due to large data storage requirements. Beldex aims to lower the entry barriers and make it simple to participate in the network and achieve this through the implementation