What is Catenis?
Catenis makes integrating with and building apps enabled with Bitcoin blockchain functionality easy. While most believe that the Bitcoin blockchain can only be used for transacting Bitcoins, Catenis expands the capabilities of the Bitcoin blockchain through an innovative second layer technology that allows app developers to harness the power of the world’s most powerful blockchain. It ushers in the de facto decentralized computing network and app-building ecosystem. Catenis runs as a second layer protocol and is accessed via web services technology. Second layer technologies and protocols sit on top of a base layer, which in this case is the Bitcoin blockchain. Catenis makes the base technology, namely the Bitcoin blockchain and its associated protocols, more powerful and easier to interact with. Catenis enhances many of the underlying services of the Bitcoin blockchain while adding enterprise-ready features. Using Catenis makes building apps or integrating existing apps with the Bitcoin blockchain faster, cheaper, and easier. Catenis’ web services layer facilitates peer-to-peer communication, governance applications, chain-of-custody solutions, non-fungible tokens (NFTs), and highly secure messaging. It allows organizations to innovate faster, improve business agility, and increase efficiency. This creates a clear competitive advantage while providing significant cost reductions. The robust nature of the blockchain facilitates the secure flow and storage of information and the creation and transference of digital assets (tokens) across peer-connected applications, systems, and devices. Catenis allows customers to fully engage the power of this global, highly fault-tolerant, cryptographically secured network with ease by providing a complete blockchain integration platform.
The addition of numerous blockchain enhancements across its second layer protocol adds many needed features such as military-grade encryption, notification services, the ability to implement access controls across apps represented by blockchain addresses, etc.. This is all done while using Bitcoin public addresses, and recording interactions across the input/output system of the Bitcoin blockchain.
Advantages of using Catenis
- No knowledge of blockchain or crypto is required
- Contains drag and drop interface to build apps (with Catenis Flow and Catenis Blocks) for non developers
- Contains powerful APIs for developers
- Adds easy to implement peer-to-peer messaging and content logging on the blockchain
- Allows user to issue, distribute, transfer, and track Smart Assets (tokens)
- Imposes no limits on message size (documents, movies, CAD files etc.) for both messaging and logging
- All data is encrypted (clear data is optional)
- Transactions across apps can be permissioned
- Powerful notification event system for real world solutions And much more!
To facilitate integration with the global Bitcoin blockchain for business solutions Catenis employs an advanced credit system technology – called the Catenis Credit – this technology abstracts all Bitcoins so customers do not need to purchase, store, or secure Bitcoins. The Catenis Credit technology is how customers pay for usage and allow for network fee payment to be decoupled from any centralized Blockchain of Things infrastructure. The Catenis credit technology encodes credits across the decentralized Bitcoin blockchain allowing the blockchain to maintain the credits for applications built using Catenis. The underlying technology offloads the complexities of creating transactions and paying fees in Bitcoin, eliminating all risks associated with purchasing and maintaining custody of Bitcoins. This results in a zero risk, zero liability approach to building blockchain applications. Additionally, it adds a layer of resilience for Cateis enabled applications by distributing and securing the credits across the global blockchain. No central points of attack or failure so apps remain up and fault-tolerant.
Due to employing the advanced Catenis Credit technology the Catenis platform is NOT suitable for the following types of blockchain applications:
- Wallet Apps for sending and receiving Bitcoins
- Bitcoin payments apps