Multichain vs Bitcoin blockchain

+4 votes
If we look at the bitcoin block chain, any one can connect to the bitcoin blockchain and transfer assets on the chain.

If we compare the same scenario in multichain, how is that possible?
Reason for asking this-> in case of multichain, first we need to configure multichain on every node. Then we can transfer asset from this node.
asked May 17, 2017 by anuj

1 Answer

+1 vote
Best answer

Each MultiChain blockchain has a set of blockchain parameters which determine that chain's behavior, in terms of actions which are permissioned or non-permissioned. The one you want is anyone-can-connect. If you set this to true, then MultiChain nodes accept regular bitcoin-style handshaking (without nodes identifying themselves by address and proving they own that address), so any open source bitcoin wallet can easily be adapted to work with the network. The protocol is exactly the same – MultiChain just uses metadata within the rules of bitcoin's transactions format to represent assets (as well as permissions, streams, etc...)

answered May 18, 2017 by MultiChain
selected Apr 20, 2019 by anuj
Ok, I got that.

One more doubt regarding the same.
Like in Bitcoin network, we can have a thin client, where user can login using private key and transfer assets. Can similar happen with multichain?
So that every user doesn't need to create a multichain node on its machine.
Yes, absolutely, in general it works in the same way. But note that in a network not secured by proof-of-work, the thin client has to have somewhat more trust in the nodes that it connects to.