Updated following review by Richard.

Signed-off-by: jamescarlyle <jwgcarlyle@gmail.com>
This commit is contained in:
jamescarlyle 2019-01-02 18:57:53 +00:00
parent 385755fb1a
commit d59587d320

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@ -3,16 +3,16 @@ Corda Network
Introduction to Corda Network
-----------------------------
[Corda Network](https://corda.network/) is an publicly-available internet of Corda nodes operated by network participants. Each
node is identified by a certificate issued by the network's identity service, and will also be identifiable on a network map.
[Corda Network](https://corda.network/) is a publicly-available internet of Corda nodes operated by network participants. Each
node is identified by a certificate issued by the network's identity service, and will also be discoverable on a network map.
Corda Network enables interoperability the exchange of data or assets via a secure, efficient internet layer in a way
that isn't possible with separate, isolated Corda networks. A common trust root surrounds all transactions, and a consistent set of
network parameters ensures all participants may transact with each other.
The network went live in December 2018, and is currently governed by R3. An independent, not-for-profit foundation has been
set-up to govern the network, and a transitional board of participants will be elected in Spring 2019, which will oversee the foundation
until democratic elections are held a year later. See the [governance model](https://corda.network/governance/governance-guidelines.html)
set up to govern the network, and a transitional board will be selected from initial participants in Spring 2019, which will oversee
the foundation until democratic elections are held a year later. See the [governance model](https://corda.network/governance/governance-guidelines.html)
for more detail.
The network will support many sub-groups of participants running particular CorDapps (sometimes referred to as 'business networks'),
@ -33,9 +33,9 @@ The Identity Service controls admissions of participants into Corda Network. The
signing requests (CSRs) from prospective network participants (sometimes via a business network operator) and reviews the
information submitted. A digitally signed participation certificate is returned if:
* The participant meets the requirements specified in the bylaws and policies of the foundation (broadly speaking, limited to
sanction screening only);
* The participant agrees to Corda Network participant terms of use.
* The participant meets the requirements specified in the [bylaws and policies](https://corda.network/policy/admission-criteria.html)
of the foundation (broadly speaking, limited to sanction screening only);
* The participant agrees to Corda Network participant [terms of use](https://corda.network/participation/terms-of-use.html).
The Corda Network node can then use the participation certificate to register itself with the Network Map Service.
@ -47,7 +47,7 @@ Corda Network nodes.
Notary Service
--------------
Corda design separates correctness consensus from uniqueness consensus, and the latter is provided by one or more Notary
The Corda design separates correctness consensus from uniqueness consensus, and the latter is provided by one or more Notary
Services. The Notary will digitally sign a transaction presented to it, provided no transaction referring to
any of the same inputs has been previously signed by the Notary, and the transaction timestamp is within bounds.