Three-dimensional Scalable Blockchain instant transactions 100k+ on-chain real-time auto sharding

Transcription

1 Three-dimensional Scalable Blockchain instant transactions 100k on-chain real-time auto sharding NEW PROTOCOL RESONANCE COMPLETELY NEW CODE TESTNET IS READY ThePower.io Whitepaper Technical paper (on demand) Tokenomics

2 01. Problems of Blockchains not widely used in real life and business low economic efficiency not scalable low privacy low network capacity low speed of transaction No real working breakthrough technology has been presented yet until now

3 02. Three-dimensional Scalable Blockchain 3 dimensions of blockchain: Decentralization through management nodes Dynamic scaling through auto-sharding Defence and security via validator teams Effective applicability for real life: Hybridity. Public and private blockchains in a single address space. Privacy. Safety of private data in a private shards and KYC proxy like a network mask. Usability. Best UX for users, developers and business. Flexibility. Independent economy in each shard.

4 03. The Power 6 features for apps and services: 1. Hybrid blockchain (public & private) 2. Fast and secure smart-contracts Dynamic auto scalability is achieved through sharding Bandwidth more than tps 3. Tools for blockchain based projects 4. Business automation tools 5. Decentralized computing & storage Synchronous high-load consensus Resonance (BFT) for instant transactions 6. Tools for migration from Ethereum Adjustable transaction time: less than 1 sec Customizable config of shards MVP: Power_wallet Production v. alpha Testnet Power_API Explorer Stable cost of financial transaction: ~ $0.01 Flexible economy for non-financial transactions

5 04. The Power vs Others Power Zilliqa QuarkChain PChain EOS Ethereum Hybrid (private&public) Public Public Public Public Public Transactions per second * Block creation time less than 1 s ~3 s - 2 min sec not declared 1s 10 s less than $0,01 not declared not declared not declared not declared ~ $0.5 Three-layer hybrid blockchain Two-layer blockchain Two-layer blockchain Two-layer blockchain Two-layer blockchain Blockchain Sharding Sharding Sharding Sidechains Sidechains - PoW PDBFT DPoS PoW Solidity Solidity C Solidity Type Transaction cost Architecture Scalability Auto sharding Consensus Resonance pbft (synchronous BFT) (asynchronous BFT) Smart contract language Rust / LLVM translator to WASM Scilla * transactions per second - tested successfully

6 05. Power_scalability vs Others Сross-chain transaction time Type of scalability Cross-chain interaction Power Zilliqa EOS Cosmos Plasma real-time from 2 minutes from 3 seconds ~ 9 seconds from 10 seconds real-time auto sharding sharding sidechains sidechains sidechains direct interaction additional confirmation at DS nodes level additional confirmation at root blockchain additional confirmation at root blockchain additional confirmation at root blockchain Real-time auto scalability Protection & security of shards Peak overloads resistance x5

7 06. Consensus Resonance vs Others The best synchronous consensus based on BFT & DPoS for instant transactions! Now is the time for synchronous consensus - other protocols of consensus are less effective * Resonance pbft ** DPoS PoS PoW less than minimal low medium high very high 51% of nodes in shards ⅔ of all nodes ⅔ of all delegated nodes 51% of stake 51% of mining power No forks optional No roll back of transactions Synchronous Time of transaction, sec Costs for consensus Attack resistance * communication channels have become fast, nodes work more reliably and require fewer stages to reach consensus ** pbft - asynchronous kind of consensus developed in 1999 for unstable internet connections does not provide instant transactions, though transaction are processed fast enough

8 07. Comparison for transactions Cost and time of processing for on-chain financial transactions Time of processing (sec) Cost ($) Option, who pays (User or Service) Power EOS Ethereum Bitcoin less than * less than 1000 not announced ~ ~ * in the case of ownership or leasing 1% EOS tokens

9 08. Real-time decentralised databus A real-time databus connects in a single address space separated business automated systems as well as scattered crypto platforms and solutions. Liquidity swaps for decentralised exchanges and OTC desks without security deposits Payment systems, banks and correspondent networks Sharing economy services API for blockchain based services IoT, M2M communications Automated systems interactions

10 09. Power_roadmap Blockchain Domination

11 10. Smart Key token SK token is like a "fuel" for all network interactions in the Power_blockchain. Token is used for: Payment for transactions and commissions Integrated platforms and services Smart-contracts Dapps Read more in Tokenomics. Total emission: Initial emission: SK for sale: Type of token: utility 1 SK = $0,01 HardCap: $

12 a. Minting & Data processing Benefits for Node Owners Power_network encourages creation and maintenance of nodes and shards. Fee mining getting a commission for data processing in the decentralised network. Nodes are rewarded by "par minting" and gradual emission. Data processing includes 5 types of tasks: Financial transaction registration Non-financial transaction registration Smart-contract calculations Blocks data validation Data storage

13 b. Power_store Marketplace of turnkey solutions Selections of the marketplace: 1. DApps 3. Templates KYC app Automated contracts Storage app Smart contracts, Smart Entities Privacy app Agreements and contracts Copyright for digital content 2. Modules IoT CRM ERP CMS Payment systems Private blockchains

14 c. Power_wallet More than a wallet Smart-assets Digital assets capable of interacting with Smart Blockchain Environment Decentralized applications DApps based on cross-platform interactions with a standard interface for users Power Store The blockchain marketplace for Dapps, modules and templates of smart contracts and private blockchains Voting Voting in different projects, platforms and communities using Power_Blockchain

15 Native token of Power_blockchain Smart Key Your key to the future ThePower.io Whitepaper Tokenomics