Hi everyoneWe are happy to introduce Doge Protocol, a post quantum blockchain with smart contracts support.
Websitehttps://dogeprotocol.orgWhat is Doge Protocol?Doge Protocol will be a combination of decentralized networks, smart contracts and decentralized apps (dapps), that form the backbone of this decentralization initiative. The primary component of Doge Protocol will be a quantum-resistant blockchain that supports smart contracts, side chains and is scalable in the number of transactions. A robust and scalable blockchain will be required to serve as the backbone for executing the vision of Doge Protocol, upon which other building blocks can be developed.
Quantum ResistanceThere is also a specific reason why this blockchain must be quantum-resistant. Due to the advent of quantum computers, there is an imminent threat to existing asymmetric encryption systems like RSA, ECDSA that are used to secure almost all the current blockchains. Using algorithms like Shor’s (rapid integer factorization) and Grover’s (quadratic mining speedup on Proof of Work systems), Quantum Computers can break current blockchains in different ways. One of the visions of the Doge Protocol is that it should be secure in the future as well. Security itself evolves over time, hence no algorithm should be deemed future proof, including current quantum-resistant algorithms. However, but from the current landscape, quantum computers are a viable threat to blockchains. Hence the vision is to build a blockchain that is resistant to currently known quantum computer threats and keep it evolving based on the changing security landscape. The actual technical details of the quantum resistance will be published in the Quantum Resistant Blockchain whitepaper, but at a high level, one or more of the known post-quantum digital signature algorithms like Dilithium, Falcon or Rainbow will be used to secure this blockchain from Quantum Computer based threats.
Consensus SystemThe blockchain will also need a consensus system that is secure, available, supports sharding (for scalability in terms of the number of transactions per second) and supports satellite chains (see the section below). At this point, various consensus systems including Proof-of-Stake (PoS), Delegated Proof-Of-Stake (DPoS), Hybrid model (PoS + PoW) are being evaluated. A follow-up whitepaper will detail the consensus model that will be used for the blockchain.
Doge Protocol TokenDoge Protocol Token (dogep) was released in September 2021, fairly on the Ethereum blockchain, with 100% of liquidity added to UniSwap and SushiSwap. A cap of 0.99% tokens per account was also enforced. The liquidity was also locked in UniCrypt till 2050. This token will be used for various DAPPS and also give the holders a stake in the upcoming Doge Protocol Blockchain and also potentially stake in the upcoming satellite chains (see the section on satellite chains below).
Satellite ChainsSatellite Chains are other blockchains of the protocol that support other use cases like audio & video streaming, file storage, key-value systems etc. Not to be confused with “side chains”, these satellite chains will be loosely coupled with the main blockchain and expose a different set of capabilities. Satellite chains may also use a different coin but will integrate into the main chain. More on this in a follow-up whitepaper.
Development Roadmap ItemsThe Doge Protocol community is happy to answer your questions.
Twitter:
https://www.twitter.com/DogeProtocol1Telegram:
https://www.t.me/dogeprotocolcommunityDiscord:
https://discord.gg/bbbMPyzJTM