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We are a Korean blockchain R&D company focusing on cryptocurrency.
Our project have started interacting with the online Korean cryptocurrency communities.
With the support from the communities, we have lately succeeded our crowdfunding and raised about 2400 ETH.
As our development progresses, we'd like to present our project to the broader community.
Please visit our site and join our community.
Any comment is welcome.
“Why isn’t there a cryptocurrency easy and fair for all to mine?”
Having started with this question, Astronet (ANET) is a platform cryptocurrency designed to solve the existing cryptocurrencies’ problems: mining oligopoly and huge waste of electricity and computer resources.
Latest Updates
[Feb. 12 2018] Announcement about last week’s major activities and recent EtherDelta-related issues Link
[Feb. 8 2018] Last week Astronet Team had meetings with various business partners Link
[Feb. 1 2018] The schedule of ASTR1 token swap to ANET is confirmed Link
[Jan. 29 2018] Commencing Overseas Marketing and Bounty Campaign Announcement Link
[Jan. 23 2018] New Official Kakao Talk Chat Room, and Astronet Weekly News Link
[Jan. 15 2018] Astronet’s ICL quantities are all sold out Link
[Jan. 7 2018] Recent News Link
[Dec. 30 2017] Started ICL to raise development fund.
Design Goals
Our goal is to develop a cryptocurrency whose use and mining are available to everyone to secure broader user base as we believe the blockchain technology with more user base is more useful and thus more profitable.
Under the motto ‘Everyone can mine anytime and anywhere’, Astronet provides the following features:
Greater Accessibility
You don't need a high-spec computer or a lot of capital because you can mine Astronet through Proof of Time using Proof of Human; the barrier to entry for the mining is very low.
Astronet's mining algorithm is very simple. A miner proves oneself to be a human first (Proof of Human) and then proves the time invested (Proof of Time) to create the Astronet block.
To maximize the accessibility provided with Proof of Time algorithm, we will make the mining available on PC and smartphones.
High Energy Efficiency
An enormous amount of energy is consumed to mine existing Proof of Work cryptocurrency such as Bitcoin and Ethereum. In Astronet’s Proof of Time mining, the only hashing power you need is 'your time'; the power used for the mining of Astronet is only the power supplied to the computer and the monitor. The price of Astronet is determined by value of the time invested by miners for Astronet mining. So, it doesn't need to consume high electricity.
Fair Mining based on Proof of Time
Time is equal for all. Everyone has the same absolute time. Time is precious than gold. There is no one who doesn't value one's own time. This is why the basic unit of the minimum wage is 'time'. Based on the fact, the Astronet Team has designed the cryptocurrency mining fair for all. For the same time, even people with a lot of money and people with good computers can mine only the same quantity of Astronet as ordinary people.
Technical Advantages
Astronet has started with a simple idea, but it does not mean the technologies that realize the idea are simple.
Astronet Cloud Mine
Astronet cloud mining pool exists on the network. It safely stores your Astronet with the double wallet security system equal to existing cryptocurrency exchanges. You can access to your own mining pool without passwords or personal information — the only thing you need is your Ethereum wallet account address.
Proof of Human
The block generation method for the Astronet is based on the HumanCoin of the Designing Proof of Human-work Puzzles for Cryptocurrency and Beyond (Professor Jeremiah Blocki).
The core of PoH is to acknowledge the limitations of the method of distinguishing between human and AI. At present technically, there is no computer-verifiable problem that an AI cannot solve but a human can solve easily. However, Astronet's Proof of Time (PoT) can intentionally lower the profitability of artificial intelligence by adding a certain amount of time delay to the Proof of Human (PoH), making the profitability of human and artificial intelligence similar.
Another technology to countermine the artificial intelligence is Adversary Attack, with which we can design puzzles that a human can solve without a problem, but an AI can get confused. We will design our own Adversary Attack and use it for the CAPTCHA and image recognitions used for the Astronet cloud mine's Proof of Time and Proof of Human.
Blockchain Branch
It simplifies hard forking to create a side blockchain that shares hashing power with the main blockchain. A side blockchain formed by a branch constitutes its own main network, not affecting the main blockchain. This is a breakthrough in the existing ICO, making it easier for companies and individuals to create their own private blockchains.
dApp Store
It is a centralized application. It allows selling and buying dApps running on a blockchain like the existing App Store. We will attract talented developers with dApp Store to promote dApp trading. With our dApp Store, developers will develop a dApp and make profits from it easily.
Homomorphic Encryption
In the conventional encryption, decryption process is a must for the operation. Security issues usually occur in this process. With the homomorphic encryption it can be operated in the encrypted state. Thus, homogeneous encryption technically enables complete anonymity within a blockchain, realizing the truly decentralized blockchain.
Our technology is based on the fully homogeneous encryption scheme that is not susceptible to Shor’s algorithm, which also means it’s quantum resistant.
Lightning Network
This technology boosts the speed of transaction process. It is possible by dividing transactions into the internal and the external transactions. The internal transaction is with trust and it is processed not on the blockchain, whereas the external transaction is processed trustlessly on the blockchain.
