Topic: (ANN)PonD(Proof of network Dispersity) BlockChain Project (Read 414 times)
Too much texts here. Is it still an ongoing project or what? What's this proof of network dispersity all about? Can you give a good visual representation of that?
Is the tech being develop or it just planing??? I read the doc and seems quite interesting, no website, no community channel and no github's commit, you have so many homework dudes..... 
where is the coin , or this is just the idea ?
hi the solution is written on github but I do not see community activity in its pure form after 24 hoursI think this project will develop in closed form with our pvtnerami from China
I expected to meet interest here, but it turned out that this decision of asking the Byzantine generals will be quietly executed by a small circle of investments. Further we will show the POnD architecture from China in the full cost of the token. we will not use ico
you are the dev and your very poor process to publish your own idea has turned into less then successful , next time have some info in order and your ideas already for offering others the same or it will die with nothing .... just like this
Let’s talk about tech, baby
Tech problem #1
#Smartcontracts are supposed to be smart because they automatically complete a predefined task once a predefined input is registered. In many cases this works fine. For example on the PonD platform, smart contracts control the sales process. A photographic work is delivered to the buyer once the exact amount of #PonD tokens is sent for the purchase.
However in some touted use cases, for example a car insurance contract, an input to a smart contract would be whether or not a car accident has occurred. A smart contract (at least not currently) cannot be monitoring a car at all times for damage. Therefore a third party service is needed. In the blockchain world these are known as oracles.
The problem with oracles right now is how to trust the information that they provide. In the case of a car accident, someone would be needed to verify that an accident indeed has occurred.
Tech problem #1
#Smartcontracts are supposed to be smart because they automatically complete a predefined task once a predefined input is registered. In many cases this works fine. For example on the PonD platform, smart contracts control the sales process. A photographic work is delivered to the buyer once the exact amount of #PonD tokens is sent for the purchase.
However in some touted use cases, for example a car insurance contract, an input to a smart contract would be whether or not a car accident has occurred. A smart contract (at least not currently) cannot be monitoring a car at all times for damage. Therefore a third party service is needed. In the blockchain world these are known as oracles.
The problem with oracles right now is how to trust the information that they provide. In the case of a car accident, someone would be needed to verify that an accident indeed has occurred.
Benifits
Compared with "POW" and "POS", this model has the following benefits:
No hashpower competition and no high-energy-consumption; →
No "nothing at stake" and "stake grinding" attack;→
Optimized wealth distribution based on "stake" and Miners replace all the inactive nodes to maintain the network;→
The new way of mining competition helps change the environment of App or website development and improve the user experience of them.→
(note: Because this article is only discussing the situation of fully decentralized systems, protocols like "PBFT", "DPOS", "Ripple" will not be involved.)
Compared with "POW" and "POS", this model has the following benefits:
No hashpower competition and no high-energy-consumption; →
No "nothing at stake" and "stake grinding" attack;→
Optimized wealth distribution based on "stake" and Miners replace all the inactive nodes to maintain the network;→
The new way of mining competition helps change the environment of App or website development and improve the user experience of them.→
(note: Because this article is only discussing the situation of fully decentralized systems, protocols like "PBFT", "DPOS", "Ripple" will not be involved.)
on the basis of leadership we intend to open a bounty of support to society and also social communication channels
Read the github. Interesting idea.
hi thanks that you studied git only i think will pass the best time without active support for start POnD architecture where is the coin , or this is just the idea ?
hi the solution is written on github but I do not see community activity in its pure form after 24 hoursI think this project will develop in closed form with our pvtnerami from China
I expected to meet interest here, but it turned out that this decision of asking the Byzantine generals will be quietly executed by a small circle of investments. Further we will show the POnD architecture from China in the full cost of the token. we will not use ico
you are the dev and your very poor process to publish your own idea has turned into less then successful , next time have some info in order and your ideas already for offering others the same or it will die with nothing .... just like this
where is the coin , or this is just the idea ?
hi the solution is written on github but I do not see community activity in its pure form after 24 hoursI think this project will develop in closed form with our pvtnerami from China
I expected to meet interest here, but it turned out that this decision of asking the Byzantine generals will be quietly executed by a small circle of investments. Further we will show the POnD architecture from China in the full cost of the token. we will not use ico
you are the dev and your very poor process to publish your own idea has turned into less then successful , next time have some info in order and your ideas already for offering others the same or it will die with nothing .... just like this
good , we hope to see a website and social accounts , featuring roadmap , progress and other important info.
where is the coin , or this is just the idea ?
hi the solution is written on github but I do not see community activity in its pure form after 24 hoursI think this project will develop in closed form with our pvtnerami from China
I expected to meet interest here, but it turned out that this decision of asking the Byzantine generals will be quietly executed by a small circle of investments. Further we will show the POnD architecture from China in the full cost of the token. we will not use ico
reserve Chinese translation
Thank you Chinese translation is ready https://github.com/yj1190590/POnD/blob/master/README.md Do you have a website, whitepaper, or github available for this project and is it open source?
Hello, you can read the documentation https://github.com/yj1190590/POnD/blob/master/README_eng.md#proof-of-network-dispersity Thank you for interest in the project
where is the coin , or this is just the idea ?
reserve Chinese translation
Curious about this. I'm gonna follow this one.
Do you have a website, whitepaper, or github available for this project and is it open source?
Project Introduction
This project is aimed to build a set of blockchains with a new consensus protocol: Proof of network Dispersity, which could solve some common problems of existing POW and POS protocol to make it more environment friendly and fairer. On top of that, a series of blockchains with different tasks and functions will be established, necessary rewards will be distributed to developers within the protocol layer and simplify the business model of side-chain projects, which eventually makes this project as an open scalable system, and provides a safer, fairer and more flexible platform in the blockchain, especially cryptocurrency industry.
Design Background
My initial design intention is to create an unduplicated proof of capability by making use of the feature of network lantency to realize POW consensus with low energy consumption.
The "Proof of work" protocol is being criticized because of the energy consumption. But regardless of the energy problem, POW is still the most essential and effective method of the blockchain system. With the logic of "able people should get more pay", proof-of-work is the first consensus protocol that makes a total decentralized system work. All of the other protocols are following the same logic, like Proof of Activity, Proof of Burn, Proof of Storage, Proof of Elasped Time, and so on. "Proof of stake" is the most popular one of them because it doesn’t need any external resources and consumes low energy by expanding the main logic from "able people should get more pay" to "rich people should get more pay", which makes the mining competition is only among the static inner states and there is no need for power consumption. But "POS" mode has its own flaw such as "nothing at stake" which can casue multiple voting problem, "stake grinding attack" and so on. An inevitable problem of "POS" is caused by the logic: "rich people should get more pay". Whenever the miners spend the same amount of time, the richer ones earn more, so that the rich miners tend to spend more time to work than others. In that case, the rich miners will gradually become richer and richer and this process will be ever-accelerated until there are only some richest users left in the system. By the way, some POS protocols offer "interests" to every stake holders to replace the mining process. It seems that they resolved the problem above but those protocols are vulnerable for lack of incentive to maintain the network.
The original intention of this article is to find another low energy consumption "proof of ability" to replace "proof of stake". Considering the following fact: Because of the network lantency, the more online terminals work together, the faster they pick up randomly distributed information in the network. And this is a kind of "ability" that I called “network dispersity”. Which can not be improved by enhancing the performance of a single machine or using more electric power. In the process of the designing, I realized that the "stake" property is inextricable and the best choice is to use both "ability" and "stake" at the same time and users could determine by themselves whether to use "stake" or "ability". By Guiding the users with appropriate profit distribution to ensure the most fairness and safety.
Benifits
Compared with "POW" and "POS", this model has the following benefits:
No hashpower competition and no high-energy-consumption; →
No "nothing at stake" and "stake grinding" attack;→
Optimized wealth distribution based on "stake" and Miners replace all the inactive nodes to maintain the network;→
The new way of mining competition helps change the environment of App or website development and improve the user experience of them.→
(note: Because this article is only discussing the situation of fully decentralized systems, protocols like "PBFT", "DPOS", "Ripple" will not be involved.)
This project is aimed to build a set of blockchains with a new consensus protocol: Proof of network Dispersity, which could solve some common problems of existing POW and POS protocol to make it more environment friendly and fairer. On top of that, a series of blockchains with different tasks and functions will be established, necessary rewards will be distributed to developers within the protocol layer and simplify the business model of side-chain projects, which eventually makes this project as an open scalable system, and provides a safer, fairer and more flexible platform in the blockchain, especially cryptocurrency industry.
Design Background
My initial design intention is to create an unduplicated proof of capability by making use of the feature of network lantency to realize POW consensus with low energy consumption.
The "Proof of work" protocol is being criticized because of the energy consumption. But regardless of the energy problem, POW is still the most essential and effective method of the blockchain system. With the logic of "able people should get more pay", proof-of-work is the first consensus protocol that makes a total decentralized system work. All of the other protocols are following the same logic, like Proof of Activity, Proof of Burn, Proof of Storage, Proof of Elasped Time, and so on. "Proof of stake" is the most popular one of them because it doesn’t need any external resources and consumes low energy by expanding the main logic from "able people should get more pay" to "rich people should get more pay", which makes the mining competition is only among the static inner states and there is no need for power consumption. But "POS" mode has its own flaw such as "nothing at stake" which can casue multiple voting problem, "stake grinding attack" and so on. An inevitable problem of "POS" is caused by the logic: "rich people should get more pay". Whenever the miners spend the same amount of time, the richer ones earn more, so that the rich miners tend to spend more time to work than others. In that case, the rich miners will gradually become richer and richer and this process will be ever-accelerated until there are only some richest users left in the system. By the way, some POS protocols offer "interests" to every stake holders to replace the mining process. It seems that they resolved the problem above but those protocols are vulnerable for lack of incentive to maintain the network.
The original intention of this article is to find another low energy consumption "proof of ability" to replace "proof of stake". Considering the following fact: Because of the network lantency, the more online terminals work together, the faster they pick up randomly distributed information in the network. And this is a kind of "ability" that I called “network dispersity”. Which can not be improved by enhancing the performance of a single machine or using more electric power. In the process of the designing, I realized that the "stake" property is inextricable and the best choice is to use both "ability" and "stake" at the same time and users could determine by themselves whether to use "stake" or "ability". By Guiding the users with appropriate profit distribution to ensure the most fairness and safety.
Benifits
Compared with "POW" and "POS", this model has the following benefits:
No hashpower competition and no high-energy-consumption; →
No "nothing at stake" and "stake grinding" attack;→
Optimized wealth distribution based on "stake" and Miners replace all the inactive nodes to maintain the network;→
The new way of mining competition helps change the environment of App or website development and improve the user experience of them.→
(note: Because this article is only discussing the situation of fully decentralized systems, protocols like "PBFT", "DPOS", "Ripple" will not be involved.)
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