[PRE-ANN]Crysto - The Blockchain Superhighway - page 3.

Hi, I'm Sky Guo. Today I'm honored to pre-announce our project, Crysto.

Crysto is a scalable, permissionless blockchain infrastructure, which adopts a hybrid consensus of proof-of-work and Byzantine fault tolerance. Its goal is to retain Bitcoin's open membership (permissionless) and bring transaction processing speed to thousands per second. The proof-of-work process, also called mining, elects a new group of leader nodes every few minutes, and the leader nodes validate incoming transactions through voting. Transactions are validated instantly after a majority of leader nodes approve them.

Our team is comprised of talents who attended world's leading universities and worked at top-rated multinational companies such as Microsoft, Amazon and Tencent. We have profound knowledge and experience in blockchain infrastructure, including Golang, network engineering, database system and cryptography.

Welcome to leave your thoughts below. Your feedback is valuable to us.

Highlights:

Proof-of-work leader election
Byzantine fault tolerance for instant transaction validation
Instant transaction verification and dynamic block size
Dynamic membership allowing nodes to freely join or exit
UTXO model for better privacy protection and scalability
Decoupling transaction processing from mining
Low transaction fees

Website:
http://crysto.io
Whitepaper (draft):
http://crysto.io/wp-content/uploads/2017/03/crysto_whitepaper.pdf
Team:
http://crysto.io/index.php/team/
Blog:
http://crysto.io/index.php/blog/

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