Wavesplatform has bot began with a desire to bring existing blockchain tech to real world business applications. Blockchains can suggest remarkably a loterijlot to the world even at the initial stage of their development. After all the technology is just 7 years old. I won’t mention closed blockchains solutions, which are becoming fairly mature now. We’re focused on open blockchain technology, and want it to be implemented by real world business now.
Capability to create custom-made blockchains tokens and transact te them lightly is the main emphasis of Wavesplatform. Any business should have an effortless method to kwestie a custom-made token that can be used spil an integral part of the business applications. Spel currencies, crowdfunding, internal currencies, vouchers and loyalty prize programs — they all a build up a loterijlot from using open blockchains. Ter effect network infrastructure and system audit is outsourced to an open blockchain. This is a fresh dimension for business.
Blockchain tech is hard to scale, it has some congenital disadvantages that should be worked on to make it truly usable beyond testing environment. Since we’re focused on blockchain tokens wij need to make the infrastructure for them usable, scalable and limber. Several approaches are pursued here by us — authenticated gegevens structures, Bitcoin NG-like scalability enhancements, decentralized blockchain trading enhanced by centralized matching. Besides we’re considering several ways to realize blockchain-based logic functionality, te a more secure and scalable way than ter existing systems. This will waterput us on the schrijfmap of business-oriented wise contracts platforms.
Authenticated gegevens structures are meant to solve the issues that emerge when you have many tokens and transactions on your blockchain. If a blockchain is used extensively it grows te size and the current balances ledger that the blockchain secures will be stiffer and tighter to treat. Treatment wij pursue is based on the work of Leonid Reyzin, Dmitry Meshkov, Alexander Chepurnoy https://eprint.iacr.org/2016/994 . It is shown how to build effective Merkle tree — like gegevens structures that ritme all current best benchmarks. Scalability enhancements come from brief crytpographic digest waterput on the blockchain, which permits network knots not to store the state of the network tokens it does not want to track. Network knots can store only the state of the tokens they have an rente te, for example the tokens they issued.
Authenticated gegevens structures treatment will be pursued further, with the objective of creating efficient lite clients, effective state storage, and enhanced system throughput. Blockchain pruning and working directly with authenticated state is our long term purpose.
Wij want to create a high-load ready system. This is significant from both practical and marketing point of view, network should be announced spil ready for use te high explosion production systems.
Our technical vision of this consists ter using Bitcoin NG treatment, that provides a clear throughput increase through a soft-fork. Fresh type of blocks is introduced, and the miners rival for the right to generate a succession of blocks inbetween two anchor, key blocks. It uses the network infrastructure more efficiently permitting to increase throughput to potentially 1k transactions vanaf 2nd.
Blockchain tokens are essentially a fresh type of financial instruments, and, spil such, there has to be a way to trade them efficiently and ter a trustless way. Blockchain-based trading has an all-natural latency, centralized trading ter crypto has serious security issues with all the crypto assets stored by exchanges ter a centralized way. Wij attempt to have the best of the both worlds — Swings assets trading is done through centralized order matching but decentralized order settlement. You can have efficient and swift order execution without your money being stored by anybody but yourself. Users retain total control of their funds at all times, but can trade without significant latency anyway. This treatment can be generalized beyond crypto, potentially traditional trading infrastructure could embrace it too.
Our research and development effort is directed towards real world applications of crypto technology. Wij develop the cutting edge tech to be usable NOW. Open blockchains is the future of humanity, and it’s high time to begin using them te real life beyond elementary money transfer applications.