[PROJECT] cross chain PalletOne- serves as a common chain

ponyblockchain (27)in #bitcoin • 6 years ago

Although Liuyan is happy, evolution is more important. 08:48 every day, let's grow up and jump together.

In these days, the price of the money plunged, a short period of intense fluctuations in many people's mood is not beautiful, AlphaBo is no exception, in the market for a long time naturally understand, rise and fall homologous, expect high returns must be able to bear relatively high risk, otherwise, the clearing out, the money in the bank, about 4% of the annual financial management can make you safe. Go to sleep and don't use the roller coaster as it is now.

Guru predicts in the search for the Holy Grail:

In the past 4 years, the total market value of encrypted assets has approached or exceeded that of gold, and the total market value of gold is currently $8 trillion.

In particular, it emphasizes that the credibility of this conclusion can reach 90%. In the future, the market value of public chain projects will be half of the $8 trillion.

According to the current statistics of https://coinmarketcap.com, the public chain project of TOP100 is selected as follows: (first 10):

The early block chain industry is like the early Internet, the public chain, the underlying operating system, and a technical platform. It is of great value. In a sense, it is the Window or IOS in the area of the block chain, and it is also the place of war.

Some people say that 2018 is the first year of the chain, in fact, I would like to say that with the development of block chain technology, the public chain may be the focus of the future every year.

The most famous public chain is the bitcoin, the ether Fang and EOS, which represent the block chain 1, 2, and 3. In addition, there are Cardano and Zilliqa through technology to improve the throughput of the main chain network. There are Aelf and Dfinity to improve the processing efficiency of the block through the cloud computing.

So, the problem appears, everyone is developing their own public chain, playing like a raging fire, every public chain like a lonely island, bright lights, lively, but there is no bridge between the islands and islands, and can not communicate effectively. There are some ironies:

Value swaps between fragmented chains that claim to be de-centralized rely mainly on centralized exchanges, and the value of assets in the chains cannot be reasonably evaluated.

At present, block chain technology is facing severe challenges in scalability, cross-chain interoperability and so on, so distributed cross-chain protocol PalletOne emerges as the times require.

                                                                                   Project introduction (what)

PalletOne, the Chinese translation of "palette", the full name is Protocol for Abstract-Level Ledger Ecosystem
According to the official description:

PalletOne wants to create a high performance high performance cross chain common carrier for China's value circulation. PalletOne links chain links and establishes a "chain network". It makes the value flow of the block chain "isolated island" unimpeded, and becomes the IP protocol of the block chain world, maximizing the value of the block chain network.

The framework of PalletOne is as follows:

                                                                                  The core features of the project (how)

The interlink operation between chain and chain is becoming more and more important, which leads to the increasing demand for cross chain. In essence, cross chain technology is to realize the problems of atom trading, asset conversion and interworking in block chain. There are many cross chain projects and many solutions, and the cross chain technology is mainly three. Seed implementation pattern:

Notary model (Notary Schemes)

Side chain (Sidechains) / relay (Relays)

Hash lock (Hash-locking)

The specific content of these models, you can refer to the monkey article playing with fire: block chain outward expansion and connection of the bridge - chain technology

There are some differences between PalletOne and other cross link technologies in application scenarios.

Pallet itself is not a block chain, and its goal is to decouple applications, smart contracts, and underlying chain books into a thin waist. Applications deployed on Pallet can be flexibly migrated on various chains and quickly adapt to various new underlying chains.

The technology that distinguishes it from other projects lies in the characteristics of the project. It can be expressed simply by CUTE:

C:high Capacity High performance

The arbitration intermediary refers to EOS's DPOS, but only responsible for initiating the contract. The execution of the contract is executed by multiple juries in parallel. When writing, there is no block, but the DAG is written in parallel, breaking the traditional blockchain thinking—PalletOne adopts “ Parallel computing + parallel storage, so performance is better than the blockchain system using DPOS.

U:high Universality

DApp can be deployed on different chains at the same time, and is not restricted by the underlying chain. PalletOne's adaptation layer can realize the exchange of information or value with other blockchains, and has high versatility.

T:safe and smart Token model Safe and convenient pass model

Designed a pass-through abstract template, PalletOne provides support for the pass-through model on the underlying data structure, so that the data of the pass is isolated from the contract data, making smart contract writing easier and safer.

E:healthy Ecosystem Steady Ecology

Contract template registration and usage charging mechanisms are provided to encourage innovation for contract developers, allowing developers, users and “miners” to take their needs in the PalletOne platform.

                                                                                   Project team and investor (who)

Zhu Peijiang: Co-founder of PalletOne, Secretary-General of the Zhongguancun Blockchain Industry Alliance. He graduated from the Department of Electronic Engineering of Tsinghua University in 1998. He has long been engaged in network, video and blockchain technology research. He has served as deputy director of a national research institute and professor-level senior engineer. He is currently a member of the FCoin Currency Reform Committee.

At the same time, PalletOne has thinkers, pilots, and consultants, Meng Yan, two leading figures of the general public, making the project far-sighted in the design of the pass-through economy and community governance logic.

At present, the investment institutions that the project has obtained include nine investment institutions such as Singer Capital and Water Drop Capital.