This is an impetuous era, selling novel concepts, telling touching stories, endorsing by celebrities, and only determining successes and failures by marketing! Whether the project is reliable or not is no longer important. “When and where this token will be listed ?” is the core competitiveness of a blockchain project. For a practical blockchain-development team, this seems to be a brutal era of darkness.
However, we are not pessimistic.
We firmly believe that there is a group of people who really understands what blockchain is! They know where the pain points of the current program are. They know which technical solutions are feasible. They will read the white papers carefully. They have their own independent opinions and they are able to identify fraud and inconsistency. There may not be a large number of people in this group and they may be quietly observant, but they are important forces that can promote the progress of blockchain technology.
If you are one of them, GAIAWORLD will create a true third-generation blockchain as a gift for you.
GAIAWORLD believes blockchain must be decentralized and there is no centralized or semi-centric blockchain. The blockchain must be a public chain, and the public chain should play the role of each consortium blockchain, but such consortium blockchain cannot be regarded as a real blockchain. Regardless of how they boast, a semi-centralized consortium chain is not a real blockchain.
GAIAWORLD also believes the third-generation blockchain should have at least the following characteristics:
Fast transaction speed and low transaction costs
Autonomy on the chain
interaction with the real world
Easy to expand
In order to accomplish these features, GAIAWORLD has implemented five core functions.
CPOS
For cost and efficiency reasons, POS is a better choice than POW, and POS is also the trend of future blockchain development. Compared to DPOS’s semi-centralized solution, GAIAWORLD firmly believes that completely decentralized POS is the only choice for blockchain development. The CPOS is therefore proposed by GAIAWORD to become the consensus algorithm of node rights based on competition. CPOS address with the highest voting power as a block creator through competition, such as the usual equity certification program with the concept of voting rights. GAIAWORLD also employs verifiable random function to improve fairness and avoid collusion, that is, the voting rights are not only related to the deposit, but also related to the random number of the block. In order to increase the block speed, we also introduced the concept of grouping. In the test environment, our trading speed is stably within 1s, and the forking will converge quickly. The mathematical proof of the program is being conducted by two separate teams from Taiwan and SouthEast University in China respectively.We will publish our research results in the form of papers in the near future.
Verifiable Random Function
We believe that random numbers should be implemented at the bottom level as a basic function of the blockchain. We investigated almost all blockchain random number implementations and finalized our own verifiable random number generation scheme. Each number of block will generate a random number by the block generator. The method of generating a random number and the corresponding public key are announced in advance. After the random number is generated, the block generator also publishes the private key of such random number such that all nodes can verify the said random numbers.
Autonomous committee
A decentralized blockchain should be self-governance. Autonomy makes the blockchain difficult to control by a single financial and political entity, and autonomy committee should be the cornerstone of the blockchain. GAIAWORLD provides a three-tiers arbitration committee at the bottom of the blockchain to achieve autonomy in the chain. Autonomy is a social issue, not a purely technical issue. Therefore, the design of our autonomous committee draws on the accomplice of the Anglo-American legal system and the Roman law system. All chain affairs can be submitted to the Autonomous Committee for trial after paying a certain trial fee. First, a jury trial; if you do not accept, you can apply for a second trial; if you still do not accept the second trail, you can apply for a judicial trial; the trial of the judge is the final trial, there will be no retrial. Of course, the premise of self-governance is that the members of the community are driving the good. If there is no such premise, there is no reason for the self-government committee to exist. The Autonomous Committee is essentially a forecasting system that predicts who will win the trial, predicting the correct node will be rewarded, and punishing the evil node
GAIA Parachain
The greatest value of GAIA parachain is to provide extremely high scalability. Developers and companies can establish their own parachains, each parachain enjoys all basic functions of the main chain and is able to exchange values within the main chain. Our initial design was to not provide application-level services, the main chain only provided the value exchange with parachains, and the application-level services should be provided by parachain. Since GAIAWORLD is based on the CPOS mechanism, the existence of parachains does not have significant impact on the security of other parachains, and if one parachains can attract enough nodes, they will back up the main chain and make the main chain more secure. The main chain and the parachain complete the message and value transfer through the value swapping channel. Moreover, not only can parachains use value swap agreements, other blockchains can also access value swap agreements and achieve value interchanging with GAIAWORLD.
GAIA Shield Protocol
The GAIA Shield Protocol is essentially a special smart contract specification. This special smart contract is called the shield contract and it is to communicate with the world outside the blockchain. GAIA Shield Protocol describes the services provided by the contracts and their fees, and charges a corresponding percentage of the deposit accordingly. GAIA Shield Protocol provides interfaces and ranking mechanisms to reward honest contract providers, while providing reporting interfaces and margin confiscation systems to punish providers of malicious contracts. Consumers will tend to trust the top Shield contract, which will give the contract provider an extra bonus each time when it executes. There are usually multiple Shield contracts with the same service, so consumers can ensure the accuracy of information by obtaining the results of multiple Shield contracts at the same time. The Shield agreement still supports the three-tier arbitration committee, and consumers can recover the losses caused by wrong execution of the Shield contract through arbitration.
GAIAWORLD firmly believes that the bubble will burst and the rationality will eventually return. GAIAWORLD is willing to create a better future together with whom really understand the blockchain.
GAIAWORLD is a gift to people who really understand blockchain.
Our Telegram group is coming soon. Stay tuned!