Quote from: FlawLezZ on February 03, 2017, 05:34:05 PM

Quote from: Twiggy Smile on February 03, 2017, 04:47:41 PM

Cutting edge blockchain tech for real world

Wavesplatform has been started with a desire to bring existing blockchain tech to real world business applications. Blockchains can offer surprisingly a lot to the world even at the initial stage of their development. After all the technology is just 7 years old. I wont mention closed blockchains solutions, which are becoming quite mature now. Were focused on open blockchain technology, and want it to be implemented by real world business now.

Ability to create custom blockchains tokens and transact in them easily is the main emphasis of Wavesplatform. Any business should have an easy method to issue a custom token that can be used as an integral part of the business applications. Game currencies, crowdfunding, internal currencies, vouchers and loyalty reward programs they all a gain a lot from using open blockchains. In effect network infrastructure and system audit is outsourced to an open blockchain. This is a new dimension for business.

Blockchain tech is hard to scale, it has some innate disadvantages that should be worked on to make it really usable beyond testing environment. Since were focused on blockchain tokens we need to make the infrastructure for them usable, scalable and flexible. Several approaches are pursued here by us authenticated data structures, Bitcoin NG-like scalability enhancements, decentralized blockchain trading enhanced by centralized matching. Besides were considering several ways to realize blockchain-based logic functionality, in a more secure and scalable way than in existing systems. This will put us on the map of business-oriented smart contracts platforms.

Authenticated data 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 in size and the current balances ledger that the blockchain secures will be harder and harder to handle. Approach we 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 data structures that beat all current best benchmarks. Scalability enhancements come from short crytpographic digest put on the blockchain, which allows network nodes not to store the state of the network tokens it does not want to track. Network nodes can store only the state of the tokens they have an interest in, for example the tokens they issued.

Authenticated data structures approach will be pursued further, with the goal of creating efficient lite clients, effective state storage, and enhanced system throughput. Blockchain pruning and working directly with authenticated state is our long term goal.

We want to create a high-load ready system. This is important from both practical and marketing point of view, network should be announced as ready for use in high load production systems.

Our technical vision of this consists in using Bitcoin NG approach, that provides a clear throughput increase through a soft-fork. New type of blocks is introduced, and the miners compete for the right to generate a succession of blocks between two anchor, key blocks. It uses the network infrastructure more efficiently allowing to increase throughput to potentially 1k transactions per second.

Blockchain tokens are essentially a new type of financial instruments, and, as such, there has to be a way to trade them efficiently and in a trustless way. Blockchain-based trading has an innate latency, centralized trading in crypto has serious security issues with all the crypto assets stored by exchanges in a centralized way. We try to have the best of the both worlds Waves assets trading is done through centralized order matching but decentralized order settlement. You can have efficient and fast order execution without your money being stored by anybody but yourself. Users retain full control of their funds at all times, but can trade without significant latency anyway. This approach 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. We develop the cutting edge tech to be usable NOW. Open blockchains is the future of humanity, and its high time to start using them in real life beyond simple money transfer applications.

Waves Wavesplatform Blockchain Bitcoin

Blog post - https://blog.wavesplatform.com/cutting-edge-blockchain-tech-for-real-world-d841fd56786e#.fszmk9wkf
Twitter - https://twitter.com/sasha35625/status/827545012745428992

First WCT then CAT then DEX, THEn MYCELLIUM, FIAT GATWAYS, now you use Bitcoin NG to keep the attention on wavesplatform ?
Instead of spamming articles can we see some progress ? or is it next week back to Tibix ? or maybe WCT or back to waiting for front end developer ?

You guys are all over the place and so much say say but nothing has been done so far
Yes i know we have lite wallet and full node etc, but so does every other coin.

Just waiting till me sell order gets filled then am out..so am hoping you will show something soon because starting a post with Cutting edge blockchain tech for real world is BS since currently wavesplatform doesn't provide any Cutting edge features

Oh, but this is what waves specialized in, groovy #blockspeak blurbs that look good on Medium....

But seriously, user base is the key, you are right. And in Waves insider bubble world, this is not yet understood ....