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Post by Hally Jakly   #122415    |    Apr 05, 2020, 11:26pm   |    Trading
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The evaluation of Blockchain has opened doors for research and development in this field. Since Satoshi Nakamoto’s introduction of Bitcoin back in 2008 the world of technology changed completely. It gave the world a new advanced technology to explore. Blockchain system has evolved, from solving problems to keeping up with future development, the cycle has not ceased. The reason it has become a huge success lies in the nature of this system, where it is consensus based and works without intervention of any authority.

There is no or less communication between blockchain with another blockchain. This creates hindrance in getting a connection across and expanding the horizon of the blockchain. Libonomy Blockchain has the feature of interoperability that will allow multiple blockchain systems to run under the umbrella of Libonomy blockchain.The Libonomy Blockchain can support public blockchain and private blockchain, both. Corporations and businesses can use the blockchain in their new business projects that can take the plan a step ahead in any sector of business.

Libonomy Blockchain

Libonomy is one of its kind blockchain that has achieved the goals of innovation. The kind of innovation it advertises attracts and reaches out to masses that have the knowledge that the system is fulfilling its role of greatness.

Transaction Per Second

  • TPS of a node is modeled as an evaluation function that takes node properties, nature of the network and safety elements as its independent variable.

Computing Power Ratio

  • Computing power ratio is the ratio of calculating force of a node to calculating force of the whole network,.

Exploit Finding Nodes

  • EF Nodes guarantee the security of the network. These nodes will be put off the network if any false nodes are found in the power pool.

Maintenance Nodes

  • Maintenance Nodes are backup nodes that are pulled out and assigned into their respective pool. AI engine will kick out the nodes from either pool, in case of a corrupt node.

Audit Nodes

  • Audit nodes will carry out the auditing of the pool on a constant basis. If any of the power nodes fail to fall within the threshold assigned by the audit nodes, the node will be removed from the network.

Virtual Voting

  • Every node in the network can spread signed information to its randomly chosen neighbours. With virtual voting, each node can determine if a transaction is valid, block upgrade and threshold upgrade. Signal Passing Digital pulse is generated with each communication, which is pulse based message communication the fastest possible technique for better communication and achieving high throughput of the whole network.

Gossip Algorithm

  • Multi-Layered Gossip involves attaching a small additional amount of information to a pair of gossip that contains the history about the nodes.

Power Nodes

  • These power nodes can be picked under a mechanism by an AI engine. The power nodes are namely classified into Lightening Nodes, Middle Nodes and Lower Nodes.

Neural Network

  • Neural Network is the main core used in this blockchain. It is inspired from the human brain, and neural network will help in classifying and clustering information. It will help in organising, storing and managing.

Network Proposal System

The network of Libonomy Blockchain is explained below, to grasp the working of the system.

  • The AI consensus engine will generate dataset of the nodes consisting the analysis of their performance, strength in being part of the blockchain and history of any activity in the algorithm.

The High Speed Autonomous Blockchain is taken into consideration

  • Pulse based message communication is used for data writing and sharing on distributed ledger. Pulse based message passing is one of the most advanced techniques to transmit and receive messages.

As the signals will pass the gossip protocol will be working to its full potential, then the Virtual Voting will utilize this information to upgrade the pools and data will be shared. Based on the rules accepted and generated by the AI engine and Pools, the State Engine Machine will maintain the system’s state and upgrade it dynamically.

The second stage begins with:

  • Public Blockchain Testnet is created which is identical to the software of the cryptocurrency, but does not disturb the main cryptocurrency software as it is an experiment.

Application layer will be used to create DEX, smart contracts and other DApps.

X-Virtual Machine will be part of the blockchain system:

  • Virtual Machine compiler will run and build smart contracts and DApps.

The above implementation plan of the Libonomy Blockchain fully considers the operation needs of the development of consensus algorithms, the building process of a Blockchain with AI engine and the ability enhancement process of the Blockchain community, so as to make the Libonomy Blockchain available as soon as possible, popularize it in the community and carry out process. Also, gradual improvements will take place in the Blockchain through constant iteration and upgrade.



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