Light Paper v1.0. Leep Network

Transcription

1 Light Paper v1.0 Leep Network Leep Network, 2018

2 A NEW ERA FOR DATA Distributed Ledger Technology (DLT) is a database that is consensually shared and synchronized across a network of computers where there is no one point of centralized governance. This powerful data structure allows for various types of data to be stored and read securely, automating and streamlining information systems for increased efficiency and robustness that is algorithmically and user-governed. THE LEEP NETWORK Leep Network is a blockchain ecosystem focused on scalability and security. We provide technological infrastructure for large and small businesses, entrepreneurs, developers, and investors. Leep is founded by a collective of individuals who believe that decentralized self-governance and financial transparency are essential ingredients for today s financial, technological, and social platforms. We are creating an algorithmically structured and user-governed currency and an application platform that supports business and world-changing sustainable technology. 2

3 IDENTIFYING THE HURDLES There are recognizable issues that exist in blockchain and Distributed Ledger Technology. Despite their reign and longevity, the way that Bitcoin, Ethereum and their counterparts are designed allow us to identify these limitations and effectively solve them. THE SOLUTION The Leep Network is the first blockchain that works as an ACID compliant database. ACID compliance is important for a series of transactions that all complete successfully, or no transactions are submitted. The Leep Network topology is flexible for easy integration with software applications, providing a robust and scalable network that has been designed in order to effectively handle a variety of use-cases. The Leep network infuses proprietary protocols and proofed mechanisms for security to achieve this. 3

4 INTRODUCING POLLEN Pollen is a protocol that monitors the Leep Network and intelligently delegates broadcasted transactions to dynamic node pools based on their workload, optimizing the performance and minimizing network congestion for any application running on the network. In order to provide a balance between security and performance, we are using a special data structure that gives us mathematically provable benefits. Instead of using a pure blockchain for all transactions, smart contracts, data resources, and execution, we allow zones to be created in a graph. This graph has no orphan transactions and all data required is always provided as closure. The Directed Acyclic Graph (DAG) we implement organizes the data for provably secure transactions. The basic results of the transactions are recorded into a lightchain and the original data can still be queried long term. 4

5 NETWORK TOPOLOGY Transaction Sender Gateways Databases Scribe Nodes App Nodes Databases Databases Lightchain 5

6 DIRECTED ACYCLIC GRAPH In a DAG structure, all of the transactions to process results will occur after their resources are available. The DAG clearly solves the double spend problem through the mathematical closure property of the graph. Every interested party is informed about every transaction. We facilitate the DAG further by providing reverse lookup on wallets, so closure is guaranteed instead of asserted. With a traditional blockchain, all transactions are performed in a sequence, and the resources available at the time of execution are included in the data. Since blockchain does not guarantee the order of execution, some transactions will fail. Using a blockchain data structure, the list of transactions to include in a block is randomly selected by the miner who wins the block, and may only process high fee transactions. DAG based Database Nodes have a distinct advantage over Blockchain Nodes; in Blockchain the proof of state is maintained by every node performing every calculation. Errant calculations create forks, which must be discarded by the node. The DAG geometry is a proof of inclusion and an isolated calculation would not be included in the DAG. This advantage creates additional optimizations in both verification and speed of execution. 6

7 GLYPTOS Each block of transactions will be treated as a single Glypto. A Glypto is our intermediate data structure that allows blocks of atomic interdependent transactions to occur in a specific order. A Glypto can be a single transaction or a block of transactions. Glyptos are ACID compliant database operations, on complex groups of data. Put simply, if Smart Contracts are SQL on blockchain technology, Glyptos are T-SQL (Transactional Simple Query Language) on the blockchain. The Leep Network is built to be secure and easy for businesses to implement while providing robust solutions for small and Big Data. Blockchain can t group transactions, can t order transactions from multiple people, and struggles to make one transaction depend on the results of another. Leep does these automatically in ACID Compliant mode. LIGHTCHAIN Transactions are finalized by being published in the Lightchain. The inclusion of Transactions into the Lightchain is performed after Database Node collaboration, with assistance from Scribe Nodes. The blocks will contain summaries of transactions, with full transaction details in the database nodes. Every minute the blocks will synchronize with network time, so time and dates can be accurately predicted by block number instead of approximated. 7

8 SMART CONTRACTS A Turing Complete smart contract allows for a fully functional programming language in a virtual machine. The main advantages of smart contracts are automation, transparency, conditional execution and payment. The initial work in this area has been very fruitful and diverse, but development has been stymied by lack of certain features. The most notable of these is ACID compliance for batch processing with deterministic order (instead of being random or miner based). The difficulty of integration with outside networks has been rewarded with bounty systems in LiteCoin, Ethereum, Monero, DASH and Bitcoin networks. A Smart Contract language needs enough primitives to assemble higher level logic, and the cryptographic methods to perform all of these operations. Performing these transactions in network using primitives is much more efficient than performing the same transaction in network using a higher level language. LEEP INNOVATION As scalability and network throughput issues are easily identified, a reactionary measure has been taken by a new generation of DLT projects to mitigate these shortcomings. While these technological advancements and solutions address network usability and security, many of these projects are unable to clearly define how exactly their technology can benefit feasible applications. This creates a homogenized space where there is an abundance of great network capability, but a disconnect between the technology and how it can be integrated with valuable use case scenarios. 8

9 AN INCUBATOR FOR ECOLOGICAL SOLUTIONS Cryptocurrencies provide ways of generating resources to help fund industries in a self-governed manner. We see a lack of attention being given to innovative and new ecologically sustainable startups and we believe that we can use our economic model to help crowdfund areas of research and development. Leep Network implements a mechanism that allocates dividends to projects based on a voted governance. Through smart contracts, nodes that are staking Leep tokens are awarded Leep coins for their involvement in processing network transactions and staking tokens. Percentages of revenue generated from all Leep Network transaction fees and staking will be allocated to a publicly viewable treasury wallet and dispersed to eligible projects on the Leep Network using a vote based investor governance model. Leep network provides flexible support and is geared for many industries. It is not limited solely to ecological applications, but we are interested in providing solutions for projects that have real-world value and can benefit the environment and quality of life. CONCLUSION By creating a robust and scalable network that is secure and flexible, Leep provides solutions for businesses of any industry that can benefit from being a part of the Leep Network. Leep Network s innovative technology is focused on disrupting existing business models that are unsustainable and detrimental to the environment and to consumers. 9

10 DISCLAIMER This document is a technical white paper which presents the current and future development strategies for Leep Network. The sole purpose of this document is to provide information. Unless explicitly stated otherwise, the innovative technologies described in this document are under development. Leep Network does not provide an affidavit for the successful development or execution of such technologies. Leep Network rejects any liability for quality assurance of technologies implied within this document. Leep Network does not have a legal liability for losses or damages that occur due to errors, negligence, or other acts in relation to this document. While the information included in this publication is from sources deemed to be trusted and reliable, Leep Network is not liable for quality assurance, confirmation, or affidavits regarding the accuracy of this information. The information presented in this document may change without notice. Leep Network has no obligation to modify or renew this document and is not obligated to provide notice to subscribers if any document alterations or errors arise in the future. Leep Network, including all employees and representatives, is not responsible or liable to any person(s) for any statements, opinions, or information contained within this document. Each recipient is to rely solely on their own due diligence and assessment of the matter which is the subject of this document and any information provided must be verified by the recipient to provide satisfaction of accuracy and completeness. While every effort has been made to ensure that statements or facts within this document are accurate, this document must not be construed as a representation that the matters referred to will occur. Any projections mentioned in this document may not me achieved due to multiple risk factors including limitations in technology developments, initiatives, or enforcement of legal regulations, market volatility, sector volatility, corporate actions, or the unavailability of complete and accurate information. Leep Network accepts no responsibility for any material provided within this document. This document is not intended for distribution or use by any entity who is a citizen or resident of any jurisdiction where such distribution, publication, availability, or use would be contrary to regulations. This document is only available on and may not be redistributed, reproduced, or published in part or whole for any purpose without prior written consent from Leep Network. The manner of distributing this document may be restricted by law or regulation in certain countries. This document is not a product disclosure statement or any other regulated offer document. It has not been endorsed by, or registered with, any government authority or regulator. The distribution and use of this paper, including any elated advertisement or marketing material, and the eventual sale of tokens, may be restricted by law in certain jurisdiction and potential purchasers of Leep tokens must inform themselves about those laws and observe such restrictions. Failure to comply with any restrictions may constitute a violation of application laws. By accessing this document, you agree to be bound by these requirements. 10

11 Our Team RYAN SHAFFER Partner/CEO A NEW ERA FOR DATA CASPER ARNTZEN Partner/COO DAVOR POSAVEC Partner/Project Manager Distributed MIKE HENDLEY Vice Ledger President Technology (DLT) is IAN a SMITH database CTO/Architect that is consensually ANDY HAWGOOD Creative Director shared and synchronized across TOMMO COUMANS Design/Community management a network of computers where STEVEN RUBIN Head of Marketing/Community Management there PARTH Community is no Management/Marketing one point of centralized governance. RUNE Strategy/Developer This powerful data ROBERTO MORALES Developer structure allows for various types of JUSTIN LIU Special Ops data to be stored and read securely, automating and streamlining information systems for increased algorithmically and user-governed. Leep Network 11 Leep Network, 2018