In August, overseas community AMA reviewed how NA (Nirvana) Chain technology can occupy the upper hand of blockchain?

In August, NA (Nirvana) Chain was invited to participate in the AMA activities of Crypto Infinity Crypto Bros, Gem Mouse, and EPID communities, and conducted four community-oriented Q&A activities with everyone in August. Today we will lead you to review the latest progress of the project, the heterogeneous composite chain model and development vision and many other issues in the overseas community. The following is a summary of the August AMA activities organized by NA (Nirvana) Chain, and will not change the original intention. In the case of, there is a slight deletion.

Note: Since there are four issues of AMA in August, this article organizes the content of the four issues into one article for everyone to read and share.

Interview text

Hi everyone, I am glad to see you all here. I’m Jonathan Lancaster and I’m the CPO of NA (Nirvana) Chain. I’m very happy to let me introduce NA (Nirvana) Chain to everyone here.

Q1 First of all, please tell us to introduce yourself, NA (Nirvana) Chain and team to us !

A1. Hello, everyone. I am the CPO of NA (Nirvana) Chain. I used to be a senior R&D supervisor at Apadmi Limited. I graduated from Oxford University and majored in computer science. The development of Ethereum Classic. As an early investor in ETH , BTC , ADA and a believer in cryptocurrency, I hope to use cutting-edge technologies such as machine learning, computer vision, and blockchain to inject into the NA (Nirvana) Chain public chain to increase the popularity of blockchain technology. And audience engagement. The NA (Nirvana) Chain team was established in October 2018. All the founding members, including me, have entered the blockchain field since 2013. They have very rich experience and successful cases. Most of the team are technical personnel. I am mainly responsible for the overall innovation and growth of the project, and lead the technical team in architecture design and core code development.

NA (Nirvana) Chain is the first public chain to propose a heterogeneous composite chain model, which innovates and integrates traditional public chain technologies, and solves the long-standing congestion of the public chain system, the inability to achieve complex calculations, and the inconstancy of handling fees. Through the heterogeneous generation of various application instance chains and the collaboration of different node miners, it is like a viaduct that successfully achieves accurate data distribution. The DPOS+DAG consensus algorithm brings a more rapid TPS experience and contributes to the growing development. The expanded application ecology brings a more convenient experience, which can be said to be a blockchain underlying system designed for applications.

At present, we have successfully solved the flow proof problem through the Consensus mechanism—Poorf of Work/ Flow . All important parameters, rates, and pricing ranges are determined by online voting by all nodes, and the platform is truly maintained by the node consensus. In addition, we have released the testnet at 12:00 Eastern Time on June 27th.

The total amount of NAC tokens totals 75 million, and 28 million will be gradually destroyed in the application. The destruction methods are full node certificate destruction, application release destruction 10%, handling fee destruction 10%, etc., and a constant amount of 47 million will be retained. The remaining part will eventually be used to reward platform contributors and community governance plans. Nirvana Chain has been listed on the ZBG exchange on June 15, 2021, with a listing price of US$5.0. At the current price, you can search ZBG and non-small accounts for the latest price.

POonN8iOY7XbhVNoBrYFQvSQBfj03Oc9baA8un2M.jpeg

Q2. What is the biggest milestone of Nirvana Chain ?

A2. We have officially launched the testnet at 12 o’clock on June 27. The first batch of 200 mining machines has been put into operation on July 5, 2021. This is the biggest milestone in our project. This is also the result of the difficult planning and development of the team and the full contribution of community members!

This allows us to make timely optimization and adjustments before launching the main network, and to take an important step towards building a decentralized value network in the future. If the test goes well, we will launch the mainnet version according to the roadmap: NA1.0 will officially open the NVM virtual machine, providing cross-chain and customized high-performance computing tasks, and NA2.0 will launch USDN algorithm stable currency and wallet functions. Realize all interactions including DeFi, NFT, smart contracts and digital assets, and can use NAC to anchor physical targets in the real world.

Q3 What are the positioning, goals and development vision of NA (Nirvana) Chain ?

A3, NA (Nirvana) Chain has been positioned as a new generation of public chain since it went online, hoping to improve the ecology of the public chain through its own advanced technology concepts, realize a low learning threshold, easy-to-use decentralized applications, and perfectly integrate the traditional technology ecology The application of the chain can be changed to the ground. At that time, we will attract a large number of traditional industry applications to complete decentralization and join our public chain ecology. Public chain and technology promote each other, complete the construction of Nirvana ecology, and establish a stable cornerstone for the upcoming digital world.

NA (Nirvana) Chain has always hoped to improve the public chain ecology through its own advanced technology concepts, realize low learning thresholds, easy-to-use decentralized applications, and perfectly convert traditional technology ecological applications to the chain to achieve easy learning, A vision of easy development and easy use.

Q4. Nirvana Chain is the first to propose a heterogeneous compound chain model. Can you tell us the working principle or process of the heterogeneous compound chain?

A4. Nirvana’s heterogeneous composite chain model realizes data divide and conquer and massive concurrency. Through heterogeneous application instance chains and the collaboration of different node miners, it is like a viaduct, successfully realizing accurate data distribution. First of all, Nirvana will also have a main chain, which is called the application chain, and the application chain uses the Pow Flow consensus mechanism. The main chain only saves basic information such as application installation and uninstallation, which minimizes the data capacity and greatly improves the efficiency of synchronization. Every application on Nirvana Chain will have an instance chain, and the instance chain is a composite chain composed of a logical chain and a data chain. The logic of the application is processed by the logic chain, which uses the DPoS algorithm, in which the business logic and Event command-type events are all interactively executed by the logic chain, and the user interface can also be packaged and released to the logic chain when the DAPP is released. The application data is stored and processed by the data link, which uses the DAG algorithm, and the performance is above 10000TPS. DPos is between 2000 and 5000TPS, while PowFlow is within 10TPS. Massive amounts of data will be processed at an extremely fast speed. NA (Nirvana)’s heterogeneous composite chain architecture has solved the speed problem from the beginning of the design. If the traditional public chain is a water pipe, the Nirvana Chain is like an advanced water system, which integrates and adapts a variety of consensus mechanisms to ensure The data on the chain is processed most efficiently.

Nirvana’s heterogeneous compound chain model realizes data divide and conquer and massive concurrency. Through heterogeneous application instance chains and the collaboration of different node miners, it is like a viaduct, successfully realizing accurate data distribution.

First of all, Nirvana will also have a main chain, which is called the application chain, and the application chain uses the PowFlow consensus mechanism. The main chain only saves basic information such as application installation and uninstallation, which minimizes the data capacity and greatly improves the efficiency of synchronization. Every application on Nirvana Chain will have an instance chain, and the instance chain is a composite chain composed of a logical chain and a data chain. The logic of the application is processed by the logic chain, which uses the DPoS algorithm, in which the business logic and Event command-type events are all interactively executed by the logic chain, and the user interface can also be packaged and released to the logic chain when the DAPP is released.

The application data is stored and processed by the data link, which uses the DAG algorithm, and the performance is above 10000TPS. DPos is between 2000 and 5000TPS, while PowFlow is within 10TPS. Massive amounts of data will be processed at an extremely fast speed. NA (Nirvana)’s heterogeneous composite chain architecture has solved the speed problem from the beginning of the design. If the traditional public chain is a water pipe, the Nirvana Chain is like an advanced water system, which integrates and adapts a variety of consensus mechanisms to ensure The data on the chain is processed most efficiently.

what makes NA (Nirvana) Chain project differs from other projects what are the advantages of which ?

A5, NA (Nirvana) Chain was established in 2018. It took more than 2 years in the early stage to study the current situation of the industry and the advantages and disadvantages of the major public chains in the market. Especially now that DeFi and NFT have ignited this wave of bull market, the industry urgently needs more Strong convergent public chain to meet the growing new ecological needs.

We have designed a secure, high-performance, high-scalability and low-cost public chain, and through the heterogeneous composite chain model, we have merged the three consensus algorithms of Pow/FLOW, DpoS, and DAG for the first time. The high-quality structure ensures the fast and safe system. robustness, and can be grafted to an Ethernet Square ecologically safe to enjoy high stability, coupled with a system NUSD Swap NAC as a stable currency, it can reach every transaction constant fee 0.01U, which is currently all male The technology that the chain can’t reach, or we can create and implement the standard Ethereum , but some innovative technologies have surpassed Ethereum.

Q6. In order to alleviate the problems of network congestion and high gas fees, Ethereum released the EIP-1559 proposal. What is your attitude towards the EIP-1559 proposal? How does NA (Nirvana) Chain achieve high speed and low gas fee ?

A6. The EIP-1559 proposal is mainly to solve the problem of ETH’s high handling fee. It can only reduce the handling fee relatively, and it is also very limited, because the fundamental problem of network congestion is not the problem of handling fees. It is a problem caused by the huge amount of data and the inability of miners to deal with it in time.

NA uses the heterogeneous composite chain model to obtain DAG data processing qualifications through the DPOS campaign for Workers, thereby realizing the real-time submission of data. Since the data is submitted in real time, our handling fee can be lower.

In addition, we have solved a very difficult problem in the blockchain, which is the uncertainty of the handling fee. Because of the volatility of the handling fee price, it is impossible for all current blockchain system developments to evaluate the accurate usage cost. , And we have adopted the stable currency real-time exchange protocol (NUSD Swap) to achieve a fixed pricing of the handling fee. We will explain this solution on the official Twitter in the future.

Q7. In the cross-chain operation plan of Nirvana Chain which chain will you target first for cross-chain operation, and why you choose it?

A7. Nirvana Chain is grafted into the security ecology of Ethereum through a high-quality structure, enjoying extremely high stability and giving developers flexibility. Customized services can build applications at low cost and efficiently, meet the different needs of developers for different applications in actual application development, make up for the deficiencies at the bottom of Ethereum development, and integrate Nirvana Chain developer applications into the mature Ethereum ecosystem. Better implementation.

Nirvana is a blockchain underlying system designed for applications. We will first choose Ethereum with excellent security and sound ecology to cross-chain. Ethereum has shown a relatively complete ecological scale with the open source system of smart contract functions. Most developers still choose to build DApps within the Ethereum ecosystem.

Nirvana uses a high-quality architecture grafted to the Ethereum security ecosystem to enjoy high stability, and gives developers flexible customized services that can build applications at low cost and efficiently, and satisfy developers for different applications in real application development. The different needs of Ethereum make up for the shortcomings of Ethereum in the underlying development, and enable Nirvana developers’ applications to be integrated into the mature Ethereum ecosystem for better implementation.

Q8. What is the competitive advantage of your project compared with competitors?

A8. Nirvana Chain has the following major advantages——①100% decentralization: NA (Nirvana) Chain understands that decentralization will always be the consensus and core of competition in the blockchain, so the core mechanism of the project is around The road to centralization is fully spread, and efforts are made to increase transaction speed and low handling fees for users. ②Innovative heterogeneous composite chain: At the technical level, the project uses the DPOS campaign Worker to obtain the DAG data processing qualification through the heterogeneous composite chain model, and realizes the real-time submission of millions of data; more 100% decentralized domain name The building and leasing platform is extremely practical. Each project can use NA’s platform domain name on different blockchains (such as ETH, BTC or others), and can publish tasks at the same time to find a suitable website and then resolve it to NA public chain. The creation of decentralized domain names; ③The original learning language of N++: The original learning language of N++ allows developers to master it in 5 minutes, and learning is simple and easier to attract developers to join, thereby realizing the mass production of the project software system in the developer store ; NVM virtual machine and advanced smart contracts make complex calculations work faster to help developers save time and realize self-timed tasks; ④Actor concurrency model: Actor concurrency model realizes the calculation of large-scale microservices, which greatly improves Computing power, speed, and avoiding the waste of resources; distributed storage provides users with intelligent editing under dynamic and static conditions; ⑤Constant transaction fee: In order to solve the volatility of the fee price, the project adopts the stable currency real-time exchange protocol (NUSD) Swap), using NAC in the system as a stable currency to achieve a constant fee of 0.01 USDT for each subsequent transaction.

Q9. When the NFT market is hot, Binance has been promoting the development of the NFT market. After Nirvana Chain goes live on the mainnet, is there any plan to develop NFT? Will it issue its own NFT?

A9. Next, Nirvana Chain will continue to cooperate with more traditional art institutions to help companies enter the chain so that realistic works can be spread to all parts of the world through digital art and link it with the NFT field with a trillion-dollar economy. In order to achieve a win-win and common prosperity development ecology. After the mainnet goes live, Nirvana Chain will also actively explore and launch its own NFT platform, allowing users to create, buy, sell and resell NFTs. In the future, it will also cooperate with calligraphers and painters to release unique NFT works to enrich the diversity of NFTs.

NFT’s turnover in the second quarter of this year has exceeded 750 million US dollars, an increase of 48% from the previous quarter. We have enough reasons to firmly believe that it is unleashing strong activities, and NFT dapps must be the next wave of growth in the blockchain industry. Nirvana Chain will be an example of landing in the NFT field. It is currently building China’s first blockchain painting and calligraphy industry service platform-China Painting Capital NFT Art Chain with the China Painting Capital Painting and Calligraphy Industry Platform. This platform is also an NFT blockchain anti-counterfeiting traceability transaction. The service platform aims to provide services such as anti-counterfeiting traceability and copyright protection for the majority of calligraphers, painters and technology owners. In the future, Nirvana Chain will continue to cooperate with more traditional art institutions to help companies get on the chain, so that more realistic works can be spread to all parts of the world through digital art, and they will be linked to the NFT field with a trillion-dollar economy. In order to achieve a win-win and co-prosperity development ecology. After the mainnet goes live, Nirvana Chain will also actively explore and launch its own NFT platform, allowing users to create, purchase, sell and resell NFTs. In the future, it will also cooperate with calligraphers and painters to release unique NFT works to enrich the diversity of NFTs.

10. When you build the project, do you consider the feedback and needs of the community?  

A10: In the past two years since the establishment of Nirvana Chain, we have not only incorporated technology precipitation, economic thinking and exploration of the entire industry into the proposal, but we also know that there are certain limitations. We believe that a perfect encryption economy design needs to gather the wisdom of more community members. Nirvana Chain has been actively listening to community feedback and suggestions, from the advancement of business plans to open source code, to the release of economic model proposals, and now to the official release of the Nirvana Chain test network. Our community is open source, and every valuable opinion will promote the development of Nirvana Chain and even the entire industry! Therefore, we hope that more partners and community members will join us to complete the test of the test network.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/in-august-overseas-community-ama-reviewed-how-na-nirvana-chain-technology-can-occupy-the-upper-hand-of-blockchain/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (0)
Donate Buy me a coffee Buy me a coffee
Previous 2021-09-07 11:08
Next 2021-09-07 11:16

Related articles