Precipitation and breakthrough: Computecoin mainnet (Beta version) officially launched

In the Web3 era, we are eagerly calling for a more equal, private and autonomous Internet form, returning user data, personal privacy and content to the users themselves, so as to get rid of the surveillance and control of Internet giants.However, applications and activities built on centralized infrastructure such as Google Cloud and AWS deviate from the direction of Web3, because it is difficult to protect the most basic privacy data of users. Therefore, the key to the development of Web3 lies in the construction of decentralized infrastructure.

1. What is Computecoin (CCN)? AWS in the Web3 Era

CCN aims to be the AWS of the Web3 era, and it builds decentralized infrastructure through two ideas. The first is the idea of ​​”aggregator”. With this model, CCN integrates the data center with the machine nodes of Filecoin and Swarm to build a low-cost, low-latency and privacy-protecting decentralized cloud infrastructure for general Web2 /Web3 and Metaverse applications provide computing and storage services.

The second is “decentralized cloud ecology”, which is to create a one-stop service for storage, computing and blockchain, and provide a Web2-compatible API interface, allowing users to easily access without a long learning cycle. This can be compared to AWS, which provides users with hundreds of services, and CCN replaces them one by one in a decentralized way. Although the types of services are similar, the decentralized approach is more powerful, flexible, stable, affordable and less vulnerable to malicious hackers.

CCN implements the above two ideas into technology and practical applications, such as CCN’s upcoming distributed storage service, streaming media service and super node service, etc. By providing the general public with accessible applications, it continuously lowers the threshold for user operations, enables the decentralized field to break through, breaks the fog of the Web3 industry and promotes its development.

TlfpMLS5psNN5hhUXYRAmVIUToo7jSgkxF5g3nA2.pngPositioning of CCN in the Industry Landscape

2. About CCN’s main network Metaverse Computing Protocol (MCP)

The CCN team began to develop and polish the main network as early as 2018, which is one of the earliest underlying public chains in the world that supports smart contracts and is based on DAG (Direct Acyclic Graph). At the beginning of research and development, the CCN research team needed to take into account the low cost and high efficiency of the network, as well as the security and distribution of the network. The achievement of these series of goals, in the yellowpaper published by CCN at the same time, shows the complete mathematical proof of the original algorithm of the main network.

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CCN MCP Yellow Book Content Summary

MCP has the advantages of high concurrency, high throughput, and extremely low transaction fees. In practice, the average TPS is stable at 3k/s, and the maximum can reach 20k/s; while the network transaction fee is almost zero. The excellent performance enables MCP as a DAG-based Layer-1 blockchain to provide the network foundation for the fully distributed, high security and scalability required by future DApps and decentralized markets.

At the same time, MCP is also a Layer-0.5 blockchain because it can also support mainstream Layer-1 blockchains, as well as cloud infrastructure aggregated by Computecoin. Currently, Computecoin is fully compatible with Ethereum, and the team is also working on bridging with BSC, Solana, Avalanche, Polkadot, etc.

3. Overall architecture of CCN main network

On a technical level, what makes CCN stand out from other blockchains is that, first of all, it has a patented consensus algorithm called Proof of Honesty (PoH). PoH is to ensure the authenticity of computing and storage capabilities in the network and reliability.

Specifically, CCN solves a problem that has plagued the field of computer science for a long time—verifiable computation—on the one hand , the provider does not necessarily have a strong motivation for correctness; on the other hand, due to misconfiguration, hardware randomness, etc., it is difficult for large providers (such as cloud servers) to guarantee that tasks are always performed correctly.

r3kEfIeiKYI8POgq6TDrlSPAESyC0KdjFFTKHBct.pngPOH work demo

Secondly, CCN innovatively separates the consensus layer and the transaction layer, so as to jointly achieve a highly distributed network. At the consensus layer, CCN introduces a witness mechanism, and the “block” consists of some non-anonymous well-known persons or companies, called witnesses. However, to ensure a secure and fully distributed consensus, witnesses are elected from a group of validators within a predefined time period (called an epoch). At each epoch, the elected witnesses will determine the linear order of blocks on the DAG.

The transaction layer, one of the core functions of MCP, acts as the only thing that can change or update the state of MCP. It has a data structure and contains elements that represent the activities that take place in the MCP, such as sender, receiver, datetime, and amount of gas. Furthermore, in order to make MCP fully compatible with Web3 PRC, the transaction structure in MCP exactly matches Ethereum.

dJTVK7opUWwOuf6iwVL9RQYCmnhgrWShzl0L9MaQ.pngExample of collaboration between consensus layer and transaction layer

After 4 years of precipitation, CCN’s main network (Beta version) has been open to the community for testing, and will gradually open source code. Technology enthusiasts can join this exploratory journey created by Web3 infrastructure and rush to this wave of innovation together!

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/precipitation-and-breakthrough-computecoin-mainnet-beta-version-officially-launched/
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.

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