While being an operating system on this planet, a blockchain per se ought to be a self-managed world, where all nodes are linked and interact with one another in a decentralized architecture. Devoting to laying a solid foundation for blockchain, GaiaWorld is ready to build the ‘self-managed kingdom’ founded on blockchains. Everything runs on the chain in this new world, the keystone laid by GaiaWorld!
A Secular World in the Shadow of Matthew Effect
Like Ethereum shifted from PoW to PoS, we also picked PoS to avoid huge but meaningless consumption of computing resources. But, we are definitely not a fan of Casper, Ethereum’s PoS protocol, which guarantees higher return if you stake more money into it. The inevitable outcome? The Gospel of Matthew has revealed it all: For unto every one that hath shall be given, and he shall have abundance: but from him that hath not shall be taken away even that which he hath. Obviously, it’s not fair at all.
Such erosion of fairness DOES NOT persist in a world of blockchains. GaiaWorld has successfully developed the innovative competition-based proof of stake, or CPoS consensus algorithm, dividing all forgers randomly to 256 groups; the stake is also a function of block height, times of accumulation, and random initial value, in addition to the fund invested. In a given group, the forger holding the largest stake has the right to ‘forge’ the block.
The forger receives reward when a block is forged; the system then randomly resets the groups and initial stake. This design enables more people to have a chance of block forging, so that it is possible for less-funded nodes to triumph. Matthew effect does not apply in our blockchain and every node has the opportunity to get a slice of the pie.
A fundamental feature of blockchain, fairness should be put under supervision and verified.
For that, we have applied VRF algorithm at the base layer to ensure solid fairness. Every potential VRF generator should release their BLS public key before they really become a VRF generator who uses the private key to generate a VRF by following specified methods, and all nodes of the blockchain may verify the VRF with the BLS public key.
VRF generators are unable to control the public key released in advance. Although they know the value of VRF earlier than other nodes of the blockchain, this advantage is counterbalanced by the application layer code, which is also generated randomly. In a word, GaiaWorld’s blockchain allows supervision and verification of fairness in an uncheatable way.
An ideal world needs parallel chains to evolve.
GaiaWorld’s blockchain consists of a main chain and countless parallel chains. Everyone could publish their parallel chains as per GAIA rules and connect them with the main chain managed and maintained by GaiaWorld. This is how it grows and gets better. While building chains in parallel with the main chain, you may add secondary parallel chains to them. In other words, our blockchain expands infinitely.
In our design, the main chain provides only fundamental functions and facilities, with all application functions deployed to parallel chains. The increasing number of parallel chains does not undermine the main chain’s security because CPoS enables extremely low resource consumption and most nodes could easily operate multiple parallel chains. On the contrary, more parallel chains means larger node base, which in turn makes the main chain more secure.
After all, the world of blockchains should operate under self-management.
To achieve this goal, we have designed a three-level arbitration committee by referring to the common law and the civil law systems. we have also introduced into the system a decentralized value exchange mechanism to cover value exchanges in the main chain, between the main chain and parallel chain, and among parallel chains.
Furthermore, we have designed Gaia Shield Protocol to manage interactions between GaiaWorld’s blockchain and the physical world. Gaia Shield to its core is a smart oracle and a specification for smart contracts. All smart contracts agreeing with this specification are referred to as Gaia Shield Protocol, which links the blockchain to the real world.
As the blockchain technology evolves, a fully self-managing blockchain ecosystem is not merely a utopian mirage, but something that may steer our civilization to a new stage. Being a doer, GaiaWorld has taken first steps on a long-haul journey. Our beta CPoS is coming soon, stay tuned!