Knowchain is a new blockchain with 2 layers that power the ability to make transactions with additional information attached on-chain. The main idea is a 2 layers blockchain with layer 1 as Value Settlement Layer to make the value transferring process faster and layer 2 as Ano Layer to store Ano units that can be anything such as Smart Contracts or Additional Information. The 2 layers blockchain will be managed by more than 1 consensus algorithms. The idea here is to create an Ultranode system to oversee the layer 2 and provide additional services to the network as Information Verification, Instant Send, Private Send, etc.
Ultranodes system is the unique design from Knowchain for its ultimate purpose to make transactions information-rich. To maintain the 2 layers blockchain effectively, the network requires a different design from other blockchains. Ano Layer in Knowchain will be managed by Ultranodes system. An Ultranode is a Full Node who stakes a large amount of Know into lock-box.
An Ultranode can be a Full Node with at least 1 million Know staking in locked-box or an organization with Proof of Authority as their identity and reputation. Ultranodes make Ano Blocks and propagate the Ano chain to other Ultranodes to maintain the decentralization of the network. To minize the risk for the network, no Organinzation Ultranodes is allowed to decide consecutive-blocks of the Ano layers. It means that one Ultranode who proves itself by Proof of Authority only can approve non-consecutive blocks for the Ano Layer.
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