Persistence - A Protocol Supporting Next Generation Financial Products

in pstake •  4 years ago 

Hello everyone ... Here I will inform you by writing a review to introduce a very unique new project called Persistence, so for that, have a look at the article I created below to give you a very good overview of the project, then Benefits what do they give everyone? Let's just go straight to the discussion below.

image.png

Persistence is an interoperable protocol built to facilitate the creation of the next generation of financial products. The Persistence technology stack provides the infrastructure to effectively bridge the DeFi and traditional finance realms in various fields, while also enabling the creation of innovative solutions against crypto to expand the DeFi and NFT sectors.

Mission & Vision

The Internet separates the Media & Communications industry. Using HTTP, SMTP and TCP / IP as the base layer, the cost of exchanging information is significantly reduced.

Persistence leverages blockchain technology to facilitate seamless exchange of assets. Using the Web 3.0 protocol, Persistence aims to activate and create a range of cutting-edge financial products ranging from staking-as-a-service and tokenized 'real-world' debt to digital art.

Data flows like water today. Digital assets will flow like water tomorrow.

  • Operate with the latest technology
  • Create best-in-class products
  • Provide value to the ecosystem

Technology

Persistence is an interoperable protocol that provides a sovereign environment for decentralized / institutional financial applications to develop and operate.

Persistence SDK

The Persistence Software Development Kit (SDK) is a standard set of modules which can be used to model markets for easy exchange of value. SDK modules can be integrated into existing applications. Alternatively, the modules can be used in different permutations and combinations to produce a whole new market.

  • Chain sovereignty
  • Business uses
  • Abstraction of the complexities around the public blockchain

Product

Comdex: A decentralized commodity trading solution that facilitates end-to-end trading cycles including trade discovery, settlement and financing.

  • Stake: Liquid staking application to open up liquidity for the assets at stake, allowing shareholders to increase the yield on the assets at stake.

$ 450 billion + Total Addressable Market
$ 105 billion + Assets at stake

  • Audit.one: Staking-as-a-Service solution for proof-of-stake networks. For institutional asset managers looking to generate a steady income from Staking-as-an-AssetClass, AUDIT.one provides a white labeling solution for both hardware and software.

$ 250 million + Assets In Delegation
10 Network Secured

interNFT

interNFT is a working group of leading interoperable projects and protocols that build cross-chain standards for non-exchangeable tokens (NFTs) and NFT Metadata. This open collaboration was initiated by the Interchain Foundation and facilitated by Persistence together with ixo.

STAKEDROP

A community-focused initiative designed to facilitate wide distribution of XPRT tokens among PoS token holders accustomed to staking, thereby accelerating the decentralization of Persistence's mainnet once it goes live. 1% of the total XPRT token supply has been allocated for distribution via StakeDrop.

XP.Token RT

The XPRT token is basically a governance token for the Persistence chain. Once the Persistence mainnet is launched, token holders will be able to stake XPRT tokens to passively earn more XPRT. The XPRT token also plays the role of a 'working token', allowing shareholders to generate cash flow in relation to the volume of transactions generated by dApps in the Persistence ecosystem.

Participating Projects

This is an incomplete list of the projects involved in this effort. We have been mostly in touch with implementers to learn from use cases so far, infrastructure projects are now also showing an interest in building on this standard.

  • ICF / Cosmos
  • ixo World
  • Persistence One
  • Network Maintain tBTC
  • Security
  • Enough VC
  • Secret Network
  • Regen Network
  • OMG network
  • Molecule
  • Left Gallery
  • Kusama / Polkadot
  • Iris Network
  • IOV Star Name
  • FreeFlix Media
  • Energy Web Foundation - Micha Roon
  • Coat of Arms - Shannon's Code
  • Centrifugal machine
  • Akash Network
  • Aleph.im
  • Agoric

Roadmap

Milestone 1: Technical Specifications

  • Community Consensus
  • Reference Use-cases
  • Publish Technical Specifications
  • Technical Standard for NFT MetaData
  • Interface standard for implementing NFTs in Cosmos SDK
  • Use of ZKPs for privacy in NFTs

Milestone 2: Module Implementations

  • Build reference SDK implementations
  • NFT Module upgrade
  • Metadata Module
  • DID Registry Module
  • Milestone 3: UI and demo use cases
  • Prototype use-case applications
  • Client library support
  • Reference UI and testing interface

Milestone 4: Interchain, Documentation & Tutorials¶

  • IBC for NFTs
  • Documentation & Tutorials
For more information about this project you can see it below:

ANN THREAD: https://bitcointalk.org/index.php?topic=5323374.0
TWITTER: https://twitter.com/PersistenceOne
TELEGRAM COMMUNITY: https://t.me/PersistenceOneChat
DISCORD: https://discord.com/invite/SaBKpjbnhH
REDDIT: https://bit.ly/2Ro0lRp
YOUTUBE: https://www.youtube.com/channel/UC5wqI1ZRdkCjWWVOCQdhxLQ/featured
MEDIUM: https://medium.com/persistence-blog
LINKEDIN: https://www.linkedin.com/company/persistenceone/

Author: Bidadari_surga
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1011291
USDT wallet address: 0x990a8DfdF48f4ba90395DF6c6Dd89FE67495Ee40
Persistence wallet address: persistence12qqdcl8yrrs2rmtrtah44kq2h70y9sd05z7jnu

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!