Volare project offers a substantial technological breakthrough as the first commercially viable blockchain network based on the strengths enabled by Equilibrium`s technology, strong scalability, and speed. This represents the aspirational essence to create a genuinely commercial blockchain ecosystem.
What is Volare?
Volare project offers a substantial technological breakthrough as the first commercially viable blockchain network based on the strengths enabled by Equilibrium`s technology, strong scalability, and speed. This represents the aspirational essence to create a genuinely commercial blockchain ecosystem.
BlockChain and Architecture:
With Ethereum making it possible to deploy Smart Contracts, numerous dApps have sprung up, each becoming a service. However, as the number of dApps grew, many services became available on the Ethereum network, which forced the expansion of services and the system.
CryptoKitty is an online game based on blockchain technology and the Ethereum platform. The game nurtures virtual pets, where you can collect or breed cat characters and buy and sell them using cryptocurrency. Designed on blockchain technology, the game attracted many users who took interest from the onset of the game launch. In proportion to the gaining popularity of the CryptoKitty service, traffic on the Ethereum network has increased dramatically. Due to the nature of the Ethereum network that requires all nodes to participate in the consensus process of all transactions, the increase in traffic has placed a heavy load on the entire Ethereum network, which in turn, has led to performance degradation of other services in the network (deFi, exchange, ICO projects, etc.).
We have determined that these problems were similar to the shortcomings of the monolithic architecture, which makes it difficult to apply suitable technologies and configure the system according to the characteristics of the service, such as services requiring large traffic and complex transaction processing. As such, we felt that the isolation of failures between services and the maintenance of the system through loose coupling are important for the viable commercialization of blockchain technology. We’ve realized Micro Service Architecture fits into such requirements and look into ways to apply such an architecture to the blockchain.
Next time, we’ll look at how Volare leveraged the micro services architecture for scalability in blockchain technology.
Volare Micro Chain Structure:
- Monolithic Architecture:
The monolithic architecture is a traditional model of software programs, composed of integrated units that are self-contained and are independent of other applications. It’s large-scale single computing with one common code base that combines all business elements together. To modify such an application, the entire system stack needs to be updated by accessing the code base and building and deploying an updated version of the service-side interface. This causes the update to be very restraining and time-consuming.
The advantage of a monolithic architecture is that all features (services) are developed in the same development environment, which makes them less complex and provides for high availability server development environment. The downside, however, is that modifying a single module requires redistribution of the entire application, and a longer time is required to start-up, build and deploy the server. In addition, it is difficult to apply suitable technologies and configure the system according to the characteristics of the service, such as services requiring large traffic and complex transaction processing.
- Micro Service Architecture:
A micro-services architecture is an architectural method that leverages a set of independently deployable services. It is structured by a loose coupling of services, which improves modularity and flexibility in understanding, developing, and testing services by splitting them into smaller pieces. The services can be developed, deployed, and scaled-out independently, making simultaneous development of various services in parallel possible. Services that are divided into smaller groups will not affect each other and play different independent roles while stressing the importance of the principle of single responsibility. Therefore, an error occurring on one service will not affect other services.
Ecosystem:
Volare Network supports healthy and developmental environment that can constantly enhance network ecosystem with various services.
Volare Network enhances the use value of digital assets in ecosystem by providing environment encouraging development of high-quality services, especially blockchain-based games. In Volare Network, 3rd party developers will be equipped to easily participate network, develop services, and utilize blockchain network as they are given smart contracts in the forms of API which are necessary for service development. This implies various adequate services will be developed, and services in the ecosystem will gain sufficient chance to enhance the Use value of each token through friendly rivalry.
Volare Whisper Wallet Feature:
Whisper MSG as an industry standard social blockchain service started with a slogan “Your Privacy is Our Privacy”. Whisper MSG users can enjoy messaging features without providing personal identification information. By utilizing EQBR blockchain technology, Whisper MSG liberates from security and privacy issues. And Whisper MSG provides a feature of Wallet that can manage various digital assets in Volare network. Users will find the genuine meaning of a commercially viable blockchain engine by exploring Volare network embodied by Equilibrium engine and the ultimate secure messenger from Whisper MSG.
Dex Feature:
Decentralized Exchange (DEX) of Volare network maximizes the exchange value of digital assets(tokens) in the ecosystem. Decentralized exchange provided by Volare Network is that the assets are kept and managed by individual users, unlike the Centralized Exchange (CEX), which stores assets on a central server. Since DEX is designed on an on-chain basis, and peer-to-peer direct trading marketplace, so the safe transactions are possible without hacking problems that occur on an off-chain basis and no a trusted 3rd party relaying transactions.
Token Allocation:
Maximum Token Issuance Capped at 1.8B Tokens
Private Sale - 15%
Public Sale - 5%
Reserve - 40%
R&D - 25%
Marketing (Airdrop, etc) - 5%
Team & Partners - 8%
Advisor - 2%
Author:
•Bitcointalk username: hetpatel009
•Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=3329638
•Whisper MSG Wallet Address: 0x1k1c528fe6481f305d6f5a2ee90768f172f70db53d994e+f106a376c053b0f5d454a54c5a6d8cc0f26038efcba1b1cf4884e867cc6d0634