The blockchain industry has never been short of gimmicks. From big names in the industry to foreign political tycoons, there are not many projects that stand in their names.
However, it is probably the first time that a Nobel laureate, which has always been regarded as the highest honor award in academia, is on the platform of a blockchain project. This project with the aura of the Nobel Prize is called En-Tan-Mo, and there have been few public appearances before.
secondary title
Propose UPoS consensus mechanism based on Nash equilibrium thought
The blackboard in the ETM meeting room is densely filled with mathematical formulas, various codes and data are constantly beating and flashing in front of the computer, and groups of three or four are having in-depth and intense group discussions in front of the conference table—En-Tan-Mo’s office The place is not so much a workshop as an open laboratory, where everyone is busy and full.
"I hope that what we are doing is a revolutionary business that may subvert people's lives, rather than an ordinary public chain." said Aaron Yuan, founder of En-Tan-Mo ("ETM").
In 2017, when En-Tan-Mo was just an idea, mathematicians from France integrated the results of game theory into the blockchain, and learned from Entente (alliance), Transaction (transaction) and Mobius (Mobius ) named En-Tan-Mo in three words.
En-Tan-Mo, which was born based on the ETM Academy of Sciences, has been extraordinary since its birth. It has absorbed two Nobel Prize winners (Professor Sargent, the winner of the Nobel Prize in Economics in 2011, and the winner of the Nobel Prize in Physics in 1979) Glashaw) research results, incorporating the innovative ideas and design concepts of experts and scholars in various fields from famous universities such as the California Institute of Technology, the University of Maryland, and the Poincaré Institute in France.
For these "sparkling points", team members rarely exposed.
As the top representative of the academic school, what kind of sparks will collide with the Nobel Prize winners, scholars from famous schools and technical experts?
As we all know, in the blockchain system, there is an SHD completeness problem that is compatible with security, high performance and decentralization, which is the famous "impossible triangle".
Faced with this problem, Satoshi Nakamoto chose security and decentralization, and gave up high performance. Later, the PoW mechanism of Bitcoin is the best embodiment of this principle, but it has been criticized by people due to its limited scalability. Ethereum abandoned the inefficiency brought about by PoW and tried to transition from the PoW mechanism to the PoS mechanism, but invisibly made the power of the rights and interests highly centralized. After that, EOS, its DPoS mechanism became more obvious, and the decentralized nature that was once proud of it has deteriorated.
Looking back at the evolution law of the consensus mechanism, we found that there is no consensus mechanism that can solve the completeness problem of SHD, so is it possible to mix the two consensus mechanisms so as to integrate the advantages of both and avoid some disadvantages at the same time?
In response to the completeness of SHD, ETM scientists have done a lot of experiments and cross-validation from different disciplines, creatively improved and combined the PoW and DPoS mechanisms, subversively proposed the UPoS consensus mechanism, and formed a bistable consensus mechanism. Effectively solve the problem of "impossible triangle".
The UPoS consensus mechanism adopts the miner team election system. ETM holders elect 101 miner nodes by voting, and miners obtain mining rights through non-competitive chaotic sorting. income. In the end, it not only ensures the separation of certificate holders and block mining machines and their respective rights, but also maintains the basic attributes of decentralization.
After overcoming the completeness problem of SHD, the scientists of ETM devoted themselves to solving the problem of scalability of the public chain.
The main chain-side chain mechanism can be said to be another major breakthrough of ETM in the design of the public chain. The ETM main chain-side chain mechanism develops a side chain for each specific application, and the data of the application is only stored on the side chain. These solutions make the entire network expand from the original single chain to multiple chains, and multiple transactions can be processed concurrently on multiple chains, breaking through the limitation of the entire network processing capacity limited by a single node, thereby improving the overall performance of the system.
secondary title
The favor of the Nobel Prize is the fit of technical concepts, not accidental
2018 is the first year of the combination of blockchain technology and the Nobel Prize. As a revolutionary emerging technology, the magnificent digital passwords have attracted Nobel Prize winners to settle in. The combination of the two has aroused people's interest in the blockchain world. Repeated imagination.
The 2011 Nobel Prize winner in economics and American economist Thomas Sargent, who was the first to enter the blockchain, has given many public speeches on the blockchain.
Among all blockchain projects, Professor Sargent favors En-Tan-Mo the most. At the 2018 Global Blockchain Summit, Sargent once said: "The En-Tan-Mo project has fully understood the existing state-of-the-art blockchain technologies and discovered their deficiencies. On this basis, It is advancing the frontier of blockchain technology."
En-Tan-Mo endorses Professor Sargent's theoretical analysis. For the mechanism of En-Tan-Mo, in order to ensure the security of the system, the designer needs to predict the decisions and strategies that the participants in the field may adopt in different scenarios. Therefore, the design of the En-Tan-Mo consensus mechanism and the balanced economic framework is based on game theory and distributed systems, and deeply applies the macroeconomic expectation model proposed by Professor Sargent and the dynamic economic theory based on time series analysis.
"En-Tan-Mo technology is at the forefront." Professor Sargent also recognized En-Tan-Mo technology, which is one of the important reasons why he is optimistic and willing to join En-Tan-Mo.
Another senior consultant of the ETM Academy of Sciences, Professor Sheldon Glashaw, a Nobel Prize winner in physics, has devoted his life to the research of elementary particles and quantum field theory. He believes that En-Tan-Mo has an outstanding team of scientists who can use blockchain technology to achieve point-to-point secure transmission of financial tools and information, making up for the lack of the Internet in terms of absolute privacy and permanent records.
"En-Tan-Mo will have a major impact on society." This is Professor Glashow's visionary voice on the prospects of En-Tan-Mo.
As early as 2013, the En-Tan-Mo project team has paid attention to the correlation between the core CAP problem in the distributed system and the completeness of the blockchain and SHD.
In 2017, the team was determined to build a new generation of blockchain underlying public chain with SHD completeness and Nash equilibrium. A mathematician from the Poincaré Institute in France integrated the results of game theory into the blockchain, extracted the essence of the three words Entente, Transaction and Mobius, and En-Tan-Mo was born, En-Tan -Mo Scientific Advisory Board was formed on this basis.
The blockchain world regards consensus as the core mechanism, and academic researchers from all over the world in the team have also reached a consensus. They recognized the technical concept of En-Tan-Mo, En-Tan-Mo absorbed the academic essence of related fields, multiple collisions and communication made the industry and the academic circles form a symbiotic relationship of "I am in you, and you are in me". It is a deep meshing of ideas.
secondary title
Rekindle the spirit of Satoshi and empower all participants
Many people who set foot in the blockchain field are more or less influenced by Bitcoin, and even become followers of Bitcoin.
In this regard, Aaron Yuan said: "It is not so much Bitcoin as a believer in distributed networks. Although it is now considered that Bitcoin is not technologically advanced, Satoshi Nakamoto's decentralization The concept is what I agree with, and it is what I have always insisted on doing.”
But there are also many people who question Satoshi Nakamoto, thinking that the decentralized world he described is too ideal and impossible to realize.
"When the Internet was first born, people were not optimistic, but now, the Internet has taken root in every aspect of our lives, isn't it? Entrepreneurs will always be faster than the market. As technology researchers, our job is to take this The ideal is as grounded as possible," Aaron added.
"Although I only came into contact with Bitcoin in 2014, it had a great influence and inspiration on me. Many people joked, why don't you hoard a few Bitcoins at that time, and now you can earn a lot. Maybe it has something to do with myself Based on my experience in distributed network research, I pay more attention to technical aspects. Before this, I have never seen a product or technology that can combine financial concepts and distributed networks so well. But it is a pity What’s more, the development of the blockchain has deviated more and more from the essence of decentralization, and also deviated from the original intention of Satoshi Nakamoto.” Aaron said.
Indeed, computing power competition, capital harvesting, and mining scale have ruthlessly shattered people's hopes of overthrowing the central node with PoW.
The PoS mechanism, which is an alternative to PoW, eventually evolved into an unexpected decentralization. Satoshi Nakamoto's "ideal world" seems to be getting farther and farther away from "decentralization".
In the past world, the alliance tends to be more powerful collaborators, and the income of the stronger collaborators exceeds that of the weaker collaborators. This super-linear revenue model ultimately hurts the weak with lower computing power. In the long run, the income of the strong will also be damaged due to the collapse of the ecology.
In the ETM world, the bistable UPoS structure intertwined with PoW and DPoS limits the centralization and centralization of PoW and DPoS to the greatest extent, empowering all participants.
But what we need to see clearly is that with the development of blockchain technology, there are also chaos in the blockchain industry: a large number of plausible "projects" swarm in, and some virtual currency speculators still hold The crude means of "either a hundred times or return to zero" poured into the "block chain".
Therefore, many people criticize, "It is such a group of people who have turned a good industry into a pool of muddy water." Aaron Yuan disagrees with this.
"If you want to talk about the chaos in the industry, which industry doesn't? It's just that blockchain, as an emerging technology, is more gimmick and topical. We must realize that these should not be the core of the blockchain industry. Its core must be It is blockchain technology and various applications using blockchain technology. No matter what industry you are in, you should stick to your original intention, have your own beliefs, and know what to do and what not to do."
Many blockchain practitioners will brand and label themselves "Satoshi Nakamoto". What is the "Satoshi Nakamoto spirit" that has been mentioned countless times?
"When it comes to Satoshi Nakamoto, the first thing everyone thinks of is Bitcoin. I think his greatest contribution is not Bitcoin, but the emerging technology of blockchain into the public eye. His greatest charm lies in his understanding of the future. The constant attempts at centralization and the efforts made to protect individual interests and respect personal security, privacy, and participation rights, I think this is the true core of Satoshi Nakamoto’s spirit.” Aaron Yuan said of these At that time, his expression was flat, as if he was talking about a very ordinary thing.
It starts with technology and becomes in application. The invention of every new technology shows its true meaning only when it enters the field of practical application, and the same is true for blockchain.
As the first underlying public chain project that has solved the completeness of SHD, ETM is still constantly cultivating technology, and strives to use the most secure attitude to realize the landing of the "ideal world" in people's mouth.
For original articles, reprinting/content cooperation/seeking reports, please contact report@odaily.com; unauthorized reprinting is strictly prohibited, and illegal reprinting will be punished by law.
