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Ring Network is an in-progress implementation of a unique DAG-based ledger system. You can find some introductions and documentation here. However, many characteristics of Ring Network are still undefined.
Here's an overview:
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Directed-Acyclic-Graph: The separation of powers between entry and attestation allows a node to be able to write transactions to the ledger directly, without blocking. A well-designed incentive system built into the consensus mechanism will reduce the willingness of attestors to misbehave.
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Scalability: Harnessing the power of DAG technology allows Ring Network to avoid block size limitations while providing a verifiable general-purpose scripting system that can be used to add extended functionality at Layer 2.
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Hybrid Consensus: The integration of Free Unit-Reference, Proof-of-Work (PoW), Delegated Proof-of-Stake (dPoS) and Tendermint Byzantine Agreements work to ensure proper decentralization so the incentivized token economy never stops. Transactions are finalized immediately after being attested, and immune to censorship.
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Privacy: Ring Network's dual-token model combines both utility and privacy tokens in Layer 1, and will provide extended functionality to improve transaction security. Privacy tokens are based on homomorphic encryption, Confidential Transactions, Conjoin, Cut-Through, etc. Users can also issue their own tokens, either with or without privacy features.
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Cross-Chain: Ring Network will implement an IBC (Inter-Blockchain Communication) protocol and cryptographic cross-chain Atomic Exchange Protocol to break the barriers between different systems as to integrate the functions and resources among them. Side-chain technologies will be supported to build into Layer 2.
To learn more, read our introduction to Ring Network and TrustME-Hybrid Consensus or check out the FAQ.
To get involved, read our contributor documentation.
To build and try out Ring Network, see the Build Doc.
Come by the gitter chat channels and talk to us!
Check out our website, forum, and the mailing list:
- Website
- Forum
- Mailing list
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