MONET - Mobile Ad Hoc Blockchains - COINSAURUS CRYPTO

Breaking

Live Ticker

powered by Coinlib

Thursday, October 18, 2018

MONET - Mobile Ad Hoc Blockchains


The number of online services that we use every day only involves people who have close proximity, and even almost completely we rely on third parties as coordinators who manage clients to the server. With this third party, we will lose privacy, transparency, and control over their data and calculations. What is needed is a system for mobile applications without servers, where people can interact directly with each other without fully returning to a third party or a group of extended participants. From the problems that I discussed earlier, a project called MONET has now arrived. I will explain everything about MONET in this article.

MONET is an open network architecture, realized by a set of software tools and protocols, designed to overcome this problem. The MONET Team and Developers will build a free and open source Software Development Kit (SDK) that allows developers to add blockchain consensus to their applications. It introduces a new paradigm where users dynamically join or form local blockchain during their interactions, and eliminate the need for servers. MONET utilizes blockchain technology so that each user can record records that cannot be changed and can be audited from group correspondence, providing a basic layer of accountability and interoperability.

MONET Hub optionally supports the first application on the network with services such as ID, peer-discovery, NAT-traversal, and cross-chain communication. This is a Smart Contract platform where anyone can deploy programs with non-temporary logic and benefit from a secure distributed computing network.


MONET ECOSYSTEM

MONET brings decentralization and blockchain that is easily measurable to mobile devices. Based on a strong consensus system, Babble, MONET ad hoc blockchains can process thousands of transactions per second with near instant finality. Because blockchains are temporary, each off-shelf device can participate in the blockchain. The result is no intermediary fees, no risk of centralization, no slow blockchain speeds, and no compromise costs.


THE KEY COMPONENTS OF MONET ARCHITECTURE ARE: 
  • Multiple ephemeral blockchains dynamically formed by users with their mobile devices.
  • Inter-Blockchain Communication, enabling these blockchains to speak to one another.
  • MONET Hub, an always-on network, that provides optional infrastructure services to the first applications and ad hoc blockchains.

The advantage of MONET

The MONET project has 4 advantages including:
  1. MONET creates infrastructure for distributed cellular p2p applications. The architecture aims to drive the economy to share by bringing blockchain to mobile phones.
  2. MONET consists of several ad hoc blockchains that appear and end when the application participant interacts.
  3. Inter-Blockchain Communication facilitates interoperability between this blockchain.
  4. Finally, MONET Hub is a blockchain that is always active, allowing distributed applications to begin with the use of existing infrastructure services.
That was a brief explanation about MONET Network. To find out more details about MONET, you can directly visit their website at https://monet.network/

Team & Advisors

Core Team
  • MARTIN ARRIVETS - Co-founder and CEO of Mosaic Networks
  • GIACOMO PURI PURINI - Co-founder and CFO of Mosaic Networks
  • KEVIN JONES - Software Developer at Mosaic Networks
Advisors
  • MARK STUART DAY
  • MAURO MARTINO
  • RONAN LYNCH
  • ABDI HERSI 

Quik Links

Website
Whitepaper
Github
Reddit
Medium
Facebook
Twitter
Youtube
Telegram

writen by : Ludmilla
bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1064448;sa=summary
ethereum adress : 0x29ac4A201C36b7922430F0A37976C1bA1c617339

No comments:

Post a Comment

loading...