Author Qin Xiaofeng
Editor Lu Xiaoming
Produce Odaily planet daily
According to OKEx official announcement, the OK Jumpstart phase third project is En-Tan-Mo (ETM). It will be sold at 12:00 on June 10th (HKT) and 13:00 (HKT) for two rounds of sales, with 12 million 500 thousand ETM for each round of sales, and ETM/USDT and ETM/USDK transactions on June 10th.
According to official introduction, ETM is based on Nash equilibrium and value transfer theory, the first new generation of block chain projects to achieve SHD completeness.
The so-called “SHD completeness” mainly refers to the three important indexes of the block chain: Safety, High-performance and Decentralization. There are three problems existing in the existing block chain system. How to solve the completeness of SHD is the main problem faced by block chain 3.
One of the highlights of ETM is the advisory team, the two Nobel prize winner. Professor Nobel, winner of the 2011 Laureate in economics, provided guidance and suggestions for the construction of ETM economics. Professor Nobel, who won the Nobel prize in physics in 1979, combed the structure of ETM’s mathematical algorithm model.
In June 5th, the core member of the ETM project, Dr. Aaron Yuan of University of Maryland, visited the planet super language community to explain the “UPoS consensus mechanism” to make participants more equitable.
In the super voice question and answer session, Aaron Yuan first affirmed the star projects such as Nervos, Conflux, Celer Network, Cosmos and so on, indicating that they solved the dilemma of the public chain in a certain way. But he also pointed out that these projects did not achieve the compatibility of the three elements of safety, efficiency and centralization.
“Our biggest advantage is that we are rarely seen in the market to solve the block chain application” balanced and complete “project. Aaron Yuan said.
For investors worried about the problem of project side smashing, Aaron Yuan also gave its own view. He said that after the exchange of the project, whether the price is going up or down, it is all the market behavior. As a project side, the best thing to do is to live up to the support of the community, and the price and value will be reflected in the time.
The following is the question link of the community.
Q1: what advantages do you think the ETM project has compared with the star projects such as Nervos, Conflux, Celer Network, Cosmos?
These star projects such as Aaron Yuan:Nervos, Conflux, Celer Network and Cosmos are excellent, and the technical team behind them is also very strong, which has solved the predicament faced by the public chain in a certain aspect.
Nervos focuses on the encryption economy instead of the infrastructure around the block chain; Conflux solves the problem of the throughput of the public chain system; Celer Network solves the expansibility problem; Cosmos solves the cross chain problem by building block chain framework and module.
But they did not pay attention to a very important problem, that is, the compatibility of the three elements of security, efficiency and centralization, especially the essence of the chain of the world.
The value of ETM lies in the adoption of a new hybrid consensus and multi chain structure, which can substantially increase throughput on the basis of ensuring safety and de centralization, thus providing the possibility for landing and landing of massive applications. Our biggest advantage is that we are rarely seen in the market to solve the block chain application “balanced and complete” project.
We do not pursue the so-called “high TPS” of the book number, but on the basis of the unique publicity mechanism UPoS (PoW&DPoS), taking into account safety, high performance and de centralization, this is one of our uniqueness.
Q2: you just mentioned that the consensus mechanism of ETM is UPoS and UPoS. How does it differ from Dpos and POS?
Aaron Yuan: in the face of defects appearing gradually on the safety of bitcoin, people take PoS as an iteration of force proving method. But what we can’t ignore is that, under the PoS consensus mechanism, the degree of centralization is damaged.
So EOS and other players take DPoS as an improvement on the PoS mechanism, which is to select 101 super nodes as a voters’ community election. But DPoS can not stop some destructive nodes in time and effectively, and this can cause the network security risks to be predicted.
In the face of such a situation, ETM scientists creatively improved and combined DPoS and PoW algorithms to maximize the advantages of the two mechanisms and form a bistable UPoS consensus mechanism.
Based on game theory mechanism and Nash equilibrium, we can maximize the compatibility of security, efficiency and centralization, so as to solve the problem of “Impossible Triangle”. This is the uniqueness of the UPoS consensus mechanism.
Q3: how to achieve SHD completeness and solve the Impossible Triangle is a false proposition?
Aaron Yuan: in my opinion, in the block chain world, there is a lot of “Impossible Triangle”, but the most discussed value is the CAP theorem of the distributed system. It means that distributed system can not ensure consistency, availability and partition tolerance simultaneously.
Similar to the CAP theorem, there are security Security and high performance High-performance\.
De centralization of Decentralization three compatible SHD completeness.
As a practitioner of the block chain and a centralization of believers, we have been exploring the SHD completeness by designing a consensus mechanism based on UPoS.
Therefore, I think that as a completeness of SHD, the CAP theorem can not and can not be a false proposition. It is also solved by technical polishing.
Q4: can you tell me about the development and roadmap planning of ETM project?
Aaron Yuan: at present, our test network has completed three public beta tests in October, December and April this year, further improving the main network performance and mining mechanism. The ETM v1.0 version has been completed and the consensus mechanism has been perfected.
Next, we will develop ETM v2.0. On the basis of v1.0, we reconstruct the framework, improve the overall performance, complete the cross link, intelligent contract related content and economic construction.
In addition, our comprehensive security audit has been passed by slow security companies and security companies. The main network will be launched soon, so please take an active part in our community activities.
Q5: you mentioned the community just now. How does ETM conduct community governance?
Aaron Yuan: regarding community governance, I think there are four very crucial points.
First, the spread of ideas. We continuously input the values of “returning to centralization” and “returning to the masses” into the community. In the community diffusion content articles, through different forms of community activities to deepen the sense of community users. I think this is very important.
Second, interactive discussion. We create the soil of discussion in the community, through the fixed time topic discussion, the daily community activity, the idle time discussion and so on interactive form, satisfies the different attribute user’s exchange demand.
Third, incentive mechanism. A series of activities we conducted in the community, in addition to providing quality content, will also give users incentives to encourage users to become sticky and identify.
Fourth, efficient service. For example, ETM’s customer service staff will actively interact in the community. At the same time, we are also starting to recruit community ambassadors, who will become community volunteers outside ETM’s little assistant.
We hope to build a highly autonomous, more equitable, spontaneous and orderly community.
Q6: what kind of governance mode do you prefer? Complete centralization, semi centralization and complete centralization? Why?
Aaron Yuan: our original intention has never changed, that is to build a truly centralization of block chain network world. Therefore, complete centralization is our ultimate goal.
Of course, as an ideal of ETM, complete de centralization still needs to be achieved through continuous technical polishing. In order to achieve the goal of de centralization, we propose the UPoS consensus mechanism.
In this mechanism, UPoS node participation in competition is a probability event, and no matter how many votes it is, it is possible to get elected. In addition, the threshold of UPoS to nodes is very low. We are hoping to achieve the centralization of SHD completeness through such a consensus mechanism.
What is the organizational structure of Q7:ETM? What are the roles and roles of the founding team in the whole ecosystem? Will the founding team consider phasing out?
Aaron Yuan:ETM is mainly divided into three parts: foundation, global scientific advisory committee and developer team. The foundation is registered in Singapore. The foundation has a global scientific advisory committee. We also actively support the establishment of a developer team. Our global scientific advisory committee is responsible for building the top-level architecture and guiding the developer team to build technology products.
The founding team plays the role of ecological architects and implementers in the ETM ecosystem. In the future, we will gradually withdraw, making the ETM community a self-organized, self running and self evolving new ecosystem.
Q8: we notice that the ETM consultant team is the two Nobel prize winner. What interesting stories have happened between the two Nobel laureates and the ETM project? What is their role in the team?
The Aaron Yuan:ETM research and development team is composed of professors, academics and doctorates. The team has a strong academic atmosphere, so the project team has many interactions with many Nobel laureates.
Interestingly, because members are all academics, everyone is very serious, so they often quarrel with each other because of a certain problem.
In addition, the Nobel laureates are deeply involved in project design and research and development, such as professor Sargent’s revolutionary integration of game theory research into the block chain. They are ETM’s think-tank, providing many support for team polishing technology.
Q9: since the core members of the team are famous doctors, can you give a detailed introduction to the background and the respective responsibilities of the main members of the team?
The core team members of Aaron Yuan:ETM, apart from the two Nobel prize winners advisers, are all academic backgrounds in computer science, mathematics and economics.
For example, I have published 12 papers on SCI in distributed system. The other members of our team, like Daniel Wang, have more than 100 international and domestic patents in the field of distributed network transmission and data storage. And Thomas Tang, a Ph. D. in mathematics from University of San Diego in Spain, who studies partial differential equations and game theory. Other project members are university computer R & D and financial background.
It can be said that the academic background of team members has laid a solid foundation for project deep tillage technology.
Q10: on line OKEx, many people worry that the project side will smash the plate. How do you respond to the query?
Aaron Yuan: I must say that we do not have any circulation at present. All the tokens are circulated through the channels of exchange. No matter the team or the cornerstone or the foundation, there are locking mechanisms.
Generally speaking, after the exchange on the project, whether the price rises or falls, it is market behavior. As a project side, what we can do is to make our technology and services the best and live up to the support of the community. As for price, I think value will be reflected in time.
What are the plans for Q11:ETM private placement?
Aaron Yuan: the private placement lock is written in the bulletin of OK, and it can be viewed by itself. But I can simply say that starting from fourth months, it will be unlocked one after another.
Does Q12:ETM have a market value operation team?
Aaron Yuan: we invited the highest value management team in the industry, signed a two-year long contract, and also reflected our project team’s determination to city management.
Q13: can you tell me about ETM’s financing plan and partners?
Aaron Yuan:ETM completed two rounds of 70 million financing in July 2018 and early January 2019 respectively, including eight dimensional capital, Bitlink, consensus lab, encryption vision, JRR Capital, Ke Yin capital, and four-dimensional magic cube (alphabetical order).