KardiaChain
Hi guys! I will be giving you a review about the KardiaChain Project, About the company, token information, roadmap, Team and many more. So i begin by explaining exactly what KardiaChain entails.
ABOUT KardiaChain
KardiaChain is a blockchain network that connects other networks and applications in the blockchain ecosystem. The goal is to create a unified ecosystem that combines the collective strength of all participants and to lay the foundation for the upcoming blockchain mass adoption. The primary solution of KardiaChain is the Dual Master Node (or Dual Node for short) that has three prominent components: Translator, Router, and Aggregator. The KardiaChain team has developed a rather wholistic solution, called Dual master node (or Dual node for short), to support inter-chain operations for both existing and upcoming blockchain platforms. The main goal of KardiaChain is to develop a unified ecosystem where developers can stresslessly create smart contracts that can run on multiple blockchains, that is, to increase costs, and avoid congestion. And also to communicate with smart contracts on other chains in a trustless and secure manner.
The KardiaChain team strongly believes that mankind is soon reaching the stage that blockchain solutions, especially smart contracts, will help people reach trustless agreement at ease and in every single aspect of daily situations. Yet, unlike the current approach where many chains are
built with sole purpose to make others obsolete and become the one chain that fits all, the KardiaChain team expects things to work out differently in the real world. Similar to the internet (interconnected-networks) being a gigantic network of networks, expects an internet of blockchains that is a connection between numerous public/permissionless and private/consortium blockchains to form. Each of the individual blockchains will have a different design to serve specific purposes and should be embraced for their own uniqueness.
TEAM MEMBERS
COMPONENTS IN THE KardiaChain ECOSYSTEM
Dual Master Nodes:
They have access to the ledger data of twochains simultaneously (KardiaChain and another chain of choice). They can receive transactions from external chains and safely ingest those updates into KardiaChain ledgers without compromising anything from both chains. Dual Master Nodes are decentralised because everyone can run a Dual Master Node (permissionless) and they have a Consensus among them to verify the data from both chains. Dual Master Nodes are secure because interchain transaction data to/from KardiaChain are tamper proof, protected by a multisignature scheme, such as Schnorr Signature Algorithm.
Translator:
This utilises Kardia unified Smart contract Language (KSML) to break the language barrier between different smart contract platforms, facilitating a “mutual understanding” of instructions in smart contract between KardiaChain and external chains.
Router: determines the best chain to direct the translated request based on multiple inputs such as current performance, fee, waiting time, and capacity.
Aggregator:
Ths batches new updates from other chains to reduce strains on KardiaChain, potentially reduce one block of updates to one transaction on KardiaChain. The combination of the above concepts creates countless opportunities and lays foundation for a mass blockchain
adoption.
Since the goal of KardiaChain is to ease the steep curve of learning other the smart contract framework of other chains, an intuitive set of UI, API, and SDK will be provided to enable the simple construction of a smart contract on KardiaChain. This set, known as the Conduction system keeps the Heart operating.
KardiaChain runs two Byzantine Fault Tolerance (BFT), delegated-Proof-of-Stake (dPoS) consensus: the Main Consensus (MCon) and the Group Consensus (GCon). MCon participants are called Main Validators (MVals), who are responsible for maintaining the ledger of KardiaChain. GCon participants are Group Validators (GVals), who validate interchain transactions and add to their respective Group ledgers.
Token Details
The native digital cryptographicallysecured utility token of KardiaChain (KAI) is a major component of the ecosystem on KardiaChain, and is designed to be used solely as the primary token on the network. KAI is a non-refundable functional utility token which will be used
as the unit of exchange between participants on KardiaChain. The goal of introducing KAI is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on KardiaChain.
Token: KAI
Type: Utility
MVP/Prototype: Available
Platform: Ethereum
Accepting: ETH, BTC
Country: Singapore
Whitelist/KYC: None
Restricted areas: USA, Canada, New Zealand, China
Staking Model
A node operator need to lock all Kardia Native Tokens (KAI) in his balance using lock Balance transaction in order to become a Validator. Staking amount required for a Validator as Master node is s(M), and as Dual Master node s(M+D). KardiaChain applies the “coin age” concept to
examine the effective staking amount, which means KAI token must be in an account for a number of blocks (mature time) before it is available for lock Balance.
During mature time, the total staking amount may vary resulting in more staking token required
to achieve majority. For example, the current total stake is 1,000,000 KAI, the attacker has to accumulate 2,000,001 KAI to reach > 66%, due to the BFT consensus security model. After mature time, some accounts join as validators and thus increase the stake by 100,000 KAI. The attacker then need to add 200,000 KAI more and wait for another mature time to attack.
Some Features of the KadiaChain Platform include:
Developability:
Developers can easily switch to new blockchain technology using the smart contracts APIs on KardiaChain with their familiar tools and languages. KSML is designed to be a human-readable, ready to use language that supports most of the operations that a smart contract may involve. By composing smart contract using KSML, developers can easily deploy their solutions to any blockchain that is supported by the ecosystem of KardiaChain without any extra effort.
Scalability:
When a smart contract is submitted to the network of KardiaChain, it can be translated and deployed to other (specified) chains in the network. The best network will be elected to make sure the performance achieved is the best possible at the time of submission.
This is also known as offloading solution for blockchain to avoid a sudden congestion at a specific time or event.
Adoptability:
Any organisation or individual can experience their very first blockchain application using the smart contracts APIs on KardiaChain which provides a user-friendly toolkit with a comprehensive markup language to help him create, test and deploy his very first contracts without hassle. All of the process can be done on a web-based interface without any prior environment setup required.
ROADMAP
KardiaChain is the First Decentralized Interoperable and Self-Optimised Blockchain Ecosystem. For more information about this tremendous project, please visit the links below;
Website: https://www.kardiachain.io
Whitepaper: http://dl.kardiachain.io/KardiaChain-WhitePaper-English.pdf
Twitter: https://twitter.com/@kardiachain
Telegram: https://t.me/kardiachain
Medium: https://medium.com/@KardiaChain
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