What is Takamaka
From the white paper, Takamaka presents itself as a complete and fully open source verifiable blockchain, which solves the ease of programming and scalability, but it also proposes a new consensus algorithm proof of stake (PoS). The algorithm is designed not to be subject to the currently known PoS attacks and to faithfully approximate the security and stability properties of the proof of work (PoW).
Takamaka
is a project developed by AiliA SA in collaboration with the University
of Verona and Trento. Thanks to the Professor Nicola Fausto Spoto, it
has been possible to use native Java as a smart contract language, a
distinctive feature of the project. Takamaka
is based on the implementation of all levels that make up the
blockchain: smart contract, consensus algorithm, networking,
cryptography, thanks to the work of Mr. Giovanni Antino and Mr.
Francesco Pasetto and the University of Trento, where the Full Professor
Massimiliano Sala analysed the cryptography and consensus algorithm.
Java,
born as an object oriented language, has greater simplicity in writing
and managing code and intrinsic characteristics of portability,
reliability and verifiability. From the node to the smart contract, to
the creation of tokens: the result is a high-performance blockchain that
does not require special development environments.
Consensus algorithm
The
PoS, instead of consuming electricity to solve computationally
expensive calculations, selects a node to generate a new block. A node,
chosen to submit a new block, is called miner, while one pointing coins
at a miner is called stakeholder. Stakeholder betting, unlike classic
PoS, is not a key element of the entire financial power in Takamaka,
because the stake does not give the ability to control or influence the
algorithm to the single better.
In Takamaka there cannot be bets
on the single node higher than a certain value dictated by the
protocol. This ensures that the node has a minimum value to be able to
become a delegated miner, but this value is limited to prevent it from
assuming a predominant role in the network, as a necessary condition for
the status of balance.
Double coin
Current
Proof of Stake implementations and its main variants are based on the
exclusive use of a single chain token for job quantification and control
management. In the initial stages, this
leads to an unnatural scarcity of the token itself: whoever owns it, has
the control of the chain and he is not willing to sell it, in order not
to lose the predominance on the chain.
Using green and
red coins Takamaka allows the initiator of the network to continue
working on it and, even if he decides to transfer control of his tokens,
he would not lose the possibility of operating within the network, nor
would it cause significant price manipulation.
The green token
is never exchangeable with the red one, but it is generated by the
mining activity and can be purchased directly on an exchange platform.
The red token has been generated in the zero block and its value is
stable and guaranteed, so the coin ensures the stability and certainty
of management costs on the network, such as transactions and smart
contracts.
The green tokens created in the zero block are
99,000,000 : 5,000,000 of them used for governance; 37,500,000 of them
(about 1/3 of all tokens, but less than 50% + 1 of the total produced in
the zero block) distributed among financiers, lawyers, developers and
marketing operations; the remaining 56,500,000 offered for sale to the
public. A further 105,120,000, released over a period of 100 years as
COINBASE. The red tokens, generated in the block of genesis, amount to
100,000,000,000.
Both the tokens belong to the utility genre, purchasable on the marketplace of AiliA SA as well as on exchange.
Governance
Takamaka
is based on a self-consistent structure, in which the collective
participation of the involved actors makes them honest and prompts them
to improve the protocol, through upgrades and continuous bug fixes. The
company makes available 5,000,000 green tokens to reward those who
report improvement actions, by emailing the team at bug@takamaka.io and
adhering to the Responsible Disclosure.
Applying this controlled
and ethically correct model for reporting security vulnerabilities
contributes to raising the level of protection of Takamaka services,
helping the company to detect and take corrective actions, avoiding
damage and/or disruption.
AiliA SA
The project was born and developed after a previous and deep study of the public blockchains operations, carried out by Mr. Mario Carlini: he is actually CEO of AiliA SA and considers this technology as a new frontier for the creation of a suitable platform to serve businesses. AiliA SA was bought in Switzerland at the beginning of 2017, the project Takamaka started in October of the same year.
Currently
based in the canton of Zug (CH), the company operates in the field of
“Provisions of IT services” and innovation processes in the areas of
technological transformation involving blockchain and AI.
Purpose
Takamaka
is an entrerprise platform that tries to address and solve problems of
the existing blockchain protocols, to all intents and purposes it can be
considered as a blockchain 3.0. While Ethereum (or several other
competing Blockchains) has its own programming code called Solidity,
which requires developers and businesses to learn and understand how it
works before they even start any development phase, Takamaka ( thanks to
Java) lowers the barrier to the blockchain world, since it does not ask
its developers to learn a new programming language to create contracts.
In
this way, Takamaka runs to fully satisfy the B2B environment and
beyond, significantly reducing any learning problems and any barriers
that hinder the number of developers and companies interested in
starting their own business model in the blockchain world.
To view the white paper and technical documents, please visit www.takamaka.io
Stay Tuned. Download our white paper: https://lnkd.in/gkhU5cf
Keep in touch and ask your questions on www.takamaka.io
Twitter: https://twitter.com/Takamaka_io
Linkedin: https://www.linkedin.com/company/takamaka-enterprise-blockchain
Telegram: https://t.me/takamaka_io
