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Tokamak Network: Decentralized, Scalable, Turing Complete Layer 2 Plasma

CATEGORIES

Scalability

MATCH ROUND 6

0 DAI

MATCH ESTIMATE

ROUND

5 DAI
1 contributors

Description

{"ops":[{"attributes":{"background":"transparent","color":"#000000"},"insert":"The problem Tokamak network is trying to solve is the current constraints of the Ethereum blockchain including scalability, high transaction fees, lack of functionality, and privacy. It is crucial to solve this problem because due to these constraints, current Dapps can only provide limited services and it is impossible for traditional IT services to utilize blockchain technology. Moreover, new technologies such as zero-knowledge proofs, cannot be implemented under current conditions and other Plasma chains."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Tokamak network offers a powerful tool for the builders to utilize the full potential of Ethereum blockchain without sacrificing decentralization."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"The Ethereum Foundation grantee Tokamak Network is a protocol that allows anyone to easily create a plasma chain that ensures scalability and security. It is a plasma that fully supports EVM and is 100% compatible with Ethereum smart contracts. Unlike other plasma chains that only provides limited features such as token transfers, Dapps running on Ethereum can seamlessly migrate to Tokamak plasma right away. We’ve been developing generalized plasma from 2018, and we have made transferring assets between Ethereum and plasma more secure and convenient."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"The security of the Tokamak network is ensured by the rootchain contract. In addition, through the rootchain contract, ERC20 token and Requestable Token, a new type of token for Tokamak, can enter into and exit from the Tokamak plasma chain without limitation, to Ethereum Mainnet."},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"Another feature that is provided in Tokamak Network is fee delegation. By using Stamina, users can send transactions without consuming their assets as gas fees. Fees are deducted from delegated stamina in the Tokamak plasma chain. "},{"insert":"\n\n"},{"attributes":{"background":"transparent","color":"#000000"},"insert":"With Tokamak Network’s computational capacity, now it is possible to implement privacy solutions in an economically viable way. Until now, ZKP could not be used in Ethereum main chain due to performance and Tx fee issues. As an MVP, we are currently developing a zk-DEX"},{"attributes":{"background":"transparent","color":"#222222"},"insert":"(Private decentralized exchange)"},{"attributes":{"background":"transparent","color":"#000000"},"insert":", decentralized exchanges that guarantee the traders’ privacy, which is a powerful application of ZKP that operates on top of Tokamak Network. The first step of establishing this privacy ecosystem is to adopt “zk-DAI” into the network by migrating makerDAO’s smart contract, so now Tokamak Network has a partnership with MakerDAO."},{"insert":"\n\n"},{"attributes":{"color":"#000000"},"insert":"Tokamak Network Docs "},{"attributes":{"color":"#1155cc","background":"transparent","link":"https://docs.tokamak.network/"},"insert":"[Link]"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"GitHub ["},{"attributes":{"link":"https://github.com/Onther-Tech"},"insert":"Link"},{"insert":"]"},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"EF grant video ["},{"attributes":{"link":"https://www.facebook.com/ethconkr/videos/2460207633998705/"},"insert":"Link"},{"insert":"] : Onther Inc."},{"attributes":{"list":"bullet"},"insert":"\n"},{"insert":"\n"}]}

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