VANTA is a blockchain based ecosystem aiming to develop an intelligent network for real-time networking. By using distributed ledger technology (DLT) and crypto-economics, the VANTA system sees participating nodes in the network contribute to real-time data transmission and processing thus doing away with any reliance on traditional centralized systems. This results in a low cost, functional blockchain based network that can be used by anyone via an API, SDK, or customizable modules that integrate with applications or platforms currently in use. VANTA can expand its ecosystem through these modules in order to integrate current systems that require real-time networking functionality.
VANTA’s Intelligent Network works as a decentralized network that performs real-time data transmission, processing, and storage functions by selecting peers that collaborate and evaluate each other. The VANTA ecosystem also includes the Networking Framework which is a non blockchain framework built on the PGP encryption standard which helps the network achieve high levels of performance when dealing with secure, real time communications and data transfers. Furthermore, the ARKAS Protocol, a decentralized P2P networking protocol, establishes seamless routing channels across nodes, while the KANUS Chain adopts the Proof of Networking consensus algorithm that incorporates intelligent, self-involving nodes with Verifiable Random Function (VRF) and Practical Byzantine Fault Tolerance (PBFT) to maintain efficiency alongside cost reduction.
The team behind the project state that VANTA is a decentralized and permissionless network that ensures real-time, secure and private connectivity, and they envisage that their networking technology will cover a wide range of use cases. These include messaging, file transfer, voice and video call development, large-scale real-time video streaming, and the transmission and processing of real-time data collected from IoT sensors. In addition, VANTA will also provide and expand enterprise-level telecommunications network solutions to businesses and enterprise customers.
The team still has to release their public repositories and the project is still in its developmental stages. The project only came into being in Q2 of 2018, and the VANTA architecture and consensus mechanism design were developed in Q3 2018. As a result, potential crowdsale participants will have to wait until Q2 of 2019 for the testnet release, while the mainnet is not scheduled to go live until Q4 of 2019.
This means that anyone interested in the project may have to wait until the end of 2019 or early 2020 for significant developments on the platform. This may prove too long to wait given the current market conditions, however the te
The team describe Ethereum or EOS as general platform blockchains while Storj and Golem are seen as specific-purpose blockchains. VANTA is presented as an intelligent network platform that can be classified as either a platform blockchain or a specific-purpose blockchain. In addition, despite operating as a high speed, low cost blockchain project, the team highlighted messaging, file transfer, voice and video call development, real-time video streaming, and data transmission and processing as potential use cases. As a result, there are a number of blockchain projects aimed at disrupting the world of messaging and data transfer such as Status, Mainframe, Skrumble Network, Dusk, and Horizen.
In addition, VANTA will also provide and expand enterprise-level telecommunications network solutions to businesses and enterprise customers which will bring it into competition with more traditional non blockchain projects such as Google, Skype, Slack, and Keybase.
Competitors’ Valuations:
- EOS, valued $2.4B.
- Horizen, valued 28.5M.
- Mainframe, raised $20.6M.
- Skrumble Network, raised $16.5M.
- Dusk, raised $14.4M.
Size of Potential Market
The team aim to become leaders in the world of communications and the global transfer of data and have produced information on the Global Datasphere which accounts for all new data that is captured, created, and replicated. They show that the Global Datasphere will grow from 33 Zettabytes (ZB) in 2018 to 175 ZB by 2025, and that 90ZB of data will be created on IoT devices by 2025. In addition, more than 150B devices are forecasted to be connected across the globe by 2025, with the majority set to be creating data in real time. The Datasphere was made up of 15% real-time data in 2017, and this is predicted to grow to 30% by 2025. In addition, they highlight that Gartner forecasts that the total market value of blockchain-related businesses will grow to more than $ 176 billion by 2025, and will reach $ 30 trillion by 2030.
As a result, VANTA is targeting a significant market and is aiming to become a widely used decentralized messaging and data transfer platform that provides viably alternatives for both everyday users and commercial entities. The team faces competition from high profile companies already in operation such as Google, Slack, and Twilio, however they plan to develop APIs that allow VANTA to integrate with these platforms in addition to products such as Stripe, IBM Watson, Cloudinary, and Amazon Web Services.
The use of APIs may allow VANTA to get a foothold in the market as it does not need to compete directly against more established industry heavyweights and can instead work to leverage their already existing user bases. The team also looks set to make the most of strategic partnerships with leading companies such as Voiceloco, Sejong Telecom, Oracle, and Microsoft to help develop their standing in the world of commerce and the blockchain economy.
Innovation & Intellectual Property
VANTA is set to operate as a permissionless network; however, the team have yet to confirm if the project will become fully open source. Their repositories are also not currently publicly available to view.
Blockchain Advantage
Blockchain technology is a central part of VANTA’s ecosystem, as the team aims to build a decentralized and permissionless network that facilitates real-time, secure connectivity.
Need for Custom Token
The VNT token will be used to process transactions, incentives, and rewards across the network. Nodes may earn block rewards based on their contribution to the network and computing resources such as CPU, memory, and bandwidth.
Decentralization
The VANTA network makes use of an intelligent peer system and the KANUS Chain adopts Proof of Networking (PoN), which consists of a self-evolving intelligent node system working alongside the Verifiable Random Function (VRF) and the Practical Byzantine Fault Tolerance (PBFT) algorithm to help ensure scalability, and reliability of the decentralized infrastructure.
Proof of Networking sees nodes earn block rewards based on their contribution to the network and computing resources such as CPU, memory, and bandwidth. As opposed to other BFT-based algorithms which require all nodes to receive and verify proposed blocks to reach a consensus. The KANUS Chain selects a few nodes based on the VRF trusted random function and they participate in block proposal, verification, and confirmation. The combination of Proof of Networking (PoN), Practical Byzantine Fault Tolerance (PBFT), and Verifiable Random Functions (VRF) create the unique consensus algorithm called PoN-VPBFT. Furthermore, verifier nodes act as work verifiers for real-time network processing, and can participate by staking a number of VNTs, therefore a smartphone or a low-end PC with low performance or battery-related issues can easily contribute as a verifier node. When new services are launched on the network, or when an existing service migrates to using the VANTA API, the number of users participating in the network will increase, and these users’ devices can contribute to the network by acting as verifier nodes.
Readability
The team have selected to use a language and structure that is suitable for the topics covered, and should be easy to understand for the majority of readers. Despite the complexity and depth of the project, it’s quite easy to follow the main ideas and concepts without many issues. While there are some mathematical formulae and advanced algebra contained in the whitepaper, there are also a number of illustrations and diagrams that help readers to understand key points. The whitepaper also contains a number of references to more detailed studies for people interested in further research.
Transparency
The whitepaper goes some way to develop a significant level of transparency and covers the project’s token metrics and includes a development roadmap. The whitepaper also provides short bios for core team members and advisors. In addition, the whitepaper also outlines a number of strategic partnerships and includes legal disclaimers relating to the nature of the project and any possible purchases of VNT tokens.
Technology
The whitepaper outlines the VANTA Intelligent Network and explains how it works, and covers Real-time Networking, Verifiable Random Function, and the workload of Intelligent Nodes. The ARKAS protocol and KANUS Chain peer system are also covered in detail, as is the PoN-VPBFT consensus algorithm which represents a combination of Proof of Networking (PoN), Practical Byzantine Fault Tolerance (PBFT), and Verifiable Random Functions (VRF).
Development Roadmap
Vision
The roadmap is a quite simplified document and does not provide a particularly detailed vision. The main idea conveyed is that the team will launch their platform by the second half of 2019 and look to incorporate their native token by the end of the year before going on to grow their developer and dApp builder community.
Maturity
The roadmap runs from 2018 to 2020, and the team expect to complete the mainnet launch in 2019. Despite this, the development of their user base is set to take place over 2020 while VANTA Infinity Connect will launch in the second half of that year. Crowdsale participants may have to wait for at least a year for things to really get moving with the project.
The team elaborate on a number of potential use cases and state that VANTA makes it possible to develop and operate scalable, stable, and secure real-time networking services at a low cost. As a result, developers can develop real-time networking capabilities based on VANTA quickly and cheaply without building up a separate server or developing an entire real-time networking platform.
They outline the areas of communications, streaming, collaboration, and IoT as being key and VANTA will enable individuals and companies to efficiently develop services that can transmit and process real-time data, and the team envisage providing blockchain based alternatives to companies such as Slack, Facebook, and Twitch. They also aim to get ahead of current blockchain projects by providing functions such as text messaging, voice / video calls, video streaming, and data processing which current distributed ledger technologies cannot communicate in real-time.
The team identify messaging, file transfers, voice and video call development, large-scale real-time video streaming, and transmitting and processing various real-time data collected from IoT sensors as being key applications for the VANTA network. They also expect to provide and expand enterprise-level telecommunications network solutions to businesses and enterprise customers.
In addition, the team also aims to target real-time multiplayer-based games as the P2P-based real-time data transfer function provided by VANTA allows developers to create low cost multiplayer games by only developing a game client, and any player game data can be generated by using the VANTA SDK to the client of the player of the game server.
Fund Allocation
- Token Sale: 35% tokens
- Business Development: 15%
- Marketing: 15%
- Research & Development: 15%
- Team & Founders: 10%
- Advisors & Early Supporters: 5%
- Reserve: 5%
Token Sold-Kept-Ratio
The VANTA network consists of 56.2 billion VANTA (VNT) tokens, and a total of 35% will be raised via token sales. A significant portion of the budget will be dedicated to developing the project with 45% of funds going towards Business Development, Marketing, and additional R&D. In addition, the team and core contributors such as advisors and early supporters of the project will be allocated 15% of all tokens.
- https://vanta.network/
- https://twitter.com/vantanetwork
- https://t.me/vantanetwork
- https://www.reddit.com/r/vantanetwork/
- https://www.facebook.com/vantanetwork/
- https://bitcointalk.org/index.php?topic=5095100
BITCOINTALK ID Name: DEWI08
WALLET ADDRESS (ETH): 0x53D1Ea8619E638e286f914987D107d570fDD686B
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