The Problem: Walled Gardens
The experience of sending an email is almost identical no matter which network you use, device you compose it on, or region you are in. Why can’t we have the same experience with blockchains?
Because blockchains can’t work together. You can’t trigger an Ethereum smart contract with a Bitcoin payment. You can’t easily trade between chains and decentralized applications can't expand to use features from other blockchains.
The Solution: Multi-Chain Technology
What do existing multi-chain solutions look like?
Existing projects use what are called “validators” to guarantee that a chain’s state is as it should be. A validator is an unknown party incentivised through fees who will promise an event or transaction occurred on another blockchain.
Validators often hide behind names like "masternode", "witness", or "hub" creeping in as "temporary solutions". Watch for them and invalidate the project until a better solution is found.
Bad Validators destroy trust.
In addition to front-running trades creating price cartels, validators expose users to “sour milk” network attacks. These attacks involve a bad validator forcing peers to doubt truthful peers by sending a mixture of bad and good blocks to different peers while coordinating other bad validators to do the same. These attacks can be done with even a fraction of the validator network and lead to frozen networks, logic-locked consensus, and unintended forks.
How is the Block Collider Different?
True decentralization, no validators.
Block Collider builds a new blockchain with a mining algorithm that consumes blocks from other blockchains as a part of its mining computational challenge. Miners who submit a bad block as their proof of work will be rejected by other miners and won't get the block reward. As the difficulty rises, the same incentive framework that strengthens the Bitcoin blockchain will reinforce alignment with miners of the Block Collider.
Learn more about the underlying technology in the white paper
Launching With Five Blockchains
The Block Collider multichain will launch with five compatible blockchains running on technology created to work across hundreds. A sixth hidden chain will also be added to be revealed at a later date. The addition of new chains is decided through a democratic community-led governance process.
The Block Collider works like a load balancer in that you can use different blockchains to achieve the same value transfer. This flexibility can help overburdened chains which are forced to demand higher and higher fees to establish priority for transactions.
Reach More Users, Simple ICOs.
Easily enable your Ethereum, NEO, or Waves smart contract or service to accept user transactions from other chains like NEO, Waves, or Lisk, with more coming soon. This ultimately leads to increased liquidity of all blockchains involved.
Recycle Hash Power.
Reusing blocks made by external blockchains in the consensus process extends the use of those blocks and value of the miners.
By default, cross-chain transactions are encrypted so no one can see what you send on the network. This means no more snooping and no more front-running.
Block Collider lets you keep creating smart contracts in whatever programming language you're used to. Our built-in compilers take care of deploying and executing the contract in its native VM.
Proof of work is the most battle tested method of establishing trustless consensus among peers and is in use by almost all truly decentralized blockchains. The Block Collider builds on this strength by introducing blocks from other crypto currencies to do the required proof of work.
Many blockchains make you stronger.
If a miner were to try and use bad blocks, they would not only have to reverse the entire Block Collider chain but break the hash power of difficulty of the member chain.
More about the algorithm.
The algorithm enables a multivariate version of Cosine Distance combined with a memory intensive transaction-only process to disincentivize ASIC development. The mining challenge--Proof of Distance, or PoD--is detailed in the white paper. To understand more about PoD visit Building a Blockchain Singulation with Proof of Distance.
Block Mining + Transaction Mining.
Unlike other cryptocurrencies, the transactions and the blocks of the Collider blockchain can be mined separately. Transactions being pre-mined makes it easier for a miner to add a transaction to a block it has discovered, which balances the power that miners have in current systems.
A new macro-form of digital ownership, Emblems serve two very critical roles in the Block Collider’s operation.
Emblems are sold in the ICO, each containing a basket of crypto currencies on 5 blockchains.
Each of the 300,000,000 Emblems available serve as a distribution vehicle for “marked tokens”. This means that for every Emblem you receive an airdrop with a fixed amount of tokens on the five founding blockchains (and on one hidden one).
After the ICO a miner's Emblem balance increases the amount of transactions the miner can add to a block.
Miners who have a balance of Emblems can add more transactions per block than the default amount, thereby collecting more fees. This allows blocks to dynamically adjust transaction size, while acting as a more stable store of value for miners than mining hardware.
Emblems & NRG
NRG is the primary currency of the Block Collider. It is what is awarded to miners when they win a block, and it is how fees required to execute transactions are paid. The relationship to Emblems could be compared with the relationship Gas has with Ethereum, except that Emblems do not automatically generate NRG.
Learn more about Emblems and NRG in the white paper.
The App Lab
From the App Lab, we launch banner applications which leverage the Block Collider technology to create best-in-class user experiences. Our flagship application is a complete overhaul of the traditional blockchain wallet in the form of a Amazon Alexa chatbot named Collider.
Introducing the Block Collider Wallet: "Collider"
- A friendly face to the Block Collider.
- Collider send funds to friends and co-workers.
- Add contacts and manage your NRG wallet.
- Import and execute smart contracts.
- Runs with multiple blockchains.
Collider On Everything.
Our plan is to put Collider everywhere, but for now we have built prototypes on both Alexa and Telegram. Next up are Slack, Facebook Messenger, WhatsApp, Kik, and more.
Your Wallet as a Chat-bot.
Sending different cryptocurrencies, transferring Emblems, and eventually joining ICOs are all possible through simple voice commands over Collider.
Enterprise Grade Security.
Collider is safe. Advanced authorization and encryption protocols like OAUTH 2.2, SSL, and Semi-Lock technology, ensure that your experience with Collider is the safest possible way to interact with the collider.
Ever evolving (your personal blockchain trader).
Our wallet will continuously increase its functionality, starting off with the ability to execute trades on your behalf using tested trading strategies. If you have any suggestions or or are currently running a blockchain that you would like to incorporate with Wallet, let us know!
Join ICOs with a single voice command.
Joining an ICO is an annoying, unnecessarily technical process. Just tell Collider which ICO you want to join and for how much, confirm the emailed transaction secured by 2FA, and you’re done.