ENCRY is a multi-disciplined international holding company specializing in the creation of high-tech products in the telecommunications field, as well as decentralized and distributed services.
Hackernoon team has interviewed ENCRY’s founder Roman Nekrasov and the technical director Andrei Chmora about the implication of blockchain in the telecom industry and how ENCRY’s developments can drastically improve the security of users on the Internet.
- How did you start working with decentralized technologies?
Cryptography has been in the field of my scientific interests since the beginning of the 90s. Prior to that, I was working with algebraic codes and was partially in touch with tasks that were related to cryptography, but directly I began to deal with this issue in the 90s. The first surge of interest in cryptography arose in the world at that time due to the development of payment systems and electronic cash, but it was Satoshi Nakamoto, who later managed to formalize the existing technologies into one coherent system. For its time, it became unique because it managed to create a consistent concept and apply well-known cryptographic solutions correctly. …
Digital certificates are one of the most commonly known auxiliary tools that help protect data across public networks. However, the key disadvantage of this technology is also commonly known: users are forced to implicitly trust certification authorities which issue digital certificates.
Andrei Chmora, Technology and Innovations Director at ENCRY, suggested a new approach for building a Public Key Infrastructure (PKI) to eliminate the existing disadvantages using the distributed ledger (blockchain) technology.
Let’s begin with the basics.
Read on our blog on Habr for more: https://habr.com/ru/company/encry/blog/461731/
We are very excited to present our first public version of Encry blockchain on TestNet. Even though it is our first public release, we have already implemented the following list of features:
- Consensus via memory-hard Proof-of-Work (PoW) function Equihash;
- Scripting language (non-Turing complete smart contracts);
- Transaction validation;
- Transactional system with multi-token support;
- Custom assets issuing;
- Language for custom asset structure description;
- Multiparty signature (Escrow) (Prism*);
- Threshold signature (Prism*);
- Time-window locks (Prism*);
- Data-transactions (Prism*);
- Fast-sync mode (full-node mode in which node downloads only headers and full-blocks which resides in specified blockchain suffix);
Prism — is non-Turing complete smart contract script language which is more powerful than Bitcoin Script but also more safe against heavy validation attacks.
Here is instruction how to install full-node: https://github.com/EncryFoundation/EncryCore/blob/release/README.md
Description of node’s API can be found here: https://github.com/EncryFoundation/EncryCore/blob/release/docs/design/NodeRoutes.md