Introduction to AndusChain: The Fair High-Speed Next Generation Ethereum
AndusChain is the public blockchain based on Ethereum; however, there has been many debates on the sustainability of Ethereum due to its PoW (Proof of Work) and PoS (Proof of Stake) methods given that PoW and PoS have a sort of centralized characteristics rather than decentralized ones. Except for a sustainable decentralized consensus algorithm, there seems to be many solutions for Ethereum due to the significant progress of lots of research. Still, there exists a big gap on sustainable decentralized consensus algorithms.
Obviously, AndusChain developed the public blockchain which applies the ‘DEB’ consensus algorithm. The ‘DEB’ consensus algorithm will enable public blockchain to maintain sustainable decentralized characteristics. The main purpose of the ‘DEB’ consensus algorithm is to develop a much faster public blockchain than Ethereum by enhancing sustainable decentralized characteristics.
AndusChain is based on Ethereum. In other words, AndusChain is a public blockchain that maintains the structure of Ethereum, which is a typical public blockchain with sustainable decentralization and increased speed. To date, many blockchains have been proposed, including public blockchains and private or consortium blockchains, but it is Ethereum blockchain that satisfies the essential philosophy of the original blockchain because creating the infrastructure for decentralized P2P business ecosystems (ecosystem) is the primary purpose of Ethereum.
Vision and Goals of AndusChain
The vision and goal of AndusChain are, in principle, the same as the vision and goal of the public blockchain, Ethereum that realizes the philosophy of blockchain. However, we have managed to solve the problem of the decentralization of the consensus algorithm while having maintained a high-performance of the next-generation Ethereum.
- To create a Fair and high-speed public blockchain platform
- To realize a fair and reliable world
- Realization of crypto economy and blockchain economy
- Infrastructure for constructing DAPP ecosystem with maximized convenience
AndusChain is also an open blockchain platform for decentralized P2P business ecosystems like Ethereum. In other words, it has all the token issuing functions, smart contract functions, smart asset functions, and DAO functions Ethereum has. AndusChain is a blockchain based while enhanced the ability to support a convenient ecosystem for users to activate the decentralized P2P open ecosystem (DAPP ecosystem)
Differentiated features from Ethereum
- Debating a fair agreement algorithm that maintains sustainable decentralization characteristics, and applying the algorithm
- No linkage between mining and cryptocurrency issuance (that is, password mining function is not included in mining function)
- The best performance among public blockchains: over 1,000 TPS
- Finality is guaranteed at the same time as creating a block without a fork
- Strengthen the ecosystem support function of Dapp service
Fairness of Consensus Algorithm
Before explaining the sustainable decentralization characteristics of the AndusChain, we explain the fairness of the consensus algorithm. The purpose of the DEB consensus algorithm is to maintain sustainable decentralization characteristics by ensuring fair mining probabilities for all nodes regardless of the mining node’s conditions (computing power, holdings, etc.). For this reason, we first define the fairness of the consensus algorithm and analyze the fairness of the existing public blockchain.
Definition: Fairness of Consensus Algorithm
The fairness of the consensus algorithm is defined as the correlation between the mining probability of a node and the conditions (computing power, stock, etc.). For example, with PoW in Bitcoin and Ethereum, the probability of becoming a mining node is determined by the computing power of the node. It means the probability of successful mining is proportional to the total computing power of nodes.
In the case of Bitcoin, which employs PoW method, the probability of a general node succeeding in mining due to the birth of a mining factory or group is almost zero. This has created a controversy on Bitcoin. For Ethereum, which employs the PoS method, the mining probability of the node is determined by the stake held by the node. This means node’s mining success probability is the share of cryptocurrency held.
In the case of the PoS method, the fact that typical capital logic is applied, when the mining probability of the stake held is determined, has already been pointed out.
- AndusChain Virtual Asset: Daon (DEB)
- Total Quantity: 1 Billion (1,000,000,000)
- Network: AndusChain Mainnet
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