DOS Network AMA Recap (5th August, 2020)

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Crypto Bharat

13 min readAug 10, 2020

🔷 DOS Network AMA Recap🔷

We organized AMA successfully with DOS Network team on 5th of August, 2020 in our telegram community group .

Thank you to Tommaso Jodice, Kundan Kumar & Jerry Liu for answering all the questions & for choosing Crypto Bharat for AMA. We look forward to collaborating more with you in the future.

Questions were submitted in our announcement tweet and questions were also asked on telegram by our community members.

Following is the transcript/recap of the AMA.

Beetle:

Good evening everyone, to the best indian crypto community Crypto Bharat!!.

Before we start AMA session I would like to introduce my group those who joined recently for AMA Session.

In our group we have full of crypto enthusiast traders and we also have some Indian Stock market traders and Forex trader too so our group covers all fans to talk freely and share their views and Ideas on Market.

Our website (www.mycryptobharat.com)

Now let’s begin the show

Welcome to India @TomDOSNetwork @DOSJerry 😄😊

Tommaso@DOS (won’t DM you first):

Thanks guys, lovely to meet y’all :)

Jerry@DOS (won’t PM you first):

Hello everyone, I am Jerry from DOS Network

Kundan Suresh Kumar:

Hi, this is Kundan, lead software engineer at DOS.

Beetle:

Welcome!

Community is much excited to hear from you. Let’s begin with the introductory part. Please introduce yourselves and project to the community.

Briefly :)

Tommaso@DOS (won’t DM you first):

Sure, I’m Tommaso, aka Tom, and I’m the Director of business development

DOS is a layer 2 decentralized oracle network service with many successful DeFi use cases.

Jerry@DOS (won’t PM you first):

I am Jerry Liu, the Director of Product

Beetle:

And we already know about Kudan.

Thanks for introducing

Now we’ll move towards the Admin Round. I’ll ask you a few question.

Are you ready?

Jerry@DOS (won’t PM you first):

Sure

Kundan Suresh Kumar:

Yes Beetle

Beetle:

Sure!

Here’s the beginner. Simple and Straight.

1. What does DOS Network do?

Tommaso@DOS (won’t DM you first):

DOS Network is a decentralized oracle network that provides cost-effective, reliable, and fast data collection services for everyone on the blockchain

Kundan Suresh Kumar:

DOS Network is already on the Ethereum mainnet

If you need an oracle, we are the go-to guys

Beetle:

That’s Impressive!

Moving on to the second one.

2. What advantages does DOS Network have over major

competitors ?

And who are your competitors?

Kundan Suresh Kumar:

First of all, DOS Network is more decentralized than our competitors. In the blockchain era, decentralization is king.

Beetle:

Truely said

Tommaso@DOS (won’t DM you first):

DOS is much more cost-effective than our competitors’ services, making it an ideal candidate for major tech companies, small businesses, and individual developers building on the blockchain

DOS has many successful use cases in the DeFi space, particularly in the Asian market.

Beetle:

Completely agree with that. Usefulness should be in real world.

Tommaso@DOS (won’t DM you first):

Absolutely. Our mission is to be the cheapest, fastest, and most trustworthy oracle service, and I think we’re doing pretty well on these fronts :)

Beetle:

👍🔥🔥

Shall we move to the last question of this round?

3. What’s special about the DOS Network team?

Kundan Suresh Kumar:

The DOS team has some of the smartest people in DeFi.

Jerry@DOS (won’t PM you first):

That’s a great question

DOS Network were founded by Chinese who are in silicon valley

We have rich experiences in giant tech companies like Google, Facebook, Oracle, and so on

Tommaso@DOS (won’t DM you first):

Our team is globally distributed as well, or decentralized if you will :)

Jerry@DOS (won’t PM you first):

Right now, our team is getting more and more international

Our lead software developer, Kundan, is a great example

Kundan Suresh Kumar:

As an Indian living in the US, I love the diversity of our team and I feel welcome.

Beetle:

Amazing! Team is always the foundation of the project. I’m impressed.

Haha!

Tommaso@DOS (won’t DM you first):

Our team also actively engaged with our community and gathers valuable constructive criticism and feedback from everyone

*engages

Beetle:

Taking feedback is critical. I wish you great luck ahead.

Tommaso@DOS (won’t DM you first):

Thank you Beetle

Beetle:

All Right, this brings an end to the admin round. Thank you for answering and explanation.

We’ll now move to the twitter round. Please Welcome @Rektpleb for hosting this Round.

√groot:

Thankyou Beetle for being our host tonight.

Its a pleasure to have you guys in the community.

Lets start the twitter round with the first question.

What role do you think DOS Network plays in increasing the adaptability of the blockchain on the global stage?How DOS Network solves Interoperability problem ? with Which blockchains, DOS Network is interoperatable?

https://twitter.com/pandalucu66/status/1290733014037585922?s=19

Tommaso@DOS (won’t DM you first):

Thank you Lee for the question.

Jerry@DOS (won’t PM you first):

I will start first, Tom and Kundan could talk as well

For the first part of the questions, I think oracle service is an important part of blockchain ecosystem

Without oracle, blockchain, or Dapp built on blockchain, is like an “island”, which means it could not intereact with the world outside blockchain

And we are the “bridge” to solve this problem

oracle service is very important for any type of applications or protocols

Tommaso@DOS (won’t DM you first):

One of the major bottlenecks of distributed open financial protocols is the collection of trustworthy off-chain data, and DOS Network is instrumental in solving that challenge for blockchain practitioners.

Jerry@DOS (won’t PM you first):

Cool

For the second part, how DOS Network solves Interoperability problem. First, DOS is a layer2 protocol

And it has two parts, on-chain(smart contract) and off-chain(p2p network)

Most of our operations(getting data, integration) are done in the off-chain part

So we could “plug” to any blockchain through smart contract

For now, we have launched the mainnet in Ethereum network

This means we could easily work on any EVM compatible blockchains

Kundan Suresh Kumar:

(this EVM compatibility is huge)

Jerry@DOS (won’t PM you first):

Like Binance Smart Chain, Tron, Thunder and so on

Beetle:

Yeah!

Jerry@DOS (won’t PM you first):

In the mean time, for the non-EVM compatible blockchain

For example, cosmos and polkadot

We are exploring our oracle solution by constructing a dapp/oracle chain

We have participated in the GOZ(Game of Zones) contest held by Cosmos

You could find us(our name is cdos) in their website

Beetle:

Awesomely Explained! 👌 Really Cool stuff.

Jerry@DOS (won’t PM you first):

Cool

√groot:

Awesome explanation !

Now coming to the second question which out twitter community is pretty much exicted

• Who is the target of DOS Network? Only for large companies? Or small entrepreneurs like me can also take advantage of this technology?

https://twitter.com/Ale_Urich/status/1290779069336948736?s=19

Tommaso@DOS (won’t DM you first):

Thank you for the question, Ale_urich. I will take this one.

The target audience of DOS Network is everyone. Every blockchain developer, user, and adopter can benefit from DOS Network.

Large companies and financial institutions can derive immense benefits from DOS Network because it offers a fast and cheap oracle service for them to collect astronomical amounts of price data at an attractive price point at scale.

But DOS Network is just as useful for medium and small business owners, as well as entrepreneurs and student developers, as our development platform is extremely easy to onboard and master, and the documentation is thorough and comprehensive. We offer great integration support as well.

We are truly the people’s oracle service.

If you look at our existing strategic and business partners, you will see that it is an extremely diverse list of ambitious organizations and companies.

We invite you to learn more by checking out our partners at https://dos.network

√groot:

There’s a saying more the people work together more they achieve the target faster !

Beetle:

We’ll surely check out.

Tommaso@DOS (won’t DM you first):

Indeed!

√groot:

Now , there wo go for the third question from twitter

DOS network offers decentralized data feed oracle and decentralized verifiable computation oracle, as user could I use these 2 features sinultaneously? What approach allows DOS network to offer these features when most oracles pnly do one?

https://twitter.com/Rosanela08/status/1290853404525330432?s=19

Tommaso@DOS (won’t DM you first):

Thanks rosanela for the great question!

Jerry@DOS (won’t PM you first):

Cool, first of all, I would say that we are one of the first projects to address the “computation oracle” problem

Most of the oracle services are data feed oracle

Kundan Suresh Kumar:

computation oracle is the future of oracles. We are doing a lot of research on this, with CMU.

Jerry@DOS (won’t PM you first):

We adressed this issue in 2018 and we expected that both of these two types of oracle works will have huge demands

For two years, we found that most of the demands are data feeding oracle service

That’s why our mainnet is also mainly about data feed oracle

Tommaso@DOS (won’t DM you first):

From a strategy and business perspective, it makes sense for us to prioritize data feed oracle first

Jerry@DOS (won’t PM you first):

For the computation oracle part, I couls say that users could request two types of work at the same time

Kundan Suresh Kumar:

In our design, different nodes will handle these two types of problems.

This is how it is done simultaneously.

Jerry@DOS (won’t PM you first):

Yes, as Kundan said, that’s why we could handle both of the requests

Beetle:

Great!

Jerry@DOS (won’t PM you first):

For the computation oracle, we see that there are some other projects exploring in this area

We’re working with some of them to see how we will solve this problem together

Kundan Suresh Kumar:

I’m the tech lead on this front

It is an area we are working on

Beetle:

Partnership are really important to last long in Crypto Space

Right! Here’s the second last question.

How will the DOS Network ensure the accuracy of the data obtained at the collection and methodological level?

https://twitter.com/EgorCypto/status/1290922277937319936?s=19

Kundan Suresh Kumar:

That is a great technical question

Beetle:

Members took a good read about it 😅

Kundan Suresh Kumar:

How DOS ensures data accuracy is an off-chain consensus protocol

The protocol uses something called VRF

Verifiable Random Function

and another tech called threshold signature scheme

Basically DOS Network doesn’t do leader election, which is common in cloud infrastructure

We do a random group selection instead of election

This selection is for all registered groups for each protocol run

This is the summary of VRF

Beetle:

👍👍 Interesting.

Kundan Suresh Kumar:

Threshold signature scheme helps the selected group reach consensus off-chain

as long as the threshold is satisfied

This is an innovative algorithm we developed in house

Beetle:

Wow

Are you ready for the finisher? Before the live community round?

Kundan Suresh Kumar:

Yes

Beetle:

Last one related to VRF you just explained.

1. How does @DOSNetwork use VRF?

2. What is the maximum number of random nodes selected and what is the threshold?

3. What are the benefits for the token holder to have Token @DOSNetwork in the real world and

decentralized economy? https://t.co/0LK2dBrgaM

https://twitter.com/cryptopenna2/status/1290745666080129025?s=19

Kundan Suresh Kumar:

1. as discussed earlier VRF Is for data accuracy and group selection

Beetle:

Yep.

Kundan Suresh Kumar:

2. for the maximum number of random nodes selected, the threshold

has something to with group registration and regrouping

and the group consensus via threshold signature

(this is in our whitepaper BTW)

it’s called (t, n) threshold signature

the t here is the maximum number of random nodes selected

the idea is that < t number of members cannot generate a valid group signature

the threshold signature scheme is very mathematical

this is the basic principle

Jerry@DOS (won’t PM you first):

Cool, so I could talk about the benefits for the token holder

To increase the robust of the network we will incentivize holders who run their nodes or delegate to nodes

It’s similiar to the “POS” as many blockchains do

https://medium.com/dos-network/dos-network-mainnet-staking-function-officially-launched-4bf59ec1c532

Kundan Suresh Kumar:

proof of stake is our choice

Jerry@DOS (won’t PM you first):

Here is the guide for delegating(stake) dos token to current node

We’ll publish more details about running nodes, though it needs some technical knowledge

Kundan Suresh Kumar:

kindly check our medium for more

Beetle:

Sure!

What are the staking requirements though?

Jerry@DOS (won’t PM you first):

For delegating, min is 100 dos

Kundan Suresh Kumar:

800,000 for setting up a node

800k dos

Beetle:

All Right.

Thank you for answering promptly. We’ll now move to live session.

Shall we?

Kundan Suresh Kumar:

let’s do it

Beetle:

Brace for the blast of Questions 😉

Unmuting the chat in a moment. Please do remember the rules.

(Group was unmuted for our community members to submit questions. More than 400 questions were submitted. Wow!)

Beetle:

Muted!

Great Response from Community.

Over 400 questions.

Over to you all DOS team

√groot:

This would be a tough call to select only 5 questions @DOSJerry

Dalmasca Blockchain:

How do you see India communities as your marketing target?

Tommaso@DOS (won’t DM you first):

I will answer this question

Jerry@DOS (won’t PM you first):

Yes, sure, I think all three of us will choose some questions

Tommaso@DOS (won’t DM you first):

The Subcontinent has huge potential in our opinion. The passion for crypto tech and crypto markets in India are very impressive, and we’d like to bring our oracle service there.

We would love to see our oracle service being used for social good and India is a great place to start as well. Our team is also in a great position to break into the India market.

In short, we are dedicated to building an oracle ecosystem in India

Kundan Suresh Kumar:

doing an AMA to India is a good starter IMHO

thanks all kindly for coming

Dalmasca Blockchain:

security is major element in crypto , so could you share with us how best your platform security system works againts hacking from outside and inside?

Jerry@DOS (won’t PM you first):

I’ll answer this question

√groot:

Thanks to you for giving us this warm opportunity

Jerry@DOS (won’t PM you first):

In our on-chain part there is a registration system(contract), which deals with when new node joins the network

If you remember there is a min 800k requirement to run a node

And we treat that as the “security deposit”

This makes the system resistant to sybil attacks and enhances network security.

Any instance with offtime will be penalized by forfeiting part of its deposit.

Gotsuka:

The Whitepaper explain that DOS NETWORK have 2 layers, On-chain and Off-chain, so i am wordering that why the CHAIN ADAPTOR MODULE is in the Off-chain? Considering that this is a continuously used?

Considering that you use a Staking model to select users roles, How you protect yourself againts Sybil attacks?

Jerry@DOS (won’t PM you first):

This is also a great question

The second part about the sybil attacks I have explained

For the chain adaptor module

As I mentioned before

Our on-chain part(smart contracts) is like the orchestration part

All the actual data feed oracle operations are in the off-chain part

chain adaptor means that receiving the commands from on-chain

https://github.com/DOSNetwork/core

This is our off-chain part

https://github.com/DOSNetwork/eth-contracts

This is our on-chain(Ethereum) part

VyachCrypto:

Every project has its own position in the market, how does DOS Network plan to stay competitive compared to other projects?

Tommaso@DOS (won’t DM you first):

We’ve got a compact and hard-working team of talented blockchain developers, crypto visionaries, and business development professionals. For example, as Kundan said earlier, he’s currently leading research efforts with others to innovate in the computation oracle space, which is a space with boundless opportunities (think the new cloud computing). We are reaching out to organizations and we have many strategic and technical partnerships that are being finalized.

Kundan Suresh Kumar:

yes, a breakthrough in computation oracle is a Gamechanger

i’m expanding r&d and recruiting

Nick:

By what criteria does DOS Network choose data to support with?

Jerry@DOS (won’t PM you first):

This is a good question

Oracle is like a “bridge”, there are data requestors and data providers at the same time

Data requestors, are commonly the protocols/application that requires data

MakerDao wants to know what’s the price of ETH in the market now, for example

At the same time, data providers, are commonly data from CMC, Coingecko, Binance, Coinbase, for example

Jhonathan:

DOS Network has recently partnered with METER! How does Meter influence the DOS NETWORK ecosystem and what benefits do its users obtain with this association? Are there plans to develop more projects together? Thank you!

Kundan Suresh Kumar:

Meter is a great innovative Project and Im very happy we reached partnership with them. this partnership is both Strategic and Technical, we will integrate together and discuss new innovations together

Jerry@DOS (won’t PM you first):

DOS Network is a permissionless protocol which means that any data requestors can ask for any data(through HTTP request)

I can give you an example from our docs, https://dosnetwork.github.io/docs/#/contents/blockchains/ethereum

You could replace the the eth price of coinbase with many other data sources as well

Kundan Suresh Kumar:

meter benefits from data oracle because price data fetching is cheaper now for them. DOS get a strong business partner with strong tech and can help us greatly

Tommaso@DOS (won’t DM you first):

To add to this, we are expanding our outreach effort and talking to more project partners. Our vision is to become the go-to oracle service for everyone, not just in DeFi.

Users will benefit from community collaborations because we firmly believe that open-source development is the way to go

Kundan Suresh Kumar:

of course

√groot:

I would like to extend a very hearty vote of thanks to the talented and knowledgable guests who co hosted with us for this AMA and took out valuable time of busy schedule . I must mention our deep sense of appreciation for Jerry person, for his work.

Also, I would like to extend a special thanks to Mr. Jerry and Mr. Kundan for enlightning us with the DOS network

I especially liked Mr. Tommaso the way he explained the DOS network is exemplary.

we also wish to express my gratitude to our crypto bharat group members for providing encouragement and support.

I am very grateful to DOS network for giving us an opportunity to organise this AMA for Indian users.

I heartly congratulate to the Winners and all the participants for their active participation in this event.

Thank you guy`s for making this event successful with your contribution

Group is open for chat

Kundan Suresh Kumar:

thanks everyone kindly

√groot:

Thankyou everyone for being here tonight

Jerry@DOS (won’t PM you first):

Sure, if anyone is interested in DOS, welcome to our group https://t.me/dosnetwork_en

Tommaso@DOS (won’t DM you first):

Thank you everyone for a great and thought-provoking AMA session!

Kundan Suresh Kumar:

very nice to connect with Everyone

Tommaso@DOS (won’t DM you first):

Thank you! Thanks for supporting DOS Network

Kundan Suresh Kumar:

follow https://twitter.com/DOSNetwork

we have giveaways

√groot:

In the free time make sure to join @dosnetwork_en to be eligible for rewads.

Also Follow https://twitter.com/DOSNetwork

Tommaso@DOS (won’t DM you first):

If you guys are interested in trading for $DOS, it’s on bkex.com, Uniswap, and BitMax

DOS Network AMA Recap (5th August, 2020)

Written by Kalpesh