VANTA is a decentralized and permissionless network that ensures real-time, secure and private connectivity. By using blockchain and crypto-economics designed for real-time networking, VANTA creates a system in which nodes participating in the network contribute to real-time data transmission and processing without relying on traditional centralized systems and networks. This system results in a low cost, functional blockchain-based network where anyone, regardless of existing platforms, can participate and use the network by using an API, an SDK, or modules to integrate with existing applications or platforms in use. In simpler terms, creative services will be provided and integrated within the VANTA ecosystem, and VANTA blockchain will greatly contribute to improving the daily lives of individuals and operations of enterprise businesses.
I honestly think reading the Well written white paper is the best way to learn about the technology that will be used in Vanta Network. Its clear and goes into a lot of details but I will include some notable ones in here.
The ARKAS PROTOCOL
The ARKAS Protocol establishes a new decentralized network infrastructure that connects devices and people across time and space. ARKAS, the next generation real-time networking protocol, establishes real-time, encrypted, and private data and media channels including text, audio, video, and streaming. The protocol enables real-time data transmission, processing, and storage functions by selecting peers, collaborating, and evaluating each other.
KANUS Chain
The KANUS Chain adopts Proof of Networking (PoN), which consists of self-evolving intelligent nodes along with Verifiable Random Function (VRF) and enhanced Byzantine Fault Tolerance (BFT) to ensure scalability, efficiency, and reliability of the decentralized infrastructure.
PoN-VRBFT (Consensus Algorithm)
VANTA has created an algorithm called Proof of Networking that allows each node to contribute to real-time data transmission, processing, and storage in the network competitively. The workload of each node is verified by verifier nodes selected through VRF and recorded using VANTA’s unique workload unit called Net and Net price to prove the amount of workload and the actual value of it. This was combined with Byzantine Fault Tolerance (BFT) and Verifiable Random Functions (VRF) to design a unique consensus algorithm called PoN-VRBFT. The KANUS Chain selects few nodes based on the trusted random function referred to as Verifiable Random Function and participate in 1) block proposal 2) verification 3) confirmation.STAKING
Tokens are staked in Vanta for :
The VANTA team comprises of engineers and executives from global
corporations such as Oracle, HP, AWS, Samsung, and Microsoft. The
VANTA Network is developed by PhDs and developers from top universities
in South Korea with educational backgrounds from UC Berkeley,
Carnegie Mellon, and Georgia Tech.
Joonhyuk Seo - CEO of Vanta. Has over 12 years of experience in IT & Telecommunication industry from ORACLE (JAPAC) and HP. He is also a founder and CEO of Voiceloco, the parent company of VANTA.
Andrian Park - Technical Lead at VANTA Network. Founder of Gamedetect communications, a search engine designed for games in 1999. He worked as a data scientist for 2 years at SK Planet, Korea’s first multi-screen premium video service.
Martin Jung - Technical Analyst and Senior Technical Consultant at Oracle for more than 6 years. Experience in product management working as a Senior Technical Product Manager at Amazon Web Services
Inwhee Joe - Professor at Department of Computer Science in Hanyang University, SEOUL. Ph.D. Electrical and Computer Engineering at Georgia Tech.
More details about Vanta core developers can be found here
YoonSeok Choi - Vice President of Microsoft Korea, Senior Director at Oracle
ChangNam Choi - Regional Head at Oracle Apac Cloud Platform
Henry Chung - Managing Director, Draper Athena Fund
More details on Vanta Advisors
https://medium.com/vantanetwork/vanta-network-advisory-board-de7e8f936346
Advisors seem to be really experienced and capable of developing the network. Something to note; none of the four advisors have Vanta Network in their LinkedIn profiles. Not necessarily a bad thing but worth pointing out.
The VANTA team has established strategic partnerships with the following:
MICROSOFT KOREA - VANTA will provide a cloud communication suite integrated VANTA API with MS "Teams" (formerly "Skype for Business") to enable inbound/outbound calling features and target SMB customers with AudioCodes & Softbank Commerce (retailer).
ORACLE - VANTA is working directly with Oracle ISV/OEM business unit as an ISV (Independent Software Vendor) to expand our reach to not only consumers but also to enterprise customers. VANTA will be promoting and selling innovative VANTA services to a variety of customers around the world by joining the Oracle Partner Network. VANTA Services – UcaaS (ciao, scheduled) and voice and video APIs will be available in Oracle Cloud Marketplace.
Hanyang University - HANYANG Univ. MNI(Mobile & Network Intelligence) Lab will contribute for VANTA as the main research lab. For efficiency and enhancement of VANTA’s Intelligent Network, MNI lab is developing & validating PoC (Proof of Concept) models of consensus algorithms and data routing algorithms.
MakerDAO -VANTA Will be Accepting Dai Stablecoin for Qualified Investors in Presale, and is looking forward to exploring MakerDAO’s upcoming Multi-Collateral Dai to allow VANTA token to be held as collateral for Dai.
Voiceloco - The VANTA Network project is backed by Voiceloco, a Korea-based telecommunication startup that is specialized in software-based IMS and client m-VoIP engines(iOS/Android/web), in use by some of South Korea’s largest conglomerates, including Naver, the #1 search engine of South Korea, Lotte, and SK Networks.
Sejong Telecom - Sejong Telecom Co., Ltd., is a key telecommunication carrier with a nationwide optical communication network. Sejong Telecom and Voiceloco run UCaaS Smart Service now. They are planning a new blockchain business with VANTA.
Rocket Fuel - RocketFuel consists of top minds from cutting-edge companies such as Snapchat, Uber, Airbnb, Accenture, McKinsey and more. Some of their blockchain investments include Oasis Labs, Chromapolis, Aergo, AllBit, ICON, VeChain, Chainlink to name a few.
Above is the Vanta Network Roadmap which shows the goals they aim to achieve in other to fully develop and launch the network. Something to note is that token sale starts in January and will most likely end the same month or in February. Assuming exchange listing is quick and mainnet is expected in Q3 2019, that will leave roughly 6-8 months where the token will have no use or purpose other than sitting in a wallet.
35% of tokens being sold in exchange for $15m is on the high side in my honest opinion. Would have loved to see either a lower hard cap or a larger percentage of tokens being sold to initial investors.
Vesting
Team - 6.25% every 2 months for Total 32 months, first release 2 months after being listed on a centralized exchange
Advisors—25% every 3 months for Total 12 months - first release on 3 months after listed on a centralized exchange
Business Dev. - Release 10% every month after two months being listed on the exchange
R&D - The first release is 5 months after the exchange listing and 10% monthly as well
Reserve - No lockup for Reserves which will be used for liquidity services and exchange listing
Website: https://vanta.network
ICO: https://www.cashierest.com
Twitter: https://twitter.com/vantanetwork
Telegram: https://t.me/vantanetwork
Bitcointalk: https://bitcointalk.org/index.php?topic=5095100
Bounty: https://bitcointalk.org/index.php?topic=5097980.0
Facebook: https://www.facebook.com/vantanetwork/
Author : Bitcoin demon
https://bitcointalk.org/index.php?action=profile;u=2078332
Myeth :
0xdb2BC9aFe9d38Ea587302F09ED440C09cC6b27D3
