Network centralization is an attempt to improve efficiency by taking advantage of potential economies of scale. Decentralization is an attempt to improve speed and flexibility by reorganizing networks to increase local control and execution of a service. Neither is always better, and neither is always possible in the purest sense. Centralization is an attempt to improve efficiency by taking advantage of potential economies of scale: improving the average; it may also improve reliability by minimizing opportunities for error. Decentralization is an attempt to improve speed and flexibility by reorganizing to increase local control and execution of a service: improving the best case.
Decentralization means breaking away from the prevailing hegemony, revolting against the frustrating bureaucratic ways of old. Traditionally, it means someone has become so frustrated with a centralized service that “do it yourself” has the potential of being better. In the modern environment decentralization is often a deliberate response to the faster pace of business and to customer expectations of increased autonomy.
Decentralized networks are more likely to be open development platforms. This means that anyone can build amazing tools, products, and services on top of decentralized networks. Contrast this with centralized technology which is more often closed off with intentionally limited development opportunities. Open and decentralized doesn’t mean that companies can’t make money. In fact, it means the opposite, as the more great products and tools that are built, the larger the network effects are locking users into the network, and therefore the more opportunities to build great businesses on top. The world wide web itself is a great example of an open network, in which many great businesses such as Amazon, found opportunities to grow enormously due to the network effects of all the great things being built on top of the network.
VANTA aims to be the World’s first decentralized network that enables fast and low cost development and operation of scalable services that provide infinite connectivity.
In VANTA, participating nodes will compete to contribute to connect, transmit and process data in real-time on the network, which will provide a low-cost and highly available intelligent network. By combining this competitive system with verifiable randomness, VANTA will feature a consensus algorithm that will increase scalability and efficiency. VANTA will aim to provide solutions to our everyday problems. It will be optimized for real-time data transmissions to provide infinite connectivity among all people, devices and information, creating a variety of new opportunities for businesses.
VANTA is a blockchain project dedicated to connecting with real businesses to grow our ecosystem.
Real-time collaboration services, delivery/shopping/car sharing/reservation related platform services that require communication between users, customer service within shopping or reservation services, and social dating services.
Live video streaming services will include online courses, user-generated video content, sports & game broadcasts and more while VOD streaming services include movies, entertainment, and music.
Online game interaction data will be transmitted through VANTA, which will provide real-time data processing, a necessity for game developers. Tradable items with monetary value will be tracked by VANTA’s blockchain.
Internet of Things
Some IoT sensors and hubs require thousands to tens of thousands of data per second. These IoT sensors and hubs can use VANTA to process traffic data, factory operation data, personalized medical and welfare data, connected car data, smart home data etc.
Installing the VANTA core client on your own computer or mobile device or installing applications developed on the VANTA API will allow you to participate. Participants in the network compete with each other in order to receive the data transmission / storage / processing task requested by the network in real time, and perform key tasks such as peer finding & connection (to communicate in a P2P manner), data relaying, caching, processing and verification.
All nodes in the network are evaluated against each other for computing power (cpu), memory, network bandwidth, connection durability, and network contribution. Connection durability refers to how long a node is constantly connected to the network, and the network contribution is the amount of contributions to how many jobs in the network have been processed by a node so far.
Data transmitted over a P2P network may be vulnerable. In order to build a more robust and reliable network from a security perspective, a handshake data for P2P connection is encrypted with the public / private key of the recipient, and as a Transport Layer Protocol for P2P data transmission, the security enhanced Datagram Transport Layer Security (DTLS) Is used. In addition, as a protocol for data / media transmission, a Stream Control Transmission Protocol (SCTP) and a Secure Real-time Transport Protocol (SRTP) protocol for a media stream are used as default. In addition, it uses the Privacy Enhanced RTP Conferencing (PERC) method, which is a double SRTP encryption that enables E2E media data encryption in providing video conferencing functions.
Users of decentralized networks own and control how their information is used and shared. Encrypted data accessed through personal private keys keeps information secure and anonymous until the user decides if and who to release it to.
Large corporate middle men get cut out. Smart contracts entered directly between user chosen advertisers makes user information available to specific retailers. This saves money for both retailers and consumers by reducing irrelevant, costly, ads. In this way, users can be compensated for using the platform by sharing their information with advertisers. Decentralized search engines increase privacy when searching for products and information online. User data is distributed across a network through end-to-end encryption technologies and personal user keys. This ensures that only authorized users can read and write the data. The network algorithmically controls who may access user data rather than giving full access to omnipotent network owners who use that data to profile users and target ads. Decentralization allows users to become in control of what information they share rather than relying on centralized omnipotent search engines to make that decision. In return, users receive targeted offers that they are specifically interested in.
For more information please visit :
Website : https://vanta.network/
ANN Thread : https://bitcointalk.org/index.php?topic=5095100
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