Craig MacGregor and Alex Vazquez prepare the new blockchain Valence, which aims to simplify the Blockchain and smart contracts, allowing developers to easily integrate blockchain and smart contracts into their mobile, web and desktop applications, publicly launching their White Paper on 24 April 2018.
For this, it has the strength of the NavCoin cryptocurrency, which will be the main currency and the liquidation layer for Valence.
The network is secured by proof of stake including cold staking, and a masternode architecture (Valenodes).
Network transactions are encrypted & private.
The blockchain interfacing layer is language agnostic (developers can build blockchain apps in any programming language they want, no need to learn Solidity, etc)
For simple blockchain apps (the whitepaper gives the example of voting apps and content submissions) the Valence client will include built in support for the scripted creation of dynamic graphical user interfaces. This effectively turns the Valence client into a type of blockchain browser / app store (my words not the whitepaper’s). Apps do not have to use this feature.
A range of implementation options will be available, from thin clients, to selective-blockchains (basically a type of thin client that can also selectively read from relevant portions of the blockchain without requiring downloading the entire blockchain), to full node. The selective-blockchains concept seems completely novel in the blockchain space and relies on a special data schema enabling the isolation of data for a particular app from the broader blockchain. If implemented it should permit unrivaled speed and scalability as compared to other blockchains
Private hosted applications are supported, enabling enhanced private/anonymous applications
The whitepaper explicitly clarifies that the Valence network will be storage & bandwidth limited vs. compute limited. Given the blockchain is storing & transmitting application data, this makes sense. Valence team’s position is storage and bandwidth are more scalable than compute.
Valence will be blockchain neutral and support interaction with other blockchains (cross chain conditional payments and atomic swaps). The whitepaper says Valence’s integration with NavCoin will serve as the primary example of cross chain conditional payments based on Valence application data.
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