AOS Public Chain will be Created as the “Private EOS”

0

Recently, founder of Ethereum, Vitalik Buterin, said in an interview that Ethereum public chain version 2.0 would be started in the summer of 2020. By then, the much-anticipated POS consensus mechanism would be displayed on ETH chain. At the same time, Vitalik Buterin mentioned ZK-Rollup in the interview, the application of which made it possible for Ethereum to realize privacy protection.

Debate on privacy anonymity in the blockchain industry has never stopped, and it became more competitive especially in 2019, when several exchanges took down a batch of anonymous currencies. Supporters held that privacy anonymity was in line with the original intention of decentralization in blockchain, while opponents claimed that anonymity, to some extent, was against transparency and regulatory views, which would be easily taken advantage of by criminals.

As the originator of smart contract race, Ethereum version 2.0 is added with privacy function, which greatly supports the market demand and development trend of privacy function.

In retrospect of the development process of anonymity in blockchain industry, the old generation of anonymous currencies, represented by Dash and Monero, were highly sought after in the market, and remained popular even taken down by some exchanges.

The security and privacy of the old generation of anonymous currencies is excellent. However, with the iteration in technology and the continuous growth of the industry, properties of these anonymous currencies seem to be too unitary.

At present, as the industry is in urgent need of a public chain combining smart scalability and anonymity privacy, AOS comes into being.

Registered in the UK, AOS, or Anonymous Operating System, is the first privacy blockchain network in the world to support privacy assets issuance, smart contract and zero knowledge programming all at once.

Currencies of the old generation offering anonymous payment such as Monero and Dash adopt UTXO model and don’t support smart contract. The old generation of smart contract public chain, EOS and ETH (forget the privacy version 2.0 of ETH), though supporting smart contract, fail to realize privacy protection.

AOS, on the other hand, adopts Account model to conduct account management and combines homomorphic encryption and zero knowledge proof quite nicely, which not only realizes smart contract and high performance, but also supports privacy function. Realizing smart contract privacy a year ahead of ETH and privacy property superior to EOS, it is thus called “Private EOS”.

“Private EOS” is not unworthy of the title.

In terms of performance, TPS of AOS reaches a high of 10000 owing to the fact that AOS adopts DPOS+PBFT consensus mechanism, which accelerates confirmation speed on the premise of ensuring stable block generation, ensures the security of main net and greatly enhances the operating speed of main net, providing a solid underlying support to the development on blockchain and large-scale business use.

AOS is also the first blockchain network to support zero knowledge proof programming. Zero knowledge proof, instead of being called a technology, changes the intuitive understanding of many. Traditional methods of proof are basically direct proof of information flow, such as showing driver’s license, ID card or student’s card. Such proof is direct and efficient. However, personal privacy information is disclosed at the same time. Nevertheless, zero knowledge proof can provide such a scenario where you show the proof and the other party gets the results without obtaining more information. In other words, in the proof you show, except for the proof of right or wrong of a proposition, no other information is covered. These methods of proof are applied in the smart contract of AOS. When developers want to issue digital assets on AOS or develop DAPP, they can directly do it following the method of zero knowledge proof. Such form is the first of its kind globally in the industry.

Based on the properties of high performance and privacy-supporting of AOS, implementation scenarios enjoy a bright future.

Company option is a good application scenario.

Many start-up companies would motive their employees with options, but as with the salaries of employees, the options held by each employee are confidential. Traditional companies will manage the issuance of options in the way of centralized bookkeeping. Options are often not allowed to be traded, and in many cases, employees do not receive the final realizable options when they leave midway or organizers change their mind.

The DAO or DAC management mode is a novel company and team management method brought about by the idea of decentralization in blockchain. However, mass transformation of these modes takes a long time, and we are unable to ignore the enormous abundance of the traditional corporate structure.

AOS will provide these traditional companies with technical solutions. Companies may adopt AOS’s anonymous option scheme, issue company options to employees on AOS, and use AOS anonymous technology to protect users’ privacy. If employees are optimistic about the development of the company, they can hold options until the next round of financing or the company is listed, or they can choose to sell them at an appropriate price, or even hold onto them after they have left the company.

In this way, not only the issue of company privacy management is solved, but also employees are guaranteed corresponding rights and interest in a fair and smooth way. What a win-win situation.

In a nutshell, the combination of blockchain and privacy technology is no doubt the trend. The dark horse on this new race is supposed to be not only better, but also faster. AOS network, born in 2019, happens to meet the requirement.

LEAVE A REPLY