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BRIDGING THE GAP IN BLOCKCHAIN PRODUCT DEVELOPMENT

Substance needed for scaling your blockchain products

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01 THE PROBLEM

CURRENT STATE OF THE BLOCKCHAIN PRODUCTS AND HOW TO SCALE TODAY

Let’s deep dive into the reality of the products built on top of different blockchains. Main issue for most of them, Ethereum especially, is scalability of the network followed by transaction costs which are highly volatile. Plasma is one of the initiatives which should solve this for Ethereum, but also EOS, NEO, Roostock and all other blockchain networks that passes Turing completeness, or better to say idealization of how smart contracts are written.

Yep, Plasma will happen sometime in the future. Still we, as the blockchain PMs, developers and designers, are not sure how exactly it will work and behave in real-product scenarios. But, the problem is that we need a working solution now.

Plasma Diagram
PLASMA - The Basics

Permits chains within chains, allowing for exponential increase in scalability.

Proof of a child’s validity is submitted and stored on the chain below, not the entire computation.

Significant interaction with the root chain is only necessary in the event of a dispute.

02 PROPOSED SOLUTION

BLOCKCHAINS IN BLOCKCHAIN. SOUNDS COMPLICATED?

The basic idea is to avoid current bottleneck where all transactions are targeting shared ledger on the blockchain, by enabling communication on a smaller scale. Imagine different blockchains composed into a tree hierarchy working and communicating together as one.

This model is enabling faster transactions together with keeping gas fees very low. Too good to be true? Well, idea started with Lightning Network approach and focus on the reducing time needed for payments to be done by increasing transactional capacity.

Ethereum Foundation took it to the next level and started working on Plasma which should scale smart contract’s state changes too, but neither of these solutions are production ready yet. They are focusing on solving big problems for all the players out there, where we are focused with Liquid Crystal on solving the needs for your specific use case only.

03 WORKING PRODUCT

ENTER LIQUID CRYSTAL, THE INTERMEDIATE SOLUTION TO YOUR PROBLEMS

Aiming for mass adoption of the blockchain

We can already use Liquid Crystal Blockchain, or as we like to call it internally LCB - something similar that happened to displays from which most of us are reading this content right now. LCDs came before Plasma. In the same way LCB is already here while we wait for Plasma to come and be production ready.

From us you’ll get complete SaaS solution where you pay fee and get service with Proof-of-Stake or Proof-of-Authority nodes which integrates easily with your product.

That means that we are taking care of Security, Privacy, Uptime and Performance.

LC diagram
1LIQUID CRYSTAL ALREADY WORKS

It is already done deal and you can use it out of the box. The solution is a mix of various Ethereum inspired technologies, like Parity/.../Tendermint/.../Quorum. And have in mind - we will migrate our members to Plasma once it happens.

2EASY WALLET INTEGRATION

Be it server or client side - we already did it.

3REDUCING COST AND FEES

Virtually free internal transactions for each and all transactions. Only withdrawal to desired Mainchain costs.

4IT’S AS FAST YOU CAN GET IT

It’s faster than the current solutions since transactions are happening with the help of sidechain.

5IT’S GENERAL PURPOSE

You can have Solidity Contracts inside of this sidechain.

LET'S WORK TOGETHER.

Interested in what we can offer? We would love to hear more about your project. Let's schedule a 30 min free consulting slot and explore how we could work together.

THE TEAM BEHIND THE PROJECT

We are MVP Workshop. We love working on the new cutting edge technologies and look for its proper usage and purpose, but also seek for the real-world applications. Our engineers and designers have imagined, developed and grown products and businesses varying from private blockchains to the TOP 10 ICOs in 2018.

Visit mvpworkshop.co to find more about our services and what our partners and clients have to say about us.