About Kappi Network
Creating success through the use of decentralized file-sharing in an open-source ecosystem to run a public cryptocurrency has allowed more people to understand how such infrastructure can improve basic social economics. Bitcoin, and Zero cash are two examples of specialized blockchain applications, and the best example of a smart contract platform would still be Ethereum, which allows for many applications of the Ethereum Virtual Machine (EVM). There have been drawbacks to the different blockchains that have been created thus far, such as the lack of energy efficiency, lack of any type of well thought out governance mechanisms and limited or poorly performing blockchains. Scalability was not thought of when Bitcoin was incepted, and now there are proposals to create scalability throughout Bitcoin’s transaction process.
These include Bitcoin and Segregated-Witness, which are both vertical scaling models which are still bound by a lack of capacity within any single machine. This approach is necessary for pre-existing blockchains that didn’t consider their scalability due to the requirement to maintain a complete auditability. There is also the Lighting Network, which could be used instead of alternative options to bring scalability to Bitcoin transaction volume. This would be accomplished in the Lightning Network by reducing the number of transactions that are on the ledger. This approach is suitable for privacypreserving payment rails and for micropayments but might not suit more generalized scaling requirements.
Multiple blockchains running in parallel could use this solution advantageously, allowing for interoperation and still keeping all security properties of the blockchain. Proof-of-work approaches make this all but impossible. For merged mining, work is allowed to be done for the securing of a parent chain to be used again on a child chain but does not take away the need for each individual transaction to be validated by each node in order. Merged mined blockchains are also open to attack from a hashtag power majority on the parent chain, where there is no active merging of the child chain. This is where KAPPI comes in. KAPPI is a unique blockchain which has network architecture that addresses each of the above problems.
KAPPI works as a network of several different independent blockchains, which are called spaces. Each of these spaces are powered through a KAPPI DWARF, ensuring that there are a consistent, high-performing and secure PBFT similar consensus engine wherein the accountability is guaranteed through forks. The KAPPI algorithm is scalable and can be used for proof of stake, public blockchains. Within the fist space on KAPPI is the KAPPI DWARF. The KAPPI is a cryptocurrency that operates a multi-asset proof of stake and has a simple governance system that allows for upgrades and is generally adaptable. The KAPPI DWARF can connect to other spaces allowing it to be extended.
The spaces and the DWARF of the KAPPI network communicate between themselves through an inter-blockchain protocol, which is like a virtual UDP for blockchains. This makes it easy to transfer tokens between zones in a fast and secure way without the requirement of exchanging liquidity between each zone. In this approach, the tokens that are transferred between zones will go through the KAPPI DWARF that keeps a running tally of all tokens within each space. The KAPPI DWARF acts like a surge protector that isolates each zone from any failure experienced in any other zone. Anyone can connect new zones to the KAPPI DWARF, the spaces are capable of being compatible with blockchain innovations in the future.