A verification protocol using the new paradigm of “execute off-chain, verify on-chain
Introduction
Fusotao is a set of network protocols that are composed of either a rule of data consistency or some certain constraints of data modification including not only a transfer constraint but also a matching verification rule. The matching verification sub-protocol, a.k.a Proof of Matching, is the main difference from other blockchains. Before start introducing Fusotao Protocol, let’s take a look at the matching system and consider why a matcher’s outputs should be verified. A matching system is a trading platform that allows users to price orders. The core component of a matching system is a data structure named order book which stores all orders that are according to the price and time, and a placed order must follow the sequence to trade if the price meets, while the owner of an order would be ignored. Usually, in order to trade on a matching system, users may hand over their account ownership so that the matcher can mutate the accounts, in another word, trading on matches should reply on human trust. The Fusotao protocol is a verification protocol for order book-based matching systems using the paradigm of “execute off-chain, verify on-chain”. Fusotao network is an Octopus Network-based application chain to hold users’ assets and verify the matching transactions from off-chain exchange services. Founders can build their own DEXs by using the Fusotao app chain as an on-chain verifier and deploying their own off-chain matching server. Communities can earn rewards by trading on the DEXs or directly staking tokens for the DEXs backed by Fusotao Protocol to share transaction fees from them.
Three important of Fusotao
👉Trading rewards: Proof-of-Trading (PoT)
👉Validator Rewards: Proof-of-Validator (PoV)
👉validator can verify it using a matching: Proof of Matching(POM)
Fusotao’s role in Web 3.0 actualization
To clarify, both Web 3.0 and blockchain aspire for transparency and openness. However, this is not the end of the parallel possibilities. Blockchain’s purpose is to maintain insights arranged as blocks, with cryptographic hashes entrusted to keep them unalterable and very secure. As long as cryptographic keys are in existence, everyone will have access to resources, apps, agreements, and content if Web 3.0 becomes a reality. Blockchains like Fusotao have played a very vital part in solving some of the major hindrances in the actualization of web 3.0 Web 3.0 is a potential future internet version built on public blockchains, a record-keeping system best known for enabling cryptocurrency transactions. The appeal of Web 3.0 is that it is decentralized, which means that instead of customers accessing the internet through services mediated by firms such as Google, Apple, or Facebook, individuals control and administer areas of the internet What is the way to solve some of the major hindrances in the actualization of web 3.0 by TAO?Web 3.0, the impending third-generation (DLT), etc. Tim Berners-Lee, the creator of the World Wide Web, first referred to Web 3.0 as the Semantic Web. Its goal was to create a more independent, intelligent, and open internet. The future Web3 goes far beyond the use of cryptocurrencies. It will provide a more personalized browsing experience, a smarter human-like assistant, and other decentralized benefits that will help to establish an impartial web. Web 3.0 will use machine learning algorithms to cryptographically connect data from machines, individuals, and corporations, resulting in new business models and markets.
List of Ido Conduct:
👉Boca Chica (11/7/22)
👉WannaSwap(12/7/22)
👉Pad.FI(15/7/22)
👉LunaPad(22/7/22)
👉PoolZ(25/7/22)
👉SmartPad(28/7/22)
👉Skyward(01/8/22)
Important Information
Vesting Schedule : 100% unlock on August 8th
Listing Date: August 10th.
CEXs: Huobi Global, MEXC
DEXs: Ref.finance, FXDX
Circulating Supply: The circulating supply of TAO after Mainnet: 10.5% of the total supplement, 10,500,000.
Check This below Further More about this project
Website: https://www.fusotao.org/#/
Twitter: https://twitter.com/FusotaoProtocol
Telegram: https://t.me/fusotao
Medium: https://medium.com/fusotao-protocol
Discord: https://discord.com/invite/WDwB4X8Kdz
GitHub: https://github.com/uinb
Author
Bitcointalk: durgaprakash
POA: https://bitcointalk.org/index.php?topic=5405105.msg60506837#msg60506837
address: 0xF942DD20532bBd08B483A8bdD5395E5F7c8E0B5C
