Today I present a new project in the crypto-currency space LunarX.
Unlike most new projects, LunarX is not running an ICO. Instead, they are opting to fund the development of the project themselves and the project is already listed in one of the leading exchanges in the world - bitforex
https://www.bitforex.com
WHAT IS LUNAR X
LunarX is a middleware designed to enable distributed data service. It provides a bunch of fundamental protocols that defines infrastructural services that are necessarily supporting the future value network. With its support, DApp can have each node in the network provides services to each other no matter where they are, storing encrypted data, responding to data requests, while earning tokens at the same time. By skipping data centers, LunarX significantly reduces the cost of service.
LunarX breaks traditional paradigms of the blockchain, for example, PoW; and limitation of the blockchain, such as transactional data only for distributed storage. With a frictionless developing ecosystem that leverages Blockchain technology to deliver a fast, simplified, yet sophisticated DAPP middleware of gaming, social, streaming storage, and more.
It is pertinent to define what middleware and Dapps are.
Middleware is software that acts as a bridge between an operating system or database and applications, especially on a network.
Middleware makes it easier for software developers to implement communication and input/output, so they can focus on the specific purpose of their application. It gained popularity in the 1980s as a solution to the problem of how to link newer applications to older legacy systems, although the term had been in use since 1968.
Common middleware examples include database middleware, application server middleware, message-oriented middleware, web middleware, and transaction-processing monitors. Each program typically provides messaging services so that different applications can communicate using messaging frameworks like simple object access protocol (SOAP), web services, representational state transfer (REST), and JavaScript object notation (JSON). While all middleware performs communication functions, the type a company chooses to use will depend on what service is being used and what type of information needs to be communicated. This can include security authentication, transaction management, message queues, applications servers, web servers, and directories. Middleware can also be used for distributed processing with actions occurring in real time rather than sending data back and forth.
Dapps (Decentralized applications) on the other hand are applications that run on a P2P network of computers rather than a single computer. dApps have existed since the advent of P2P networks. They are a type of software program designed to exist on the Internet in a way that is not controlled by any single entity.
LunarX will provide similar functions and services that a data center can provide, and some particular services needed in P2P computing. These functionalities include DHT, object storage, file storage, table storage, naming, archive, replication, CDN, data retrieval and structured query.
LunarX is, designed to build a decentralized, scalable, temper-proof, anonymous and autonomous data chain infrastructure for decentralized applications (DApp) and their users.
It knits individual nodes together, serving upper layer applications with uniform data chain functionality, and every peer joining the LunarX network becomes a part of the whole data service system.
LunarX is a middleware designed to enable distributed data service. It provides a bunch of fundamental protocols that defines infrastructural services which are necessarily supporting the future value network. With its support, DApp can have each node in the network provides services to each other no matter where they are, storing encrypted data, responding to data requests, while earning tokens at the same time. By skipping data centers, LunarX significantly reduces the cost of service.
Centralized online platforms provide convenient tools for users to access information and services from anywhere
and anytime. These platforms normally manage big data Centers, driven by variant database systems, from simple
Embedded k-v modules, to structured relational DB systems, and new-SQL big data clusters. However the greater concern in long-term is privacy.
These platforms not only have all the knowledge of their users’ data but also share users’ Identities and the user’s characteristics.
Users have no way but to trust these platforms that their data and identities are safe. In addition, end users eventually pay for the high cost of these data centers.
Decentralized applications (DApp for short) on the other hand do not own users’ data, users themselves do.
Cryptographic currency and blockchain technology solved the transaction part of the data exchange. In fact, it is a data structure that chains blocks and with each block, there are predefined fields used in recording properties of transactions, preventing”Double spend” or other malicious actions on an account.
In addition, columns need to be scalable (vertical scalability) since new services may be developed in the future.
Although the total data may be thousands of Terabytes, the overhead is balanced, since every participant, including
the applications’ providers will only store and compute the the part that they have been authorized to access. The data
model is highly localized, like a huge sparse but locallydense matrix covering the world.
Centralized Internet services will be replaced sooner or later.
Lunarx has now completed the decentralized middleware and distributed computing functionality, which are the basic functions needed by almost all DApp applications. In order to store, update and track these data structures,
LunarX developed DAG model for these purposes.
Built upon several key distributed computation, cryptography and database techniques, LunarX is designed for serving such data management purpose.
LUNAR X NETWORK
The network consists of three major roles: DApp and their Users, service provider, tracker. The following scenarios
elaborate how these roles cooperate with each other in the LunarX network.
DApps and their users:
DApps run on LunarX and their users who subscribe the Services they published. Both sides are data senders, and
the receiver is no longer a private database, but the LunarX is an open network. For example, a storage business provides a
Cloud-storage application, its clients may choose to submit Files to LunarX and the business has no way to access
these files. The only thing it possibly has is the data that clients authorized it to have.
Service Providers:
Any user can join the LunarX network to be a data service provider, selling his spare disk space to other peers in
the network.
The LunarX daemon automatically accepts records from the network and insert them into a local table
shard. At regular intervals, the service provider earns Incentive tokens for his service, as long as automatic proofs
show that the data structure is still available and complete, without being altered or damaged.
LunarX employs an incentive blockchain system to mine Tokens. During the repeatedly proofing of valid data
computing, blocks will be created, and with them, a certain amount of tokens as the mining reward will be sent to the
Provider’s wallet address. Also, the blockchain manages exchanges of tokens and services.
Not only local file systems can be of service, the distributed File systems (DFS) are also good candidates for professional
users.
There are many industrial level DFS implementations, For example the Hadoop distributed file system (HDFS).
Typically, this option is for traditional data center operators.
Trackers:
Trackers validate transactions between service users and Service providers. In addition, each of them drives a bunch
Of verifiers to audit DB service providers of the retrievability of the data and availability of the services they deployed.
and trackers will be rewarded by tokens for their service as well.
The following participants will earn tokens, not only LX, but also
Mainstream cryptographic currencies:
1) The miners;
2) The auditors who audit whether there are forgery nodes;
3) DApps’ suppliers;
4) Users who create valuable services/products/contents/tools to the Internet via DApps;
In the early version of LunarX, they will only support the mainstream BTC, ETH, and our partners’ tokens. They will have periodic bulletin boards telling users how many tokens a registered service can exchange and the exchange rate between tokens. The pricing of services is determined
By the DApp/service suppliers.
The following will pay for Lunarx tokens
1. LunarX system will generate tokens for miners after proofing the validity of data services;
2.DApps’ users, who seek useful services for their own needs.
LunarX is a matrix, peer-to-peer network, and bridge. As a globally sparse and locally dense matrix, LunarX uses this structure to manage the underlying data chain, providing services going beyond storing files like existing solutions. It can store structured data and perform data computation tasks to support information retrieval, structural data analysis, stream media publishing, content delivery, CDN, and more. It also has robust data self-recovery functionality through erasure coding, therefore protecting data from out-of-service nodes or malicious hackers. As a peer-to-peer network, LunarX enables every node to provide data chain functionality to clients as a part of the whole data service system. Each node can voluntarily contribute to a useful work to earn tokens as return. As a bridge, LunarX provides a set of standardized fundamental protocols to enable DApps to interact with blockchain and the underlying hardware. LunarX provides abstractions that free DApp developers from knowing the exact implementations of data services in a peerto-peer network while maintaining transparency
LX TOKENS
The LX token as the LunarX token is called will be devoted to research and development, team expansion, community operations and marketing in the agreed ratio. In order to make the leading creator of science and technology, LunarX will gradually release reserved LX tokens to invest in fundamental scientific research, cultivate the leading science and technology, reward the blockchain developers who have made outstanding contributions, and incubate the potential scientific and technological direction.
LX is an asset issued on Omni layer platform, which is for creating and trading custom digital assets and currencies. Omni is a software layer built on top of the most popular, most audited, most secure blockchain -Bitcoin.
Omni transactions are Bitcoin transactions that enable next-generation features on the Bitcoin Blockchain.
LX DISTRIBUTION AND SUPPLY
LX issued a total of 100 million, each ETH convertible 3790 LX, no crowdfund. The token will be logged into the mainstream exchange in the short time.
Token total supply is 100 million.
Crowdfunding: NO ICO
The founders are also the funders.
Token Distribution
25%=25 million of the core team,
55%=55 million of community and miners, for rewards of contribution,
20%=20 million of early investors
LunarX is developed by Java, C / C + +, and Golang mixed programming. For DApp development, there will be remote programming interfaces. At the same time, there will be client driver SDK in different languages. It is similar to using microservices.
LunarX will choose and support credible public chains.
In real-world businesses, not all the data is transactional that has to be put into a blockchain.
At present, DApps have no place to put a large amount of users’ data, because it is impossible to put data back into data centers. Only decentralized storage can be used, but neither scalability nor flexibility is sufficient for DApp development and deployment
THE TEAM
The Lunarx team has a lot of experience and have some of the best brains in the cryptographic space.
After winning the “Outstanding Enterprise Award” from the Demo China summit, the team did not rush to publicize it but devoted themselves to explore the driving force for the blockchain technology.
The technical white paper is a standard paper. the newly defined algebraic
framework and proof in it fundamentally break down the barriers to data processing and greatly expands the ability to support various data types for DApps.
Founding team members have a rich successful experience. the founding team includes IBMers.
from IBM research lab, senior vice president of listed companies and co-founder of MIT science and technology review, founder and president of hailo ( Japan's Uber), Bitshare and ETH earlier investors etc. The team's experience is very rich, and the resources behind it are also very strong,
Some of the team members include
Ben Fei
Ben Fei is the founder of LunarX. He has years of asset management, product management experience. He has also founded an Internet company, and as CEO, won "Outstanding Enterprise Award" on Demo China Summit 2016, Beijing.
He is a former IBMer at IBM CRL, PBC (Personal Business Commitment) top 5% oncea, and top 30% twice.
His educational background includes a B.S/ Ph.D., Fundamental Math, Tongji University, and Shanghai, China.
LinkedIn:https://www.linkedin.com/in/ben-fei-813867113/
Jinlei Ben Xiong,
Co-Founder of LunarX. Successful Entrepreneur.
Jinlei was SeniorVice President of Listed Company, Product/MediaStrategy (Fractalist, code:
870104),
Co-publisher, MIT Technology Review Chinese Edition,
Co-publisher, Science Times Magazine from NY Times,
Founding Telecom Servicing Company, acquired by a listed company (code: 837272)
Sales Manager, Hewlett Packard,
Sales/Marketing, SONY VAIO,
Edu: MA, University of Sheffield, England
LinkedIn:https://www.linkedin.com/in/ben-xiong-802a496/
YanWang, co-Founder
Yann has worked in China Academy of Social Sciences.
He Joined in the early blockchain field as an angel investor, benefited from Bitshares and Ethereum successfully. Used to be the advisor to several overseas blockchain projects.
He is the Founder of SPO project, one of the skyfiber projects on the skycoin ecosystem
He has a M.S at China Academy of Social Sciences (the top research institute in China).
Ryo Umezawa, co-Founder
Ryo has been with J-Seed Ventures since 2005, participating in several partner companies where he frequently assisted in starting up the businesses, marketing, and business development. He has experience in the mobile, online marketing, advertisement and platform businesses.
He is principal officer East Ventures. East Ventures is a seed-early stage venture capital firm with offices in Singapore, Indonesia, and Tokyo. It was founded in 2010, and have invested in more than 200 companies across Asia and US, which include internet startups on commerce, social, game, SAAS, and mobile service.
He is also a director, J-Seed Ventures, Tokyo-based venture incubator. The company also manages Venture Generation, a startup community in Tokyo, and assists foreign clients to establish operations in Japan.
President & CEO, Hailo. Hailo is the evolution of the hail - a free smartphone app which puts people just two taps away from a licensed vehicle, and lets drivers get more passengers when they want them.
Education includes a BA, International Business, and Economics, Sophia University.
LinkedIn: https://www.linkedin.com/in/ryoumezawa/
Simon Hobbs
He is the CTO of this project .
VP Engineer of Skycoin, 28 years of high-level technical experience in delivering complex, high-volume IT projects on time and on budget. He leaded IT projects for Barclays Home Finance Mortgage, Swiss Bank and CedelBank.
Edu: B.S, Computer Science, University of Hertfordshire, England.
Young Jun
He has worked at Amazon (the leading cloud computing unicorn).
He has rich experience in cloud computing, big data, e-commerce platforms, and excellent at Internet architecture and leads the technical progress.
He has a M.S at Tsinghua University, Computer science, Beijing, China.
Cheng Zhang
He has over 18 years of work experience in the IT industry. From 2001 to 2007 as a senior software engineer in the software outsourcing industry in Japan. Since 2007, as the Co-Founder & CTO, he founded the largest mobile game company
In Xi’an(Capital of Shanxi Province). Since then, he has Co-Founded a number of Internet companies, focusing on the development of apps and games for mobile Platform. He has great experience in team management and project research and Development.
Yenny. Z
She has more than 10 years as editor-in-chief of traditional media and new media, Management experience and planning experience of large-scale activities, and has been involved in blockchain industry for 3 years.
Worked in many top media such as The Mirror and Beijing news. participated in the planning and reporting of major national events, and won more than 10 awards in the field of news. Have rich practical experience in new media operation, brand public relations, market expansion and community operation.
She has a B.A, from Renmin University of China, Beijing, China.
Vincent, Leader of new media operation
Project manager at the head office of a bank. Promoted the progress of several intra-bank projects. He is a geek of the blockchain, used to hold media and community operation positions in two top 70 blockchain companies, and have a deep understanding of blockchain industry.
He has a M.S, machine learning, and Chinese Academy of sciences.
EVAN LIN
BBS and Kitty Cash developer
Evan Lin is Skycoin’s main developer for Skycoin BBS. Lin left university to pursue a career in software development. His personal projects include; cross-platform applications written using the Qt framework with QML/ C++; APIs in Golang and Node.JS hosted on cloud services such as AWS and GCS; creation of a ROS package for maintaining linear movement via rotary encoders for dual-wheeled robots. Lin is passionate about open- source technology, cryptocurrency, decentralized applications, and Linux.
ROADMAP AND VISION
The project has got a clear and very ambitious roadmap, setting out to disrupt the more traditional enterprise datacenter offerings where resilient storage is expensive and restrictive.
The roadmap is shown below.
In addition, the project has gone into some strategic partnership the biggest being their one they just signed with the skycoin project and in the process made Synth the project leader and founder of skycoin as an advisor.
LunarX has committed to integrating into the Skycoin Fiber ecosystem and will play a key role in the future scaling of the Skycoin platform.
On their partnership, Yann Wang, Co-Founder, stated “LunarX will scale the Skycoin ecosystem. I believe it is a very important part of the new Internet and will disrupt the data centers stronghold.
LunarX has also enlisted the help of developers from SPO, another Skycoin Fiber ecosystem project. The two groups will merge their development teams in a new partnership that will “build the strength, knowledge, and skills required to deliver our goals” says Yann. He adds, “We will continue to develop and live up to the expectations of the community.”
The implication of these once things are settled with the lunar X project, development will commence again on the Spaco project (SPO).
In line with the ambitions and the roadmap of this project, the LunarX team is developing and putting finishing touches to their “miner”.
The miner will basically be a cloud storage miner with a lot of functionalities.
In lunarX, miners no longer simply provide brutal hash computing as what they are doing in bitcoin, but provide useful data calculation, such as storage, structural analysis, mapping, point query, range query, etc. in our context, service providers are the miners. Any user can join the LunarX network to be a data service provider, selling his spare computing resource to other peers in the network. The LunarX daemon automatically accepts records from the network and insert them into local table shard. At regular intervals, the service provider earns incentive tokens for his service, as long as automatic proofs show that the data structure is still available and complete, without being altered or damaged. LunarX employs an blockchain incentive system to mine tokens. During the repeatedly proofing of valid data computing, blocks will be created, and with them a certain amount of tokens as the mining reward will be sent to the provider’s wallet address.
The primary version will be DIY, while assembling the advanced version may be difficult because some complex computing tasks needed to be run it.
The miner will earn BTC in addition to LX because the dapp running above will charge BTC as a service charge.
The Project has contacted almost 10 famous investment agencies, to help assist self-funding the project.
Lunarx will be doing road shows, investor education and following exchanges up as more listings are planned.
BENEFITS OF LUNARX
LunarX helps DApp to avoid data centers and its associated expense. A fraction of the saved expenses would be paid to other individuals in the network for their service.
2)Reduce the cost of developing DApps Because there is no data management standard, many DApps still manage their data centrally as only a part of transaction data are put into the blockchain. Developers urgently need a universal middleware system that allows them to customize data schema and structures, freely assemble various basic services, vertically scalable, and meet the requirements of storage, query, and retrieval. LunarX provides all these functionalities and it would make the development and deployment of DApp a lot easier and quicker.
3)Ensure data security and privacy LunarX protects users’ data via cryptography schemes, so the data would be safe from unintentional deletion or other more malicious intent. At present, technology communities have already developed many distributed online storage solutions, such as IPFS, Storj, etc. With LunarX, it will be much easier to build a distributed storage system.
You can follow the project at
Official Site: https://LunarX.co
Telegram : https://t.me/LunarXOfficial
Twitter: https://twitter.com/LunarXONE
Github: https://github.com/LunarX-ONE/White-Paper
Technical White Paper: https://github.com/LunarX-ONE/White-Paper/blob/master/LunarX_PART_I_World_Wide_Table_for_Data_Driven_DApps.pdf
Team Introduction: https://github.com/LunarX-ONE/White-Paper/blob/master/LunarX_PART_III--Team.pdf
Buy LunarX @ https://www.bitforex.com/registered?inviterId=1850030
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