*DISCLAIMER: ALL of the information is our subjective opinion and only for informational purposes. The information ICOgens provides is not investment advice (read more)

[ICO REVIEW] JURA NETWORK: An ultrafast, self-regulated decentralized network for the public

christina - 09/07/2018 - 6496 view
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Jura Network’s team is developing blockchain technologies which solve problems of current blockchain applications. The network consists of Fusus Data Structure, Proof of Utility – Consensus mechanism, Proof of Verifiable Random Time (PoVRT) – anti-spamming model, sharding technique and AI filter – a security layer.

 

  1. Technological ideas

Jura Network’s team is developing blockchain technologies which solve problems of current blockchain applications. The network consists of Fusus Data Structure, Proof of Utility – Consensus mechanism, Proof of Verifiable Random Time (PoVRT) – anti-spamming model, sharding technique, and AI filter – a security layer.

Fusus Data structure is a combination of block-lattice, blockchain, and DAG. When the traffic volume is low, the network will operate in the structure of blockchain as usual. However, when the traffic is high, the network will form a DAG-lattice structure.

In the traditional blockchain technology, a transaction is considered one single action only. Meanwhile, JURA network separates sending and receiving transactions.

In the Fusus structure, transactions histories of accounts will form the lattice. With the block lattice, each account has its own Fusus chain. To send the balance to other accounts, the sender needs to create a sending block. The sending block reduces the balance of the sender and adds the account number of the receiver. The receiver also creates a receiving block. If there is no conflict between data of the sending block and the receiving block, the balance will be sent to the receiver’s account. 

Regarding DAG, a sending transaction will play a role in validating all receiving transactions that have not been confirmed by the previous sending transaction.

Another noticeable feature of Fusus Data structure is that a snapshot of the earlier part of history will be used to calculate the balance for an account and this part of history will be removed. In this way, the system does not need to search through the entire history for the account’s balance calculation.

Moreover, Jura network also applies PoVRT as an anti-spamming function. The system will impose a random waiting time for the account to implement the next transaction. The waiting time can trouble malicious users when they intend to carry out zero-value spam attacks. Also, to increase the security of the network, AI is applied for transaction filtering and malicious node detection.

Jura P2P network’s consensus protocol is Proof of Utility which is an improvement of Proof of Stake. The users also need to have a certain amount of stake to join the consensus mechanism. However, the voting power or the utility function (U) will be defined as follow: U = S*T. In which S is the number of stakes users own and T is how long the stakes are held by a user, how often the users buy coins and how often they exchange coins with others in the network.

The last outstanding feature is sharding technique. The Fusus will be divided into Fusus shards and those shards will work in parallel.

  • It can be realized that Jura team is providing a set of solutions for scalability, security, speed and high transaction fee. They do not simply apply the technology which has been used in other successful projects but they analyze the technology’s problem and add other technologies to deal with the problems. For example, it is likely that penny-spend attacks will happen in block lattice so they use PoVRT to prevent spamming. Technology is the only information released on their website, which shows their focus on technology. It seems that they have spent much time researching technical issues to combine advanced techniques and technologies namely block-lattice, DAG, PoU, sharding, PoVRT and AI.

It is really promising to see how those technologies will be applied into Jura Network. With the combination of those advanced technologies, Jura Network must be highly competitive with current and upcoming ICO projects.

 

  1. Team

Jura Network’s found team has 8 members with academic backgrounds in computer science, applied and pure mathematics, engineering, and statistics. They followed formal training in prestigious universities such as MIT, Princeton, Harvard, Peking, LSE, and Columbia. They also have experience working in tech companies such as Google, Yahoo, and MicroStrategy. A few of them also joined some venture capitals.

  • Donglin Wu Dafflon (Co-founder and Executive)

Education:

Visiting student at Harvard University; Major: Mathematics

General Course at The London School of Economics and Political Science (LSE); Major: Management and Economics

Experience:

Associate and Vice President of Galileo Global Securities LLC, a financial service company

Founding Partner of Dimension Strategies, cryptocurrency focused quantitative investment hedge fund

Founder and CEO of INVITE&QuanziCRM, a social network

  • Alex Dang (Co-founder)

Education

Bachelor of Science and Master of Science at the Johns Hopkins University

Doctor of Philosophy – Ph.D., Bioengineering and Biomedical Engineering

  • Jonathan Hsu (Co-founder)

Education

Ph.D. in Computer Science at Massachusetts Institute of Technology

Experience

Research Assistant at Massachusetts Institute of Technology

  

  • Iris Yang (Co-founder, COO):

Education

Bachelor of Science of Applied Mathematics at Columbia University in the City of New York

Experience

She is a member of a digital team at Vogue, a fashion magazine

Investment researcher at Fortune Ventures, a venture capital in China

  • Cameron Wang (Chief Cryptographer and Systems Architect)

Education

Ph.D. in Mathematics at Princeton University

Experience

Teaching Assistant at Princeton University  

  • Xiang Ma

Education

MS in Computer Science, Columbia University in the City of New York

Experience

Research Developer at Tsinghua University, China (C++, Computer Vision and Game Development)

Research Assistant at Columbia University (Python, Machine Learning, Data Visualization)

Software Engineer at MicroStrategy, a famous computer software company

Software Engineer at Yahoo and Google

Co-founder at Metaphysics of Fun Foundation, a nonprofit organization dedicated to building paradigm-shifting Distributed Ledger Technologies

Information about the team is limited but the team is not really impressive in comparison to some other All-Star teams of Hot ICO recently like Thunder Token or Covalent. However, they have academic training in business (Alex Dang and Donglin Wu Dafflon) and technology (Cameron Wang and Jonathan Hsu) that are needed for them to lead the project.  

  1. Token metrics

Hardcap: USD 20 million

       Until now there are no official announcements about the token sale

Hardcap 20 million USD can be quickly achieved if the project is potential. Currently, the private sale is ongoing and allocated for strategic partners. The team is really selective about choosing partners.

  1. Roadmap

The roadmap is not released on social channels of Jura network yet. The following information is taken from a review article on Medium.

June 2018: Fusus and PoU

August 2018: Sharding and AI Poc

December 2018: Testnet

June 2019: Mainnet

Article link: https://bit.ly/2Nw8FYQ

Because the information below is not confirmed by the team yet so we should just take it as a reference source.

  1. Community

  • Twitter: 1,452 followers

  • International Telegram group: 20232 members

  • Vietnamese Telegram group: 201 members

  • Medium: 213 followers

Even the project does not have any bounty or airdrop program, the number of members now is more than 20,000. Actually, there was a bot to delete joining messages when people joined the Telegram group chat. It may be difficult to watch how the number of members increases. The reason for that is they want to save space for real engagement in the project. However, after receiving comments from members, they stopped deleting joining messages. The number of members in Telegram group is increasing considerably. The International Telegram group chat and Vietnamese Telegram group chat are really active.  They ask questions about not only token sale but also technology of the project.

Although the project is on its fancy, several ICO websites have listed Jura Network such as Icogens, Icodrops, Cryptodiffer, Icoanalystics, Icorating or Icoholders, etc. It is rated High on Icogens and Very High on Mocoino and Iconinjas. Especially, the representative of Coin Bloq said in the video that he would keep track of the project and give it quite a high score.

 

Summary

At this time, we still need more information to give a comprehensive review on Jura Network. Some people may also argue that Jura team is not really impressive like some hot ICO projects recently. They are not excellent but strong enough to develop the project. They have an academic background about technology and business.

The project’s Hype is a factor of concern. Many ICO websites and channels list it and some quite reliable channels consider it a good project or a worth-watching project such as Icogens or Coin Bloq. Those channels certainly researched the project and they may even talk to the team. That is why the community cares more about the project when I see the rating and review from those resources.

It is also noticed that one of the admins of Jura Network’s Telegram group chat is Michael Ng, a co-founder of MW Partners, a successful private investment firm on blockchain projects. There might be a kind of relationship or partnership between this fund and the project.

Most importantly, the technological ideas of the project are really promising. The project stands out from many previous, current and upcoming projects because its network is designed to operate most of the advanced technologies now such as Block-lattice, DAG, sharding, PoVRT, PoU and AI. Instead of promoting the project by showing capital funds investing in the project or the team’s profiles, the team apparently focuses most on the technology because they display information about technology only and just a little bit information about other factors.

Rating from Icogens:

HYPE

RISK

ROI

TERM

ICOGENS' SCORE

HIGH

LOW

HIGH

LONG

HIGH

Follow for the updates about Jura Network and other ICO projects.


*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

You are reading [ICO REVIEW] JURA NETWORK: An ultrafast self-regulated decentralized network for the public from ARTICLES.

Source: icogens.com

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