*DISCLAIMER: ALL of the information is our subjective opinion and only for informational purposes. The information ICOgens provides is not investment advice (read more)
Project Name: Ekiden
White Paper: https://arxiv.org/pdf/1804.05141.pdf%20
Token Sale: Period is not set, but soon
Token type: Own Wallet
Raymond Cheng: an immensely experienced and administrative manager who can run-a-team: post-doctoral researcher from UC Berkeley before going on to work at many illustrious technology giants in a row: 5-year HP, 3-year Apple as a Marketing Director, a year Borland as a Director, 7-year CEO Alabama China Partnership and and so far 8-year CEO at SoZo group. With this network, the ability to centralize geniuses and call for any promotion at
Jernej Kos deserves the lead in dev team who has earned a
Ari Juels and Andrew Miller have earned their Ph.D. in Computer Science just recently. Another team member, Dawn Song also earned her Ph.D. in the same field, but quite a while ago (2002) and all of them have been professors in University and do research in several Labs. All have acquired sufficient experience and certain in-deep learning in Cryptocurrency. Of all 3 members, don’t forget Dawn Song’s wealthy intellectual property and research about AI, Security, Blockchain; Serial entrepreneur,... She could be an ambassador of Ekiden, as a brilliant scholar. Her awards queue in a long row, you can see it here:
Noah Johnson, Nicholas Hynes, both are practitioners of Law and has sufficient experience in their field, follow up the study major as their early career direction.
Warren He has a bachelors in Electrical Engineering and Computer Science. At UC Berkeley, she conducts research with several areas include security, deep learning, distributed systems
The last member is Fan Zhang, from Cornell University, but we don’t have enough information.
5 out of 9 team members hold Ph.D. all in Computer Science major, closely related to what has to be done in Ekiden. Also 5 out of all are in the same University of California, Berkeley, which obtains certain cohesion to be a united team. The CEO profile is something more, HP, Apple to name but a few, with the experience of CEO of consecutive 7 companies. Although when you take a look at their LinkedIn, Ekiden or Oasis Labs hasn’t been there, the team squad is highly qualified and has a big potential for something huge. In our view, however potential they are, the website should be more well-designed and the LinkedIn should be updated when they want to call for any budget.
It seems that this project wants to be exposed as “Still waters run deep”.
Generally, it is the project that uses Ekiden Protocol, a platform for Trust and Performant Smart Contract Execution. What it can do is to support diverse applications in its high performance, ranging from games to machine learning. Furthermore, security and privacy for data and computations are focused on, when the user-friendly function is featured with built-in machine learning and data analytics. It can be a source to build the D-apps.
The team is so confident with their
They try to show how well they keep the network decentralized and confidential when it comes to any blockchain process off-chain, especially on TEE hardware.
PROTOCOL DETAILS AND SECURITY PROOF: Formal Specification of the Protocol. Ekiden Protocol. The contract TEE program
The application range is long, from Machine Learning, Thermal Modeling, Token, Poker, Cryptokities and Ethereum VM, as listed in the picture below:
“Ekiden smart contracts are written in Rust. For each, they specify the number of lines of code, as well as secret inputs, outputs, and state. Secret inputs and outputs are only accessible to the contract and the invoking user. Secret state is only accessible to the contract.”
1. Merging concurrent output from multiple TEE-
2. Separates smart contract execution from consensus
1. Each node replicates all computation
2. Run the consensus protocol
Ekiden can execute smart contracts in parallel to obtain higher performance, with low cost and protect sensitive data through concurrent, off-chain execution of smart contracts.
The picture is presenting an overview of Ekiden architecture and workflow. The Ekiden network includes three main elements: clients, compute nodes and consensus nodes. Amongst that, clients are end users of smart contracts, who can create smart contracts or execute existing ones. The blockchain stores encrypted contract state and keep it secret from all other parties and explicitly specify their secret state, which will automatically be encrypted with keys known only to enclave applications.
They also design Ekiden-BT (end-to-end instantiation of the system with a blockchain extending from Tendermint) achieves example performance of 400x less latency and 600x higher throughput at 1000x lower cost than using Ethereum.
|Throughput comparison across contracts and systems, with |
Peak throughput performance of token transfers under different consensus layer commits times. That contract execution occurs in parallel to state agreement will help throughput performance for plenty of commit times on the consensus layer. Ekiden is hoped to perform well on a variety of blockchains. The decoupling of computation, storage and consensus are essential for achieving the high performance and confidentiality.
By off-chain secure consensus that will take a load off of main-chains on smart contract platform, Ekiden is proved to be a scaling solution.
As usual, we are going to summarize strong and minus points for this review to grasp the overall picture:
To sum up, when lots of companies have great tech, a great team along with a great attitude can bloom. As the slogan, “RETHINKING BLOCKCHAIN FOR THE REAL WORLD”, it is believed that with the first project built from the ground up with smart contract platform, with high-profile team who are about to ring the bell, Ekiden will be a chance for anyone who set a belief in the quote “Tip of an iceberg”. Please wait for enough tips to sprout so that you can make the right choice, or always take a deep breath from afar when you are ready for it.
Rate from ICOGENS.COM
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*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.
Publish by: icogens.com
10:23 day 09/10/2020