Waterfall: A Scalable Distributed Ledger Technology

Grybniak, Sergii; Dmytryshyn, Dmytro; Leonchyk, Yevhen; Mazurok, Igor; Nashyvan, Oleksandr; Shanin, Ruslan

doi:10.1109/igetblockchain56591.2022.10087112

Cited by 4 publications

(1 citation statement)

References 13 publications

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“…The success of this approach depends on the establishment of ad-hoc economics for a decentralized storage system that is both high-speed and scalable, while also ensuring low-cost transaction fees. The primary focus of this article is on the core economic principles embedded within the Waterfall DAG-based protocol [15] and its efficacy in fulfilling these specific requirements.…”

Section: Problem Statementmentioning

confidence: 99%

Waterfall: Salto Collazo. High-Level Design of Tokenomics

Grybniak¹,

Leonchyk²,

Mazurok³

et al. 2023

Adv. sci. technol. eng. syst. j.

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This article explains the fundamental principles of the economic policy that are integrated into the decentralized public platform Waterfall. The platform has a DAG (Directed Acyclic Graph) based system architecture and is designed to develop decentralized applications and financial services. The main goal of this work is to create a favorable environment that incentivizes positive behavior from each network participant and from the system as a whole. Economic leverages ensure general equilibrium to provide an optimal data replication ratio, attack protection, and affordable transaction fees. Although this model of tokenomic is designed explicitly for the current version of the Waterfall platform named Salto Collazo, the presented approaches possess the potential to be applied across a broad spectrum of decentralized public platforms, owing to their inherent transparency and a set of tuned parameters.

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Section: Problem Statementmentioning

confidence: 99%