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Do Network

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Do Network

Do Network is a decentralized platform designed for high performance and scalability. Through innovative technologies, it utilizes a Wave Consensus mechanism based on a () model, enabling significantly enhanced transactions per second (TPS) out put. [2]

Overview

The DO Network is a blockchain platform designed to enhance transaction efficiency while maintaining decentralization. It employs a lightweight "Wave Consensus" protocol, which uses a dual VRF (Verifiable Random Function) algorithm to select candidates for parallel transaction processing, finalizing consensus through randomized validator groups. The network utilizes a () structure with specialized block placement rules to prevent branching, ensuring efficient data processing. Its economic model promotes fairness and transparency by providing equitable participation rights and an efficient exit mechanism, fostering long-term user engagement. [1]

Key Features

The DO Network incorporates several defining attributes to enhance its performance, accessibility, and technological innovation:

Low Transaction Costs: Processes over 10,000 transactions for just $1 in fees.

Accessible Participation: Requires 2,000 DO tokens to run a and 200 DO tokens to with opportunities for high ().

Innovative Technology: Implements the Wave Consensus protocol with -equivalent compatibility to optimize network efficiency. [3]

Wave Consensus Protocol

The Wave Consensus Protocol is a specialized algorithm utilized by the Do Network to achieve secure, efficient, and scalable transaction validation. By integrating localized consensus with network-wide agreement, it operates similarly to waves propagating across a sea. Since its mainnet launch in 2021, the DO Network has established over 200 global and supported a diverse ecosystem, including wallets, , NFTs, and AI applications, through token grants, promotions, competitions, and technical assistance. [5] [6]

Hard Fork

The first of Do Network has been completed, simplifying the user experience by merging two separate addresses into a single combined address for both users and developers. Although a hard fork typically arises from community disagreement, in the case of Do Network, the decision to combine addresses was a positive upgrade rather than a response to conflict. This hard fork marks a significant step in the network's governance and serves as the beginning of future updates to improve the platform. [7]

Road Map

The DO Network's roadmap highlights key milestones across its development phases: [3]

  • 2024 Q1
    • Deploy 100+ nodes and stabilize the mainnet.
    • Launch EVM compatibility for / protocols.- - 2024 Q2 - Expand to 200+ nodes and conduct an program with ecosystem applications. - Introduce cross-chain components and developer toolsets.- 2024 Q3
    • Scale to 500+ nodes and support 40+ ecosystem applications.
    • Enable cross-chain functionality and interoperability with major [l](-) 2024 Q4 - Grow to 1,000+ nodes and develop the system using BitVM. - Promote infrastructure applications, including , DeFi, bridges, and wallets.- 2025 Q1 - Expand to 2,000+ nodes and support the gaming ecosystem.
    • Achieve a top 15 ranking among Layer 1 blockchains by ().- 2025 Q2 - Reach 3,000+ nodes and host the inaugural hackathon.
    • Build a diverse ecosystem with user-friendly applications and rank among the top Layer 1 blockchains.

Tokenomics

Do Network Token ($DO)

The DO token is the sole of the DO Network, representing both user rights and value within its ecosystem. It serves multiple functions, including , staking rewards, and node operation incentives. [3]

Total Supply: 200,000,000 DO tokens.

  • 35% allocated for circulation.
  • 55% reserved for node incentives.
  • 5% designated for Do Labs.
  • 5% allocated for global ecosystem development.

Vesting Schedule

In 2024, 12,657,281 DO tokens, accounting for 6.32% of the total supply, will be released into circulation. [4]

Partnerhsips:

OliveWallet

ClickFUN

FBPay

KaratDAO

CamelotLayer3

Cheersland

LightCycle

4Metas

OceanPark

A3S Protocol

Fansland

Collably Network

StarProtocol

CogniXphere

Broken Bound

FairCrypto Fund [6]

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Edited By

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Edited On

November 24, 2024

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REFERENCES

[1]

Do Network Summary

Nov 24, 2024

[2]

Do Network Website

Nov 24, 2024

[3]

Medium: 'Do Network is a decentralized network with ultra-high performance'

Nov 24, 2024

[4]

DO Network Token Economy

Nov 24, 2024

[5]

Wave Consensus Protocol

Nov 24, 2024

[6]

Medium: 'DO Ecology Is Growing, Know Why Do These Outstanding Partners Unite With Us'

Nov 24, 2024

[7]

Medium: 'What Will Happen After the DO Network Hard Fork?'

Nov 24, 2024