Do Network is a decentralized platform designed for high performance and scalability. Through innovative technologies, it utilizes a Wave Consensus mechanism based on a Delegated Proof of Stake (DPoS) 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 DAG (Directed Acyclic Graph) 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 node and 200 DO tokens to stake with opportunities for high annual percentage yields (APY).

Innovative Technology: Implements the Wave Consensus protocol with EVM-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 nodes and supported a diverse ecosystem, including wallets, DeFi, NFTs, and AI applications, through token grants, promotions, competitions, and technical assistance. ^{[5] [6]}

Hard Fork

The first hard fork 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 ERC-721/ERC-20 protocols.
• • 2024 Q2 - Expand to 200+ nodes and conduct an airdrop 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 [layer 1 blockchains](https://iq.wiki/wiki/layer-1)--) 2024 Q4 - Grow to 1,000+ nodes and develop the BTC Layer 2 system using BitVM. - Promote infrastructure applications, including DEXs, 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 total value locked (TVL).
• 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 cryptocurrency of the DO Network, representing both user rights and value within its ecosystem. It serves multiple functions, including governance, 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]

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OliveWallet

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KaratDAO

Bitgert

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4Metas

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A3S Protocol

Fansland

Collably Network

StarProtocol

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Broken Bound

FairCrypto Fund ^[6]