VANTA - INFINITY Connect - Decentralized Network for Real-Time, Secure and Private Connectivity

STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, VANTA aims to be the World’s first decentralized network that enables fast and low cost development and operation of scalable services that provide infinite connectivity.

"The Blockchain technology has come into trend after the rise in the Cryptocurrencies price. The popularity has grown and companies are trying to implement it in their business somehow.

The best thing is any company can take advantage of Blockchain ability to maintain records. However, it is important to be clear about what to expect from Blockchain and what could be obtained from it. In addition to this, Blockchain is not limited to the cryptocurrency and is more than that.

By storing information in multiple cryptographically validated ledger copies across a network, blockchains eliminate single points of failure, hacking attacks, or control by any single entity. Compromising an entire global network is difficult because the historical transaction data is embedded within multiple nodes.

Today, IoT connections must scale up to secure billions of interactions among machines and sensors. This results in network slowdowns and higher costs. Without managing micro-transactions and settling payments, billions of daily transactions will engulf traditional financial services.

The integrity of the data exchanged among billions of IoT devices is ensured using blockchain’s decentralized approach. Trusted communications between peer-to-peer devices (distributed file sharing and autonomous device coordination) will increase system throughput and cut costs."

With that being said, the motivation behind the VANTA project is situated in the need for this network arises from the fundamental reason that the amount of real-time data exchanged between people and devices is increasing exponentially. In addition to the number of devices connected to the Internet, the amount of data that individuals produce and consume in real-time is exploding. The need to transfer and process more data quickly is growing rapidly. 

But before we go any further, please check out this video presentation to get even more acquainted

Now that I have your attention, let’s get right to it.

What exactly is VANTA?

As depicted above and as indicated on the official website of VANTA, VANTA is a decentralized and permissionless network that ensures real-time, secure and private connectivity. By using blockchain and crypto-economics designed for real-time networking, VANTA creates a system in which nodes participating in the network contribute to real-time data transmission and processing without relying on traditional centralized systems and networks. This system results in a low cost, functional blockchain-based network where anyone, regardless of existing platforms, can participate and use the network by using an API, an SDK, or modules to integrate with existing applications or platforms in use. In simpler terms, creative services will be provided and integrated within the VANTA ecosystem, and VANTA blockchain will greatly contribute to improving the daily lives of individuals and operations of enterprise businesses.

The Goal

To be the World’s first decentralized network that enables fast and low-cost development and operation of scalable services that provide infinite connectivity.

To allow individuals create decentralized networks that perform real-time data transmissions as well as process and store that data by selecting intelligent peers, collaborating, and evaluating each other using the VANTA network protocol and the consensus algorithm.

About VANTA’s Intelligent Network and VANTA Networking Framework

VANTA’s Intelligent Network

VANTA’s Intelligent Network works as a decentralized network that performs real-time data transmission, processing, and storage functions by selecting peers that collaborate and evaluate each other. The VANTA ecosystem also includes the Networking Framework which is a non blockchain framework built on the PGP encryption standard which helps the network achieve high levels of performance when dealing with secure, real time communications and data transfers. Furthermore, the ARKAS Protocol, a decentralized P2P networking protocol, establishes seamless routing channels across nodes, while the KANUS Chain adopts the Proof of Networking consensus algorithm that incorporates intelligent, self-involving nodes with Verifiable Random Function (VRF) and Practical Byzantine Fault Tolerance (PBFT) to maintain efficiency alongside cost reduction.

VANTA Networking Framework

The VANTA Networking Framework is a low-level, non-blockchain, networking framework that allows high functional extensibility on the network level, and delivers the networking performance for real-time communication while securing live data transferred against malicious attackers. VANTA Network Framework enables secure end-to-end encryption, personal identification, and network architecture modularity on a sharded decentralized network. Built on the PGP encryption standard and inspired by Namecoin’s decentralized namespaces model, this framework provides a rock-solid foundation for applications taking advantage of the VANTA Network. Additionally, authentication and communication channel algorithms based on zero-knowledge proof enable secure data syncing and integration across multiple devices, allowing applications previously only possible with a centralized cloud, to function completely on a decentralized network. VANTA will provide an SDK and an API to integrate the VANTA network into any platforms and applications that require real-time communication.

Impending Challenges

Increasing network throughput and cost

Current networks and infrastructures that support various real-time networking are reaching throughput limits. This means that companies will not be able to provide reliable services since network and server costs will increase along with the increasing amount of data transmitted.

Real-time networking development costs and problems with centralized services

Many companies are limited (or even fail) to develop real-time networking services because of the cost, time, and skills required to develop and operate such services. As a result, an increasing number of companies are utilizing centralized API services that are prone to cost increase as usage increases, and to hacking or privacy issues because the data is stored on a centralized server.

Privacy concerns resulting from transferring and storing personal data

Currently, a lot of our personal data is being stored on centralized servers in order to provide smoother services/experiences, but at the cost of data being leaked and exposed to the public when the servers become compromised.

Access to data generated by devices and the data usage fees

Trust in the communication between parties and trust in the data transferred from various devices

The Solution Offered by VANTA

Why VANTA is so important in our today's Cryptosphere:

VANTA will solve the throughput and cost issues by making the common computers and mobile devices around the world, whose performance rapidly increases each year, contribute to real-time networking.

By building a decentralized network for real-time networking that is not owned or controlled by anyone, Vanta can provide various real-time networking APIs to companies which helps the companies reduce cost, and mitigate hacking and privacy issues.

With Vanta Blockchain, it will be possible to transparently confirm the process of transmitting, storing and deleting data. Decentralized nodes, in addition, transmit and store real-time data, which prevent hacking and excessive/malicious use of personal data.

VANTA intends to create an efficient system that can quickly and safely send and receive data in real-time by creating a competitive system that instantly configures networks according to each situation.

The Features

Communications

Real-time collaboration services, delivery/shopping/car sharing/reservation related platform services that require communication between users, customer service within shopping or reservation services, and social dating services.

Streaming

Live video streaming services will include online courses, user-generated video content, sports & game broadcasts and more while VOD streaming services include movies, entertainment, and music.

Games

Online game interaction data will be transmitted through VANTA, which will provide real-time data processing, a necessity for game developers. Tradable items with monetary value will be tracked by VANTA’s blockchain.

Internet of Things

Some IoT sensors and hubs require thousands to tens of thousands of data per second. These IoT sensors and hubs can use VANTA to process traffic data, factory operation data, personalized medical and welfare data, connected car data, smart home data etc.

Telecommunication Infrastructure

VANTA provides private blockchain solutions to enterprises, public institutions, and hospitals looking to set up telecommunications infrastructure. A blockchain-based telecommunications infrastructure is cost-effective and easier to use.

Applications

Individuals and corporations may develop real-time communication, collaboration, games, broadcasting applications at low-cost using the VANTA Network with no backend infrastructure setup.

How It Works?

VANTA constitutes an intelligent network by allowing participating nodes to perform data transmission and processing operations accurately and reliably in a competitive manner. The VANTA ARKAS protocol and the consensus algorithm are the keys to this structure. Nodes constituting the intelligent network become intelligent node. In addition, installing the VANTA core client on your own computer or mobile device or installing applications developed on the VANTA API will allow you to participate as an intelligent node. Participants in the network compete with each other in order to receive data transmission / storage / processing tasks requested by the network in real-time, performing the main tasks.

Blockchain and the VANTA consensus algorithm

Necessity of a new consensus algorithm

Since VANTA is a blockchain designed for processing network tasks in real time, its efficient processing requires a new consensus algorithm. Since previous consensus algorithms were based on proof of performance or proof of rate and wasted computing power, they were unsuitable for use. with VANTA. VANTA aims to use the computational power and network resources of network nodes that will be used for real-time networks and Dismantle the evidence for these problems with block generation and consensus algorithms to make a consensus algorithm optimized for VANTA.

The PoN-VRBFT

Consensus algorithm VANTA created an algorithm called Proof of Networking, which allows each node to contribute to the transmission, processing and storage of data in the network in real time. This was combined with BFT and VRF to develop a unique consensus algorithm called PoN -VRBFT.

The Benefits - WHY VANTA STANDS OUT?

VANTA-based service developers

With VANTA, it is possible to develop and operate scalable, stable, and highly secure real-time networking services at a low cost. Developers can quickly and inexpensively develop real-time networking capabilities based on VANTA without building up a separate server or develop real-time networking from scratch. According to the staking based token economy, developers may utilize

VANTA’s network resources by staking VNT tokens. It is available at no cost, except for a small fee when VNT tokens are unstaked. If a developer does not have enough VNT tokens to secure the resources they need for their service, they have the option to create a policy requiring end users to stake VNT tokens for all or a portion of their own resource usage. In other words, developers and users can share staked VNT tokens to run a service. It enables to significantly reduce the development and operation costs of real-time networking related services.

VANTA-based service users

End users using VANTA-based services benefit from lower service costs and privacy. When a service developer stakes sufficient VNT tokens for the service’s network resources, end users usually do not have to stake VNT tokens for their own resource usage. However, if the service is set up for end users to stake VNT tokens to run the service as explained with the previous sections, each user needs to stake VNT tokens for their own resource usage.

Users can also easily create a VANTA account without a separate subscription procedure or authentication. This is possible because network participants communicate through an anonymous hash value that cannot be used to track their identity. Also, users can create a new account at any time, further assuring that an individual cannot be identified. Since there is no central control authority and all data is encrypted and transmitted between peers, it is impossible to provide communication records, data / media, etc. at the request of the central government or authorities. This means that it is possible to use secure, decentralized communication services without privacy problems.

Benefits for organizations from adopting VANTA as a telecommunication network

Because VANTA is specialized in real-time networking and has various communication functions, VANTA blockchain can be used by organizations such as governments, businesses, and schools that want to build their own elecommunication network. The VANTA blockchain telecommunication network can be built quickly and cost-effectively without the need for a separate server or infrastructure.

VANTA will also provide direct consulting and customized development for cases in which the government, company, or school, etc. has technical difficulties using VANTA as a telecommunication network. Therefore, it is possible for each organization to build an optimized blockchain based network.

Token and ICO Details

Ticker: VNT

Token type: ERC20

ICO Token Price: 1 VNT = 0.00088 USD

Fundraising Goal: 15,000,000 USD

Total Tokens: 56,200,000,000

Available for Token Sale: 35%

Know Your Customer (KYC): YES

Accepts: ETH, BTC

VANTA Token Distribution

The VANTA network consists of 56.2 billion VANTA (VNT) tokens. A total of 35% will be raised via token sales. 10% of tokens will be given to the team who are core contributors for VANTA Network. Most of the portion of the budget will be dedicated to developing for the performance optimization and further function development.The VANTA (VNT) tokens shall be distributed as the following.

Roadmap

Meet The Amazing Team

Advisors

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://vanta.network

Whitepaper: https://vanta.network/doc/VANTA_White_Paper.pdf

ANN Thread: https://bitcointalk.org/index.php?topic=5095100

Facebook: https://www.facebook.com/vantanetwork/

Telegram: https://t.me/vantanetwork

Twitter: https://twitter.com/vantanetwork

Medium: https://medium.com/vantanetwork

LinkedIn: https://www.linkedin.com/company/vantanetwork

Reddit: https://www.reddit.com/r/vantanetwork/

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.