2018-7-30 18:13 |
The Logos Network is a distributed, trustless transaction network designed for extreme scalability. It achieves high transaction throughput and low confirmation latency using a novel structure. Each account on the network has an individual chain that tracks all of its transactions, allowing independent transactions to be processed parallel.
A main settlement chain provides universal synchronization of nodes as well as dynamic validator sets. Sharding via Polis adds a second dimension of parallelism to the network and additional scalability. Transactions are validated and approved by a small number of delegates elected via a representative system, which reduces redundant operations while preserving safety. Consensus is achieved via Axios, a delegated PBFT-based algorithm optimized for speed. The network provides both accountable safety and plausible liveness through slashing conditions and other game theoretic incentives. .
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