Waterfall Q&A Session December 19

Waterfall is not just a technology; it's the future of decentralized networks, redefining how we think about protocols and service providers.

Hello, my name is [Name], and I am part of the research team for Waterfall. Thank you for taking the time to introduce yourselves. If you are interested in reviewing more about who we are and what each of us is doing, you can look at our first session and where we are currently at.

The development of the Waterfall technology is ongoing. Now, we will start with the first question: Is Waterfall a protocol or a service provider? Waterfall itself is a technology; it is not an entity or a basic organization. The name refers to the technology itself. This technology will be overseen by a board of directors who will make decisions on its behalf, which will later be implemented in various types of tasks.

Currently, we are developing the technology, and later, this technology will be provided to an association that will be able to launch the network. We are essentially adding the Waterfall protocol, and the company we are working with is a service provider. Additionally, we will be involved in the development of our own products, and we will probably also engage in incubation and investment activities. However, our primary duty now is to develop the technology.

As mentioned, we are involved in the process of launching the Waterfall distribution. Aside from the technical tasks, we will later receive input from those who will govern the association. We have provided the contact information of these individuals, so you can reach out to them through our chats and messages.

We have ideas on how we can implement various features. For example, we can simplify the VII to smart contracts for developers using artificial intelligence for network monitoring. At the moment, we are testing a deterministic algorithm.

Next, let's discuss the differences in the implementation of the technology between the Waterfall protocol and projects like Caspa, Hedera, IOTA, and Phantom. What makes the Waterfall deck implementation a unique technology? It is widely used in many distributed technology solutions (DLT) that employ directed acyclic graphs. Transaction events and blocks are commonly used as well. For instance, Casper utilizes blocks to construct its DLT and implements the Phantom protocol, a scalable extension of the IOTA consensus.

In contrast, the Waterfall system uses a modified Gasper algorithm for transaction propagation. The unique aspect of the Waterfall system is that it allows for multiple blocks to be created at a specific point in time within a single network. This capability is crucial for network transactions.

Generally speaking, if we go through this list, we can see that Caspa is a proof-of-work system, while Waterfall employs a proof-of-stake mechanism. To the best of our knowledge, we utilize an optimistic consensus, combining various approaches for optimal performance.

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Decentralization is the key to a thriving network; everyone should have a voice and a role, no matter the device they use.

The Option for Trans propagation waterfall U is a significant aspect of the BL Order ination Network. Through the modified gasper algorithm, the waterfall system allows for the creation of blocks in a single network. This is particularly relevant for network transactions needed across the net.

Generally speaking, if we go through this list, first of all, Caspa is a proof of work system. We utilize proof of stake to the best of our knowledge. The optimistic consensus we employ is a combination of these systems. Proof of work is designed to act in a way that enhances the basic growing hash rate. There is some discussion about this in their community, but in our case, hash rate is not an issue. No matter how large the tech is, proof is utilized, and they also use the UTXO model. In our case, we use the account state model. The bandwidth requirements are lower, which makes Hedera a more centralized technology.

To our best knowledge, it was reported in the news that they have 28 nodes. In our case, they also have grades and are planning to launch these grades. Basically, the nodes are akin to full nodes and light nodes; however, I don't remember how they are called. In our case, all nodes are equal, and we are by default designed to be decentralized.

As we move forward, I will provide more details about the ached waterfall BL. In distributed ledger technology, it is common not to call it blockchain but rather something different from the traditional blockchain. For instance, IOTA is transaction-based and has a very different approach to the task compared to our BLS. I can say that IOTA actually has more similarities with other technologies, such as Phantom. However, I do believe that the Phantom project is written using the letter "F."

All projects are good projects; I am just highlighting how we are different from them. Phantom is also described as being less decentralized. They may implement some steps towards decentralization, but we cannot be certain about that.

These are the main differences, and we are following what others are doing in the industry. However, there are quite a few sessions where we discuss how we stand out from the most popular technologies currently on the market.

Our intent is to provide a unique approach to the community. We achieve this by allowing anyone to run a validator node from any device, including low-powered laptops and mobile devices. All mentioned methods, such as directed cyclic graphs and parallel processes, as well as uned ones, engage millions of workers. Because it is necessary to have powerful devices, a laptop or cellphone will be enough to start working with a small stake as a light worker, for example. However, it is a challenge to create a self-sustaining and self-regulating ecosystem that maximizes benefits for millions of stakeholders working in parallel.

At this moment, our tonic model is designed for 3 million full workers to operate as usual, with the potential to expand to up to 6 million.

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You can run a validator node from any device, even low-spec laptops and mobile phones, making blockchain participation accessible to millions.

To run a validator node from any device, including low laptops and mobile phones, various methods are available. These methods include directed cyclic graphs and parallel processing, as well as uned ones such as Notes SY. This engagement is crucial because there is a need for powerful devices. However, a laptop or cellphone will be enough to start working with a small stake as a light worker. For example, it is a challenge to create a self-sustaining and self-regulating ecosystem that maximizes benefits for millions of stakeholders working in parallel.

At this moment, our tonic model is designed for 3 million full workers to operate as usual, with a vision to increase this number to up to 6 million in the future. We aim to expand the total possible number of workers to hundreds of millions, considering light workers.

There was a question regarding how parallel block creation and processing will help in running on mobile devices. Let me clarify: the directed acyclic graph (DAG) allows us to achieve a high level of scalability combined with a high level of decentralization. The way we implemented it allows us to maintain low node requirements. When we have low hardware requirements for nodes, we can achieve significant scalability compared to traditional systems. This gives us optimism in launching nodes for cellphones.

We have already accomplished the first phase of research and conceptualization, and we are working towards launching on cellphones. The scalability and decentralization parameters, combined with low hardware requirements achieved by using the DAG and other technological approaches, allow us to confidently state that we can solve the task of running nodes on mobile devices.

If there are any follow-up questions regarding this, you can also read our research paper titled "Nodes." We are happy to address any inquiries.

Regarding the last question about plans to provide incentives for validators on the testnet, I mentioned that the incentives distribution is currently being developed. Our team is growing, and I refer to the various organizations involved in the development of the waterfall and its ecosystem. Such rewards and incentives may appear in the future.

Now, I believe it is time for Alexander to provide a status update on the current state of the network and the launch of testnet 8. The network launch is scheduled for November, and we are working on improving transaction speeds. We are optimizing the system to ensure it grows at a rate of about 1 GB per day and improving synchronization, making it work faster than previous versions. We have also fixed many bugs, particularly with gas estimation, which was a problem with deploying some smart contracts.

For local nodes, we have added monitoring features, and now local nodes will have enhanced functionality. This will make it easier to restore validator and coordinator private keys on other computers, addressing a common concern among users.

Thank you to the community for asking all these questions. If anyone would like to ask any follow-up questions or provide additional information, please feel free to do so. Our next AMA session will happen in two weeks, as usual. There may be some changes in the schedule due to the holiday season, but we look forward to seeing you again in around two weeks.