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JURA

Blockchain

Jura is a blockchain platform for developing decentralized applications.

Date TBA

Hardcap 20,000,000 $

Rating

bronze+

Jura Network is a scalable platform for deploying applications, which is based on the blockchain technology and DAG (Directed acyclic graph). The goal of Jura Network is to provide a solution that simultaneously meets three requirements: ultra-fast transaction speed, maximum scalability and security.

To implement this goal, a new Fusus protocol is being developed, based on four interacting technologies:

  1. When the load is low, the network is blockchain. When the network load is high, the blockchain is transformed into a DAG: the last block in the chain becomes the genesis of the DAG, which subsequently allows you to process quickly a large number of transactions on the network. 
  2. PoVRT (proof of verifiable random time) is the mechanism for proving the verified random time through the module of the Verifiable Random Function (VRF). It is necessary to cope with spam attacks. For example: Once the transaction is completed, the user will have to wait a while before performing another transaction. This time interval will be random, from milliseconds to seconds. If the user attempts to make a second transaction without waiting for the specified time, the second transaction will be canceled and he will have to wait for a longer period of time. This mechanism is similar to unlocking the phone: you have to wait for the next attempt to send the transaction, and the amount of time between attempts will increase. This makes it difficult for attackers to create spam attacks.
  3. PoU (proof of utility) is a consensus algorithm based on POS (proof of stake) with the addition of time metrics. There are three types of time metrics: total time of tokens possession, average time of tokens possession, duration of the last placement of tokens on the balance. Due to the fact that there are temporary criteria in the consensus algorithm, the 51% attack is difficult to implement. Because it is not enough for the attacker to buy 51% of tokens, but it is necessary to gain a temporary weight.
  4. Dynamic Monitored and Distributed Sharding (DMDS) is a technology of dynamically controlled and distributed Sharding – DMDS. It divides a large database into smaller, faster and more manageable ones.

The WP also introduces the concept of artificial intelligence, which automatically identifies malicious nodes or suspicious transactions.

 

Token: utility. First it will be implemented on Ethereum (ERC-20), then on its own blockchain. Currently, there is only information about hardcap - $20 million, there is no other information about the sale yet.

Team: The Jura Network development team has 8 members. They graduated from well-known universities such as the Massachusetts Institute of Technology, Princeton, Harvard, Columbia, and worked for such companies as Google, Yahoo and Boeing. General Director, Donglin Wu Dafflon, who graduated from Harvard Business School, is also the founder of INVISTIX CRM, INVITE and the developer of the Dimension strategic investment fund. It is registered as one of the richest people in Asia until the 30s in 2016.

Advisors: Tian Jia, Simon Littlewood 

Officially, investors have not been disclosed yet.

Partnerships: Cortex, PChain, UDAP, Hero Node, OneLedger, EON Protocol, SciDex.

Competitors: Hashgraph, Fantom, Dexon.

Conclusion: Developers should disclose more additional information for a comprehensive and deep review of the project. The consensus is interesting, especially considering developments with AI. There is no information about investors and even data about the number of tokens. There is no MVP yet, Github is not available. We are waiting for more information.

 

Token type

ERC-20

Token price

0.015 USD

Total tokens

10,000,000,000