Introduction with Sukhavati
Welcome to the Decentralized club
I am Mindaugas, CEO and Co-founder of Sukhavati. I was very fascinated by the core characteristics of Blockchain and decentralized web3 solutions, so I jumped into Crypto completely many years ago.
Brief introduction of yourself and Sukhavati Network
I have recently graduated from Harvard Business School, have 11+ years of management & marketing leadership experience: A number of strategic and hands-on marketing solutions executed for global brands, tech start-ups. Built and scaled product and marketing teams up to 40+ worldwide.
Before joining Sukhavati, I was CMO & Co-founder of Rokkex (crypto exchange by cybersecurity professionals) since 2018. I was also Head of Marketing of FAST INVEST (a P2P alternative investment platform) and Head of Marketing of OXYGEN (a next-gen digital healthcare solutions).
I believe in Sukhavati because I agree with its mission for the implementation of the Web3.0 as a decentralized cloud service network focused on storage. And I believe that through our continuous efforts, its version will finally come true.
Sukhavati is a decentralized cloud service network focused on storage with 3 basic layers of consensus layer, storage layer and application layer. The consensus layer is based on the POS ( Proof of Space) /PoC(Proof-of-Capacity ) mechanism, which can directly reuse the consensus power of some existing POS/POC protocols.
At the storage layer, it makes full use of the advantages of the hardware-based Trusted Execution Environment (TEE) technology and designs a new decentralized storage verification mechanism: Efficient Proof-of-Spacetime (EPoSt), which enables a significant number of small network storage devices to participate in the network and provide trusted computing resources.
On the basis of this architecture, Sukhavati will establish a decentralized data access gateway covering both Web3.0 and Web2.0 storage ecosystems to provide unified data storage, retrieval, and management services for Web3.0 applications. The mission of Sukhavati Network is to inspire and incentivize improvements to the distributed storage ecosystem, promote it as the true infrastructure of the next-generation Internet, and expand a wide range of application scenarios for the implementation of the Web3.0 vision.
Community ask questions from Twitter
Q1: Twitter question from @@Stephen_Hawk3
I read that Storage nodes can obtain storage incentives by continuously completing challenges. What are these challenges as used here ??
At the storage layer, Sukhavati designs a new decentralized storage verification mechanism: Efficient Proof-of-Spacetime (EPoSt) based on the Trusted Execution Environment (TEE) technology. EPoSt consists of two challenges: LivingPoSt and WinningPoSt. A storage miner must complete the challenges and publish the result to the blockchain to obtain the incentives.
EPoSt makes full use of the advantages of the hardware-based TEE technology. Compared to purely cryptographic ZKP-based methods, it is 100+ times faster in terms of verification speed. As a consequence, a significant number of small devices (such as NAS servers) at the network edge can participate in Sukhavati’s storage mining and provide trusted computing resources as long as its CPU supports TEE, giving full play to their advantages of low cost, P2P network transmission and being close to the source of data.
Move to the second question
Q2: Twitter question from Augusto Gutierrez @AugustK95
It caught my attention that they will achieve a verification speed more than 100 times higher than the purely cryptographic methods, which are based on ZKP, this due to the EPoSt mechanism, but does this mechanism really only provides a better speed and that's it?
This is essentially a trade off. We have chosen to use the latest hardware-based Trusted Execution Environment (TEE) technology to implement the verification of storage, which can bring much faster speed. The trade-off is that there are certain hardware requirements, it has shifted the security problem to the hardware trusted computing scheme. But as the TEE technology matures, the hardware requirements will be easier to meet, the cost will be lower, and the security will be more complete.
Q3: Twitter question from @Sunnyaremu
Can you please clarify things between Sukhavati DAO and Senate nodes, they seem to have same roles. What role is native to the DAO and which is native to Senate node? Also, How is the election of Senate nodes carried out??
The Sukhavati DAO will be used to determine which contributors or partners will be elected to the council node, and the Council node will continue to make contributions to fulfill its commitment to the community and maintain the security of the network in accordance with its commitment made at the time of application. In addition to voting on whether or not a Senate node can be elected, the DAO will also be added to the governance of network parameters later.
Thank you for answer all the Twitter question. That’s so informative for our community
Community ask questions from Website
Q1: When can users participate in "storage mining and provision of trusted computing resources giving full play to the advantages of decentralized network structure"? And for how long would this be. Can you also give a complete breakdown of halving stages during minning?
Telegram username @stephesonfresh
After the consensus layer of Sukhavati Network is online and running stably, we will gradually start the specific design of the storage layer. At present, the overall design of the consensus layer of the network has been completed, and the alpha test is under way. After the online test, you are welcome to pay attention and participate.
Move to the second question 🤗
Q2: The word 'Sukhavati' also known as Western Paradise, refers to the western pure land of Amitābha in Mahayana Buddhism. How does this relate to your project?, Why have you choose this name for your project??
Telegram username @Mikexzite
Yes, you are right. The original meaning of Sukhavati is the Pure Land of Ultimate Bliss.
The vision of Web3.0 is to make the Internet more decentralized, verifiable and secure. The current innovation and development of blockchain make large-scale decentralized autonomous networks, value transfer without trust, and verifiable computing a reality. But a key component of the Web3.0 ecosystem is still missing: a decentralized data storage infrastructure. Sukhavati has created a Pure Land in the Web3.0 ecosystem.
Sukhavati's mission is to inspire the improvement of the distributed storage ecosystem, to become the true infrastructure for the next generation's Internet, and to develop a wide range of practical application scenarios for the implementation of the Web3.0 vision. We take it as our mission to accomplish this vision step by step in the future, hoping that distributed storage will become the Sukhavati of Web3.0.
Q3. Sukhavati mission as I read from your website is "to inspire and incentivize improvements to the distributed storage ecosystem...". Well, I'd ask to ask what the current problems to the storage ecosystem you see that warrants these improvements you're bringing.
Telegram username @kaptinblack
Decentralized storage is the main premise of Web3.0 application landing, currently in each specific area there are some representative projects coming out. For example, on Contract-based Storage track, there is Filecoin which is based on zero-knowledge proof and Crust which is based on TEE; On the permanent storage track, there is Arweave; On the distributed object storage track, there is Storj and so on. At present, most of these storage projects are still in the early stage, and there are still many areas to be improved. No matter in ecological completeness, real application cost, or the real realization of Web3.0 concept, there is still a lot of work to do in the actual application and real business.
Realizing the current status of the storage track, as well as its problems and role gaps, we decided to build Sukhavati Network with the goal of improving the storage infrastructure of Web3.0, and join the construction of this ecosystem.
Different from projects mentioned above, Sukhavati aims to build a decentralized data access gateway covering both Web3.0 storage ecosystem and Web2.0 storage services, connect the existing storage protocol islands, and provide unified data storage, retrieval and management services for Web3.0 dApps.
In order to achieve this goal, Sukhavati needs a broad and solid consensus layer. After research, we decided to start from the PoS/PoC protocols which mine with hard disks, and quickly establish a solid consensus layer by reusing the existing PoS/PoC computing capability, while simultaneously covering the largest hard disk storage space market in the world.
Based on this, Sukhavati will take full advantage of the high efficiency of PoS/PoC consensus and hardware-based TEE technology to build a storage layer that can provide hot storage. Thanks to the overall design of Sukhavati, any device that supports TEE technology can be added to the storage network, creating a truly decentralized network. Since Filecoin is more suited for cold storage scenarios and Arweave is designed to store high-value density permanent data, Sukhavati's hot storage layer can act as a storage middleware in the Web3.0 ecosystem, routing contents to different storage networks based on different needs of dApps.
Live Questions answered by Sukhavati
What is the Best way to follow All your Upcoming news and updates? What are your plans in coming Future?
Websites of Sukhavati:
Telegram Announcement Channel: https://t.me/SukhavatiN
Can everyone invest in your project? What are the conditions for investing in your project? Is it open to everyone?
It is! we are listed in different exchanges!
3)🙏🙏মোন কানদে আমার 🙏🙏:
Do you have strong team to achieve ambition and vision? How well experienced team background do you have?
Rami, Chief Technical Officer
Blockchain hardware architect and consultant with a PhD in Electrical and Computer Engineering. His research interests include Blockchain protocols, crypto mining, DeFi, HW/SW co-design, HW/SW partitioning, FPGA-acceleration, and distributed systems. Has the technical depth to confidently present in front of audiences of all sizes, as he has experience presenting track record of publications at highly scientific conferences and symposiums. At his previous start-up, he developed hardware solutions for crypto mining that successfully offered better hashing rates and minimized power consumption.
Patrick, Human Resources and Managing Director
Entrepreneur seeking creative solutions to tricky problems. 7 years’ experience in public policy and finance; at his previous start-up, individually recruited, hired, and trained 160 individuals for an online platform.
4)🎉 Basar Vai Hero🎉:
Q : Currently NFT is very hot, do you think you will apply NFT technology to your products in the future??
It is very very hot now. Actually we will be announcing very big partnership with one new NFT project, keeep your eyes open!