Reforging The Cornerstone Of The Blockchain World
CanonChain is a brand-new blockchain ecosystem and push the blockchain technology to a higher dimensional space so that it can eventually serve as a value transfer protocol for the future Internet. Through our innovation on variant technologies covering P2P communication, consensus algorithm and smart contracts, physical layer protocol redesign, we are finally to make CanonChain the bridge between the blockchain and the physical world.
CanonChain drives current Internet of Things (IoT) to the era of Fog of Things (FoT). Although various devices in IoT are distributed in different areas, the interaction between them and all the operations are performed through the cloud server. Essentially, IoT is still a centralized architecture with many bottlenecks in large-scale expansion: soaring costs, system congestion, reduced reliability, and server vulnerability. In addition, the devices' data are also owned by service providers, individual users cannot fully access their own data.
Based on decentralization requirement as a foggy network, in CanonChain, we have redesigned some elements of the traditional blockchain:
Consensus algorithm based on devices’ resource contribution such as computation, storage, and communication.
New smart-contract design to accommodate both on-chain and off-chain events so to enable value exchange between inside and outside of the chain.
Introducing a new transaction rate mechanism to achieve social optimal allocation of blockchain resources.
New cryptographic structure and access control allowing individual users to have full access to their own data.
Extensive integration of existing third-party software, such as distributed file systems, distributed databases, to combine their strengths with blockchain technologies.
Optimized hardware interface allows heterogenous devices to have seamless access to CanonChain.
Built-in token exchange system to facilitate value exchange between different DeOS (Decentralized Operating Systems) operating in the foggy network.
With these innovations, the users, devices and services are connected in a decentralized way without going through the central server. The above-mentioned centralization problem won’t present in CanonChain. CanonChain is eventually evolving into a hardware and software combined ecosystem. All devices or systems running on CanonChain can be considered as citizens in the community; they buy production from others; they contribute their own productivity to the others and get payment; they pay a certain amount tax; they play a game under regulation.
Total Supply: 1,618,033,988
Price: 1ETH = 6,000CZR
Official Website: http://www.canonchain.com
Contract Address: 0x0223fc70574214F65813fE336D870Ac47E147fAe