Callisto Network is an open source decentralized cryptocurrency platform based on Ethereum source code and having its own Callisto cryptocurrency (CLO). The development of the platform is led by Dexaran , founder of Ethereum Commonwealth [1] (one of three Ethereum Classic development teams). Callisto Network is an independent blockchain integrated with the main ETC blockchain and has its own genesis block [2] .
| Callisto network | |
|---|---|
 | |
| Type of | Security Audit and Smart Contract Development Platform |
| Author | Dexaran , Yohan Graterol |
| Written on | Go , rust |
| operating system | Linux , Windows |
| First edition | January 14, 2018 |
| Hardware platform | x86, ARM |
| License | Multiple open-source licenses |
| Site | callisto.network |
At the time of the launch of the Callisto Network, it will initialize the balances of the Ethereum Classic network at the time of the 5500000 block [3] .
The Callisto Network is designed to address scalability and development security issues in smart contract ecosystems through the introduction of a smart contract audit department and integration with the Ethereum , Ethereum Classic and EOS ecosystems. Thus, Callisto Network implements a mechanism for transferring logic between Ethereum-compatible networks similar to AION [4] . Callisto smart contracts are based on the blockchain management system and provide a transparent mechanism for balancing the distribution of funds between miners and network users.
The new platform will be used to test experimental protocols [5] , to collect and analyze information for the further development of Ethereum Classic [6] .
Callisto's monetary policy is based on fixed capitalization, just like ETC. Callisto implements the Cold Staking protocol, which will reward coin holders for being members of the network.
Content
Callisto Network Appointments
- CLO and ETC Interworking Protocol
- Smart Contract Ecosystem Security
- Cold Staking Protocol
ETC and CLO Scalability
ETC developers are trying to solve the scalability problem by implementing sidechains [7] .
Sidechain is “a separate blockchain with two-way communication with the main blockchain with the possibility of direct exchange of assets and their transfer within the framework of a common system at a fixed deterministic exchange rate”. Sidechains carry their own data sets and functionalities that are tied to the parent chain. Using the sidechain offloads the main ETC blockchain and increases the throughput of the overall system. This sidechain will be used as a way to research and achieve a reference implementation of future protocol changes.
Callisto Network improves scalability of both the Ethereum Classic and the new network, as well as improves inter-chain connectivity. According to the plan, in the future Callisto smart contracts can be used in the ETC blockchain and recruitment. The development process for the Callisto Network platform can be seen in the roadmap of the Ethereum Commonwealth repository .
Smart Contract Ecosystem Security
Errors in smart contracts of blockchain systems can lead to disastrous consequences for the entire ecosystem (similar to hacking TheDAO [8] ). To avoid the saturation of the ecosystem with unsafe smart contracts, the Callisto Network has a protocol-based mechanism for financing the department of auditors of smart contracts. A 10% commission is levied on each extracted Callisto block in favor of the audit department (analogue of the “treasury” smart contract), so the ecosystem itself finances the audit department and the security audit becomes completely free for smart contract developers.
The work of the Callisto Network security auditors department and receiving payment in the form of CLOs is carried out through the Security-DAO-registry smart contract. The Callisto Security Audit Department has the following functions [9] :
- A registry of verified smart contracts is created. Each smart contract that has successfully passed a security audit will receive officially verified status. Otherwise, the default contract will not be checked.
- Each smart contract developer is allowed to send audit requests for free.
- For the audit of smart contracts, a full-time team of auditors is created, which check each requested smart contract.
- Smart contract auditors are paid on CLO from the treasury Callisto Network.
- Accepting ETC and CLO smart contract audit requests for free is regulated by Ethereum Commonwealth.
Cold Staking Protocol
Cold staking is a smart contract-based process that allows CLO holders to receive interest on the total CLO issue when they hold CLO coins on their balance sheets for a sufficiently long period of time.
Cold stakers are not required to start a site to participate in the cold process. Cold stakers do not check transactions and do not participate in the creation of new blocks, unlike Proof of Stake , so the whole system can remain completely POW (Proof-of-work - proof of work), because ETC adheres to consensus by the POW method.
The Cold staking protocol can be an intermediate step in the automated implementation of the blockchain management system, as coin owners can make decisions on managing the development of the project and the distribution of financing by voting.
Callisto Network Specifications
- PoW Algorithm: Dagger Hashimoto (Ethash)
- Interval between blocks: ~ 15 sec.
- Block reward: 600 CLO (30% treasury commission)
- 100% compatible with Ethereum Virtual Machine
- Maximum issue volume: 6,500,000,000 CLO
Notes
- ↑ Ethereum Commonwealth | ETC . wikipedia.org . Date of appeal March 16, 2018.
- ↑ Genesis block | ETC . icotime.ru . Date of appeal March 16, 2018.
- ↑ Callisto balance snapshot | ETC . forklog.com . Date of appeal March 16, 2018.
- ↑ AION | Aion . inp.one . Date of appeal March 16, 2018.
- ↑ Experimental Protocols Callisto | forklog.com unspecified . forklog.com . Date of treatment March 23, 2018.
- ↑ Purpose of Callisto Network | Callisto.network . ethclassic.ru . Date of appeal March 16, 2018.
- ↑ Callisto sidechain | Callisto.network . anycoin.news . Date of appeal March 16, 2018.
- ↑ TheDAO | wikipedia . wikipedia.org . Date of appeal March 16, 2018.
- ↑ Callisto Network White Paper | Ethclassic . ethclassic.ru . Date of appeal March 16, 2018.