Thundercore is a public, permission less, Ethereum Virtual Machine (EVM) compatible block-chain running on the worlds’ leading Proof-of-Stake consensus mechanism. The Thunder-Core blockchain is open to the public, allowing participants from around the world to join in to secure and verify the record reflect accurate state of affairs. ThunderCore isn’t just a platform for recording transactions.
Thundercore can execute“smart contracts”–computer programs that directly control asset transfer between parties with objective and fair logic. ThunderCore has been designed to be compatible with Ethereum, the most popular smart contracting platform. Any contract or application deployed on Ethereum can be redeployed on ThunderCore in minutes. In this introduction, you will be exposed to why blockchains are needed, what they are, how ThunderCore is different.
Thundercore Key Information
|ICO start||25th Sep 2017|
|ICO end||10th Oct 2017|
|Distributed in ICO||50%|
|Soft cap||5,000,000 USD|
|Price in ICO||1 COLL = 0.05 XLM|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For Visit ICO Homepage|
The Game Change Team Behind Thundercore
Interactions between any two or more entities require trust–the ability to rely and act on the commitments of others. Trust can be expensive and volatile, and the “cost of trust” in society cannot be overstated. However, with modern technology trust no longer has to be provided by individuals or institutions. Instead, trust can be provided by and guaranteed in code.
Leveraging public/private key pair cryptography and novel incentivization and punishment schemes, new protocols enable individuals and other entities to trust the reliability of records without relying on third-party overseers. Thundercore human factor, prone to unclear expectations and only enforceable through costly and convoluted legal agreements or even just veneers of decency, is removed. Operations are more efficient, reliable, predictable and less costly for all parties.
Ethereum Virtual Machine Compatibility
When Thundercore was being designed, over 200,000 developers had been trained to program on Ethereum. This was a talent pool too rich to pass up. Therefore ThunderCore is made to be fully EVM (Ethereum Virtual Machine) compatible. This means that any application, smart contract or tool built on Ethereum can operate on ThunderCore. Developers can easily migrate their decentralized apps (DApps) in minutes and enjoy an immediate boost in performance, experience, and affordability.
As expected, within the first two weeks after Thundercore mainnet launched, multiple development teams have ported Ethereum games over to ThunderCore. These games, compared to their Ethereum counterparts, quickly gained magnitude more daily transactions and players due to high speed and throughput of ThunderCore.
Scalable and Fast Consensus
The Thundercore Proof-of-Stake blockchain relies on the PaLa consensus protocol to drive consensus. Consensus is the process upon which the network agrees on a single canonical and immutable chain of blocks containing user transactions and is the core of any blockchain protocol. The PaLa consensus protocol is the most perform, efficient and simple of its class and has rigorously proven security properties. It is the cutting edge technology that enables our fast and scalable public blockchain. For a detailed explanation of ThunderCore’s technology, please see of this document which is intended for an audience with technical background or interests.
Thundercore was originally designed around the Thunderer consensus algorithm that brought together the best of permissioned classical consensus protocols and decentralized Nakamoto consensus. Since then technology has evolved. They have discovered new consensus mechanisms with exceptional properties. This document introduces the PaLa consensus protocol that use for ThunderCore’s public 1 blockchain. A company consensus protocol is developed by leading researchers in cryptography and distributed consensus and is backed by rigorous proofs that guarantee consistency and likeness.
A typical classical consensus algorithm 2 proceeds in rounds and tolerates up to ⅓ corruptions. In each round, a single proposer will propose new blocks to a set of voters who form a committee. A collection of at least ⅔ of the committee’s votes is referred to as a notarization and indicates that a sufficient number of nodes have agreed on a certain state. In normal operation, this process is fast, efficient and safe. However, Thundercore need a mechanism to recover in the event that the proposer crashes or misbehaves. This process is referred to as a proposer switch.
The future is open, decentralized, and transparent
The future is not without its challenges. But a company stand at a fantastic moment in history where the future is not written and Thundercore have the opportunity to be the scribe for the next chapter. The promise of blockchain technology is that the future will be one that is more open, more decentralized and more transparent. This is a future that ThunderCore believes in and is building towards.
Individuals are beginning to question the underlying assumption of trust that underline day-to-day interactions with large centralized service providers. As each day goes by, people are beginning to be more and more comfortable putting their trust in code, in decentralized services and authority. Blockchain is built on these fundamental principles and they expect to see massive adoption in the near future.