YGGDRASH: TRUST-based Multi-dimensional Blockchains
It is a trust-based blockchain ecosystem where each branch is governed by reputation to ensure integrity.
Meet Up in Seoul
CEO and Co-Founder
CTO and Co-Founder
Min Seop Hong
Global Operations Manager
PR & Strategy Analyst
PR & Strategy Analyst
CEO at Lately Korea, Inc.
CPO/CTO at Linkshops.com
Product manager at Homedepot.com
Product manager at Zappos Family of Companies
Co-Founder/CTO at Canari Noir
Senior Sales Engineer at TmaxSoft,inc.
1st Lieutenant/Interpreting Officer at Korea Air Force
CTO/Co-Founder at IvyConnection
Carnegie Mellon Univ.
MBA Business Administration
UNIVERSITY OF HERTFORDSHIRE, UNITED KINGDOM
Lee Kim Alliance Pte. Ltd - CEO
Necca Pte. Ltd, Singapore - CEO
Samsung ASIA PTE LTD, Singapore - Consultant / Management of investment companies in Asia
Samsung corporation - General Manager / Team Leader
CTJapan, Tokyo, Japan - Senior Vice President
Elthe corporation., San Jose, California, USA - President
MBA, Executive Program Yonsei Univ, Seoul, Korea
Cost of the token91 tokens for 1 eth
Price without discounts
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Summary rate the project
Rate the project by other users1
An interesting idea of the global cooperation for various systems, that the project team tries to implement. They want to unite many different fields for full interaction with the consumer, using blockchain technology.
Risks and disadvantages
The project has the same cons as hundreds of similar projects: an attempt to make global coverage of everything using decentralized technologies and blockchain across one platform. All these ideas are good just on paper, but in process of project's implementation in real life, global shortcomings and poorly designed integration will become visible immediately.
Such ideas are very interesting and promising, but only if they are thought out to the smallest detail and partially integrated into the real sector of the economy, so then you see immediately what works in real life, and what is just a theory and will remain on paper. I think that in this version the project has little chance to enter the market with a working business model and become successful.
What is YGGDRASH?
YGGDRASH aka a world tree, is a channel connecting all blockchains. The purpose of the YGGDRASH
project is to connect all blockchains using a trust-based multi-dimensional blockchain. It hopes to redesign all
services on the internet into a blockchain platform.
What are elements of YGGDRASH?
YGGDRASH consists of a Stem Chain and Branch Chains; the Stem Chain provides the blockchain ecosystem wherein all Branch Chains communicate with each other and are fused.
What is a Stem Chain?
The Stem Chain is the main blockchain which is the root of the YGGDRASH ecosystem. It is also an aggregate and a blockchain containing information of all Branch Chains. The Stem Chain is optimized for transaction processing scalability and expandability by storing only minimum information such as the
address of each Branch Chain. In addition, it connects each Branch Chain by referring the address of each Branch Chain and is able to manage the full life-cycle (creation / modification / destruction) of each chain.
What is a Branch Chain?
A Branch Chain is a DApp and an independent blockchain at the same time. Since the Branch Chain itself is a blockchain, it can naturally select the agreed and desired algorithm and form its own blockchain governance. A Branch Chain eventually reaches the level of DAO (Decentralized Autonomous Organization).
What are types of Branch Chains?
1. Immunity Branch Chain
Branch Chain used in the YGGDRASH platform; it doesn’t consume YEED and is not eliminated from the list.
2. Mutable Branch Chain
Branch Chain created by users; it consumes YEED at regular intervals.
3. Instant Branch Chain
Branch Chain created by users; it does not consume YEED but exists only for a certain period of time (it can be created only by users who have a certain level of trust).
4. Test / Private Branch Chain
Branch Chain not connected to YGGDRASH; it is used for test and private purposes (The Stem Chain does not need to be aware of this chain; it is shared by limited users who know the information of this branch or owner of this chain).
What kind of, discriminate, Blockchain?
YGGDRASH proposes the most practical and achievable ways to overcome some of the most important challenges of other blockchains;
1) inherently slow processing speed due to decentralization (though decentralized systems will mostly remain slower than centralized ones) and
2) the issue of economic incentives that should inevitable to maintain the block chain network using the validation node of unspecified individuals
3) the increased block sizes and slowed down block sync speed.
We propose the most practical and achievable ways to overcome those issues.