Scalable Decentralized Turing Machine
zkSystems is developing a scalable Layer One DLT protocol for incentivized computation and distributed data storage. We use asynchronous BFT consensus, post-quantum encryption and verifiable computation, based on non-interactive zero-knowledge proofs.
zkSystems addresses both scalability of smart contracts and horizontal scalability of the network.
Better scalability (hundred thousands tps) and finality within seconds in comparison to blockchain principle and proof-of-work mechanism.
Proof of computation ensures that smart contracts are executed only by a small number of competing nodes, thus reducing run time redundancy.
Proof of Encryption
Only encrypted data is permitted to be stored; this ensures data privacy and stops illegal file hosters from using the system.
Proof of Storage
This ensures that payments to the nodes are only processed when the system provides a proof that the data is still being stored.
Proof of Redundancy
If data disappears from one of the nodes, another node automatically restores the data (i.e. self-healing principle).
This enables General Data Protection Regulation/DRM-conformity and enhances data protection.
Our team combines a deep background in consensus algorithms, cryptography and academic research with software development, entrepreneurship and real-world business experience.
"We are building the first truly decentralized Turing machine as the Layer One infrastructure solution"
Scalability of Smart Contracts
In our system, only a small number of competing nodes execute the smart contracts – as opposed to the usual setting, in which smart contracts are executed by all the nodes in the network, causing energy waste and unnecessary redundancy.
Highest Level of Security
Resistant Against DoS Attacks
By having no single point of failure, a decentralized system with a multitude of nodes enables the highest possible level of security against DoS attacks. This also saves companies between 1 to 10 Mln. € IT security cost.
Data Protection for Decentralized Storage
Conform with GDPR/DRM
Highest standard of data protection and GDPR/DRM-conformity is enabled through post-quantum encryption. Furthermore, a decentralized system eliminates any danger of data espionage, which cannot be guaranteed by central authorities.
Replacement of PoW and Blockchain Principle
With 25 GB data produced per day per car, this amounts to zettabytes of data per year – only a decentralized system with a truly scalable aBFT consensus can handle this scale efficiently.
Our Medium zkSystems Blog
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