Futurepia

Futurepia is a blockchain based social media mainnet designed especially for high traffic DApps. Futurepia has developed a new DDPoS (Dual Delegated Proof of Stake) algorithm (patent approved) which is a considerable improvement over DPoS (EOS) both in terms of scalability and security. The mainnet has already been released and has demonstrated 300,000 transactions per second in the test environment (certified by KOLAS). Its deployable both in Windows and Linux environment with 100 APIs already developed. Apart from providing mainnet core engine API, Futurepia also provides other useful modules like live streaming, smart wallet, communication network and p2p cloud API. This allows DApp developers develop the apps easily and grow faster.

Contents

Background

Blockchain has gained tremendous popularity over the past year. Although in the beginning, it started as building blocks for cryptocurrencies, it is now hailed as one of the world-changing technologies, as it’s secure and reliable, provides an impenetrable way of recording transactions and creates better user control mechanism. Although blockchain based market of social media dapps (decentralized apps) is still in its infancy, lots of innovative DApps are being developed every day. The very famous ones are Steem (first social network developed on blockchain providing rewards to content creators), Indorse (Ethereum based network for professionals, just like Linkedin), Foresting (an alternative to Facebook which rewards content creators in the form of cryptocurrency) and many others. But all the problem with the current Dapps being deployed on current mainnets face problems of: a) Slower TPS b) DApps paying higher transaction fees c) Vulnerable to network attack These issues were the reason behind the birth of Futurepia, and due to its fastest speed TPS and strong consensus algorithm, it is considered to be the best available options for DApps till date.

What Is DDPoS Algorithm?

It is a new consensus algorithm that solves the problem of the existing DPoS (Delegated Proof of Stake) method, which is called 3rd generation blockchain technology. In DDPoS(Double Delegated Proof of Stake), as Block is created in each round, the master node (BP) and the Futurepia node (BO) become representative nodes in random order. Because of this, the risk of collusion between master nodes decreases and improves the processing speed.

How FUTUREPIA Is Innovative?

Because Futurepia is a social media Mainnet which is developed based on DDPoS (Dual Delegated Proof of Stake), a unique algorithm of Sigma Chain. Thanks to this, it has a high transaction speed of 300,000 TPS (Transactions Per Second) and higher security.

What services does FUTUREPIA Social Media mainnet offer?

Through a specifically developed mainnet, FUTUREPIA wants to provide Social Media DApp developers with the following 4 benefits:

1) Stable mainnet connecting API to DApp with 300,000 TPS, without initial entrance fee, 2) Possibly, provide a basic module API for rapid development of social media DApp(video streaming, chat,p2p cloud, smart wallet) 3) API with up to 3 degrees of social network database in order to rapidly increase the number of users. 4) internal exchange marketplace for an easy exchange of DApp's tokens with mainnet coin.

What benefits do coin holders (Investors) have?

FUTUREPIA coin holders (investors) are offered the following benefits:

1) In line with the number of coins held, users can become BP or BO. Coin holders that qualify as BP or BO, can receive a profit depending on DApp's traffic. 2) Investment priorities for each DApp at a meritable discounted price. 3) Coin holders can delegate investment authority and voting power to third parties (other coin holders or BP) 4) Coin holders can delegate investment authority and voting power to third parties (other coin holders or BP), without losing the ownership of said coins.

Who is the team behind FUTUREPIA?

The key members of the FUTUREPIA Social Media mainnet service that aim to solve problems of the Internet and the blockchain industry includes:

Kawk Jin Young (CEO) After acquiring a master’s degree in computer science at Griffith University, Jinyoung Kwak started working as a software engineer at Max Automation. Afterwards, he worked as the database administrator (DBA) for Cyworld, overseeing the database design, engineering and analysis, and then as the CTO of SayCupid. He then served as an adjunct professor of game engineering at Korea Polytechnic University. He is now regarded as a leading technical expert on database solution design/engineering, analysis, coordination and consulting. Since 2015, he has been developing technologies related to diverse services based on decentralized networks. He is the founder of Sigmachain, and is responsible for the services of Futurepia, as its CEO. In 2018, he was honored with the Blockchain Innovation Award at the Global Economic and Cultural Development Awards.

Oh Young Seok (Vice President) With experience of consulting some 2,000 companies under his belt, Dennis Oh has an understanding of business models from diverse areas, and has consulted on dozens of M&A deals, leading them to success. He has contributed to the listing of two companies (Modia and Netmarble) on KOSDAQ, and previously served as a board member of Nexus Venture Capital and the CEO of a savings bank. He is armed with the expertise and experience to develop business models for horizontal and vertical expansion, based on its core value chain, and to induce its growth and further development.

Jangjun Yun (CMO) Jangjun Yun is the Chief Marketing Officer of Sigmachain, the CEO of DUBHE, and a technical advisor for the Korea Software Industry Association. In the past, he has run the Smart Technology Team at Shinhan Bank, where he has set up a blockchain-based personal information operating system. In addition, he has created an AI video evidence analysis system for the National Policy Agency of Korea and jointly established the Big Data POC Production Center with Google at LG Display. Furthermore, he has set up g-CRM/GVOCM for Hyundai and Kia.

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