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Part1: Purpose, goals, value propositions and expectations
1.Introduction - Where we came from, where we heading to
With the invention of Bitcoin Satoshi Nakamoto started a new era in 2008. By linking the world of computer science and distributed systems with behavioral economics the world’s first decentralised currency was born.
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It is now time for RChain to do the next step. RChain with its revolutionary underlying computational model the Rho calculus, on which Greg Meredith worked almost 20 years, goes new ways in order achieve a secure, sustainable and scalable infrastructure on which mission critical applications can be built on top.
2. Purpose of the incentivised testnet - Why do we need it and what is an incentivised testnet?
Once again we entering unknown territory. With RChain’s unique components and features it is obvious that these needs to be technically examined closely within a testnet prior to the Mercury launch. This testnet can be seen as an alpha/beta release that will include all components and the full features set we will see later on the mainnet. Besides other this will include:
- Casper - The Proof of Stake consensus protocol developed in collaboration with the Ethereum team
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- Rho virtual machine - The heart of RChain’s virtual computer whose underlying computational model is the Rho calculus
- Rholang - RChain’s concurrent smart contract language
- RSpace - RChain’s storage layer
- Name space system - The Rho calculus inherently comes with a name space system that enables RChain’s very expressive sharding solution
As mentioned before blockchains cover the field of distributed systems and behavioral economics. In order to create an environment that is closed to the economic model and the wild west of the mainnet it is the plan to incentivise participation as well as certain interactions within the testnet in a competition-like fashion.
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