Blockchain networks are comprised of nodes or servers which run command line applications generally on a unix based operating system. The servers are used to connect to a decentralized network of identical nodes which become the backend network and data storage for the blockchain.
JSEcoin is building a system that reaches consensus using client-side voting. In the past, this has been impossible due to restrictions on data transfer between clients. New technologies such as webRTC are however making it possible to connect clients in a P2P network without the need for huge networks of servers. This means that consensus can be reached using ordinary devices such as mobile phones, laptops, and tablets.
WebRTC works by using the punch a hole in the firewall technique. Two clients that wish to communicate will send out a UDP request simultaneously and the data will be received as the firewall will open up a port to allow for the response. This in the past has been used to stream media between clients and can handle a high flow of data transfer.
Network discovery will still require connection to a relay server but this could be any entry point into the network and could be distributed via 3rd parties across the globe.
The chance of a 51% attack comes from botnets and attacks using multiple clients across a wide field of IP’s. JSEcoin has been operating a network using trusted internal nodes since 2017 where they have developed world class fraud prevention and datasets for VPN, proxies, botnets and Tor endpoint IP addresses. The network currently has around 20,000 concurrent active connections at any one time due to their platform and publisher mining application. The ICO will finish shortly and once exchange listed they will have the volumes to scale out the world’s first true client side consensus network.
The network will use a one vote per IP subnet and the fraud controls will be scaled out to prevent bad actors from manipulating the voting. This will create a network which is ASIC resistant, unable to be mined in server farms, energy efficient and most importantly delivering the power of blockchain literally back into the hands of consumers.
The Bitcoin network alone now uses more electrical power than the entire population of Ireland. JSE’s mining platform uses surplus resources within a web browser that would otherwise be wasted to create a more efficient system.
Their publisher pool now includes twenty thousand websites and their platform has over a hundred thousand registered users. Demand on exchange will be created by releasing an advertising platform for the publishers (traffic on the network is already valued at $1.5m/month), merchant tools for ecommerce and subscription websites which are already available via their platform and enterprise solutions which will leverage side-chain technologies to bring the benefits of blockchain and cryptography to a wider business environment.
In the last week they have released a mobile application on the Android Play Store which will enable a new field of users to discover the simple, intuitive user interface.
For more information on the project visit https://jsecoin.com