Overview
MPoS, PoF, PoC, and PoV have built a decentralized communication network and storage infrastructure for Nibiru Network that connects the real and virtual worlds. Activities in the real world are mapped to economic incentives in the virtual world through consensus protocols, and vice versa. When this infrastructure is effectively validated and proven to be usable, we will enter the fourth phase of the Nibiru Network: Lumen (the light network). In the Lumen phase, we will focus on two things:
- PoF 2.0, maximizing the value of data assets through their trading and execution.
- The construction of a resource computing power market, based on PoF, and the complete version of PoC, enabling participants to share and earn rewards for compute power.
Ultimately, the transfer of data and value on Nibiru Network will be experienced at the speed of light. In the Web3 era, the interaction and expansion between the virtual and real worlds will become faster and more convenient than ever before.
Work Scope
- 1. PoC 2.0:
PoC 2.0 will launch, enabling data transactions and usage protection based on "contracts." activating the value creation of data assets and related economies, rather than just data storage. "Service contracts" are voluntarily signed between Service Providers and Consumers, specifying the specific content of services (such as authorizing data for third-party use), time limits, etc., with both parties’ rights and responsibilities are restricted by code. Combined with the stream payment mode, data owners can automatically, privately, and transparently extract the value from their data. - 2. Resource Power Market:
Resource Power Market is a new decentralized application market. It will facilitate Service Providers to release their resources as commodities in the market and facilitate users to interact with resources in the PoC and PoF protocols. - 3. Stream Payment:
Stream payment mode is a "programmable" payment mode, which is very suitable for users to pay for their continuous resource usage of the Nibiru Network. Users can establish and terminate on-demand, time-based payment contracts with Service Providers for resources (such as storage space, traffic, data usage, etc.) according to their preferences and needs. With stream payment, consumers do not need to prepay for the entire contract period but can ensure the availability of services by prepaying a partial amount and continuously adding to it. This protects consumers' interests while also regulating and incentivizing service providers to improve their service quality. - 4. Smart Contract Plus:
This is a smart contract that combines multiple modes of resource transactions (not limited to data), time limits, stream payments, etc., and provides reliable protection for business transactions between buyers and sellers in PoC 2.0 and resource markets.