LINIX — Telegram AMA
On Sunday 16 June, we welcomed Jay Lee (Founder & Director of IR) and Henry Duong (Head Researcher) from LINIX to unpack their new blockchain-hybrid project.
LINIX introduce a new ‘DAG-infused’ blockchain, built to achieve the security of a blockchain with the scalability and speed of a DAG (Directed Acyclic Graph).
A fundamental goal of LINIX is to meet growing efficiency and performance demands of blockchain solutions as adoption of the technology continues to grow.
AMA Question Highlights
Jay and Henry, thank you for being here tonight. Could you start with some background on your individual journeys into the blockchain space and cover what motivated you to be working on the LINIX project?
— Daniel from dbcrypto
Hello everyone, I’m Jay from LINIX. Pleasure to be here.
— Jay Lee
Hello, I’m Henry, head of R&D for LINIX.
— Henry Duong
Henry
I studied mathematics and engineering at the University of California, Berkeley in my undergraduate. Then I went on to do graduate school in algorithms and mathematics at Georgia Institute of Technology, but left the program to work in the industry, and joined Microsoft Corp. in Redmond, Washington.
My first encounter with blockchain was pretty much by chance when I joined a blockchain company in Beijing in 2016, due to being introduced to the CEO who was a computer science professor from the US. I was immediately drawn by the blockchain technology after learning about it, because it’s very algorithm centric, which was always my interest and area of expertise.
With LINIX Protocol, we are building a new, decentralized, trustless platform for processing cryptocurrency transactions that utilize a hybrid topology, combining a Directed Acyclic Graph based ledger, and a chain of State Matrices.
With this unique architecture, we are able to combine the exponential scalability of DAG-based ledgers with the security and decentralization of public blockchains.
Jay
I grew up in Israel, and graduated from Yonsei University in Korea.
After that, I have done a few start-ups with good success stories of which I was fortunate to conduct a successful exit to one of biggest financial banks in Korea called Woori bank. I’ve experienced the crypto industry for 3 years now, participated more than 10 ICO projects as a marketer, promoter, IR and operations etc.
Telegram user Elad Steynberg
Thanks for that. What exactly is LINIX? Whats the story?
Jay
LINIX is a DAG-infused blockchain, that aims to improve scalability, security, and transaction times in parallel without loosing any progression from each other.
Daniel from dbcrypto
We might get into some of those terms in a bit. We have established that you are a blockchain project, and the core issue that you are addressing is essentially that blockchains can be scalable but are unable to be secure. Do you think that is true for all blockchain implementations? Is no sweet spot where you can have a scalable and secure blockchain?
Henry
The ‘Scalability Trilemma’ claims that blockchain systems can only, at most, have two of the following three properties:
- Decentralization: defined as the system being able to run in a scenario where each participant only has access to O(c) resources, i.e. a regular laptop or small VPS;
- Scalability: defined as being able to process many transactions;
- Security: defined as being secure against attackers with up to O(n) resources.
I don’t think it’s possible to completely negate the trade-offs between these three pillars for decentralized networks, but it’s possible to maximize the benefits while lowering the sacrifices in the other areas.
Our architecture will deploy the DAG transaction graph to provide scalability, while still anchoring to a blockchain data structure that will provide security and finality.
Get dbcrypto’s stories in your inbox
Join Medium for free to get updates from this writer.
Telegram user Eugene
Why has LINIX chosen to implement DAG into the blockchain as a hybrid?
Henry
Because existing DAG projects such as IOTA, Byteball (Obyte) and Nano are all attempting to use DAG as a replacement for blockchain at the layer 1 level, and running into many problems and have to resort to using central authorities on their network.
We believe we have a different and novel approach that use DAG as more of a layer 2 scalability solution while still keeping the blockchain as the main layer 1 data structure to provide security and finality.
Daniel from dbcrypto
Blockchain projects are always intrinsically ambitious because you are at least indirectly competing with all the other blockchain infrastructure projects for users and adoption.
What sets you apart from the other top-tier blockchain projects? How do you plan to really attract the spotlight and a strong user-base?
Henry
We believe the algorithm and tech itself is what will fundamentally set our project apart from others. Our DAG+blockchain architecture is very unique, and from our architecture, we can derive certain properties such as instant confirmation that will open new use cases for blockchain technology that were not thought of as possible before.
This will attract users and companies to our platform.
Daniel from dbcrypto
For myself and I’m sure many of us the State Matrix information is quite technical.
How would you simply describe the State Matrix component of the solution and why is this important?
Henry
State Matrix is essentially a snapshot of the global system state.
It’s how we anchor our DAG transaction graphs to the underlying blockchain. The availability of State Matrices allows us to enable Smart Contracts on our network, because otherwise, DAG’s typically cannot support Smart Contracts.
Daniel from dbcrypto
As I understand it, the Proof-of-Checks-and-Balances (PoCB) consensus is incorporating a Proof-of-Stake modified BFT consensus.
What is your PoCB consensus and how does it build on and improve upon the different mechanisms we have read about and have seen implemented before?
Henry
PoCB is essentially the separation of power between the nodes that validate the state matrices, and the nodes that maintain the DAG transaction graph. We’ve seen how large mining pools can centralize PoW chains, and similar concerns exist with PoS consensus.
Hence why we implement this separation of roles in our network to ensure the distribution of power.
Telegram user Aditya Sharma
1. Any particular industry being targeted for adoption?
2. Any business onboard for adoption?
3. What steps will be taken by team?
Jay
1. Currently we are focusing not only public chain but also B2B layer solution platform to expand ecosystem who has mainnet already or wish to build their own platform.
2. We currently providing our tech solution to one of biggest retail business company who wish to adopt blockchain payment
Thank you Jay and Henry (and Oliver) for your time we really appreciate you being here and chatting with us
— Daniel from dbcryptoThank you so much for all your participation and we hope to bring our best performance, cheers!
— Jay LeeThank you for your questions and time
— Henry Duong
Website
https://www.dbcrypto.io
Twitter
https://www.twitter.com/dbcryptoteam
Telegram
https://www.t.me/dbcryptochat
Please note that some questions and or answers may have been edited to account for grammatical errors and appropriate presentation. This summary does not necessarily include all questions asked and answered during the event.
Thank you to the LINIX team for supporting our work and sponsoring this AMA session.
