April 4, 2024 Seattle, USA After six years of operating block producer nodes on public delegated proof-of-stake (DPoS) blockchains, GoodBlock will sunset its DPoS blockchain validating operations to focus on its other lines of business. All operations and services on Antelope.IO-based DPoS public blockchains (formerly EOS.IO) will cease. GoodBlock will continue to operate its Decide Governance Engine tools, led by its Decide Voter mobile app.

GoodBlock has been engaged in the Antelope.IO/EOS.IO protocol since its earliest days in 2017 and 2018, when GoodBlock (under the name EOS Americas) participated in the EOS Mainnet Launch Group which launched several testnets and ultimately the EOS Mainnet. Later in 2018, GoodBlock led the deployment of the Telos Blockchain, founded by GoodBlock’s CEO, Douglas Horn. GoodBlock’s developer team also served as the Telos Core Developers (TCD) for the first several years of the Telos Blockchain’s existence, creating many of the Telos core features such as block producer rotation and removal, operational improvements, and the Decide Governance Engine. Other members of the GoodBlock team were influential in this community even before joining the company. Additionally, Douglas Horn was a founder of the Antelope Coalition, a unified effort from the Telos, EOS, WAX and UX Network blockchains to take charge of the development of the EOS.IO protocol and development following the withdrawal of EOS.IO developer, Block One from further development duties. Other Antelope.IO founders include Yves La Rose, Lukas Sliwka and Guillaume Babin-Trembley.

In recent years, GoodBlock was one of the original block producer organizations that launched the Bitcoin Libre blockchain and served as a block producer on the UX Network in addition to continuing as a block producer on Telos. In 2022 and 2023, GoodBlock consistently achieved the highest CPU benchmark performance of any mainnet block producer on any Antelope Coalition-member blockchain block producer, without using the protocol’s CPU acceleration, due to its research and development of improved hardware and software infrastructure. This speed advantage required GoodBlock to limit its top speeds so as not to overload less powerful block producer nodes on public blockchains. GoodBlock continues to develop this technology, which it will employ as a homogenous infrastructure on the Ayetu Blockchain, which is anticipated to allow Ayetu the highest capacity of any similar network, with initial aims of 40,000 TPS in sustained throughput.

Today, GoodBlock is engaged in a number of exciting projects including the African data and financial network, Ayetu, decentralized cloud storage platform, dStor, A large regenerative farming project and platform in Ghana, GreenEarth, and other projects not yet made public. DPoS blockchains offer significant technological and performance advantages over other blockchain technologies, but despite conducting the richest ICO in blockchain history ($4B), Block One never fulfilled its promises of investing into the DPoS community and infrastructure, and the protocol failed to thrive. Further, there have always been questions about the viability of DPoS as a consensus mechanism, since it appears to be susceptible to capture by small groups of whales and colluding block producers. While GoodBlock has a significant investment and leadership in the Antelope.IO technology, the company will concentrate its efforts on implementations that do not rely on the DPoS consensus mechanism.

Building Blocks is a series where we look at GoodBlocks’ work in leveraging emerging technologies to solve some of humanity’s biggest problems. In this article we’ll be diving into Decide Voter, a unique piece of tooling to facilitate fair and accessible democratic processes within communities.

Governance is broken and in need of a massive overhaul. The current methods in place for groups to reach consensus around a shared goal are plagued with problems like opaque processes, poor user experience, and voter apathy. This has led to a growing distrust in the democratic processes, no matter how well-intentioned the people may be that are utilising these systems.

GoodBlock is on a mission to solve this issue, with their innovative, decentralised governance tooling, Decide Voter. Keep reading to learn more about how this project aims to bring about a more optimistic future for consensus building.

A Growing Need for Fair & Accessible Governance Tooling

Technology has come a long way since society first began to utilise democratic processes for collective decision making, but the technology surrounding governance has remained more or less the same. This has caused increased distrust in processes that are integral to a society functioning properly. Whether the scenario is a smaller form of governance, such as a condo board, or larger scale, such as governing a nation state, there’s no question about it — governance matters.

Yet, governance tooling has seen little innovation over the past hundred years, and most organisations rely on slow, opaque processes to reach consensus. The rise of Web3 presented exciting, new opportunities to evolve governance with blockchain based voting solutions. These allowed users to vote on decisions and have the results logged on a publicly accessible ledger. This restores trust in the process by allowing participants to audit results and understand how an outcome was reached.

It also dramatically improves the time it takes to reach consensus, by tallying results in real time. But many blockchain based governance solutions have problems of their own. The high transaction costs on popular blockchains present a fee for participating that deters most users from engaging. Additionally, the current user experience to engage with popular blockchains presents another barrier, with long serial-numbers as account names, the need to set up complex wallets, and more.

Decide by GoodBlock aims to take the benefits of blockchain-based governance and remove the barriers to entry by abstracting the fees away from the user and creating an easy to use user interface, among other benefits.

How an Open-Source Governance Engine Enabled Global Coordination

When GoodBlock CEO, Douglas Horn, wrote the whitepaper for Telos in 2018, there was a strong need for governance infrastructure which could allow the founding community to coordinate their efforts once the chain launched. Due to the global nature of the network, with contributors located around the world, the need for a neutral settlement layer for decision-making was obvious. It was with this in mind that GoodBlock designed Telos Decide, an open-source governance engine built on top of the Antelope tech stack.

Decide allowed community members to vote on funding proposals and governance changes in real-time, on a decentralised, fully verifiable blockchain. With near-feeless transactions, this tool greatly reduced the barrier to entry for on-chain governance, enabling community members of all economic backgrounds to take part and shape the future of network. The Decide engine solved a lot of the problems that surrounded other Web3 governance tools when it came to things like high transaction fees, long wait times for ballot finality and ease of use.

As it was released as an open-source piece of tooling, the Decide engine was also made accessible for other applications to leverage in new ways. The Telos community and other projects in the Antelope ecosystem continue to leverage the Decide engine as a means to reach consensus in a fair, decentralised manner.

Fostering Mass Adoption of Decentralised Governance with Decide Voter Mobile

With successful adoption by the Telos community, the GoodBlock team set out on a new and ambitious goal for innovating governance tooling: mainstream adoption of decentralised governance. It’s one thing to get a Web3 native user base utilising blockchain based tooling, but it’s a much bigger challenge to create a Web3 product that can be easily adopted by a lay-user who isn’t used to navigating this type of tooling.

In order to achieve this, the GoodBlock team designed the Decide Voter Mobile App, available on iOS and Android. The Decide Voter Mobile App takes the same technical infrastructure designed for the initial Decide governance engine, but improves accessibility, by allowing users to interface with it through an easy-to-navigate mobile app.

The goal of the app is to meet users where they are at, offering a familiar feeling UI, without requiring them to go down the rabbit hole of learning how to navigate complex Web3 tooling. As the Decide Voter Mobile App continues to evolve, GoodBlock’s goal is to make decentralised governance easy enough that even your grandma could participate in it.

Check out the video walkthrough below to get an idea of just how easy it is to sign in and start taking part in on-chain governance.

Levelling-Up Governance Tooling with Decide Enterprise

While still in the early stages of development, the GoodBlock team is already thinking of the next evolution of the Decide Governance Engine, Decide Enterprise. Decide Enterprise is a more robust solution that will meet the needs of governments, corporations, co-ops and other institutions where more control over the process is needed.

The enterprise solution will allow more granularity over how a poll can be set up and more security for sensitive types of decision making. Decide Enterprise will also serve another purpose, as a for-profit iteration of the tooling. This will allow development to continue to evolve for the Decide Suite, while keeping the basic functionality open source and accessible to everyone as a free, public good

Striving for Fairer Governance Tooling, One Ballot at a Time

At GoodBlock, we’re committed to reshaping governance for a brighter future. Join us on our journey to foster inclusive decision-making and drive societal progress.

Visit DecideVoter.app to learn more, and download the apps on iOS and Android. Follow us on Twitter and social media to stay updated on future releases, and to be notified of future Building Block articles. Together, let’s build a world where everyone’s voice is heard.

Building Blocks is a series where we look at GoodBlock’s work in leveraging emerging technologies to solve some of humanity’s biggest problems. In this article we’ll be diving into Decide Voter, a unique piece of tooling to facilitate fair and accessible democratic processes within communities.

Governance is broken and in need of a massive overhaul. The current methods in place for groups to reach consensus around a shared goal are plagued with problems like opaque processes, poor user experience, and voter apathy. This has led to a growing distrust in the democratic processes, no matter how well-intentioned the people may be that are utilising these systems.

GoodBlock is on a mission to solve this issue, with their innovative, decentralised governance tooling, Decide Voter. Keep reading to learn more about how this project aims to bring about a more optimistic future for consensus building.

A Growing Need for Fair & Accessible Governance Tooling

Technology has come a long way since society first began to utilise democratic processes for collective decision making, but the technology surrounding governance has remained more or less the same. This has caused increased distrust in processes that are integral to a society functioning properly. Whether the scenario is a smaller form of governance, such as a condo board, or larger scale, such as governing a nation state, there’s no question about it — governance matters.

Yet, governance tooling has seen little innovation over the past hundred years, and most organisations rely on slow, opaque processes to reach consensus. The rise of Web3 presented exciting, new opportunities to evolve governance with blockchain based voting solutions. These allowed users to vote on decisions and have the results logged on a publicly accessible ledger. This restores trust in the process by allowing participants to audit results and understand how an outcome was reached.

It also dramatically improves the time it takes to reach consensus, by tallying results in real time. But many blockchain based governance solutions have problems of their own. The high transaction costs on popular blockchains present a fee for participating that deters most users from engaging. Additionally, the current user experience to engage with popular blockchains presents another barrier, with long serial-numbers as account names, the need to set up complex wallets, and more.

Decide by GoodBlock aims to take the benefits of blockchain-based governance and remove the barriers to entry by abstracting the fees away from the user and creating an easy to use user interface, among other benefits.

How an Open-Source Governance Engine Enabled Global Coordination

When GoodBlock CEO, Douglas Horn, wrote the whitepaper for Telos in 2018, there was a strong need for governance infrastructure which could allow the founding community to coordinate their efforts once the chain launched. Due to the global nature of the network, with contributors located around the world, the need for a neutral settlement layer for decision-making was obvious. It was with this in mind that GoodBlock designed Telos Decide, an open-source governance engine built on top of the Antelope tech stack.

Decide allowed community members to vote on funding proposals and governance changes in real-time, on a decentralised, fully verifiable blockchain. With near-feeless transactions, this tool greatly reduced the barrier to entry for on-chain governance, enabling community members of all economic backgrounds to take part and shape the future of network. The Decide engine solved a lot of the problems that surrounded other Web3 governance tools when it came to things like high transaction fees, long wait times for ballot finality and ease of use.

As it was released as an open-source piece of tooling, the Decide engine was also made accessible for other applications to leverage in new ways. The Telos community and other projects in the Antelope ecosystem continue to leverage the Decide engine as a means to reach consensus in a fair, decentralised manner.

Fostering Mass Adoption of Decentralised Governance with Decide Voter Mobile

With successful adoption by the Telos community, the GoodBlock team set out on a new and ambitious goal for innovating governance tooling: mainstream adoption of decentralised governance. It’s one thing to get a Web3 native user base utilising blockchain based tooling, but it’s a much bigger challenge to create a Web3 product that can be easily adopted by a lay-user who isn’t used to navigating this type of tooling.

In order to achieve this, the GoodBlock team designed the Decide Voter Mobile App, available on iOS and Android. The Decide Voter Mobile App takes the same technical infrastructure designed for the initial Decide governance engine, but improves accessibility, by allowing users to interface with it through an easy-to-navigate mobile app.

The goal of the app is to meet users where they are at, offering a familiar feeling UI, without requiring them to go down the rabbit hole of learning how to navigate complex Web3 tooling. As the Decide Voter Mobile App continues to evolve, GoodBlock’s goal is to make decentralised governance easy enough that even your grandma could participate in it.

Check out the video walkthrough below to get an idea of just how easy it is to sign in and start taking part in on-chain governance.

<iframe width=”763" height=”429" src=”https://www.youtube.com/embed/TAsQPs82Ntg" title=”Decide Voter mobile app demo” frameborder=”0" allow=”accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share” allowfullscreen></iframe>

Levelling-Up Governance Tooling with Decide Enterprise

While still in the early stages of development, the GoodBlock team is already thinking of the next evolution of the Decide Governance Engine, Decide Enterprise. Decide Enterprise is a more robust solution that will meet the needs of governments, corporations, co-ops and other institutions where more control over the process is needed.

The enterprise solution will allow more granularity over how a poll can be set up and more security for sensitive types of decision making. Decide Enterprise will also serve another purpose, as a for-profit iteration of the tooling. This will allow development to continue to evolve for the Decide Suite, while keeping the basic functionality open source and accessible to everyone as a free, public good

Striving for Fairer Governance Tooling, One Ballot at a Time

At GoodBlock, we’re committed to reshaping governance for a brighter future. Join us on our journey to foster inclusive decision-making and drive societal progress.

Visit DecideVoter.app to learn more, and download the apps on iOS and Android. Follow us on Twitter and social media to stay updated on future releases, and to be notified of future Building Block articles. Together, let’s build a world where everyone’s voice is heard.

Originally published at https://goodblock.io.

Improving Governance With Decide Voter | Building Blocks was originally published in GoodBlockio on Medium, where people are continuing the conversation by highlighting and responding to this story.

The KOY Network, a high performance blockchain with the focus of providing a cutting edge financial and commercial network for African nations, businesses and people, has updated its business structure. While the project previously intended to both develop and operate the blockchain and also the commercial applications built on it, it is now apparent that these two lines of business are distinct and for reasons related to legal compliance and business efficiency must be separated in order each to reach their full potential.

Richard Erikodi will continue his role leading the business development of commercial applications including digital money and payment platforms that are legally registered with national central banks and other government agencies. GoodBlock Holdings, LLC will continue building on their expertise in creating a world class blockchain and super app that redefines ease-of-use for the entire blockchain industry and aims to empower growth across the African continent.

Allocations of KOYN tokens on the KOY mainnet will not be affected by this change and the KOY Network mainnet and testnet will continue to be operated by GoodBlock as usual. With this change, KOY Network will now be able to release its improved interfaces and features very soon. The token sale previously arranged with a major crypto exchange will continue as planned in Q1 of 2024.

More announcements will be released in the coming days including news of new interface releases, the date of the 2024 Project Roadmap video conference, and updated personnel for both organizations.

Hello, GoodBlock Systems Administrator Nathaniel here with an update on what we’ve done last quarter.

The Koy Network is up and running! Koy is a permissioned blockchain with a focus on supporting Africa and digital currency transition. Learn more about Koy here: https://koy.network/ . In partnership with DLT Technologies, we’ve brought an explorer to the Koy blockchain, found here: https://explorer.koy.network/?network=koyn . This project is has had a lot of good feedback and it has been a great challenge to provide Africa-based producer nodes and services. Blockchain is for everyone!

Leap 5 was in testing but has come out with a stable version. We’ve been testing with the Antelope Leap 5.0 version on the Telos Testnet Network to make it the fastest and feature rich blockchain product out there! Leap 5 stable is out! As stable rolls out, we’ll be among the first to adopt this new version on our main chains in the coming months.
Learn more about that here: https://eosnetwork.com/blog/leap-5-update/ . Get the latest Antelope Leap version to use yourself, here: https://github.com/AntelopeIO/leap/releases

We’ve separated our producing and seed nodes, and condensed all our producing nodes onto our “GoodBeast”, an AMD Ryzen 9 7950 with tons of disk space and running on nvme 2.0. This server’s block times are incredibly low, making us one of the fastest in the Antelope Leap blockchain ecosystem.

As always, you can find our services under one page, located here: https://goodblock.io/blockchain-services

What’s Next for KOY Tech: Improving the User Experience of Blockchain Financial Systems

It’s been more than a month since we initially announced our partnership with the KOY Network team, and since then a lot of exciting developments have taken place. In this update, we’ll get you caught up on all the latest technical developments that the GoodBlock team has been working on, in order to make the user experience on KOY Network as seamless as possible.

Before we get into things though, get caught up on what KOY actually is in our last three articles to learn all about how KOY Network plans to bring accessible financial technology to communities across Africa:

• Part 1: KOY Network Partnership & Impact
• Part 2: KOYN Tokenomics Innovations
• Part 3: KOY Technical Infrastructure

Keep reading to learn about the ways that GoodBlock is building KOY Network tooling for mass adoption.

Improving the Web3 Login & Account Recovery Process

Because a large demographic of KOY Network’s user base will be rural populations with lower digital literacy, it was important that the account sign up process be as easy as possible for the end user. At the same time, we didn’t want to make accommodations at the account level that might sacrifice security for user funds. Considering that KOY Network will be used primarily for government currencies and needs to comply with local regulations that protect the end user, it is important to make design choices that mitigate potential loss of funds. When it comes to Web3 tech, balancing ease of use with secure design is always a challenge, but we believe we’ve found what’s best for mass adoption.

A key piece to the improved user experience is a super easy sign-in process that will provide the option for either a Web2 or Web3 login. Users can use the same sign-in process across all tools and 5-character account names make it easy for anyone to remember and communicate their credentials for sending and receiving funds.

In order to ensure that user funds are kept safe, GoodBlock has developed a unique system for account security. First, private keys are generated within a secured, enclaved server that’s impossible to export. This means that no one, not even the KOY Network team can ever see anyone’s keys. Of course, advanced users or those coming from a Web3 environment also have the option to add their own predefined keys. Even when going that route, the KOY Network system and team will never be able to see what your keys are.

In keeping with the theme of a seamless user experience, the system has been designed in such a way that if you lose your key, you can still log in, but no one can see the key — not even you. If users believe that their account has been compromised, they don’t need to recover their private key — instead, they can simply generate new public and private keys to replace their previous keys. This is thanks to the unique features in Antelope tech that allow end users to reissue new account keys.

Designing a Block Explorer that Makes User Privacy a Priority

While leading the Telos Core Developers in 2022, Douglas Horn had initiated the design and development of the first open source block explorer in the Antelope ecosystem, called Open Block Explorer (OBE, affectionately known as “Obie”). To best align OBE for mass adoption, the KOY Network team worked in conjunction with Detroit Ledger Technologies to implement an easier, more attractive, and highly featured new version.

A key pillar of this design process was data privacy. Although it is a standard experience in Web3 environments for all of a user’s account information to be public for anyone to access, this is not the case in other types of financial tooling. Users coming from a Web2 environment rarely like the realisation that all their information is publicly accessible to anyone with access to a block explorer, which presents a strong barrier to entry. Additionally, because one of the KOY Network’s purposes is to serve as a financial network for government-licensed digital currencies, the project needs to comply with mandates and regulations of various countries, which would not allow this type of information to be stored in the open.

With this in mind the team is implementing its unique design to overcome these barriers. Key account information, like transactions, is stored on the blockchain, so that there is a public ledger. However, personal information is stored in another system that is associated with each account. A unified, permissioned API for all KOY Network tooling allows access to this mix of public blockchain data and private user data. Crucially, users control permissions to see their own information, but not the private information of others. This means that users can have an immutable ledger of their balances and transactions without that becoming public information to everyone else in the world.

These permissions will be extendible to other parties at the option of the account owners, and within the laws of each nation where KOY Network operates. With this in place, the block explorer will soon filter information and show the end user both their private information, as well as the publicly accessible information.

While these design choices may not be appropriate for public blockchains, they are the perfect solution for KOY Network. KOY Network is different from other blockchains in that it’s not a blockchain looking for use cases. Rather, it’s a pressing use case of African financial inclusion and advanced data networks for business that uses blockchain as a key component of the problems it solves.

It’s not enough to build technology that is designed to be accessible on the back-end; the front-end is in many cases the most important part to spend time on when it comes to improving the user experience. This is why GoodBlock is putting together an integrated platform of interfaces that will tie all of the features of KOY Network into a seamless application.

The application will be available as both a web app dashboard, as well as a native smartphone app for Android and iOS. The smartphone app is particularly important as smartphones are one of the primary ways that countries across Africa access the internet. The interface will have a social media feel to it, with a distinctive social avatar associated with each account. This will give users a way to identify themselves without making personally identifiable information public.

Any app on KOY Network can utilise these avatars to give them more personality and make the whole experience of interfacing with blockchain technology more accessible. Other gamification features will follow including optional badges, friend lists, messaging and account metrics aimed at solving problems around trust with largely anonymous accounts.

“This is the social-forward, mass adoption-minded blockchain interface that I have been wanting to implement for years,” says Horn. “In 2019, I designed a wireframe for a system like this that we can now finally offer real users. Once fully released, it will incorporate a number of user experience innovations I worked on along the way but haven’t had the opportunity to build into real products yet.”

Technical Innovation Continues to Flourish on KOY Network

Technical innovation and user experience remain at the core of KOY Network’s development. We’re committed to delivering a seamless and secure user experience while complying with regulations and preserving user privacy. Our journey is far from over, and we invite you to learn more on the KOY Network site and join the KOY Network Telegram community. Stay tuned for future updates and news by following GoodBlock on social media.

Join us as we pave the way for a more inclusive financial future with KOY Network!

GoodBlock Technologies develops apps and networks to support better access and greater autonomy for computer users worldwide, with a focus on solving real world problems. Some of our solutions include koy.network, decide® Voter app, and dstor.cloud. Learn more at goodblock.io.

KOY Network is a distributed ledger system designed to support smartphone apps serving Africa and its diaspora situated across the globe. Learn more at koy.network.

GoodBlock Website: https://goodblock.io/
KOY Network Website: https://koy.network/
Open Block Explorer: https://explorer.koy.network/?network=koyn

Social Media:
KOY Network Twitter: @KoyNetwork
GoodBlock Twitter: @goodblockio
dStor® Twitter: @dStor_cloud
decide® Voter App Twitter: @decide_Voter
Medium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktls

Originally published at https://goodblock.io.

What’s Next for KOY Tech: Improving the User Experience of Blockchain Financial Systems was originally published in GoodBlockio on Medium, where people are continuing the conversation by highlighting and responding to this story.

How GoodBlock is Innovating Blockchain Infrastructure in Partnership with KOY Network

Welcome back to another in depth look at the KOY Network, following the announcement of GoodBlock’s partnership with the network. In our first piece, we gave a high level look at what KOY Network is and its impact, as well as an overview of the partnership. Last week we dove deeper into the tokenomics of KOYN that GoodBlock helped conceptualise.

This week, we’re talking about technical infrastructure and how Douglas Horn, CTO of KOY Network and CEO of GoodBlock, is strategically designing the network with the goal of becoming one of the world’s fastest blockchain network. Keep reading for more details, and at the end we’ll be sharing more about an upcoming event with the KOY Team where you can learn more about this innovative and impactful project.

Taking GoodBlock’s Powerful Antelope Node & Turning It Up to 11

Because KOY Network is designed with the intent of powering financial transactions for the entire continent of Africa, ensuring that the technical design could handle a heavy number of transactions with high performance was a must. Thankfully, the protocol that KOY Network is built on, Antelope, is one of the industry’s leading protocols for performance and scalability, but the technical team at GoodBlock wanted to take things a step further. “Our high-availability infrastructure adeptly addresses three disparate challenges — namely, cost reduction, enhanced security, and augmented reliability,” said KOY Network CEO, Richard Erikodi.

GoodBlock has long been an expert in Antelope infrastructure, boasting the fastest block producer available across the entire Antelope ecosystem. This was achieved through a combination of cutting edge hardware and subtle refinements to the node’s settings. Mr. Horn also initiated and led the creation of the design of Telos EVM, which claims the title of the World’s Fastest EVM.

So, when GoodBlock’s Douglas Horn stepped into the role of the KOY Network’s CTO, he quickly realised that there was a unique opportunity to take this experience and apply it to his work on the KOY Network in a manner that was even more powerful than other implementations. This was achieved by designing KOY Network so that every node and the protocol built on top of them is optimized to similar specifications as GoodBlock’s super node.

“Public blockchains are built with heterogeneous infrastructure that sets a limit to the number of transactions per block that the slowest nodes can reliably validate. By employing a unified architecture of ultra-fast nodes, we can supercharge what Antelope.IO Leap is capable of to extreme levels, without introducing risk. In fact, this approach means KOY Network is more secure against some risks even than decentralized chains,” said Mr. Horn.

On other Antelope networks, this type of approach wouldn’t have been possible because the networks are public and allow anyone to deploy a network validator. Because of this, the underlying consensus mechanism of other Antelope chains needs to be optimized to the speed of a network’s minimum hardware requirements. However, the KOY Network needs to be a private chain, which gives the protocol engineers much more control over the specifications of individual nodes and how the software running on top of these nodes is optimized. With this in mind, the network can implement nodes in relevant countries that are all based on the same structure. Because of this, they won’t have to match the slowest node, as most other blockchain networks do.

Setting a Standard for Network Statistics with Sustained, Mainnet Transactions

While the network is still in its infancy, the technical design choices made are expected to allow KOY Network to achieve speeds that are up to 4 times faster than any other Antelope Network. This would garner KOY Network the title of one of the world’s fastest blockchain with the potential to achieve 40,000 Transactions Per Second in a burst test.

GoodBlock is also taking things a step further from the standard testnet burst tests that most other blockchains advertise. They will also be running sustained tests on the KOY Network mainnet, making it the first network to showcase this based on on-chain proof. The goal of this is to showcase that KOY Network is not only the fastest blockchain from a theoretical standpoint in test conditions but also under real-world scenarios. As these reports roll out, we hope to set a standard that other blockchains can replicate when it comes to promoting blockchain transaction speeds and throughput.

Join Us For a Closer Look at KOY Network

With the launch of KOY Network well underway, GoodBlock is extremely excited for everything to come over the next few months. To celebrate, we’re hosting a space with the KOY Network team where we’ll be diving even further into the most notable aspects of this partnership. Set a reminder to join us on October 13th at 16:00 UTC!

For details on acquiring KOYN Tokens, check out the KOYN Fair Sale:

The KOY team is currently conducting a token presale to give community members and those in the Antelope ecosystem an opportunity to acquire KOYN tokens at an attractive rate.

To further honor their roots in the Antelope ecosystem, they’ve initiated the #AntelopeAccess program. Through this program, individuals can join the KOY Telegram channel and exchange their Antelope-based tokens for KOYN.

Once the #AntelopeAccess program concludes, a Fair Sale will be launched on the koy.network website. During this Fair Sale, KOYN tokens can be purchased using USDT from the Ethereum blockchain.

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.

KOY Network is a distributed ledger system designed to support smartphone apps serving Africa and its diaspora situated across the globe. Learn more at koy.network.

GoodBlock Website: https://goodblock.io/
KOY Network Website: https://koy.network/

Social Media:
KOY Network Twitter: @KoyNetwork
GoodBlock Twitter: @goodblockio
dStor® Twitter: @dStor_cloud
decide® Voter App Twitter: @decide_Voter

Medium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktls

Originally published at https://goodblock.io.

How GoodBlock is Innovating Blockchain Infrastructure in Partnership with KOY Network was originally published in GoodBlockio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Solving Real-World Financial Problems with On-Chain Economic Innovations

Disclaimer: This article does not constitute financial or legal advice.

With the launch of KOY Network underway and GoodBlock as a key technical partner in that initiative, we’re excited to be rolling out a series of articles going into the details of how GoodBlock is driving innovation on KOY. In case you missed it, be sure to check out last week’s article where we give a high-level overview of KOY Network and the significance of the partnership with GoodBlock.

In this article, we’ll be diving deeper into the tokenomics that GoodBlock CEO, Douglas Horn, helped conceptualize and how these design choices are positioning the KOY Network to fill an important gap, not only in Web3 economic systems but more importantly, real-world financial markets. Keep reading to learn more about KOYN, the network’s native token and the unique utility that allows the ecosystem to facilitate multicurrency exchange without the liquidity inefficiencies of traditional DeFi exchange systems. We’ll also be diving into how the network mitigates asset volatility through unique functions, like a daily exchange rate and the KOYN Buy Back function.

If you still have questions, be sure to jump down to the bottom of this article for details on our upcoming AMA with KOY Network and GoodBlock.

KOYN Utility: An Atomic Intermediate Trading Token for Real-World Scale
The heart of KOY Network’s economic model lies in the KOYN token. Its primary utility is to serve as an asset facilitating the exchange of other tokenized assets, especially stablecoins from various African countries. Due to the private design of the KOY Network, the ecosystems exchange system can carry out unique functions that wouldn’t be possible on other protocols. “We are joining up Africa using one ledger on the KOY Blockchain Network, as financial infrastructure for Africa,” said KOY Network CEO, Richard Erikodi.

In traditional DeFi, if an ecosystem wanted to create multiple liquidity pools for various trading pairs, there would need to be separate pools for each pair. This creates a big market problem known as trapped liquidity, where one liquidity pool may attract most of an ecosystem’s capital, leaving others to suffer due to a lack of market-making. Since a core mission of KOY Network is to solve financial disparities between various countries across Africa, it was important that the network solve this problem. This is where GoodBlock was able to offer guidance, leveraging years of experience in tokenomic design, and landed on the true utility of KOYN — to serve as an Atomic Intermediate Trading Token between the network’s various financial actors.

That’s a lot of fancy words, but what does it really mean? Essentially, any time someone wants to trade Token A for Token B, rather than a direct swap, the smart contract first trades Token A for KOYN. Then that KOYN is traded for Token B. All of this happens under the hood, and the end user only sees Token A being traded for Token B. However, since KOYN is acting as an Atomic Intermediary, the capital being allocated to trading pairs is shared, not only between Token A and Token B, but also Token C, Token D, and so on.

Most interesting is that the only token a user can’t trade for through the network’s primary exchange contract is KOYN itself. There will be other avenues for interested parties to acquire KOYN and stake it to provide liquidity for this function, but within the context of a traditional layperson, they may not even know that KOYN exists. However, they will feel the impact that KOY Network brings to their day-to-day finances. What’s really exciting is that because the network is facilitating exchange between various currencies across Africa, the entire continent could see a massive increase in economic liquidity.

The utility of KOYN is demonstrated by the fees generated from token exchanges going into the rewards balancer contract, with the goal of sustaining the network. This could be quite a large amount of KOYN when one begins to conceptualize many countries across Africa all using it as a medium of exchange.

Lowering Volatility Through Daily Exchange Rates & Network Buyback Function
In countries across Africa, government entities set daily exchange rates for local currencies. The KOY Network will be adhering to these daily exchange rates, in order to ensure easy adoption at a local level. Similarly, there will be a daily exchange rate set for KOYN itself.

With this in mind, the network will have a fund where anyone who wants to sell KOYN will be able to do so at 5% below the daily rate. KOY Network will buy it and maintain enough reserves to make these purchases.

Knowing that you can always sell KOYN at a given price will help the entire KOY economy run smoother by lowering volatility. It also improves the user experience by ensuring that there is always a market for KOYN to be bought and sold.

Token Distribution & Staking Rewards

As with all Web3 projects that GoodBlock takes part in, it’s important that there is an equitable distribution of tokens from the start. KOY Network is no different, and the 1 billion KOYN tokens are planned to be distributed as follows:

• 100 Million for Founders, Advisors & Partners: To those who have been helping to launch KOY Network — vested over a 4-year timeline.
• 50 Million for Presale: Initial token presale.
• 350 Million for IEO: Initial Exchange Offering for public purchase.
• 150 Million for Ongoing Auctions: Distributed through transparent monthly auctions as part of the network’s tokenomic design.
• 350 Million for Staking Rewards: To be distributed to those who hold and stake KOYN for a set period of time.

The staking rewards are a particularly notable part of the KOY Network’s tokenomics; users will be able to stake their tokens into various pools with increased rewards the longer they stake. The staking rewards system gamefies the network’s liquidity creation over a long timeline, allowing applications to easily project the network’s economic viability.
Learn More about KOYN Tokenomics at our Upcoming Event
We hope you’re just as excited as us for the launch of KOY Network and its potential to revolutionize financial markets. If you’d like to learn more about KOY, head over to koy.network or check out our recent event with the KOY Network team.

We’ll also be hosting another event on October 13 at 16:00 UTC, so be sure to follow us on Twitter to stay in the loop on updates and other news.

For details on acquiring KOYN Tokens, check out the KOYN Fair Sale:

• The KOY team is currently conducting a token presale to give community members and those in the Antelope ecosystem an opportunity to acquire KOYN tokens at an attractive rate.
• To further honor their roots in the Antelope ecosystem, they’ve initiated the #AntelopeAccess program. Through this program, individuals can join the KOY Telegram channel and exchange their Antelope-based tokens for KOYN.
• Once the #AntelopeAccess program concludes, a Fair Sale will be launched on the koy.network website. During this Fair Sale, KOYN tokens can be purchased using USDT from the Ethereum blockchain.

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.

KOY Network is a distributed ledger system designed to support smartphone apps serving Africa and its diaspora situated across the globe. Learn more at koy.network.

GoodBlock Website: https://goodblock.io/
KOY Network Website: https://koy.network/

Social Media:
KOY Network Twitter: @KoyNetwork
GoodBlock Twitter: @goodblockio
dStor® Twitter: @dStor_cloud
decide® Voter App Twitter: @decide_Voter

Medium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktls

Disclaimer: This article is for informational purposes only and should not be considered as financial or legal advice. Readers should conduct their own research and consult with professionals before making financial decisions. These tokenomics are subject to change based on legal guidelines or requirements.

Originally published at https://goodblock.io.

Solving Real-World Financial Problems with On-Chain Economic Innovations was originally published in GoodBlockio on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello, GoodBlock Systems Administrator Nathaniel here with an update on what we’ve done last quarter. Summer was very stable.

We have dropped off the top 42 of Telos Block Producers. However, our hyperion and state history nodes will remain active and dependable as always.

We’ve begun work on the new Koy Network. Koy is a permissioned blockchain with a focus on supporting Africa and digital currency transition. Learn more about Koy here: https://koy.network/

Our nodes have had great success with Leap-4.0.3, but with Leap 5 on the horizon, soon we’ll be making the switch over to the latest and greatest! Learn more about that here: https://eosnetwork.com/blog/leap-5-update/

As always, you can find our services under one page, located here: https://goodblock.io/blockchain-services

Get the latest Antelope Leap version to use yourself, here: https://github.com/AntelopeIO/leap/releases

GoodBlock Partners With KOY Network: Bringing Scalable Financial Infrastructure to Africa

GoodBlock® is excited to announce their partnership in the upcoming launch of the KOY Network. KOY Network is Africa’s super computer, a distributed financial infrastructure, powering trade through payments, logic and other digital services. GoodBlock’s CEO, Douglas Horn, will be working in the role of CTO for the network, with GoodBlock offering technical support as the network evolves.

It’s an extremely exciting time for the KOY Network, with the Antelope Access program open for the foreseeable future. To celebrate this epic milestone for the ecosystem, GoodBlock is running a contest on our Twitter! Stick around to the end of this article to find out how you can win part of a 2000 KOYN prize pool!

Please note that nothing in this article should be construed as financial advice.

How KOY Network is Revolutionizing Digital Infrastructure in Africa
The KOY Network is positioning itself to solve some of the biggest financial problems in countries across the continent of Africa. Historically, the continent of Africa has been left behind by traditional banking systems despite the large amount of wealth created in the nation’s natural resources. Instead of the efficient banking system that Western countries are familiar with, the financial system in Africa is made up of a series of fragment monopolies across local jurisdictions, which benefit the companies providing the financial services, rather than the people using those systems. The user experience of these systems are also lacking, relying on old cellular networks, dated technology and long settlement times.

KOY Network aims to overcome these challenges, bringing cutting edge financial infrastructure to users across the continent. By operating as a private blockchain protocol, based on the powerful Antelope tech stack, KOY Network will allow local financial service providers to build financial applications on top of it, which abide with varying local jurisdictions. The network will then tie together numerous local economies across the nation in ways that have never before been possible. With the continent of Africa being home to the youngest population worldwide, KOY Network aims to capitalize on the opportunity to introduce leading financial services to young people across the nation.

“Africa is absolutely ready for the leap forward into Web3 commerce,” said Betty Waitherero, founder of GreenTrace.io. “Being the first chain built specifically for the African continent, I am hoping to see businesses that are built by African developers that specifically meet African needs and can work in our emerging economies. I see Koy Network providing the tooling and infrastructure to bring communication, financial technology and online economies to life for African people.”

How GoodBlock Designed the World’s Fastest Blockchain on KOY Network
GoodBlock is excited to be a part of the KOY Network launch team with GoodBlock’s CEO, Douglas Horn working in the position of the network’s CTO. With a strong background in both technical infrastructure and Web3 development, as well as a notable involvement in the launch of several groundbreaking blockchain projects, GoodBlock is well positioned to ensure that KOY Network emerges as a leading example of what is possible when cutting edge technology is combined with impactful real world use cases.

“Over the past 5 years, I was working on Telos, and we made a lot of functional economic innovations there. But those were solving the problems of 5 years ago,” noted GoodBlock CEO, Douglas Horn. “The problems of today are much different, and being able to use what I’ve learned over the past 5 years is an exciting opportunity. KOY Network is a really cool economic tool that allows us to solve a lot of new problems that would not be possible in any other system.”

A key part of GoodBlock’s role has been designing the technical infrastructure the KOY Network will run on. Of all Block Producers across the entire Antelope ecosystem, GoodBlock has the fastest validator available. This was achieved through a combination of leading hardware components and innovative software refinements.

On KOY Network, the GoodBlock team is able to take things to the next level, thanks to its private design. With public Antelope blockchains, throughput needs to be optimized to accommodate the speeds of the slowest node on the network. This puts a significant ceiling on the network’s ability to scale effectively. Because KOY Network is a private network, all nodes can be optimized to the maximum specifications for effective throughput.

The GoodBlock team plans to implement similar design choices to their public Antelope node across all private nodes on KOY. With this in mind, the team estimates that the KOY Network will be up to 4x faster than any other Antelope network. The team will also have the ability to prove this through dedicated mainnet tests as opposed to the testnet tests that other networks utilize. Additionally, this will be showcased with sustained speeds. The goal of all of this is to achieve the accolade of world’s fastest blockchain.

The Unique Economic Advantages of KOYN Utility
GoodBlock has also been heavily supporting the network through tokenomic design for its native token, KOYN. Under Horn’s leadership, the team has developed a series of notable economic improvements that will set the network apart from other economic systems, both in Web3 and traditional finance.

Perhaps the most notable design choice when compared to other Antelope chains is that KOYN is not an inflationary token. There is 1 Billion KOYN in existence and there will always be only 1 Billion KOYN. A key reason this is possible is because, unlike most other networks, KOYN is not utilized as payment for network validators. Instead, service providers will pay KOYN Network outside the system for the network resources. This allows the value of KOYN to be dictated strictly by its unique utility and not as a means to pay infrastructure providers.

The utility of KOYN is quite unique in that it acts as an atomic intermediate trading token for value exchange between local currencies in Africa. Again, thanks to the network’s private design, the economic system is able to achieve new functions that are not possible on public blockchains, with transaction rewards being returned to token holders through staking rewards. Also unique to KOYN is a fund where, every day, KOY Network sets a daily price for KOYN, based on government exchange rates in local jurisdictions across Africa. This fund will then be available to buy back KOYN at 5% below the daily exchange rate. This is part of an automatic fund that will grow overtime in order to maintain reserves for this function. This greatly reduces the volatility of KOYN, making it even more effective from a utility standpoint. Between the lack of an inflationary mechanism, the ability to sell KOYN back to the network at any time, and an attractive staking rewards program, GoodBlock designed KOYN to stand out when compared to other network tokens.

KOYN Token Fair Sale
We’ve had many people in our community and the Antelope ecosystem asking how they can acquire the KOYN token that powers the network. The KOY team is currently running a token presale to allow those interested to access the token at a competitive rate.

In order to honor the founders roots in the Antelope ecosystem, the team is running #AntelopeAccess, a program where people can join the KOY Telegram channel and swap their Antelope based tokens for KOYN. Once that program ends, a token sale — called Fair Sale — will be opened up from the KOY Network website, which will take USDT from the Ethereum blockchain.

Join the #KOYNLaunchParty for a Chance to Win 200 KOYN!
To celebrate the launch of KOYN and GoodBlock’s involvement in the upcoming launch of the network, we are running a contest for our community! We will be giving away 10 prizes of 200 KOYN.

Here’s what you need to do to enter for a chance to win:

• Go to koy.network and learn all about what makes KOY so unique.
• Head to our X Profile and find our pinned Tweet.
• Like the Tweet.
• Comment on the Tweet and Tag 3 Friends.
• Quote Tweet the Tweet, and write what you love about KOY Network with the hashtag #KOYNLaunchParty.

Each action will grant you one additional entry in the contest, which will run from September 26 to October 3 at 4:00pm UTC, and winners will be announced on October 6.

The #KOYNLaunchParty is Just Getting Started!
We hope our community is just as excited as we are for this new milestone in Antelope innovation. GoodBlock is grateful to be a part of such an epic project alongside a talented community of builders. Stay tuned for more articles soon where we’ll be diving into both the economic design and technical advantages of the KOY Network, as well as the massive impact it will have on the continent of Africa.

Don’t forget to take part in the #KOYLaunchParty contest for a chance to win 200 KOYN. If you don’t win, those interested will still be able to acquire KOYN through the KOYN presale, which is coming soon.

Be sure to follow GoodBlock on Twitter to stay in the loop on all the latest news from KOY Network, dStor, decide and more.

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.

KOY Network is a distributed ledger system designed to support smartphone apps serving Africa and its diaspora situated across the globe. Learn more at koy.network.

GoodBlock Website: https://goodblock.io/
KOY Network Website: https://koy.network/

GoodBlock Social Media:
GoodBlock Twitter: @goodblockio
dStor Twitter: @dStor_cloud
decide® Voter App Twitter: @decide_Voter

Medium: https://medium.com/goodblock-io
LinkedIn: https://linkedin.com/company/goodblock
Telegram: t.me/goodblocktls

KOY Network Twitter: @KoyNetwork

Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as financial or legal advice. Investing in cryptocurrencies and blockchain projects involves risks, and readers are encouraged to conduct their research and seek professional advice before making any financial decisions. GoodBlock and KOY Network do not endorse or provide investment recommendations for any specific cryptocurrency or token.

Originally published at https://goodblock.io.

GoodBlock Partners With KOY Network: Bringing Scalable Financial Infrastructure to Africa was originally published in GoodBlockio on Medium, where people are continuing the conversation by highlighting and responding to this story.