MARK BLOCKCHAIN

Fast, energy efficient, cost effective and safe to use

Q4 2019MARK Blockchain will be a next generation blockchain that will not only be fast, energy efficient and cost effective, but also safe to use. A dedicated network of server nodes will ensure the smooth operation of the blockchain and its transactions.

Scalable up to millions of transactions per second, the MARK Blockchain transaction fee will be the equivalent of about $ US 0.001 / per transaction (approximately 0.0009 Euro).

The payment at point of sale or by app should be done in seconds, much faster than with current major payment methods. The confirmation of the transaction will be done by Delegated Proof-of-Stake (DPOS), because it’s speed, efficiency and decentralization. The blockchain will support Masternodes as well as easy to use and deploy smart contracts.

Blake2b

Compared

Algorithms


Identify the node who has created the block:

 

 


Compensation for the node to add the trans-action to the blockchain:


Chance of a 51% attack:

 

 

 

 

DPoS (Delegated Proof of Stake)


Calculation through mathematical functions. Also by confirmation of the latest copy storage of the ledger.


Calculated automatically and depends on the commission for the operation set.


Unlikely, there is a necessity required to get full ledger on the resources and calculation computer power, also the choice of trusted nodes is dynamic.

PoW (Proof of Work)


Through a repetitive calculation of mathematical functions with a dynamic complexity.


Dynamic, depending on the utilization of the network.

 


Probable, but that would be very expensive in terms of the resources needed.

 

 

PoS (Proof of Stake)


Search through competing nodes of maximum stack.

 

 


Dynamic, depending on the utilization of the network. 

 


Probable, but very expensive to increase the own stack.

 

 

TECHNICAL DETAILS

Signing algorithm:

Security first. For the MARK blockchain we chose to use the more advanced elliptic curves (EdDSA) signing algorithm Ed25519, for better security than with ECDSA and DSA and very good performance. This algorithm is used to generate key pairs, which are cryptographically protected.

While we are using the BLAKE2b hashing algorithm to protect the network of nodes against network spam, MARK Blockchain is using Ed25519 to generate the private key and the public key for MARK Blockchain wallets.

Why does our blockchain require such an effort? We wanted to create a blockchain which is incredibly secure due to the vulnerability of conventional computers. Only large, future quantum computers could possibly come close to breaching the MARK Blockchain.

We will continue to work towards staying head technically in order to provide very secure transactions.

(Online-Reference: D. J. Bernstein, N. Duif, T. Lange, P. Shwabe, and B.-Y. Yang, “High-speed high-security signatures,” 2011. Available: http://ed25519.cr.yp.to/ed25519-20110926.pdf)

Hashing algorithm:

Security first. For the MARK blockchain we embed the Byzantine Fault Tolerance (BFT) consensus, to check the node functionality checksum. On a node the BFT algorithm sends incoming messages to other nodes of the Peer-to-Peer (P2P) network to rule out the issue of Byzantine nodes.

(Further information: https://en.wikipedia.org/wiki/Byzantine_fault_tolerance)

We are using the BLAKE2b hashing algorithm because of it’s high speed, security, and simplicity. BLAKE2b is a cryptographic hash function, optimized for 64-bit platforms (including NEON-enabled ARMs), faster than MD5, SHA-1, SHA-2, and SHA-3, yet it is as secure as the latest standard SHA-3. It produces digests of any size between 1 and 64 bytes.

(Online-Reference: J.-P. Aumasson, S. Neves, Z. Wilcox-O’Hearn, and C. Winnerlein, “Blake2: Simpler, smaller, fast as md5,” 2012. Available: https://blake2.net/blake2.pdf)

Consensus algorithm

Security first. For the MARK blockchain we are using the Delegated Proof of Stake (DPoS) consensus algorithm to maintaining irrefutable agreement on the truth across the network to validate it’s transactions. DPoS uses a reputation system and real-time voting to achieve consensus, it is a more decentralized protocol with a democratic, self-governing community, free elections, and overarching legitimacy. Delegated Proof of Stake is the fastest, most efficient, most decentralized, and most flexible consensus model available today.

(Further information: https://steemit.com/dpos/@dantheman/dpos-consensus-algorithm-this-missing-white-paper)

MARKET DISTRIBUTION

360 million MARK will be generated (Total Supply)

It is planned to place 360 million MARK (100%) on the market over time (Market Supply).

MARK has no direct technical connection to the TRC20 Token MARKToken. The growth of MARK is to be funnelled back to accelerate the successful expansion of the individual business units of MARKNetwork Inc..


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ADDRESS:

MARKNetwork Inc.

16192 Coastal Hwy

Lewes, DE 19958

United States of America

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