[ICO REVIEW] Jura Network - to disrupt traditional blockchain with integrated solutions

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Jura Network will combine DAG from IOTA with block lattice from Nano, integrated with algorithms to confront common attacks

Since the dawn of blockchain, many innovative ideas have been put forward in order to improve the first nominated blockchain - bitcoin. Ethereum along with the introduction of smart contract in 2015 ushered in a new era of  blockchain 2.0. However, both of them are still lost in the blockchain trilemma: Decentralization, Security & Scalability. There are many projects that have tackled these problems by proposing new consensus algorithms like Stellar, EOS, Filecoin, Genaro; or new data structures like IOTA, Nano. Jura is one of ICOs that also wants to disrupt this old trilemma with new solutions.

Jura Network technology

In order to define whether Jura Network can succeed and compete with these big boys above, let’s take a look at Jura technology and its feasibility.

The core of Jura network is the FUSUS data structure which is a modification of DAG structure from IOTA. (To understand what is IOTA, you should watch this video)

Below you can read a simple comparison for better understanding:

 

Data infrastructure

Blockchain

  • Data about transactions is “wrapped” in a block after confirmation and validation

DAG (also called tangle)

  • Data is stored in the form of structured clusters as all transactions are connected with each other (like a tangle). Each transaction is one site. It has to verify two other transactions and wait for confirmation from two other sites.
  • Example: IOTA, COTI
  • For your reference: you can also check this graphic illustration for easier visualization and read COTI review

Block lattice

  • A type of DAG in which users have control over their own blockchains. A transaction that makes changes in account balance of sender and receiver will be recorded on their individual blockchain. These information will be synchronized with the whole network
  • Example: Nano

FUSUS

  • Modification of DAG and block lattice, with the flexibility to switch depending on traffic. Jura works as a blockchain when traffic is low and turns into a tangle at rush hour. Each account has its own blockchain for tracking account balance. Moreover, each account  will be confirmed by its private key.

With this structure, Jura can achieve scalability and transaction speed at the same time. The more traffic Jura gets  the faster its network becomes.

As you may know, original DAG faces many problems even if it’s faster than blockchain, for example weak security under low traffic and higher chance for double spending attacks. However, FUSUS can avoid such a risk by adjusting automatically between blockchain and tangle in accordance with network traffic. Moreover, Jura uses Proof of Verifiable Random Time (PoVRT) to prevent spamming attacks during high traffic time.

Jura Network, DAG, tangle, IOTA, Nano, block lattice, COTI, FUSUS, PoVRT, PoU, sharding, DMDS, Jura, QLC, blockchain, Stellar, EOS, Filecoin
Jura Network overview from Jura Network website

Other technologies that we need to understand:

  • Proof of Utility (PoU) Consensus Mechanism: a type of PoS which measures accounts’ credibility score to assign vote power based on stake size, age of account, stake time, last staking.
  • Dynamic Monitored and Distributed Sharding (DMDS): sharding is a way to improve network efficiency by dividing database into many layers for faster process. Ethereum is also trying to integrate sharding into Casper protocol in its transition from PoW to PoS. In Jura network, DMDS contains three layers, namely routing layer, authorisation layer and monitor layer. Based on credit point, routing layer will allocate tasks to the network. These other two layers will validate and supervise all activities.
  • Using AI to optimize operation and allocation (more on that later)

In short, Jura try to fix blockchain drawbacks by putting several methods together:

  • FUSUS for scaling up and speed
  • PoVRT and PoU for security and resource saving
  • Sharding for scaling and resource saving
Jura Network, DAG, tangle, IOTA, Nano, block lattice, COTI, FUSUS, PoVRT, PoU, sharding, DMDS, Jura, QLC, blockchain, Stellar, EOS, Filecoin
FUSUS at low traffic and high traffic from Jura Network website

We will evaluate investment opportunites of this ICO in the next article. Stay tunes!

Written by nami.today

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