Can you provide more details about the coin specifications?
From WhitepaperFLASH Architecture Overview
FLASH is a premined, permissioned blockchain, based on the original
Bitcoin/litecoin blockchain. It has been optimized for several very specific
1. High performance. Transactions settle in less than 2 seconds.
2. Highly secure. A number of security flaws with the original bitcoin
blockchain have been patched. The platform has been enhanced with
Curve25519 Elliptic Curve encryption. All communications between
wallet and blockchain are in secure EC tunnel with curve ZeroMQ.
3. Commercial scale throughput capability. The FLASH platform has
been successfully tested at 25,000 trans/sec. Based on our lab tests
we are confident that the platform can be optimized to well over
100,000 trans/sec in the near future, if the need arises.
4. A legally compliant model, with capability for AML and KYC when
required by local authorities as well as an antifraud system.
5. A key recovery system to prevent loss of keys.
In order to reach these critical metrics for wide scale use by millions of
participants the FLASH platform is based on the principles of a
permissioned blockchain. The platform leverages both the existing
enterprise hardened distributed database technology with blockchain
technology characteristics, decentralized control, immutability and creation
and movement of digital assets. FLASH has premined 900 billion coins
which will be distributed over the course of two years.
The FLASH system builds upon three tier application platforms. Like most
standard systems we have User Interface, Communications, and
Business Logic / Storage tiers.
The User Interface Tier enables the end user or application to interact
with the FLASH System. The FLASH platform leverages HTML5, CSS3
cross browser support. We have developed and adopted all technologies
addition, the FLASH System uses Twitter Bootstrap to provide a responsive
web framework that works on any device.
The Communication Tier enables a secure tunnel between the User
Interface Tier and the Business Logic / Storage Tier without the need for
OpenSSL. The secure protocols used by the FLASH includes:
HTTP / Web Sockets using Curve ZeroMQ and Libsodium. Our work in the
area of communication also means that we are an early adopter of new
The Business Logic / Storage Tier enables all of the transaction flows,
business logic, and networking systems to be stored and operated within
this layer. This tier is responsible for executing proprietary algorithms to
store in the distributed database, which power FLASH.
● The Key Exchange Cluster is a horizontal cluster of servers that provide
key exchange or key lookup for every transaction on the FLASH System,
like a directory. Due the nature of cryptographic key pairs on the Bitcoin
transactional system, every transaction requires a public wallet address
lookup. Key exchange needs to act as the public address registrar. The
Key Cluster also allows currency exchange, messages, public escrow and
other information flow among peertopeer wallets. The message engine
has enabled logging and notification of all activities on the wallet
communication using Sendgrid email notification. The Key Server uses
NodeJS, ZeroMQ, Redis, and MySQL.
● The FLASH Wallet Application is a horizontal scaling server application
that enables all FLASH Wallets to be used from different Web Browsers.
The FLASH Wallet Application has most of the Bitcoin Wallet
functionalities and key exchange functionalities. It’s a virtual online wallet
using the HTTP Protocol / Web Sockets.
● The Key Storage System uses cryptographic algorithms to secure the
Bitcoin Private Key in multiple locations with a combination of online and
offline (future) storage. We're using Shamir's threshold secret sharing
shcme, in which one share is kept by the user. When recovering private
key, user needs to provide his share.
● The Web Service API Servers preprocess, convert and index all the
FLASH transactions from the Web Interface and send them to the
blockchain. This significantly speeds up the transactions as each wallet
doesn’t need to sync all blocks from the blockchain’s local server. All
wallets can share the blockchain on the Blockchain API server. This
improves the transaction performance significantly due to the reduced
network latency for each wallet synchronization. Another very important
aspect of the technology is the significant reduction in the possibility of
“double spending". All blockchain transactions are indexed, preprocessed
and validated through the Gateway Server in a manner similar to Bitcoin.
● The FLASH Blockchain is a fork of Litecoin technology. A number of
significant modifications have been made. The settings have been changed
in order to speed up the transactions to the blockchain. All the coins have
been premined and the mining has been reset to the minimal degree of
difficulty factor. The blockchain is secured behind firewalls in multiple
secure data centers. Traditional consensus along with intrusion detection
is used to prevent the blockchain from being taken over by an attacker.
The purpose of the FLASH Blockchain is to replace the traditional
transactional database with a network storage database and include an
endtoend security data structure.
• Transaction Fees are set to one FLASH coin per transaction, these fees
may be raised or lowered in the future, depending upon demand.