[ANN] [BigSurDAO] DAO-Scalable Blockchains- POS- Concurrency execution[Devnet]

[ikky_69]

BigSurDAO

Enter The BigDAO

Whitepaper

BigSur’s vision is to create an advanced L1 blockchain platform that addresses the challenges currently faced by Web3 developers and users while also preparing for future trends in hardware and software, namely massive parallelism. A process calculi-based programming language has been developed as the computational model for the blockchain’s Virtual Machine (VM) to achieve this. This programming language explicitly exposes concurrency and offers tight resource tracking at a calculus level.
BigSur is a novel layer-1 blockchain platform, designed from the ground up to support decentralization, on-chain data storage, security, economics, and the scaling needs of Web3.
Furthermore, our smart contracts can be formally verified using our programming language, Rholang, due to the adoption of the process calculus as our computational model.
This language model enables concurrent and parallel execution of smart contracts, facilitating effective composition. Drawing on the latest research from the reflective higherorder calculus (Rho-calculus), our programming language addresses a series of challenges that have hindered blockchain platforms from achieving mainstream adoption.
The platform features a unique conflict detection algorithm, which is complemented by a newly developed proof-of-stake consensus algorithm, currently named ‘Weaver’. This
algorithm is being developed and finalized by the BigSur core development team.
Our objective is to enable concurrent state transitions to achieve execution scalability.
The consensus algorithm, under active development by our core developers, is tailored to meet this goal. We are moving away from the paradigm of total ordering of blocks, which leads to sequential execution. Instead, we are focusing on making execution concurrent first and then aligning the consensus algorithm to support this mode of execution.
Once implemented, this approach will allow all nodes to produce and verify blocks concurrently, thereby achieving single-shard scalability. We also aim to minimize the volume of messages circulating in the network. To this end, consensus decisions are computed solely on the local copy of our directed acyclic graph (DAG).

Tokenomics

There are two utility tokens empowering the BigSur Ecosystem. The first token, "BIGSUR,"is the governance token for the BigSur DAO. This token is currently issued on Solana and serves as the decentralized governance token for the development, support, and operation of the upcoming BigSur Network mainnet launch. The DAO governance voting power is based on the amount and duration of locked "BIGSURDAO" tokens.
The second token, "BIGSUR" is the native utility token for staking, securing the network, and paying for smart contract execution on the BigSur Mainnet. We aim to launch the Mainnet by the end of Q2 in 2024. The token emission of "BIGSUR" follows a similar pattern to the proven emission models of Bitcoin or Kaspa POW chains.

Name BigSur DAO Token
Token Name BIGSURDAO
Token Type Utility
Utility Description DAO Governance
Initial Token Supply 1,434,210,555
Max. Token Supply 1,434,210,555


Name BigSur Mainnet Token
Token Name BIGSUR
Token Type Utility
Utility Description Mainnet Token
Initial Token Supply 1,434,210,555
Max. Token Supply 10,000,000,000

Fundraise DAO Token

There are currently four offering rounds related to the "BIGSURDAO" utility Token. The Family & Friends and Angel fundraise rounds are closed. The ongoing offerings are Series A and the community offering. If one round is oversubscribed, the next round with a higher strike price becomes applicable. The vesting schedule (release of tokens) for the funding rounds is outlined in Table 2. The release function is defined by a linear function.
The "BIGSURDAO" token is currently available on decentralized exchanges and is locked after purchase on an exchange by the individual on our DAO for the purpose of voting on proposals. It is important to note that while our "BIGSURDAO" token is currently transferable, our "BIGSUR" Mainnet token will not be issued until the mainnet is fully launched.

If you would like to participate in the fundraiser, send a message on Twitter and the team will respond to you as soon as possible.

Roadmap

The devnet has been active for several months and offers exceptional performance with only 4 nodes, thanks to our concurrent execution model and the work of our development team.
The testnet is fast approaching and performance will be even better.

Devnet performances

Performance almost 100 blocks and 20,000 comm/events per second with only 4 nodes.