MONET brings decentralization and easily scalable blockchains to mobile devices.
MONET is an open network architecture, materialized by a set of software tools and protocols, designed to address this matter.
It's building a free and open-source Software Development Kit (SDK) which enables developers to add blockchain consensus to their applications. It introduces a new paradigm whereby users dynamically join or form local blockchains for the duration of their interaction, and eliminates the need for servers. Ephemeral by nature, these mobile ad hoc networks only exist for the duration of a group’s activity; following this temporary collaboration, participants are not required to stay online to support other users. The SDK implements the Babble consensus system which is particularly suited for mobile deployments due to its low messaging complexity.
The three challenges for mobile P2P applications are:
The MONET Hub is an always on master blockchain that provides infrastructure services for the first applications on the network. It is composed of multiple independent nodes operated by a group of validators engaged in a Proof of Stake consensus mechanism. Each node runs an instance of the Ethereum Virtual Machine (EVM) coupled with Babble, where Smart Contracts can be deployed to provide services such as peer-discovery, ID directories, financial ledgers, lightclients for other blockchains, and much more. Each validator also operates STUN and TURN servers to facilitate NAT traversal.
The Hub is implemented on a blockchain, rather than privately operated servers, because this affirms MONET’s decentralised nature; it is a distributed and faulttolerant network with no single point of failure. Anyone can become a validator on the MONET hub, provided they participate in the consensus algorithm and the Smart Contract layer. Moreover, anyone is free to create their own hub or deploy any other solution to support their applications.
The key components of MONET architecture are:
Bringing it together:
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
Private Pre-sale —
20 Jul 00:00 UTC