Diora is currently under heavy development and subject to change
Diora Network is a incentivized smart contract parachain, utilizing advanced PoSM with Double Validation & Randomization for security guarantees. Diora is built with Substrate which natively supports EVM, WASM (soon) and a multi-layer sharding scaling solution if needed.
We are revolutionizing how blockchains are developed and how core foundations are organized within the space. Were the developers, investors, artists and users are all unified for the sole cause of creating a blockchain that is decentralized at every point and focuses on a building a network of shared rewards. We embody a movement of freedom where the future is fair and developers can benefit from their contributions and designs remotely from anywhere in the world!
The main goal of Diora Network is to foster an array of diverse and sustainable cross-chain applications by empowering and rewarding developers that build on the network with baked in incentives and rewards. More specifically, we are constructing an efficient and fully decentralized consensus protocol.
Baked into the network itself, Diora rewards developers based on the value and impact of their dapp, rather than their close association or connections to capital. Unlike existing versions of older layer 1s, where tokens are mostly concentrated in the hands of the first few early participants, Diora is designed to be shared across all contributors, users and stakeholders. Meaning the very talented creators and developers who are building on our network get a true stake in the growth and governance of the network itself.
Diora Network proposes the Proof of Stake Masternode (PoSM) consensus, which is a PoS/PoW hybrid consensus protocol with a fair voting mechanism, rigorous security guarantees, and uniform probability eventually. we apply PoSM with voting and Double Validation to create, verify and vote for blocks smoothly and efficiently. Whenever potentials of fork branches are detected, we employ the idea in PoW to select the longest branch with the most votes and discard the other branches. With this hybrid approach, PoSM does not only increase the performance and security of blockchain, but also reduce the fork situation in an efficient and practical manner. DPoS is similar to PoSM in the sense that masternodes (Validators or witnesses in DPoS) are elected through a voting system. However, Diora requires that masternodes need to deposit a required minimum amount of DIOR to become a masternode candidate, which puts more pressure on the masternodes to work honestly. Furthermore, the Double Validation mechanism lowers the probability of handshaking attacks and having invalid blocks. With a maximum of 150 masternodes elected (and this number of masternodes can be changed based on the decentralized governance through voting)
To scale our infrastructure further, we have presented our sharding proposal for uniquely integrating multi-layer sharding into our current architecture and consensus. The implementation of sharding our chain is still just a idea and we will look to enable it in Q1 2023, after a smooth Diora Network launch. Besides sharding, we are actively researching scalability solutions like ZkProofs, Rollups, EVM parallelization and Plasma. New scaling techniques will be evaluated before being integrated into Diora's masternode architecture.