Blockchain knowledge platform Streamr has formally launched a brand new open-source ethereum scaling expertise known as Monoplasma.
Impressed by a pre-existing scaling answer known as plasma, Monoplasma is totally different in that it focuses particularly on “one-to-many funds” during which customers would wish to “repeatedly distribute worth to a big and dynamic set of ethereum addresses,” defined Henri Pihkala, CEO of Streamr.
Chatting with CoinDesk about use instances for the expertise, Pihkala stated Monoplasma isn’t nearly income sharing. Fairly, the expertise is envisioned for open-source decentralized functions (dapps) seeking to incorporate “dividend distributions, staking rewards, repeated airdrops,” and extra.
Demonstrating the facility of Monoplasma on stage, Pihkala confirmed how the software can be utilized to drop small quantities of faux “unicorn” tokens into 100,000 addresses on a check model of the ethereum blockchain.
Marketed as a “special-purpose off-chain scaling answer,” Shiv Malik, head of communications for Streamr, likened the expertise to “broadcasting cash.”
“You may obtain cash, however you possibly can’t ship again the opposite means. That may be like making an attempt to ship a message to your TV,” Malik stated.
As such, no double spends – the place tokens are primarily counterfeited – are capable of happen on a Monoplasma fee channel. “On the aspect channel, you possibly can solely earn cash,” emphasised Pihkala.
Unidirectional Monoplasma funds system. Picture courtesy of Streamr.
Streamr intends to make use of the expertise to crowdsell consumer knowledge on a blockchain. As soon as knowledge from customers is bought to a bidding firm, fee will straight be pushed into customers’ ethereum addresses.
Revealed final Might, Streamr has partnered with plenty of tech conglomerates together with Hewlett Packard Enterprise and Finnish telecom firm Nokia.
Now, all ethereum builders are inspired to check out Monoplasma by downloading the general public code repository on GitHub.
“If another person finds use in [Monoplasma] that’s superior, that’s what makes us comfortable. However on the very least, we’re going to construct on high of it – that means [Monoplasma] is going to be effectively maintained. It’s not about to be deserted anytime quickly.”
Correction: The stay demo of Monoplasma at ETHDenver demonstrated transactions pushed to 100,000 addresses, not 200,000.
Streamr emblem through CoinDesk archives