AMA Recap D’va with The PlatON

Thank you to the D’va Community forparticipating in Ask Me Anything(AMA) with PlatON on July 31, 2020. With Head of Community (Kai Yu). If you were unable to join the live AMA, no worries. you can read more here.

Kai Yu:
Let’s go

Dive Ace:
We are glad to meet here
kai Yu @KaiYu_PlatON, Head Of Community

How are you feel today?

Kai Yu:
Hello,everyone, I’m Kai Yu

I’m fine. Thank you.

Dive Ace:
Our community hopes to talk and learn more with the PlatON

Kai Yu:
OK, I’ll try my best to share

Dive Ace:
let’s move to Segment 1

Dive Ace:
Q1 : Can you introduce PlatON and yourself to the community?

Kai Yu:
Previous to join PlatON in 2018, I’ve been devoted myself to the publishing and operation of game for two decades.

PlatON aims at serving as the infrastructure for privacy-preserving computation network and distributed economies. After years of researches and development, we’ve already been a top player in the global privacy-preserving computation field, and an infrastructure supporting massive data asset transaction with our years of experience in Finance, High-tech, AI, etc.

Regarding privacy-preserving computation, we focus on providing the solutions for the industries that have strong demands on data sharing and collaboration computing.

Data is the new-generation production factor, and privacy-preserving computation will definitely be the core of infrastructure of the whole digital era in the near future.

Blockchain, born to be a financial infrastructure, aims at facilitating the circulation of data assets. It is a super clearing house for cross-ID, cross-account, cross-institute and cross-industry, and a revolutionary governance model.

PlatON will keep devoting itself to the core technologies and economic model of blockchain, and diving into the core applications for the super infrastructure based on privacy AI.

Finished. Thanks a lot.

Dive Ace:
Thanks for answering the first question

next question 😊

Dive Ace:
Q2 : Can you share the strengths of PlatON that make PlatON stand out?

Kai Yu:
OK

I think our biggest strength is that we have a team with solid background in both academics and technologies. With years of experience in both finance and blockchain areas, we are bullish about the value and future of blockchain, and we are capable of making blockchain the infrastructure for the whole digital world in the near future.

Dr. Feng Xiao, PlatON Founder and Wanxiang Blockchain Chairman & Founder, is an advocate and the godfather in the Chinese blockchain industry, and also an early investor of Ethereum. Mr. Lilin Sun, Founder and CEO of PlatON, is a pioneer in Chinse Fin-tech field and also an advocate & sponsor of computational complexity theory such as ZKP, MPC, HE, algorithm game theory, etc. Mr. Xinjun Liang, PlatON Chief Advisor and Fosun Group Co-founder, is an economic leader in China.

Over the past four years, we keep investing on cryptography and have achievements on the leading technologies and engineering of cryptography.

Thus, our core strengths are:
1.Finance: solid background and resources;
2.Engineering: strong software engineering system and implementation capabilities;
3.Development of Privacy AI: investment on the development and business practice of privacy AI for over 4 years;
4.Business: rich experience in business operation and marketing collaboration

Finished. Thanks a lot.

Dive Ace:
It’s very detailed, thank for your answer, next question

Dive Ace:
Q3 : Can you share the achievements and main milestones of PlatON?

Kai Yu:
OK

Currently, we are close to the final stage of main net development, and focus on the drill and optimization of our new test net launched on Feb.20, 2020. Our validators and community members all get involved in different events and tests to deeply get familiar with PlatON’s economic, governance mechanism and technologies, and have helped find out the vulnerabilities and issues at the same time. Security and stability are the top priorities for our main net.

Plus, we launched world’s first privacy AI framework that helps developers easily deeply get involved in Tensorflow and privacy-preserving computation, and helps build the next generation data bank service. We are working on forming collaborations with commercial banks and insurance institutes.

Furthermore, after our Grants program was announced in early 2020, we’ve funded around 10 promising projects in privacy-preserving computation and blockchain fields to complete PlatON ecosystem.

Finished. Thanks a lot.

Dive Ace:
Thank you for answering it, I hope you have prepared a coffee to answer the next question 😅

next question 😊

Dive Ace:
Q4 : Can you share the latest developments and further plans of PlatON?

Kai Yu:
It‘s only 9pm here😄

Performance, security and stability are the top priorities for the announcement of our main net. Since the launch of our new Baleyworld test, we’ve gone through all kinds of function tests, exception tests, security tests, governance drills, and stress tests under the testing environment that simulated and reproduced all risks and issues that would occur on the main net.

The overall performance, according to the test reports, is satisfying. Even when dealing with complicated smart contracts, the TPS can reach 2000 or so.

In addtion, according to the report of new round of security audit finished by SlowMist, we’ve ensured the absolute security of PlatON network with high-quality code.

For us, the prime targets are to announce our main net in Q3, 2020, and enhance our community. Just stay tuned for further updates.

Finished. Thanks a lot.

Dive Ace:
Very interesting 😍, Last Question!

Dive Ace:
Q5 : How do you think about Blockchain and it’s development trends?

Kai Yu:
Frankly, due to the limits of development and businesses, blockchain is still in its early stage and hasn’t fulfilled itself in pushing the development of the whole industry.

Went through the ups and downs over the past decade, the real goal of blockchain is to build the public infrastructure for the whole digital world and globalization. It is born to solve the consistency problem and improve the efficiency of payment and settlement, and reduce the risks of errors and frauds to the great extent.

However, blockchain can’t be applied for the complete transfer of the whole financial industry, but the whole digital era as the support for massive transaction services and circulation.

Thus, the final target of blockchain is to realize the circulation of data assets around the globe, and serve as the super clearing house for cross-ID, cross-account, cross-institute and cross-industry.

Finished. Thanks a lot.

Dive Ace:
Some introductory questions have already been answered and we will enter segment 2.

5 best question comes from the twitter.

Dive Ace:
Q1 : How does PlatON plan to transform the internet? What does it have to contribute to an already consolidated system?
From @Ale_Urich

Kai Yu:
Nowadays, the Internet firms collect users‘ data and turn it into cash. That’s actually the main business model of Internet. Under such circumstance, human is just the carrier and tool of data.

In the upcoming whole digital era, human, as an individual, must control its natural rights, and apply Internet platforms as the tools.

PlatON, with the powerful combination of privacy-preserving computation and blockchain, wishes to realize that firms should use data on top of the permission of users, and share the benefits resulted from data with users.

Finished. Thanks a lot.

Dive Ace:
Q2 : What do you think of a public chain with privacy features? Many public chains are considering adding privacy features, such as adding zero-knowledge proofs, will PlatON develop in this field?
From @BitTop75

Kai Yu:
PlatON stands out on the investment of cryptography algorithms including MPC, ZKP, HE, etc. Plus, it is also an important partner of Ethereum on the cryptography technology engineering.

We apply cryptography on not only public blockchain, but also privacy-preserving computation to ensure the data privacy, legal data circulation, and payment & settlement by leveraging blockchain.

With the powerful combination of privacy-preserving computation and blockchain, PlatON is dedicated to building a data marketplace worth of trillion dollars.

Finished. Thanks a lot.

Dive Ace:
Q3 : What is the structure of PlatON, is it decentralised or a open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
From @kiki_pearl

Kai Yu:
PlatON is a decentralized and open-sourced project, and all PlatON supporters can contribute on the development of PlatON and get benefits as return.

We insist that decision-making right belongs to the stakeholders, and rights belong to human. However, the referendum is based on the cost, turnout, expertise, governance efficiency, etc. Thus, referendum shall be the governance method for major disagreements rather than a common governance mechanism.

In PlatON PPoS, the way we have candidate validators is just like a selection, and the interests of validators are closely bound up with the development of public blockchain ecosystem. Thus, validators should be responsible for more governance and have more governance rights. That’s why we apply the combination of pure democracy and indirect democracy in PlatON’s governance.

The candidate validators vote for governance to the great extent, namely, indirect democracy, while community vote for the governance when there is a significant disagreement, namely, pure democracy.

Finished. Thanks a lot.

Dive Ace:
Q4 : Where is the target market of PlatON? How do PlatON team think with Asia crypto market? Does PlatON team have any plan approach VietNam which the potential market in crypto, there have many great teams and investors want work and earn money from crypto?
From @PhamHuo01951923

Kai Yu:
PlatON is a global-oriented blockchain project, while Asia, especially SEA is the first target market.

We are confident about the development of Vietnamese blockchain industry, and are open to the collaborations with the competitive communities and teams there to have PlatON popularized and let more Vietnamese users be benefit from the development of PlatON.

Finished. Thanks a lot.

Dive Ace:
Q5 : What are the rules for designing an economic model for PlatON and its strengths compared to other PoS-based public blockchains?
From @nguyen1093

Kai Yu:
1. Compared to the high energy consumption of PoW, PoS is a better solution as the market share of PoW can’t increase infinitely due to the energy limit. The consensus algorithm of PlatON is PPoS (PlatON PoS);

2. PPoS can reduce the consensus cost. By applying the off-chain identity, credit mechanism and programmed mechanism, and the randomness brought by VRF to reduce the degree of dependency, PPoS can restraint the bribery and collusion well;

3. PPoS can strengthen the coupling relationship between economy activities taken place on PlatON and PlatON supports, namely, the coupling relationship between data and the circulation market of computing power, providing support for the value of token;

4. PPoS can restrain the expansion of PPoS mining pool.

Finished. Thanks a lot.

Dive Ace:
Questions on segment 2 have been answered, thank you @KaiYu_PlatON

We will continue segment 3

Dive Ace:
Everyone please prepare your questions, chat will be opened for Telegram Segment

Dive Ace:
Thank you everyone for your questions, it was fast 🤩

Great, so we have around 100 messages

@KaiYu_PlatON
Feel free to choose 5 questions you like and answer them

Kai Yu:
OK

Aluta Continua Victoria Ascerta:
Platon metamorphosis is a laudable one, how have you been able to survive this longest bear market and continue building and developing cos many projects have died out in this time period

Kai Yu:
Our investors care about the long-term value rather than short-term profits. They are clear about the value and future of infrastructure, and it can’t be achieved in a short period of time. They believe PlatON will surely be the final and top player in the public blockchain field. Thus, both our investors and us have prepared for the protracted war. The ups and downs of the market won’t have any effect on our confidence.

Aluta Continua Victoria Ascerta:
I am an ETHICAL HACKER AND EXPERIENCED DEVELOPER, do you have plans for HACKATHON so as to check the security of your ecosytem periodically and also invite developers to build on PLATON

Kai Yu:
Thanks for your attention. We are preparing for our upcoming bug bounty, which is expected to be live in September. Besides, we will have a hackathon later, which may be launched along with the announcement of our main net. We sincerely welcome all developers and security hackers to join them.
The ecosystem construction of public blockchain can’t be completed without the joint efforts of community developers. Thus, you mean a lot. You can check our Github for more updates. Also, feel free to contact us whenever you need help or want to have a discussion. Thanks.

Kai Yu:
Thanks for your attention. We are preparing for our upcoming bug bounty, which is expected to be live in September. Besides, we will have a hackathon later, which may be launched along with the announcement of our main net. We sincerely welcome all developers and security hackers to join them.
The ecosystem construction of public blockchain can’t be completed without the joint efforts of community developers. Thus, you mean a lot. You can check our Github for more updates. Also, feel free to contact us whenever you need help or want to have a discussion. Thanks.

Kai Yu:
https://github.com/PlatONnetwork

Titan:
Q. Can you recommend Platon’s AI Solution?

Kai Yu:
Rosetta, the open source privacy AI framework can train and infer the AI models with data privacy ensured. It can utilize the diversities of data maximally, and keep the data privacy maximally as well.
Rosetta is an exclusive tool for AI developers and AI researchers, and it is dedicated to accommodate all mainstream AI frameworks. Currently, Tensorflow is the first choice as it can lower the threshold for AI engineers to utilize privacy-preserving computation technologies. If there has been an AI application, then the engineer can transfer it to the privacy-preserving computation framework by modifying a few part of code.

Alexander:
Q. Does PlatON have a good solution to balance security, efficiency and privacy protection data?

Kai Yu:
As an infrastructure for privacy-preserving computation, security comes first for PlatON. Next, PlatON will balance the centralization and scalability. PlatON applies VRF to add the randomness, then apply BFT and punishment strategy in its economic model for the security. During each consensus interval, PlatON will select the validators that participate in the BFT consensus using BRF, and improve the consensus efficiency of BFT through parallel algorithms at the same time. That’s the solution to balance the centralization and scalability.

Para Bellum:
Congrats on PlatON 2nd anniversary celebration and for recognizing a vibrant community as critical in the long term success of project. Do you have a global ambassadorial program to create more awareness and what are the benefits?

Kai Yu:
Yes, we announced our global ambassador plan in our 2nd anniversary AMA. We sincerely welcome all PlatON supporters and collaboration communities to join us for a well-received and flourish PlatON community. We’ve prepared sufficient rewards for ambassadors.
If you are interested in being an ambassador of PlatON, don’t hesitate to contact us. Thanks.

Hi guys, a big thank you to you all. Due to the time limit, we can’t answer all questions, thus, we choose the flagship questions regarding PlatON. No worries, we will surely have ensuing events, let’s reserve the questions to the next event. Thanks!

Dive Ace:
Great AMA Thanks to Kai Yu for taking the time to join AMA today.!!

Kai Yu:
Thank you all😄

Good night !