🔎 What is Trinity [TNC] - offchain scaling scheme for Neo.
📎 In a nutshell
All information in this article has been taken from the website and whitepaper.
Trinity is an offchain scaling scheme for Neo. Trinity acts as a lightning network for NEO in order to achieve real-time payments, low transaction fees, scalability, and privacy protection for NEO assets. Using state channel technology, Trinity will significantly increase blockchain throughput for NEP-5 token transfers.
🏁 Trinity goal
Trinity aims to provide safe, fast and convenient blockchain services to its users through its fast and safe off-chain payment channels.
📶 Use cases:
1. Unified asset for network settlement
TNC can be but is not required to be used as a mortgaged asset during channel establishment, so as to provide a unified settlement method. As such, the TNC could be the most direct and convenient way to those small and medium sized nodes or users unwilling or unable to synchronize resources on the entire chain. This unified settlement mechanism helps reduce unnecessary exchange costs for on-chain and off-chain transactions.
2. Trinity network contribution reward
Trinity provides channel routing to improve transaction convenience throughout the entire network. The channel routing enables effective state interactions and value transfers between users/nodes through the channel, which makes the Trinity network more flexible and convenient. The TNC can reward the channel routing providers in an effective manner, which encourages more nodes/users to participate in the network channel and enables more efficient asset flows.
3. Trinity network value-added services
As a privacy-conscious network, Trinity adopts multiple technologies like zeroknowledge proof and CoinJoin to protect data security and enhance privacy protection for users. Moreover, the Trinity network can provide further privacy protections which can be acquired through TNC payment. Other services provided by Trinity include QoS, connection-oriented channel routing, thin client gateway services, proxy services on state channel testing and monitoring among other value-added services. Dapp developers are able to customize value-added services onTrinity’s channel service layer. These services will be available for all Trinity users by paying TNC to developers.
4. Network Service Fees
The Trinity network is devoted to providing digital asset services for small and medium sized businesses. Small and medium sized businesses using the Trinity network to distribute or manage digital assets can use TNC to pay for the needed services.
5. Enterprise customization service fee
Businesses requiring customized services like independent state channel modes and highly customized wallets shall pay for those customized services in TNC.
6. Incentives for TNC holders and community developers
For developers who are constantly concerned about and supporting the Trinity community, Trinity is to reward them with TNC tokens. Such incentives aim encourage more talents to develop the Trinity community and keep improving Trinity protocols. TNC holders will be rewarded as set in the following chart, in a bid to motivate more to contribute to Trinity network development. With the evolvement of theTrinity network and more participation, TNC will show more values in an increasing use cases.
🌀 Circulating Supply:
Trinity will have a total supply of 1,000,000,000 (1 Billion)
👥 Team:
David Yiling Li
Founder
Former Antshares (Neo) Overseas Manager Led the Antshares global tokensale campaign in 16, and her follow-up community building, business cooperation, ecosystem building, etc. Co-founder of FourierPR, China’s top marketing and consultancy firm for crypto-economy projects. Fourier’s clients dominate coinmarketcap top 100 list; in association with FBG. Founder of Rai Stone Media site inwecrypto.com, multi-asset wallet InWe Wallet and two ecosystem companies of Trinity Network.
Guangfeng Zhang
Co-founder
Expert of security and blockchain. Guangfeng has more than 15 years of experience in technology development. He has worked in the Giesecke+Devrient (China) and CBPM (China Banknote Printing and Minting Corp) Blockchain Research Institute, engaged in the formulation and promotion of the PBoC 2.0 / 3.0 specification, the design of the digital ticket trading platform based on digital currency and blockchain technology.
Fengping Yi
Co-founder
Government Affairs Specialist on Blockchain, rich experience in public sector and blockchain business development. Joined China Ethereum community in 2015 and had been working on blockchain industry’s affairs with the Government. Former government official responsible for business development. Former Director of Government Affairs at Shanghai Onchain Technologies Ltd. Former Vice Director of Tongji University Fintech and Blockchain Research Institute. Responsible for helping the company join the MIIT blockchain reference architecture building and policymaking. Participation in Guiyang municipal government’s Credit Farmer project, which is seen as the very first government-sponsored blockchain application nationwide.
Yang Li
Core Dev
Software delivery expert/consultant, software architecture KOL in Chengdu. Yang specializes in startup consultancy, team incubation and demo delivery. He helps startups with digital asset trading, data digging and smart agriculture, etc. Yang has rich experience in telecom industry as a triple-A level telecom expert. He is the founder of multiple provincial-level telecom broadband service systems. Alumni of National University of Defense Technology.
Trinity worth investing?
Offchain scaling solutions are interesting projects. Looking at Raiden Network which did great after their ICO and beta launch en comparing Ethereum market cap with the one of NEO. I do believe Trinity is a longterm investment currently trading at around 10 cents on Kucoin. Keep a close eye on this one. It might go to 50 cents easily.
🔎 Sources:
https://trinity.tech/
https://trinity.tech/file/WhitePaperDraft.pdf
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