VANTA is a decentralized and permissionless network that ensures real-time, secure and private connectivity. By using blockchain and crypto-economics designed for real-time networking, VANTA creates a system in which nodes participating in the network contribute to real-time data transmission and processing without relying on traditional centralized systems and networks. This system results in a low cost, functional blockchain-based network where anyone, regardless of existing platforms, can participate and use the network by using an API, an SDK, or modules to integrate with existing applications or platforms in use. In simpler terms, creative services will be provided and integrated within the VANTA ecosystem, and VANTA blockchain will greatly contribute to improving the daily lives of individuals and operations of enterprise businesses.
The technology can be used for messaging / file transfer/voice & video call development, large-scale real-time video streaming, and transmitting & processing various real-time data collected from IoT sensors. Besides addressing these problems through the VANTA blockchain, VANTA will provide and expand enterprise-level telecommunications network solutions to businesses and enterprise customers.
Why VANTA?
The need for real-time connectivity between people or devices is increasing exponentially. A decentralized network that allows infinite connectivity with a guarantee of privacy is indispensable.
VANTA will aim to provide solutions to our everyday problems. It will be optimized for real-time data transmissions to provide infinite connectivity among all people, devices and information, creating a variety of new opportunities for businesses.
PoN-VRBFT (Consensus Algorithm)
VANTA has created an algorithm called Proof of Networking that allows each node to contribute to real-time data transmission, processing, and storage in the network competitively. The workload of each node is verified by verifier nodes selected through VRF and recorded using VANTA’s unique workload unit called Net and Net price to prove the amount of workload and the actual value of it. This was combined with Byzantine Fault Tolerance (BFT) and Verifiable Random Functions (VRF) to design a unique consensus algorithm called PoN-VRBFT. The KANUS Chain selects few nodes based on the trusted random function referred to as Verifiable Random Function and participate in 1) block proposal 2) verification 3) confirmation.
The VANTA Networking Framework
is a low-level, non-blockchain, networking framework that allows high functional extensibility on the network level, and delivers the networking performance for real-time communication while securing live data transferred against malicious attackers. VANTA Network Framework enables secure end-to-end encryption, personal identification, and network architecture modularity on a
sharded decentralized network. Built on the PGP encryption standard and inspired by Namecoin’s decentralized namespaces model, this framework provides a rock-solid foundation for applications taking advantage of the
VANTA Network. Additionally, authentication and communication channel algorithms based on zero-knowledge proof enable secure data syncing and integration across multiple devices, allowing applications previously only possible with a centralized cloud, to function completely on a decentralized network. VANTA will provide an SDK and an API to integrate the VANTA network into any platforms and applications that require real-time communication.
The VANTA ecosystem adopts both an inflationary and deflationary token mechanism to ensure appropriate incentives for users to participate in the network with an annual 2% of token inflation. Newly issued tokens are used to compensate the nodes performing block production and verification. The Network also incorporates a staking model to ensure free usage of the network. VNT token staking is required to use real-time networking APIs such as data transmission proportional to the amount of VNT tokens staked. Upon un-staking, 2% of the total VNT tokens previously staked are burned/incinerated. See illustration below for more clarity
Token and Ico
TOKEN METRICS / DISTRIBUTION
Ticker: VNT
Total Supply: 65,200,000,000
% of Tokens sold: 35%
Hardcap: $15,000,000
35% of tokens being sold in exchange for $15m is on the high side in my honest opinion. Would have loved to see either a lower hard cap or a larger percentage of tokens being sold to initial investors.
Vesting
- Team - 6.25% every 2 months for Total 32 months, first release 2 months after being listed on a centralized exchange
- Advisors—25% every 3 months for Total 12 months - first release on 3 months after listed on a centralized exchange
- Business Dev. - Release 10% every month after two months being listed on the exchange
- R&D - The first release is 5 months after the exchange listing and 10% monthly as well
- Reserve - No lockup for Reserves which will be used for liquidity services and exchange listing
Team
The VANTA team comprises of engineers and executives from global corporations such as Oracle, HP, AWS, Samsung, and Microsoft. The VANTA Network is developed by PhDs and developers from top universities in South Korea with educational backgrounds from UC Berkeley, Carnegie Mellon, and Georgia Tech.
Joonhyuk Seo - CEO of Vanta. Has over 12 years of experience in IT & Telecommunication industry from ORACLE (JAPAC) and HP. He is also a founder and CEO of Voiceloco, the parent company of VANTA.
Andrian Park - Technical Lead at VANTA Network. Founder of Gamedetect communications, a search engine designed for games in 1999. He worked as a data scientist for 2 years at SK Planet, Korea’s first multi-screen premium video service.
Martin Jung - Technical Analyst and Senior Technical Consultant at Oracle for more than 6 years. Experience in product management working as a Senior Technical Product Manager at Amazon Web Services
Inwhee Joe - Professor at Department of Computer Science in Hanyang University, SEOUL. Ph.D. Electrical and Computer Engineering at Georgia Tech.
PARTNERS
The VANTA team has established strategic partnerships with the following:
MICROSOFT KOREA- VANTA will provide a cloud communication suite integrated VANTA API with MS "Teams" (formerly "Skype for Business") to enable inbound/outbound calling features and target SMB customers with AudioCodes & Softbank Commerce (retailer).
ORACLE - VANTA is working directly with Oracle ISV/OEM business unit as an ISV (Independent Software Vendor) to expand our reach to not only consumers but also to enterprise customers. VANTA will be promoting and selling innovative VANTA services to a variety of customers around the world by joining the Oracle Partner Network. VANTA Services – UcaaS (ciao, scheduled) and voice and video APIs will be available in Oracle Cloud Marketplace.
Hanyang University - HANYANG Univ. MNI(Mobile & Network Intelligence) Lab will contribute for VANTA as the main research lab. For efficiency and enhancement of VANTA’s Intelligent Network, MNI lab is developing & validating PoC (Proof of Concept) models of consensus algorithms and data routing algorithms.
MakerDAO -VANTA Will be Accepting Dai Stablecoin for Qualified Investors in Presale, and is looking forward to exploring MakerDAO’s upcoming Multi-Collateral Dai to allow VANTA token to be held as collateral for Dai.
Voiceloco - The VANTA Network project is backed by Voiceloco, a Korea-based telecommunication startup that is specialized in software-based IMS and client m-VoIP engines(iOS/Android/web), in use by some of South Korea’s largest conglomerates, including Naver, the #1 search engine of South Korea, Lotte, and SK Networks.
Sejong Telecom - Sejong Telecom Co., Ltd., is a key telecommunication carrier with a nationwide optical communication network. Sejong Telecom and Voiceloco run UCaaS Smart Service now. They are planning a new blockchain business with VANTA.
Rocket Fuel - RocketFuel consists of top minds from cutting-edge companies such as Snapchat, Uber, Airbnb, Accenture, McKinsey and more. Some of their blockchain investments include Oasis Labs, Chromapolis, Aergo, AllBit, ICON, VeChain, Chainlink to name a few.
RoadMap
More info
Website: https://vanta.network/
Whitepaper: https://vanta.network/doc/VANTA_White_Paper.pdf
ANN: https://bitcointalk.org/index.php?topic=5095100
Telegram: https://t.me/vantanetwork
Twitter: https://twitter.com/vantanetwork
Facebook: https://www.facebook.com/vantanetwork/
BitcoinTalk Username: Daha19
BitcoinTalk URL: https://bitcointalk.org/index.php?action=profile;u=919492
Eth Wallet:0xd9Da4D60cf149CC8Ed6F74Fb730551e238e364DD