[Translation] [Hebrew] [Volentix papers]
Repository:
Volentix on github (https://github.com/Volentix)
Volentix on crowdin (https://crowdin.com/project/volentix-papers)
Project details:
In this continuation of the ''Volentix papers'' project, one of the main diverse subjects in the recent translation I've submitted is Volentix's network topology.
1 ) Network topology is the arrangement of elements (links, nodes, etc.) within a communication network.
It can be used to define and align the structure of various types of telecommunication networks, including command and control radio networks, industrial field bases, and computer networks.
It is a graph-theory based application, where communicating devices are modeled as nodes and the connections between the devices appear as links or lines between the nodes.
*An example of a graph formed by Wikipedia editors, that is used to represent networks of communication, maintain data organization and flow of computation.
Nodes - a node is an active electronic device attached to a network, that is capable of creating, receiving, or transmitting information over a communications channel.
Links - a data link is the means of connecting one location to another for the purpose of transmitting and receiving digital information.
Nodes are used as communication endpoints in the VDex exchange facility,
and allow for the following functions:
- They each act as an entryway to VDex currency through the Verto wallet.
- centralization and establishment of the ''order book'' information.
- management of order cancelations.
- Initiation of contracts for orders that have been filled.
In order to facilitate, Nodes earn a portion of the fee for each transaction.
The Raft Consensus Algorithm
What is Raft?
Raft is a consensus algorithm that is designed to resolve relatively independent subproblems, and clearly organizes all major pieces needed for practical systems.
The intention is to make consensus available to a wider audience, hence giving them the ability to develop a variety of higher quality consensus-based systems that are available today.
Hold on—what is consensus?
Consensus is a fundamental problem in fault-tolerant distributed systems.
Consensus involves multiple servers agreeing on values. Once they reach a decision on a value, that decision is final.
Typical consensus algorithms make progress when any majority of their servers is available;
for example, a cluster of 5 servers can continue to operate even if 2 servers fail. If more servers fail, they stop making progress (but will never return an incorrect result).
For further information about RAFT or good introductions for the installation of it,
visit https://raft.github.io/.
2 ) ORDER BOOK
The order book is the list of buy-and-sell orders VDex receives from interested users,
that assists a matching engine by determining which orders can be fulfilled.
It is copied and distributed to many independent parties and does not reside within the reach or control of one particular party.
This order book resides on the EOS.IO chain and is simply a record of offered pairs, The accounts, the price and various indicators showing the state of the transaction.
- The Loopring protocol ( an open-sourced and transparent protocol for building decentralized exchanges ) allows for customizing the order book data structure.
Wallets built on top of Loopring Protocol can combine off-chain order sharing and on-chain settlement, that in itself provides a much higher digital trading functionality.
- Containers provided by EOS.IO are used for optimal performance.
(Boost.Container library has several well-known containers, including STL containers.
The aim of the library is to offer advanced features not present in standard containers or to offer the latest standard draft features for compilers that don't comply with the latest C++ standard.)
what do the containers in the Boost.Container library offer?
*Emplacement and move semantics are implemented, including emulation for pre-C++11 compilers.
*Polymorphic allocators and memory resources, including implementation and emulation for pre-C++17 compilers.
*New advanced features (e.g. recursive containers, configuration options for containers) are present.
*Containers support stateful allocators and are compatible with Boost. Interprocess (they can be safely placed in shared memory).
2.2 On-Chain order book
An on-chain order book is a record of offers residing on a node chosen to settle the order book.
It's located in a persistent database on each node subscribed to the same account as all the other nodes.
2.3 off-chain order book
offline order books serve for simulator and security purposes and reside on an aggregator ( a volentix server made to pull logs and order book data from nodes into sparse distributed representations for hierarchical temporal memory, that also provides analysis for detecting anomalies in the system.)
3 ) VTX Allocation
A digital assets ecosystem requires an array of certain fundamental human constituents who lead the project forward.
It is essential to compensate those individuals for their participation, therefor Volentix currently anticipates the following allocations:
Contributors - 12% (An array of individuals, akin to founders, who contribute insights, time and talent, though often work without early compensation.)
Supporters - 1.5% (Early passive seed funders)
2.28% (Funders via qualified private pre-sales and possible public sale)Facilitators - 3.30% (Advisors, Developers, Promoters, Custodians)
Decentralized treasury - 35% (Community members are incentivized and rewarded for participation in the progressive development of a decentralized autonomous organization (DAO).
A decentralized treasury is anticipated to be administered by smart contracts and community consensus.)
Volentix Qualified Sale Frequently Asked Questions
The Volentix journey into blockchain technology and decentralization philosophy began in 2015. On November 5, 2018, the whitelist applications to get VTX was over.
The Volentix multi-currency wallet VERTO is now available for download or use on the web.
Watch Volentix Rising. A short film and pilot for an upcoming series.
Please note that the sale of VTX is subject to the VTX Terms & Conditions we will be posting on the website.
- When is the VTX sale?
The formal sale began on February 28, 2019.
- How can I join the whitelist?
You can request to be whitelisted at https://volentix.blocktopus.io/token_buyers/sign_up
All applicants will be subject to KYC/AML policies and procedures and such other due diligence as Volentix may decide to conduct in its sole discretion.
Volentix reserves the right to reject any potential purchaser in the sole and absolute discretion of Volentix. All purchasers will be required to agree to, and be bound by, the VTX Terms & Conditions.
- Are there any discounts or bonuses available?
Yes. Bonuses are available through a progressively adjusting algorithm based on scaled pricing (see below). There is currently a 3 VTX bonus available simply for successfully completing the whitelist approval process.
- What is the price of VTX?
Volentix is planning to sell 364M VTX for up to a maximum of US$48.5M (the “hard cap”). We estimate the scaled price of VTX in USD will range from $0.17 to $0.33 as the early discounts scale down. We emphasize this is an estimate only; the actual price of VTX converted to USD may vary substantially from that estimate.
- What business entity will be issuing VTX?
VTX is issued by the Volentix Foundation in the Cayman Islands and distributed STAIDER LLC, a Georgia company with International Financial Company Licence number 0110/264
- Will U.S. or Chinese people be allowed to purchase VTX?
No. U.S. persons are not permitted to whitelist or to purchase VTX at the moment.
It is possible that U.S. persons may be permitted to buy VTX in the future, depending on then-applicable U.S. law. Chinese persons are similarly restricted.
- Will there be a lockup period for VTX?
No, there will not be a lockup period after VTX is actually issued.
However, purchasers shall not sell, assign, transfer, or trade VTX to the U.S. or Chinese persons.
- Will there be a minimum purchase requirement?
Yes. The minimum purchase requirement is currently planned to be 1.0BTC or equivalent in currencies accepted via our payment gateways Zixipay.com and Blocktopus for Round 1. Lower minimums are accepted in subsequent rounds.
- What will be the supply of VTX, and how will it be distributed?
The supply of VTX is as follows:
65M VTX for early supporters.
364M VTX made available for sale to support the hard cap of $48.5M.
800M VTX can only be unlocked by way of providing resources to the VDEX network. And will come into circulation as quickly or as slowly as VDEX transactions are created.
455M VTX as a public treasury governed by VTX holders.
286M VTX for existing Volentix contributors, supporters, and facilitators. These VTX are “time-locked”, meaning they are released on an incremental schedule over a period of 4 years commencing upon the first day of VTX issuance.
130M VTX for future participation by contributors and facilitators of the Volentix ecosystem.
Contribution specifications
translation overview
As I said in my last post The potential of the Volentix ecosystem is enormous and I am honored to be a part of it as a Hebrew team translator.
This development provides leeway for more distributed and shared application, thus becoming a huge benefit for the next generation of users.
The main reason for creating this system and its need to be translated into various languages is the achievable aspiration for a truly global society where people can collaborate in the most efficient, fair, secure, transparent and democratic ways.
Basically building a set of technologies to bring people together in order to encourage a decentralized crypto exchange.
It is definitely one of the more exciting and yet difficult projects I have ever been involved in.
Some words were really quite challenging, such as the ‘’Vdex exchange’’, that was problematic to translate due not having the proper Hebrew term for it.
So in order for it to make sense and be compatible with the English term, I wrote it as
‘’Money-exchanger - חלפן כספים’’, Or the many other technical currency-related terminologies that each required expanded research of their own,
For instance, the c++ programing language specified in the project.
In conclusion, I would like to add that the developers of the Volentix platform are already testing the beta version, both the wallet and all other functions of the system.
At the same time, each team observes and clearly follows all the goals described in the project roadmap. These reveals have managed to attract several large investors in the project.
Therefore, fellow readers, I recommend you to pay attention to this project and to study it when reading the official Volentix resources.
After all, the topic of cryptocurrencies in itself is now very relevant, making the need for good and
high-quality exchange resources even more so!
** Languages: **
Source language: English
Target language: Hebrew
Words translated: 2030 ( out of 11 679)
I completed up until now 43% of the project and I aim to translate the Volentix project into Hebrew until it is 100% complete!
Proof of Authorship:
Here is My Crowdin Profile: https://crowdin.com/profile/ilijanaglassman