Chainfeeds Summary:
Vana is derived from the word "Nirvana" and is committed to breaking free from the chains of giants! This article will delve into the technical architecture, innovative mechanisms, and current development status of the Vana project.
Source:
https://x.com/Ice_Frog666666/status/1859926988301152491
Author:
Ice Frog
Viewpoint:
Ice Frog: Vana's proposed solutions include: 1) Data sovereignty: users have full control over their personal data, with the option to not upload data to the blockchain and retain ultimate usage rights; 2) Value redistribution: users receive economic rewards for contributing data, and the token mechanism enables value circulation, creating a user-centric data economy model. The Data Liquidity Pool (DLP) is Vana's core technical innovation, which can be understood as a "digital warehouse" for securely storing user data. Its key features include: data ownership belongs to users, support for governance token issuance. Tokens are rewarded to contributors based on data quality, realizing a "data mining" model. To date, Vana has developed 300 data DAOs, processing 1.7 million transactions daily, and has attracted over 1.3 million users. For example, the Reddit Data DAO attracted 140,000 users within a week of its launch. To ensure data quality, Vana has introduced a multi-dimensional contribution verification mechanism and adopted an encrypted storage solution: users' original data is not uploaded to the blockchain, and they can choose to store it on their personal cloud, only submitting encrypted links and hash values. Validator nodes gain authorized access to the data and perform multi-node weighted evaluations of data quality. Additionally, borrowing from Bittensor's Yuma consensus, the Nagoya consensus improves system fairness through mutual scoring among validator nodes, with key features including: multi-node data quality assessment, and a periodic scoring cycle of 3 hours (1800 blocks). Vana has completed three stages of development planning: initial technical architecture setup; rapid growth of data DAOs and user numbers exceeding one million; and the upcoming mainnet launch and token release, with the establishment of a foundation yesterday. Vana is committed to building the largest-scale AI dataset, with data breadth and quality far exceeding GPT-3, laying a solid foundation for future large-scale AI applications. As the first project led by Filipinos to break out, Vana has received widespread media attention and provided a new perspective on individuals regaining control over their data through a series of innovative practices.
Source
