Entropy Review
Entropy
entropynetwork.io
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Their Official site text:
Introduction
Welcome to Entropy!
This lightpaper is written to help understandings of Entropy’s general and technical information. Details of some information may not be expressed due to technical details or confidentiality restrictions. To fully understand the purpose, status and limitations of this lightpaper, please read to the end of the document.
Disclaimer
Entropy blockchain is developed based on BSC (Binance Smart Chain) technology and was customized with our technology to fit the purpose and direction of our project. In addition, to complete the high-performance blockchain configuration, we actively utilized latest library and technology/add-ons from open sources and EIP from Ethereum during development.
As explained above, Entropy is an independent product from our own project. Therefore, any individuals or parties using systems related to Entropy blockchain network are licensed only within the scope set by us and are considered to have agreed to the terms.
Abstract
In the early days of the blockchain's competitive coin/token market with differentiated algorithms, the Ethereum-oriented Defi market, NFT trading activation, and P2E games with tokenomics-based ecosystems have shown meaningful results, creating another competitive structure to create a practically usable form of service on the Application Layer.
This atmosphere is increasing the development of a customized blockchain mainnet so that dapps can be served in an optimized distributed network environment, unlike dapps created based on the characteristics of a blockchain network. This trend is present because, despite the advantages of large communities, massive assets, high security levels, and long-validated network reliability, there are many variables that can affect service quality in situations where transaction processing speed, high fees, and volatility due to mainnet upgrades are inevitably accepted. In addition, the need for more autonomous mainnets that are easier to expand vertically and horizontally is increasing due to attempts to construct the ecosystem itself and create various value cycles within it from simply configuring services based on coin or token use.
These diverse needs will lead to faster service optimization, faster transaction processing, higher capacity processing, lower fee base, and reliable distributed verification systems in blockchain.
The key to blockchain growth will also be created by implementing various real-world services using blockchain technology rather than the value of the blockchain itself. In other words, in the process of completing a service with high utilization value, blockchain will play a role as a medium or tool, and it will prove the true value of blockchain.
We want to build a high-performance blockchain custom foundation and expand a new ecosystem where network constancy and stability can be secured so that Dapp or NFT games that want to build services within the blockchain can significantly reduce process difficulties and focus on content development.
Entropy Development Plan
As mentioned earlier, our final goal is to become a blockchain platform holder that allows the entire blockchain value chain to be virtuous cycle through completion of a blockchain network optimized for Dapp or NFT games with an ecosystem. To complete a blockchain distributed network specialized in Dapp and NFT game services, we have defined several target items.
1. Ethereum, BSC Chain Compatible Independent Executable Private Blockchain
2. Permission-based POA consensus algorithm
3. Provide public chain swappable bridge chain
4. Token burning system paired with a reward system that is paid uniformly per block
5. Constantly creating blocks at a constant speed and reaching fast finality
6. Lowest network fees for fast transaction processing
7. Building a Public Operating System with Entropy Foundation
Entropy Design
Goal
Entropy aims at two main goals.
The first is to complete a blockchain network optimized for Dapp or NFT games that require similar security levels while minimizing internal and external variability to maintain network constancy so that services can operate reliably.
Second, entropy is aimed at the X&E On Chain Network. It helps to easily build an independent ecosystem and expand services so that on-board Dapp or NFT games can focus on their own content as well as blockchain networking. It also creates and expands the value link of various digital assets on the network.
Entropy Architecture
Entropy Modular Architecture
The entropy blockchain network consists of a blockchain framework, an API framework layer, and a business service under a stable designed technology stack, thereby quickly processing all intra-block transaction verification generated within the Entropy and achieving accurate finality.
Entropy System Architecture
The following is the structure of the basic system that constitutes Entropy, which is divided into three layers: application layer, service layer, and blockchain layer.
Consensus
POA
As discussed earlier, entropy adopts a Proof of Authority (POA) consensus algorithm to reduce the verification time of transactions and ensure fast end. We operate on a fixed basis, not added or reduced, based on 21 nodes. This reduces the number of nodes to reduce the time required for validation and shortens the block generation cycle to enable fast transaction processing, thereby improving the throughput of the network. POA can handle transactions with minimal fees, and processing speed is also very fast. Transaction creation in the POA-based 'quorum' blockchain protocol has improved transparency, giving publishers access to data in near-real-time
Validator Permission
While public blockchains have high transparency in transaction verification due to unspecified participation, there is still a possibility of a Rug-Pull incident in the Scam project or a hacker attack. This is often caused by the unauthorized nature of the verifier that most public blockchains have. Entropy provides a permission stage for the participation of the verifier, allowing only reliable and identified participants to participate in the verification, simplifying verification and achieving end-to-end safely and quickly.
Validator Group Participation Conditions
To participate as a validator, you must be a member of the Entropy Foundation, which jointly operates Entropy, and to become a member, you must obtain approval from the Entropy Foundation, and if rejected, you cannot participate as a validator. Approval will be completed through a formal contract with the legally effective Entropy Foundation. The Entropy Foundation will communicate and listen to the company or community participating as a validator before signing the contract.
Changes or withdrawal of the verifier will be made through a vote in the entropy foundation. If you participate as a validator, you will run Validation through a trusted account and private key. Any verifier who believes there is an operational problem may be penalized and disqualified through the Entropy Foundation at any time. In line with the purpose of the service of the entropy blockchain, we plan to expand the participation of verifiers to various NFTs or blockchain communities by country, not limited to trusted companies. This will create an expected effect with more people participating in one validator operation. Each validator will be managed and operated by the community group name or company name of the participating country.
Entropy Bridge Chain
Entropy also provides bridge chains so that assets of external public blockchain with versatility can be used within our blockchain. Bridge chain supports various coins and tokens commonly used in public chains to be used within the entropy blockchain. This will help expand and circulate the value of blockchain assets over a wider range, creating an influx of more blockchain users from outside. In particular, it supports the use and withdrawal of Ethereum-based coins/token and BSC-based coins/token, which have the most diverse token series, through entropy's bridge chain.
External tokens flowing through the bridge chain are locked and minted with the same quantity of wrapped tokens within the entropy, in which verification is carried out through the verifier of the bridge chain. The verifier of the bridge chain exists separately from the 21 validators of entropy, and it mainly verifies the deposit and withdrawal of external assets. On the contrary, Wrapped Token, which is withdrawn to the external blockchain, is verified through a validator, and then burned within the entropy, and the previously locked token is released and sent to the outside.
Entropy as a Blockchain Platform
From the perspective of preparing services for onboarding the blockchain network, it may take more time than expected, and there are many things to prepare. Although it takes time to develop each service, it faces various problems such as the technical difficulty of the blockchain at the time of actual implementation at the same time as the planning part that organically defines the elements of the blockchain and the elements of the service.
Entropy is the most ideal blockchain network for Dapp or NFT games that advocate various ecosystem structures such as P&E, M&E, and L&E. It supports various types of blockchain API/SDK with high autonomy so that Dapp or NFT games onboard entropy can be developed smoothly in the planned direction. This allows the onboarded 3rd party to complete services quickly by dramatically reducing technical difficulty and implementation time.
Provide the necessary elements for building and operating blockchain services in SDK
Entropy provides various SDKs necessary for development construction so that the 3rd Party can be linked without much difficulty even when developing blockchain services. SDK is provided in the form of management tools such as token minting/burning tools, NFT management tools, economy support systems, and service operation tools, including API types provided on code. Development documents for linkage will be supported through the entropy developer center web service.
Transform Layer
Tokens and NFT minting are the most basic things to develop blockchain services. It provides the ability to make existing services into blockchain services or to define tokens through tools provided in the process of developing new blockchain services from scratch, and to easily create objects of the units you want to create as NFTs. At this stage, the 3rd Party can easily configure its own ecosystem.
Analysis Layer
Dapp or NFT games in the blockchain maintain and develop services through various decisions through various participants (specifically, Governance or DAO) after the service is launched. However, in order for services to develop into a healthier ecosystem, service developers need to monitor the overall flow and statistics of blockchain assets for the purpose of balancing production and consumption and preventing inflation. Entropy provides a variety of blockchain asset analysis management tools to help you easily identify these areas and consider future updates.
Management Layer
If the update direction is set based on the above analysis layer, various decisions such as minting and burning of blockchain assets can be made, and operation tools can be provided to directly execute them. This helps you get a variety of updates quickly and easily.
Public Software for the Use of Entropy Blockchain Networks
Even if each service has its own ecosystem, blockchain services require blockchain wallets that can contain blockchain assets, marketplaces for asset transactions such as NFT, block exporters for block or contract verification, and Defi services that can utilize blockchain assets. Entropy provides all of these commonly needed services, which also allows users to share a pool of users among services onboarded on Entropy. However, it is not available in the form of a white label.
Entropy Universal Account
Blockchain services started on the basis of anonymity, so they have been using the service through wallet linkage, which contains most of the assets. This has been taken for granted, but it acts as a barrier to the participation of more general users and has had side effects that do not lead to the service use stage. For this reason, blockchain services have recently made various efforts to provide a service experience similar to that of general services through efforts to improve the user experience. It provides users who are familiar with the mobile service usage environment with a granular service usage environment that allows them to use the service accessible through login-based services first and then link their wallets to use more services. Therefore, Entropy allows users to access services more quickly and easily through an integrated account and induce more depthful use according to their needs.
Entropy universal accounts are primarily used for common use of services, and each service must have a separate service login system. The Entropy universal account will provide the same user experience as the existing mobile service usage environment, improving the user experience when using repeated services to help activate the service usage. The Entropy universal login will provide the existing wallet linkage and password login system in consideration of the level of security at which the user is trying to access.
Entropy Scan
One of the most important things in the blockchain is transaction processing and execution and completion of contracts. To do this, users must be provided with a window to view transparent results. All transactions processed within the Entropy and the contract executed are disclosed through Entropy Scan. Users can view the data processed by the service at any time, and also the blocks validated by validator.
Service URL: https://www.entropyscan.io
Entropy Blockchain Wallet
Users of all Dapp or NFT games onboarded on the Entropy blockchain network will be able to use a powerful Entropy wallet. The Entropy wallet can contain various coins, tokens, and blockchain assets such as NFT, and supports linkage with various services that require wallet access such as marketplace in-game. It comes in two forms: Embedded and Independent Services, so users can easily move blockchain assets within the service to their wallets. The Entropy wallet supports most of the features of the long-standing Universal Extension Wallet, plus an improved user experience to make it easier to use when using the service.
Entropy Marketplace
Provides a marketplace for easy trading of various NFTs produced by Dapp or NFT games onboarded on the Entropy blockchain network. Various blockchain assets can be traded within an integrated channel, and assets can be displayed and found in independent service categories.
The Entropy marketplace is available through the Entropy account and entropy wallet linkage explained earlier. In addition to basic NFT transactions, Marketplace provides a variety of functions such as NFT minting, Burning, and Breeding depending on service needs, providing higher utilization and diversity of functions.
Entropy Launcher
Entropy offers a game launcher for quick game execution. Launching the launcher makes it easy to access a variety of NFT games onboarded within the Entropy. In addition, users who are uncomfortable or unable to use the mobile environment for various reasons will be able to conveniently enjoy NFT games through PC-based entropy launchers. In addition to the basic functionality of game updates and execution, Entropy Launcher will configure blockchain services to be available immediately within the launcher through continuous updates.
FAQ
What is Entropy?
Entropy is a dedicated private blockchain for services that can quickly and stably handle the transactions and contracts of various blockchain-based services such as Dapp or NFT games.
What is the benefit of onboarding on Entropy?
In Entropy, blockchain services can be quickly onboarded through SDK even if developers are not experienced with blockchain, and it can be conveniently operated by utilizing Entropy's blockchain service group. In addition, the high security of Entropy enables safe service operation.
What does X&E stand for?
Entropy can onboard various Dapp-type blockchain services as well as games. The service can be defined and serviced in various forms, such as P2E, M2E, and L2E. Therefore, “X” of entropy's X&E has the meaning of Extension, which enables the expansion of blockchain service and user experience, and “E” has the meaning of supporting Earning, a key trend in the blockchain market.
What is Entropy Foundation?
Entropy is not owned by any individual company. The Entropy blockchain network will be operated by several companies participating as validators. The Entropy Foundation is a public organization that represents the companies. Through the Entropy Foundation, the service will operate security and innovation.
What is Entropy account?
Users naturally create Entropy accounts by using on-boarded services within Entropy. In- Entropy services will be available with the accounts created in this way, and as the Entropy ecosystem becomes active, new games or services will also be able to use the Entropy user pool together. This will make it easier to enter the market and participate in the formation of the community's ecosystem.