Subspace Labs, a distributed research and development company that supports the Subspace Network, today announced the appointment Dr. David Xie To its advisory board. Tse is also an outstanding professor of electrical engineering at Stanford University. As a leading researcher in the field of blockchain scalability, security and sustainability, he brings a wide range of expertise.
Subspace Network is a scalable storage and computing platform designed to completely solve the trilemma of the blockchain.
Subspace Labs has incorporated many of Dr. Xie’s ideas into the design of the Subspace network and will now work more directly with him to correctly implement the key elements of his research.
The blockchain trilemma is a term coined by Vitalik Buterin to describe the challenges of creating a scalable, decentralized, and secure blockchain-pointing out that only two of these three characteristics can be achieved in reality. Subspace provides a solution to this problem by combining its own novel consensus algorithm with a series of cutting-edge academic proposals co-authored by Dr. Xie. These proposals allow to maximize vertical integration without compromising security or decentralization. Horizontal scalability.
“It is an honor to work with a talented researcher like David; Jeremiah Wagstaff, co-founder and CEO of Subspace Labs, said: “We are very happy that he personally participated in the application of his ideas. “Since the review of David’s postgraduate course on expanding blockchain last year, most of his research has been built into Subspace, and now we can be sure that it has been implemented correctly. “
“Although Subspace itself is an interesting agreement, it is even more exciting to see how they adapt and expand the body of work I contribute,” said Dr. David Tse. “I look forward to working more closely to help realize the dream of a secure, scalable and decentralized blockchain!”
Subspace Labs was founded in 2018 by Wagstaff and Nazar Mokrynskyi. Their shared vision is to create a scalable base layer for Web3, where users can control their data, and the Internet can operate on centralized servers that do not rely on technology monopolists. Or work in the case of a data center. Wagstaff and Mokrynskyi set out to build a platform that would allow anyone to easily build decentralized applications at scale.
After years of research, mainly funded by the National Science Foundation, Subspace Labs raised a $4.5 million seed round in June 2021, led by Hypersphere Ventures and Stratos Technologies. Currently, the Subspace blockchain is under active development and is built using Parity Substrate, which is the same framework used to build Polkadot.The earlier version was created by Web3 Foundation Grant.
The consensus in Subspace is based on storage capacity. Farmers (rather than miners) store as much blockchain history as possible through Proof of Archival Storage (PoAS) because their disk space allows, which is a novel consensus algorithm described in their technical white paper.
PoAS is specifically designed to solve the plight of farmers. This is a mechanism design challenge that limits the scalability of space proof blockchains such as Chia or Filecoin. Since agriculture is based on storage, it is environmentally friendly and can be accessed by anyone with a hard drive. Subspace further organizes farmers into a permanent distributed storage service, inspired by BitTorrent Network, which allows the Subspace blockchain to expand on a large scale without sacrificing decentralization.
Solving the trilemma
Dr. Xie’s research solves a key aspect of the blockchain trilemma by allowing decentralized participation in the secure expansion of consensus, but it does not solve the problem of decentralized storage and synchronization of blockchain history, which is often referred to as blockchain expansion.
This problem became a core issue during the Bitcoin Civil War, and it was also a key reason why Ethereum refused to increase transaction throughput on the chain. Because Subspace’s PoAS consensus has already dealt with the expansion of the blockchain, combined with Dr. Xie’s research, it is the first protocol that can completely solve the blockchain’s trilemma.
Subspace is a zero-layer protocol that can interoperate with any first layer, making it the infrastructure layer of the Web3 ecosystem. Based on years of original research and development, Subspace aims to be the first protocol to solve the blockchain trilemma, providing an open and scalable platform for storage and computing.
Currently, Subspace supports Polkadot and Kusama, and more networks will be launched soon.