Intro to Netsbo
Intro to Netsbo
The era of technological progress and global digitalization continues to rapidly gain momentum. Today we are on the threshold of transformations. Transformations that will redefine the concept of business and financial relations.
We intend to be at the center of this process by creating a platform that will serve as the foundation for decentralized solutions. One that will be accessible and efficient for every business, regardless of its scale or direction.
We are committed to ensuring that every business, be it a start-up, small enterprise or large corporation, can take advantage of our network — to improve its own efficiency, sustainability and competitiveness.
Our network does not just offer a technological solution. It provides a new space for business — one that is fairer, more open and more innovative. The goal of its creation is to make blockchain opportunities accessible to the widest range of entrepreneurs.
We believe in the power of blockchain technology as a tool for creating transparent, secure and efficient solutions.
To solve this task, we can leverage the experience and technologies of blockchain giants.
For our further work, we have chosen one of Ethereum’s branches of development — Fantom. Based on it, we have created our own platform, Netsbo.
We plan to launch a number of projects on Netsbo that will not just be “one of the solutions”, but may also set new standards in this segment.
Netsbo is a high-performance, scalable and secure platform for smart contracts. It is designed to overcome the limitations of previous generation blockchain platforms. Netsbo is a decentralized open-source solution.
As stated above, our platform is based on the developments of the Fantom team, namely the revolutionary Lachesis consensus algorithm.
Instant transactions
The transaction takes less than one second to complete.
In the modern world, with its frantic pace of life, speed is highly valued. Any action must produce results as quickly as possible, especially when it comes to financial transactions.
Netsbo eliminates the need to wait and worry, constantly checking the time. Start and complete your transactions instantly — almost simultaneously with a mouse click or a tap on smartphone screen.
High level of security
Netsbo validator nodes form a global Proof of Stake network without any single point of control by any individual (leader). In other words, interactions within the network are based not on trust in a leader but on the complete transparency of all processes. This allows to ensure an exceptionally high level of security.
Netsbo aBFT consensus called Lachesis is capable of scaling across numerous nodes worldwide without requiring any access rights for validators. This ensures the highest degree of decentralization. The consensus does not use delegated proof of stake or employ masternodes.
EVM (Ethereum Virtual Machine) compatibility
Deploy and run your decentralized applications using the Ethereum blockchain on Netsbo.
The Lachesis consensus algorithm allows our network to process thousands of transactions per second. In addition, running applications will incur lower costs compared to other networks with lower throughput.
High scalability
Netsbo can process thousands of transactions per second and scale to thousands of nodes, increasing decentralization and therefore security. The network is also capable of supporting a practically unlimited number of validators.
Lachesis ensures the security of institutional-grade distributed networks. Netsbo guarantees the full completion of all transactions, eliminating the possibility of their cancellation.
Environmental friendliness (Proof of Stake)
Netsbo is secured by the Proof of Stake algorithm. Unlike Proof of Work used by Bitcoin and Ethereum, Proof of Stake prevents centralization and allows reducing energy consumption.
The issue of energy saving is especially important today, considering the threat of climate change looming over humanity. The whole world is aware of the need to be more careful about the environment. Against this backdrop, Bitcoin mining alone leads to emissions of about 57 million tons of carbon dioxide annually.
The Proof of Stake algorithm used by Netsbo eliminates mining as the network’s working mechanism. Transactions in Netsbo are confirmed by validators, so the system does not require powerful equipment that harms the environment.
The Netsbo network consumes exactly the amount of resources needed to maintain it.
Public availability
1. Netsbo is open-source. Github
2. No permission is needed to connect to Netsbo. Anyone can run a node.
On Netsbo, a practically unlimited number of validator nodes can participate in securing the network if a minimum of 500 CBR coins are bonded.
If you don’t have enough tokens to become a validator or you are not an expert in using distributed systems, you can still participate in ensuring network security.
You can delegate a minimum of 1 CBR to a validator node and receive a reward for it.
3. Network governance (DAO)
Netsbo is run by a community of CBR coin holders. Relations are built on the principle of equal partnership — there are no leaders in the system who make decisions individually.
All issues regarding the development of the network are put to a general vote, in which every CBR holder has the right to participate. You just need to stake your CBR to take part in the voting.
Anyone can join the Netsbo community and carry out decentralized network governance.
Adaptability and stability
The main advantage of first-generation blockchains is also their main drawback. Once the blockchain is launched, making any changes to it is extremely difficult, and sometimes outright impossible.
At the initial stage, developers did not have the data to understand the full range of tasks that would need to be solved in the future. When the necessary conditions and new opportunities arose, it was already impossible to make changes to the blockchain.
When launching Netsbo, we used all technological solutions to allow the network to adapt to changes. For this purpose, a mechanism based on DAO (Decentralized Autonomous Organization) was developed.
Changes to the network are made by voting by all CBR coin owners. Thus, the network is governed by a community interested in its expansion and development — the coin holders make decisions on all important issues.