Waterfall

Meet Waterfall Network at Korean Blockchain Week! 🚀

Thank you for having us!

Some great news is coming! Stay tuned! 👨🏻‍💻

Dr. Sergii Grybniak, , Head of Research for .network
highlighted Waterfall Network the “AI & Web3 In Green↑” event at Coinfest Asia 2024 .asia

🌐 Waterfall Network at the Asia Blockchain Summit! 🚀

👋 If anyone is at The Science of Blockchain Conference 2024 (SBC’24) you can meet us there!

We would like to share the presentation we gave after last niching our first testnet in October 2021 at Gulf Blockchain Week.

So, what's unique about Waterfall?
Our Protocol is fast flowing, highly scalable Proof-of-Stake smart contract platform that solves blockchain trilemma:
📌 Scalability
📌 Decentralization
📌 Security

Follow the link to learn more about Waterfall Protocol: https://youtu.be/WkFgwSMiCPs

🚀 Exciting News Alert! 🚀

We are constantly working to push the boundaries of innovation, and yesterday marked a significant milestone in our journey!

At the 2nd meeting of the IEEE P3228 Working Group, we presented "Blockchain-Enabled Economic Transactions: Recurring Financial Accruals and Payments."

This remarkable presentation is part of our project, "The Recurring Transactions on the Distributed Ledger Technologies (DLTs)," which has received approval from IEEE Computer Society/Blockchain and Distributed Ledgers (C/BDL) Standards Committee.

Our mission with this standard is to revolutionize various industries, including public services, banking, finance, insurance, real estate, commercial payments, and online services. By providing a powerful resource for implementing blockchain and distributed ledger-based recurring payment methods 💼💳

For more in-depth information, you can explore our papers at the following links:
📃 https://ieeexplore.ieee.org/document/10087077
📃 https://standards.ieee.org/ieee/3228/11069/
📃 https://opensource.ieee.org/oscom/official-project-requests/-/issues/15

Watch the presentation by following the link: https://bit.ly/44whOI1

IMG_5104.MOV

🔔 Waterfall Network open public testing is coming soon..

We are all proud to say thank you for the trust and support our team!
The new testnet was launched this weekend and is currently being prepared for opening the public access to it.

Our first testnet was launched at Dubai Blockchain Summit 2021, since then we did huge piece of work (see posts above) thus very soon you will be able to join our testnet and become a validator by following the link: https://www.waterfall.network/ -form

Stay tuned! 😉

Waterfall - DAG-based scalable smart contract platform. Waterfall is a highly scalable smart contract platform for the development of decentralized applications(DAPPs). The distributed protocol is based on Directed Acyclic Graphs with fast finality Proof-of-Stake consensus.

We’re proud to announce that one more article has been published - «Waterfall: Salto Collazo. High-Level Design Of Tokenomics» ⬇️

Waterfall: Salto Collazo. High-Level Design of Tokenomics - Advances in Science, Technology and Engineering Systems Journal 1Institute of Computer Systems, Odesa Polytechnic State University, Shevchenko av. 1, Odesa, 65044, Ukraine 2Faculty of Mathematics, Physics and Information Technologies, Odesa I.I. Mechnikov National University, Dvoryans’ka St 2, 65082, Odesa, Ukraine

Hi everyone! 👋

Members of our team participate in the open-source project (IEEE Standards). This project aims to establish standards for implementing blockchain and distributed ledger-based recurring payment methods across various sectors.

Here you can learn more about Project P3228 and join it 🔽:
https://www.linkedin.com/pulse/harnessing-power-recurring-accruals-payments-ease/?fbclid=IwAR0ThvLMpuLWprGL7g77QDB6oNHonfDQb4hrSsvQMgqpjdnH_DUc4gdf7xM

May this beautiful holiday season fill your heart with love, your home with joy, and your life with laughter. Wishing you and your family love, peace, and happiness!

Merry Christmas! 🎄

Waterfall is proud to present a new paper, co-authored by our founder, that was recently published at IEEE Xplore: "Decentralized Platforms: Goals, Challenges, and Solutions.”

Today there is a trend to deploy both commercial and social applications and services on decentralized platforms. This trend strives to satisfy modern society’s demands for greater openness and transparency of information, freedom of access, and equal rights of participants. However, the sophisticated architecture of decentralized platforms poses new challenges to system developers.

This paper discusses the goals, tasks, and problems that arise when transitioning from traditional (centralized) to decentralized technologies, and presents potential ways to solve them.

Follow the link to read the full article:

Decentralized platforms: Goals, challenges, and solutions Today there is a trend to deploy both commercial and social applications and services on decentralized platforms. This corresponds to the demands of modern society for openness and transparency of information, freedom of access, and equal rights of participants. However, the more sophisticated archi...

Boo 👻
Trick or treat?

🎃

We are at the finish line! 💪🏼

Waterfall is launching its RC (Release Candidate) version! We are entering the pre-release stage, where all bugs will be fixed to avoid any technical issues. 

Waterfall is going all out to perfect our product for its users!

Happy Monday, Waterfallers! 🍁

Let’s kick off the week with a quote from Seneca: “It is not that we have a short space of time, but that we waste much of it.”

Remember: Time used wisely is the best investment ever⏳

Have a great week!

Waterfall is a highly-scalable smart contract platform for the development of decentralized applications (dapps) and financial services.
The distributed protocol is based on Directed Acyclic Graphs (DAGs) with fast finality Proof-of-Stake (PoS) consensus.

The Waterfall platform consists of the Coordinating and Shard Networks, achieving high transaction throughput due to parallelized block production. The DAG structure facilitates scalability, which is one of the main challenges of decentralized technologies.

Who can disagree? 😏 .guns

Our Hackathon is over, and it’s time to announce the winners!

🎁 1st place winner in overall Waterfall category: Carlos Whitmarsh - $2,000
🎁 1st place winner in DAO Category: D Videos, Team member - Brian Garcia – $2,000
🎁 1st place winner in Best Student Project category: Building Block Transport, Team Members - Emmanuel J González-Morales – $1,000
🎁 2nd winner in Gaming Category: Floppy DApp, Team members - Manuel Santos, Yamil Hernandez, Johanne López – $500

That was our first Hackathon and first validation from third party developers about usability and applicability of the technology

We want to thank everyone who took part in the competition! You can look forward to more Hackathons in the future!

Follow us to stay updated!

Let the begin!🎉

Waterfall's Hackathon is an online event that will focus on the development of Web3 applications, incorporating blockchain technologies🔗

Participants will get a chance to work with smart contracts, as well as develop various blockchain applications. To wrap up the event, you will present your prototypes to judges and other interested parties. 

Categories to be considered for hackathon tasks include:

📌 Deploy ERC20/ERC721 tokens and set up a web interface to manage them (like list/minting/transfer).
📌 Based on ERC20/ERC721 tokens, create or improve (e.g., Aave / Curve / Uniswap) a financial instrument for staking, crediting mechanisms, etc.
📌 Implement a mechanism for management and voting in an organization. 
📌 Implement a user-friendly web interface.
📌 Implement a game where assets are stored within NFTs, and ownership of the assets is determined by the rights of the NFT.
📌 Implement an NFT marketplace like https://opensea.io. 

There will be four winners, and the opportunity to win:
🎁 1st place - $5,000
🎁 2nd place - $2,500
🎁 3rd place - $1,000
🎁 4th place - $500

To learn more and register, follow the link: https://waterfall.foundation/hackathon/ 

Best of luck!

Welcome to our Hackathon ⬇️

https://newsismybusiness.com/web3-hackathon-slated-for-aug-25-28-in-bayamon/

Web3 Hackathon slated for Aug. 25-28 in Bayamón The goal of the event is to accelerate the adoption of Blockchain and Web3 technologies in Puerto Rico.

Growth is an integral part of the
We are pleased to announce our own event on August 25, 2022, where all participants will be engaged in collaborative computer programming, with an opportunity to win prizes! 🎁

The link will be sent shortly.

Follow us to stay updated, and don't miss the event!

Presently, our main goal is to be able to integrate with other protocols and ecosystems. A bridge test shows us how well our blockDAG integrates with other blockchains like Ethereum, Binance SmartChain, and with dApps like Uniswap🔗
Developers will be able to use the Waterfall protocol in the very near future.

Waterfall Bridge is a two-way token bridge that provides a seamless ERC-20 transfer. You can transfer ETH to the Waterfall network and back by cross-chaining Ethereum ERC-20.

The Waterfall network can already be used as a SideChain (https://ethereum.org/en/developers/docs/scaling/sidechains/ ) for WRAP ETH, and WRAP BNB (other tokens to be added to the queue).
The example below highlights the successful transactions of our Bridge.

To use ETH in decentralized applications on Waterfall, you simply commit WETH (wrapped ETH) to your Bridge account, and the equivalent token on Waterfall will be transferred. For user convenience, we have reduced our transaction fees.

Click https://waterfall.foundation/testnet_bridge_test_1/ to learn more about our bridge test.

If you have questions about the Waterfall project or our bridge test, please post them in the comments below ⬇️

Uniswap is a decentralized crypto trading ecosystem that hosts a growing network of DeFi apps.
The protocol provides a financial marketplace where developers, traders, and liquidity providers can trade, earn and build.

To use Uniswap with Waterfall, you must first install the MetaMask browser extension, or download the mobile app 📲

Once MetaMask is installed, you can set up Uniswap in a few simple steps:
1️⃣ Go to the Uniswap Waterfall link (https://uniswap.waterfall.network/ #/swap)
2️⃣ Click “Connect Wallet”
3️⃣ Select “MetaMask from the dropdown list
4️⃣ Confirm your connection
5️⃣ Select “Waterfall” in the networks list

Now you’re ready to dive into the Uniswap ecosystem!

MetaMask is a crypto wallet that provides a convenient gateway to blockchain applications. With MetaMask, you can easily manage all your digital assets in one place.

MetaMask equips you with a key vault, secure login, token wallet, and token exchange, so you can buy, send, swap and store tokens. Metamask is available as a browser extension, or you can download the mobile app.

You can easily install MetaMask on your browser in just a few simple steps:

1️⃣ Go to the MetaMask website
2️⃣ Click “Download”
3️⃣ Click “Install MetaMask for [select Browser Name]
4️⃣ Click “Add to [Browser]”
5️⃣ When the pop-up appears, click “Add”

To download the mobile app, visit your app store📲

📌 Validators
Waterfall uses the Coordinating Network chain for validator control. There is a statement “epoch” that includes 32 slots, and a committee is created in each slot for each shard.

At the beginning of each epoch, the validators are evenly distributed among 32 committees. If a minimum of eight validators is needed for each committee, we would need a total of 256 nodes/validators. To decrease the number of nodes deployed, we reduced the number of slots from 32 to eight, for a total of 64 nodes.

Each slot in the epoch is the time interval within which the blocks are created. On Testnet, we have set the time slots at 10 seconds, meaning that each 8-slot epoch lasts 80 seconds. For each slot lasting 10 seconds, finalization occurs in about 20 seconds.

For now, we are using only one committee per slot and sorting the committee validators. Depending on the number of transactions in the pool, we select how many blocks need to be created, and we use the sorting list to select which validator will take the transactions from its group. The transaction group is formed by the last number in the transaction hash, as is described in the specification.

📌 Metamask integration
In order for users to be able to test the network functionality and send transactions within the Waterfall network, we are using Metamask as a user-friendly tool. We will soon provide a guide on this page on how to set up MetaMask.

📌 Server parameters
We are using 64 2+Cores / 2 GB RAM Amazon Web Services (AWS) servers. At the moment of writing, the price is about 30 USD per month.

We invite you to explore our website, join our channel and share our news with the tech community.

Hello Everyone! 👋🏼
This is the official channel and group chat for Waterfall Protocol.

WATERFALL - A Highly Scalable Smart Contract Platform:

Our website:
🔹 https://waterfall.foundation/

Do you have questions about our project ?
Feel free to ask us anything you want to know about the protocol