SendingNetwork is about to launch its node presale. Is it really worth a try for ordinary users?

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2024-04-17 13:54:09
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The mining gameplay and technology are constantly innovating, but which project can guarantee the returns for retail investors?

In February 2023, SendingNetwork raised $12.5 million in a seed round led by Insignia Venture Partners, MindWorks Capital, and Signum Capital through Sending Labs. The funds are used to expand integrations with various blockchain layers, including Avalanche and Arbitrum, as well as non-EVM chains like Solana and Sui, while developing specific SDKs and community ambassador programs.
By January 2024, SendingNetwork released a white paper introducing its three-layer client-edge blockchain architecture aimed at enhancing Web3 connectivity. This infrastructure is designed to integrate seamless communication tools for Ethereum-based projects, as well as future end-to-end encryption plans and new consensus mechanisms.
On April 12, 2024, SendingNetwork announced the presale of its WatchDog nodes starting in May, with 60,000 units available, allocating 12% of SEND tokens. These nodes, along with Guardian nodes, form a part of the network validation process.

As SendingNetwork progresses, its upcoming node presale is a key development that has the potential to further advance decentralized Web3 communication.

Beyond Traditional Architectures, SendingNetwork Implements P2P and Blockchain Hybrid Technology to Enhance Privacy and Efficiency

As blockchain technology continues to evolve and expand, the Web3 communication platform SendingNetwork proposes a brand new centralized communication solution aimed at overcoming the limitations of existing communication systems through innovative system architecture and key technologies. The design is based on three core levels: access layer, relay layer, and thought layer, each employing specific technologies to enhance the security, privacy, and efficiency of communication mechanisms.
Firstly, SendingNetwork emphasizes the optimization of peer-to-peer (P2P) messaging. By encapsulating from a client/server architecture to a P2P architecture, not only is the system's scalability improved, but user control over traditional data is also enhanced. Additionally, the platform adopts a blockchain-based messaging solution, using wallet addresses as unique identifiers for users across platforms, addressing latency and privacy issues in traditional communication models.
To ensure the privacy and security of communications, SendingNetwork implements an end-to-end encryption mechanism, utilizing the Double Ratchet Algorithm for key exchange, particularly suitable for secure communication in large group chats. The network also optimizes data propagation using the libp2p library, significantly reducing the frequency of cluster instances, and employs data minimization strategies to limit necessary data collection, further strengthening user privacy protection.
In terms of system architecture, SendingNetwork defines four main types of nodes: client nodes, customer nodes, edge nodes, and balance nodes, which work together to ensure the relevance of the network's edge and data. Clients access the P2P edge network through customer nodes, while edge nodes are responsible for instant messaging services without retaining user data, and validating nodes utilize public opinion for economic incentives and network consistency maintenance.
Moreover, the system employs two innovative consensus mechanisms: Proof of Relay and Proof of Availability. The Proof of Relay mechanism verifies the workload of cluster nodes processing messages, while Proof of Availability ensures global consistency of the network and incentivizes management nodes, all achieved through complex cryptography and algorithms, ensuring transparency and efficiency of network operations.

Through these proposed technologies and designs, SendingNetwork not only addresses privacy and security issues in traditional centralized communication networks but also enhances the efficiency and reliability of communication, providing users with a secure and efficient Web3 communication platform.

SendingNetwork Launches Testnet Mining: Can It Achieve a Decentralized Communication Ecosystem?

On March 13, 2024, SendingNetwork excitedly announced the launch of testnet mining, marking a significant milestone in our mission to revolutionize the way information is transmitted. Testnet nodes will be able to forward messages and will earn rewards for their core role in the network. All participants will receive SendingNetwork points for their contributions during this phase.
What is the Maximum Efficiency of SendingNetwork's Edge Network? Accelerating and Securing Information Transmission
Viewing the edge network as a secure high-speed highway for messaging, this network supports data clustering and caching operations within the P2P system. This innovative network ensures the speed and privacy of message transmission through two types of key nodes:
Relay Nodes: As the lifeline of the network, the primary responsibility of relays is to efficiently transmit data. These nodes have the opportunity to earn SendingNetwork points for providing critical services.
Validator Nodes: Playing the role of quality control, validators ensure the reliability of messages. In comparison, validators receive rewards through a comprehensive incentive system.

In our network architecture, edge nodes prioritize using available bandwidth and storage to handle encrypted messages, ensuring that online users' communications are fast and efficient, while providing secure data storage for offline users. There is no need for a trust basis—every message is encrypted and signed to ensure data confidentiality and ownership.
Coordinating and Incentivizing with Blockchain Technology, Deriving Various Innovative Mechanisms:
SendingNetwork's blockchain not only handles the registration process but also coordinates miner activities, benefiting from two innovative consensus mechanisms:
Proof of Relay: This unique concept assesses the message relay workload of edge miners, providing local insights to ensure a balance of interests among message senders, receivers, and the miners themselves. Relayers are compensated not only for message forwarding but also receive additional incentives for actively participating in the mining ecosystem.
Proof of Availability: A mechanism that evaluates the runtime and service quality of slow miners, based on a voting mechanism of stakes operating across the network, recording miner activity and optimizing network failure rates to enhance service quality. It eliminates roles in message transmission, ecosystem incentives, transaction fee processing, and addressing potential challenges while earning rewards.
Through these proposed designs and strategies, SendingNetwork not only optimizes the efficiency and security of communication but also creates a global incentive mechanism for participants, jointly promoting the future development of decentralized communication networks.

SendingNetwork Node Iteration: From Communication Layer to Web3 Infrastructure, Decentralizing a New Ecosystem

SendingNetwork, the communication layer of Web3, is delving into internet infrastructure through its innovative node sales activities, strengthening the TCP/IP model with blockchain technology, utilizing wallet addresses for direct P2P communication, greatly enhancing network security. This not only promotes the reliability and resilience of decentralized physical infrastructure networks (DePIN) but also supports data exchange between decentralized applications (dApps), laying the foundation for building a secure, decentralized, and scalable Web3 environment.
1. The Importance of Node Operations and Revenue Opportunities:
Participating in SendingNetwork's WatchDog nodes means users will play a key role in ensuring network message transmission and sharing bandwidth and storage resources, thus earning pioneering rewards. WatchDog nodes send challenge messages to edge nodes in the network and collaborate with Guardian nodes to ensure these nodes operate efficiently within the network, maintaining stability and availability.
2. WatchDog Node Sales Details:
Sales Start Date: May 2024
Node Type: WatchDog Node
Number of Nodes Available: 60,000, using a tiered pricing system
Node Rewards: 12% of the total supply of $SEND
Transferability: Transferable after one year of purchase
Special Note: Reserved for the SendingNetwork community, partners, and KOLs, including early network adopters with whitelist priority
3. Layered Public Node Sales for All Participation:
SendingNetwork's layered node sales aim to open access to its expanding network more fairly, ensuring that all participants have the opportunity to join this decentralized innovation drive. While some nodes are specifically prepared for whitelist users, including KOLs and individuals from the SendingNetwork and its alliance community, the majority of resources will be made available to the public on a first-come, first-served basis.

By participating in SendingNetwork's node sales, contributors are not just joining a system but becoming foundational elements of a decentralized network that widely rewards contributions and ensures future security. SendingNetwork is committed to building a fully decentralized communication network, re-empowering users with high privacy protection, efficiency, and freedom of communication, ensuring that no single entity can control or restrict users' communication freedom. This mission guarantees that participants' communication activities are free from the constraints of any single centralized power, promoting the realization of true decentralization and user-centricity.

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