In-depth Analysis of Multiple Network: Why It Has Won the Favor of OKX Ventures?
What distinguishes Multiple Network, which has joined the investment landscape of OKX Ventures?As the digital transformation of enterprises accelerates, traditional WAN architectures can no longer meet the modern demands for fast, stable, and secure data transmission. More and more companies rely on cloud services, remote work, and global business operations, requiring networks to have higher flexibility and reliability. Therefore, SD-WAN, as a solution that can optimize network performance, reduce costs, and enhance security, has received widespread attention and application. The demand for SD-WAN (Software-Defined Wide Area Network) has significantly increased, allowing enterprises to achieve intelligent management of network traffic and enhance user experience, thus gaining a competitive edge in a fierce market. However, issues such as high costs, installation difficulties, insufficient data security, and poor stability have gradually emerged with the large-scale application of SD-WAN.
The establishment of Multiple Network combines SD-WAN to address the existing problems. As the latest investment target of OKX Ventures in the DePIN field, Multiple Network is committed to utilizing advanced SD-WAN technology to create an efficient and secure network transmission layer, supporting the rapid flow of digital assets and data. Its vision is to establish a decentralized physical infrastructure network (DePIN) that fundamentally changes the way data is transmitted in the digital realm.
Multiple Network aims to build a more flexible, efficient, and democratized infrastructure ecosystem, which enhances network resilience while reducing the risk of single points of failure, improving network scalability and adaptability, ensuring that the infrastructure network can continuously evolve and optimize in the face of changing demands and challenges. Why Multiple Network can become the fourth DePIN ecological project invested by OKX Ventures, and how it achieves its ecological construction, I will analyze from both its technology and investment aspects.
The First to Propose the Concept of De-WAN (Decentralized Wide Area Network)
Traditional centralized file transfer solutions rely on central servers, such as FTP, HTTP, and SFTP, where all files are stored and transmitted through a central server, making management and maintenance relatively straightforward. However, these solutions also have obvious drawbacks: single points of failure, poor scalability, and limited transmission speed. Multiple Network is the first to propose the De-WAN concept, standing out as a highly accessible, cost-effective, and secure network solution with flexible deployment options and robust performance. It has the following characteristics:
Low Threshold: Multiple Network only requires an internet connection and has very low hardware requirements, allowing anyone to easily join the network. Due to the low hardware threshold of Multiple Network's Relay Nodes, various idle hardware devices (including personal computers, programmable routers, and mobile devices) can join the network by providing network bandwidth resources, creating a huge user base and node count, making decentralized De-WAN transmission a reality.
Low Cost: By utilizing participants' existing idle resources, Multiple Network significantly reduces operational costs, making advanced network features affordable for both large and small enterprises.
Decentralized and Strong Privacy Protection
Multiple Network is completely decentralized, controlled by participating nodes, ensuring strong privacy and data security. It eliminates the risks of data leakage and unauthorized access by distributing control and encryption within the network.
Flexible Deployment: Multiple Network offers instant deployment without complex applications or lengthy preparations. Users can cancel at any time and pay as they use, making it very suitable for dynamic business environments.
Robust Ecosystem: Multiple Network is an open network layer with infinite possibilities. Developers can access network functionalities using standardized SDKs and APIs to create applications and decentralized applications (DApps).
UDP VS UDT VS TCP
At the same time, Multiple Network has built an open and efficient network layer by integrating cutting-edge technologies, including blockchain, SD-WAN, peer-to-peer (P2P) networks, and advanced encryption technologies. TCP (Transmission Control Protocol) and UDP (User Datagram Protocol) are two common transmission protocols, each with its advantages and disadvantages. UDP has high transmission efficiency, requiring no connection establishment; it is suitable for applications with high real-time requirements, such as live video streaming and online gaming. However, it has poor reliability, lacking congestion control and forwarding mechanisms, which may lead to packet loss or order loss. Multiple Network has begun to adopt UDT (UDP-based Data Transfer Protocol) as the core protocol for real-time file transfer, utilizing the decentralized De-WAN architecture for more efficient and reliable file transmission.
Unlike traditional UDP, UDT provides better data integrity guarantees while maintaining high transmission efficiency. Specifically, UDT uses enhanced ACK (acknowledgment) and NAK (negative acknowledgment) mechanisms during transmission to quickly detect packet loss and initiate retransmission, ensuring data integrity.
The UDT protocol optimizes congestion control by using adaptive algorithms to monitor network conditions in real-time and dynamically adjust transmission rates, avoiding the performance bottlenecks of traditional TCP in high-latency and high-packet-loss network environments. UDT employs a rate-based congestion control mechanism rather than the traditional window-based control mechanism, making it more effective in high-bandwidth and long-latency network environments.
In summary, the UDT technology proposed by Multiple Network will detect and recover packets more accurately and timely compared to UDP. UDP itself does not guarantee reliability, which may result in packet loss or incorrect data transmission order. UDT builds on UDP, adding reliable transmission mechanisms, including acknowledgment and retransmission, to ensure data integrity. UDP lacks a congestion control mechanism, which may lead to network congestion. UDT uses rate-based congestion control to dynamically adjust transmission rates to prevent congestion. The two complement each other, filling gaps while improving transmission rates to prevent congestion.
Becoming the Fourth DePIN Project in OKX Ventures' Investment Portfolio
OKX Ventures has a keen eye in the DePIN track, having previously invested in three companies: io.net, Meson Network, and Privasea. After receiving investment from OKX Ventures, these three companies have made significant progress and success in their respective fields. Here are the performances of these three companies after financing:
- io.net:
io.net focuses on distributed computing networks, particularly GPU training networks. After financing, io.net rapidly expanded its node network, significantly improving the efficiency and scale of distributed computing. The company also launched several products aimed at enterprises and developers, driving innovative applications in artificial intelligence and big data processing. As of August 2024, io.net's circulating market cap is $201 million, with a fully diluted market cap (FDMC) of $1.7 billion (data source - CMC).
- Meson Network:
Meson Network is dedicated to building a decentralized bandwidth market. After financing, Meson Network expanded its user base and enhanced the stability of the network and the supply of bandwidth resources. Through a series of technological upgrades and community activities, Meson Network successfully attracted a large number of users and node operators, further consolidating its market position. Since the launch of Meson Network, its token reached a peak price of $8.83, with a market cap peak of 176 million.
- Privasea:
Privasea focuses on privacy protection and secure communication solutions. After financing, Privasea accelerated its product development and market promotion, launching a series of privacy protection tools and services for individual and enterprise users. The company's innovative technology has achieved significant results in protecting user data privacy and secure communication, gaining widespread market recognition and user trust. As of now, Privasea's token has not yet started trading, but with investments from VC firms like @BinanceLabs/OKX_Ventures, its future market cap should be comparable to the first two, further confirming the development prospects of its DePIN track.
Multiple Network, as the fourth DePIN investment project of OKX Ventures in the DePIN field, should not be underestimated in its future potential. Currently, its team has begun preparing for the first round of testnets and has launched an early participant badge airdrop event on Galxe, with a test slot valued at $400-$600. Within less than a week of the event's launch, participation has exceeded 30,000 people. Event link: https://app.galxe.com/quest/CMJag55imV76sQFspz2ciy/GCASqtkNqD
