Hello Hypernauts! This month, we’re excited to share an updated technical roadmap.
The roadmap below includes past and future developments leading to testnet, which we currently expect to reach by the end of Q2. Additional granularity should give you more insight into everything that has been achieved thus far and how it will contribute to the steps that remain to realize the Hypernet vision.
In part 2 of this post, we spotlight major achievements over the past year.
The Road Ahead: How It All Fits Together
The Hypernet Protocol was conceived as an exciting and innovative way to facilitate a marketplace for computing hardware and software. The blockchain based design could potentially make the distribution of computing power more globally efficient and more easily and broadly accessible. We’re building the Hypernet Protocol to bring this vision into reality.
The Front End
We knew that the Protocol and computing marketplace would require a front-end entry point or access portal. Without this, there would be no way to access the resources on offer and use them.
The portal would need to provide access and make it possible to run the kinds of computing jobs that are driving all fields of science and technology forward, across the globe. This is the purpose of the Galileo web application, which has been intricately developed to meet the needs of a broad array of potential users.
Microtransactions for Metered Services and L2
We also knew that a marketplace for this kind of utility has particular requirements that are not currently met by most online payment methods or general blockchain technology.
Facilitating microtransactions for metered services would be a necessary capability for the Protocol.
These include the ability to do very small scale metered payments, repeatedly, over a large span of time. Innovative solutions are necessary in order to facilitate low value, high frequency payments for a metered resource in a marketplace setting.
Facilitating microtransactions for metered services would, thus, be a necessary capability for the Protocol, but designing around the limitations of blockchain technology presents significant challenges. In particular, difficulties related to transaction throughput, dispute resolution, and transaction fees will need to be overcome.
To address this issue, the Hypernet Protocol is designed to take advantage of layer 2 innovations, including micropayments and state channel technology (more information here).
A marketplace for computing power would also require a dispute mechanism for exchanges, in which multiple parties could initiate a dispute. This is included in the Protocol development blueprint, and we plan to give you a demonstration of our solution in an upcoming video.
Stay tuned for our next video update in which we demonstrate a major architectural component of the Protocol: the HyperConnector.