Omicro Blockchain

Jonathan Yue, PhD
3 min readApr 29, 2022

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Omicro Network will be the highly scalable public blockchain that can scale to millions of nodes without compromising the loss of decentralization, transaction speed, and security. With the Omicro Network, hundreds of millions of businesses can conduct P2P transactions without any middlemen, billions of people can directly transact with one another, and trillions of dollars can be moved to the blockchain securely. Applications of the network extend to stable coins, payments, secure contracts, medical records, NFT, supply chain, and digitized assets; the applications are broad. The issue with existing blockchain solutions is that one aspect of either decentralization, scalability, or security would be sacrificed to strengthen the other two. The Omicro Network solves the blockchain trilemma using its dynamic circuit technology, supermajority quantum safe approval of transactions, and secure contracts. Each transaction is validated and approved by more than two-thirds supermajority of the nodes. Quantum safe ensures that even with availability of quantum computers, it is infeasible to commit an identify theft on the blockchain.

Omicro’s unique advantage is that it is a green, healthy, carbon-neutral blockchain ecosystem that does not depend on hash rates, GPU, and storage for operation. New nodes enroll to the Omicro network with qualified resources including memory, CPU, and internet speed; there are minimum requirements to become a node on the Omicro network. A node costs only a regular computer, which is significantly less than the cost to run current blockchain nodes. PoW is not used in the Omicro network which is notoriously known for the excessive amount of energy and computational resources needed to solve the hash puzzle. PoS is also not used in the Omicro network for the reason that it does not fully encompass the whole idea of permission-less and decentralization. In PoS, nodes with more tokens staked have an unfair advantage where they can have control and power simply based on monetary leverage. Instead, proof of memory is utilized where memory-hard computations are performed to evaluate candidate nodes, which leverages on intellectual power and not resources. Omicro technology is based on a green and fast voting mechanism. It can be called PoV or Proof of Vote.

Omicro’s dynamic circuit technology allows scalability to billion nodes while retaining a fast transaction speed of only three messages per node to reach consensus with the Omicro consensus protocol. Every node participates in the consensus process which utilizes multiple leader nodes, voting rounds, and zones to ensure maximum security yet retain a very fast messaging process.

One of the features of Omicro is secure contracts that are prebuilt and well-tested contract forms where any user, no programming experience required, simply needs to fill in the terms in the form and submit. Secure contracts are built from the community, are reusable, and eventually there will be enough forms out that it will be as functional as a standard smart contract without the risk of hacks. Omicro also offers standard smart contracts for more experienced programmers so that there is no loss of functionality. Hacks usually happen during the compilation and execution of code, but since secure contracts are prebuilt and thoroughly tested, there exists virtually no chance of exploitation.

The unique advantage of Omicro technology allows it to support a native stable coin (Ocoin) network consisting of millions of nodes or even tens of millions of nodes that are within administration of the government.

An NFT (Non-Fungible Token) is a digital asset that represents real-world objects like art, music, tickets, in-game items and videos. They are traded online, frequently with cryptocurrency, and are generally encoded with the same underlying software as many cryptos. With the light-weight infrastructure of Omicro, NFT transactions can be processed and retrieved more securely and rapidly.

Omicro technology can also enable a time bank network where hundreds of millions or even billions of people can volunteer their time and love to help the elderly, the needed and record their time and credits on the blockchain network. In return, they could spend their credits in the future when they themselves need help from other people. Such application needs a large-scale blockchain network.

Omicro network is the candidate for a decentralized, scalable, and secure solution to tackle the blockchain trilemma that existing blockchains have yet to fully accomplish.

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Jonathan Yue, PhD

Enthusiast on vector databases, AI, RAG, data science, consensus algorithms, distributed systems. Initiator and developer of the JaguarDB vector database