Support

Learn more about the Monet project

Support

MONET GmbH is based at 6 Gartenstrasse, 6300 Zug. It is supported by our parent company Mosaic Networks LTD based at 81 Curtain Road, London. Please refer to our website for further information and for an overview of the team:

www.mosaicnetworks.io

Developers

Roadmap

Monet Hub

Babble Libraries

Babble

EVM Lite

V 0.2.1

Babble Consensus System

V 0.2.1

V 0.1.0

Lightweight wrapper around the EMV that plugs into any consensus algorithm.

V 0.1.0

Chatterbox v1

Chatterbox is a chat application for Android which uses Babble to distribute and order messages among peers. We use it as a sandbox and demo before we get a stage that will allow us to build an actual SDK. This first version uses static list of peers.

Chatterbox v1

FastSync

Enable nodes to catch-up without having to download the entire history.

FastSync

Testnet 1

Deploy first testnet on AWS.

Testnet 1

Clients (CLI+GUI)

JS libraries and applications to interact with EVM-Lite node; wallet. Basis for TENOM wallet.

Clients (CLI+GUI)

Dynamic Membership

Enable changing the peer-set dynamically, via consensus, as peers request to join or leave.

Dynamic Membership

PoA

Implement a Proof of Authority system with whitelisted validator set (in a Smart Contract) tied to the Babble membership protocol. The whitelist control which Join Requests are accepted and can be amended by the current validators via multisig - like process.

PoA

Chatterbox v2

The second iteration of Chatterbox uses WiFi Direct to connect phones without needing an Internet connection. The process of forming group is simplified thanks to WiFi Direct’s service-discovery feature.

Chatterbox v2

Testnet 2

Update the testnet with new features that allow changing the validator srt dynamically.

Testnet 2

Chatterbox v3

This version uses the new Dynamic Membership feature of Babble to enable peers to join and leave groups on the go. This development considerably simplifies the formation of groups and get close to our ideas of mobile ad-hoc blockchains.

Chatterbox v3

Mainnet

Onboard validators and launch Mainnet. TENOM token and Wallet. Validator Set can be amended dynamically via the PoA Smart Contract.

Mainnet

First IBC Smart Contract on Hub

Chatterbox - iOS

Create iOS version of Chatterbox, compatible with the Android version. iOs doesn’t support WiFi Direct, so the big challenge will be to bridge that gap somehow.

Chatterbox - iOS

Babble light-client

Implement a Smart Contract to process IBC packets.

Babble light-client

IBC

Define the Inter-Blockchain Communication protocol (In particular, the structure of IBC packets) to enable cross-chain communication.

IBC

Babble Mobile SDK

Decouple Babble logic from the rest of the app to create a general purpose Babble mobile SDK.

Babble Mobile SDK

In the process

Finished

Monet is an open network architecture for mobile blockchains on demand. It enables groups of people involved in any task or activity to form temporary networks with their mobile devices and coordinate themselves without needing trusted third parties.

The Monet Hub is a first and special kind of blockchain in Monet. Unlike its ad hoc counterparts, it is an always-on network that supports the ecosystem and enables inter-blockchain communication.

Monet consists of multiple ephemeral blockchains that users dynamically create with their mobile devices. Such functionality is made possible by Babble, a pluggable consensus mechanism suitable for mobile deployments, and Monet Hub, an always-on blockchain that supports the ecosystem and provides infrastructure for the first applications on the network.

We engage in the sharing economy for many aspects of our everyday life: transportation, housing, and delivery just to name a few. However, today's peer-to-peer economy relies almost exclusively on trusted third parties acting as coordinators. That means users get convenience in exchange for privacy, transparency and control over their data and computations. Public distributed ledgers attempted to solve this problem by removing centralized intermediaries from the equation, but these public blockchains are too cumbersome to run on mobile, where most of the shared economy takes place. Monet allows participants to directly engage with each other in a truly decentralized manner via ad hoc temporary mobile blockchains.

Monet is a new public network independent of other blockchains. It is comprised of multiple ad hoc blockchains created by users.

Monet is not directly related to Ethereum, Bitcoin or any other blockchain. However, thanks to Babble’s simple blockchain design and the Hub’s use of the Ethereum Virtual Machine, bridges can be established with other platforms via inter-blockchain communication protocols.

The Babble SDK, Monet’s fundamental building block, enables developers to add blockchain functionality to their applications and embrace a serverless architecture. Under the hood, these applications connect directly to nearby peers, setup or join ad-hoc blockchains, and broadcast commands within the group to coordinate interactions without reverting to a central authority. The consensus algorithm ensures that every participant processes the same commands in the same order even in the presence of faulty or malicious behavior. The Hub is an optional public utility that helps with connection establishment in the face of NATs, and provides a distributed and secure Smart-Contract platform for hosting non-transient logic, like peer-discovery, ID, and inter-blockchain communication.

Companies that intermediate various segments of the sharing economy enjoy control over the informational and financial flows they enable. In other words, to be able to use these platforms, users give up a lot of information about themselves and pay a significant price. Even with public blockchains like Bitcoin and Ethereum, most users play a passive role; they are clients in a client-server model and the work of securing the network is left to somebody else. Monet introduces a new paradigm where users only connect to people they need to be connected to, and only for the duration of their interaction. This is made possible by recent advances in blockchain technology that empowers people with new ways of reaching agreement within a group.

Monet captures the inherently localised nature of the sharing economy by allowing the formation of confined networks where only interested participants are connected. Any application can be built on this model: transportation, delivery, housing, space rental, personal services, professional services, networking, learning, custom goods transactions, pre-owned goods and others. The very nature of blockchain, an immutable ordered list of transactions, is particularly relevant for financial applications: p2p lending, payments, bill sharing, etc. Monet could also be used to build p2p multiplayer games without having to reinvent the wheel.

Yes, monet is an open source project. You can view more details on our GitHub: https://github.com/mosaicnetworks

The easiest way to get involved is to join the conversation about Monet on our Telegram channel here [give the link]. We are happy to answer any questions you might have about the project. If you are a developer and want to contribute, please visit our GitHub: https://github.com/babbleio. We are excited to learn your vision about how Monet can benefit your project.

Our current goal is by the middle of June 2018, to have a stable release of the Babble consensus. The version will include a blockchain interface and mobile SDK. Stay tuned for more details.

You can find all the information on this page: https://www.mosaicnetworks.io/team.html

Yes, you can find many MONET reviews on the Internet. Some of them are: Cryptobriefing Review (Andre Cronje), blog CyberFund, David Pakman Show.

Babble combines the advantages of the gossip protocol with the benefits of linear data structure of a blockchain. The former makes it possible to achieve near instant finality, low latency, high throughput and simultaneous transaction processing. The latter enables Babble-powered blockchains to communicate with other blockchains via Inter-Blockchain Communication protocols.

Hashgraph is a form of Directed Acyclic Graph that cryptographically records the history of gossip. Gossip protocol is in the foundation of Babble. However, Babble takes this data structure one step further and maps ordered transactions into a blockchain format.

Key advantages of Babble consensus are speed, throughput, low costs, simple interface and pluggability.

A user needs to have a Babble-powered app on his or her phone and other users need to be discoverable and directly reachable at an IP:Port endpoint. NAT traversal, a computer networking technique of establishing and maintaining connections across gateways, is also required for peer-to-peer network applications powered by Babble.

A single device is capable of launching a Babble-powered ad hoc blockchain.

Monet builds an infrastructure for decentralized application developers. It is up to the developers and marketers to create proper business models and to design to incentivize the user growth and adoption.

Babble places no restrictions on how new participants may join a network; it only ensures that the JoinRequest and Votes go through the consensus. DApp developers decide the conditions users need to satisfy in order to join a network. One such restriction may be a form of authentication.

Battery usage depends on the activity of a network. Babble doesn't waste gossip: it only gossips when there are unconfirmed transactions on the network and sleeps the rest of the time. Unlike PoW, consensus algorithm is suitable for low power devices.

Monet is an open network. So anyone can launch a blockchain, and such blockchain can become a hub.

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