Incentivised Event Relay
Last updated
Last updated
Incentivised Event Relay is the core service required by a decentralised communications application. This service performs message passing between users on mobile devices and asynchronous messaging capability if recipients are offline.
This service is run by Seeker Nodes, such that;
All messages remain opaque to Seeker Nodes, through encryption.
Pseudonymity is preserved by frequently shuffling peers between Seeker Nodes, which prevents any one node from performing long-term traffic analysis.
The service is incentivised using blockchain technology. Individual message relays are paid for by the message sender using a probabilistic micropayments system called Sylo Tickets. This provides high payment scalability and is also compatible with any existing blockchain scalability projects (e.g. side-chains, rollups, etc.).
The Sylo Network creates an incentive structure for Seeker Nodes to provide service. This ensures:
Nodes are paid for their work in a trustless manner.
Nodes are functionally interchangeable, and users have no lock-in with their current node.
Nodes have a financial stake in the success of the network.
Consumers of the service pay a competitive price, without compromising decentralisation.
Nodes have high availability.
Nodes respond quickly to service requests .
Nodes have high throughput.
Nodes reliably fulfil service requests whenever possible.
The smart contracts and protocols of the Sylo Network create direct financial incentives for Seeker Nodes to meet these requirements. As a result, rational actions taken by a purely self-interested node operator align with the goals of the network as a whole, and antisocial behaviour by network participants is financially discouraged.
The rules and underlying incentives of the network ensure that a high-quality service layer is maintained, no matter who owns and operates the infrastructure.