Monet (TENOM) ICO Price, Market Cap, Ratings & Reviews | Coinpare
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Cryptocurrencies: 2,772 Market Cap: $402,393,126,726 24h Vol: $53,549,917,196 BTC: 59.69% ETH: 11.58% USDT: 4.04% ETH Gas: 31 gwei
Monet
Blockchain Service

Monet

Blockchain Service

MONET is a public network architecture for mobile blockchains on demand. Based on a powerful consensus system Babble, with ad hoc blockchains MONET can process thousands of transactions per second with near instant finality.

Presale ended 31 July 2019
15 Jul 2019 - 31 Jul 2019
Sale ended 27 September 2019
16 Sep 2019 - 27 Sep 2019
ICO Details
Hardcap:
6,160,000 CHF
Token Price:
1.54 CHF
Total Supply:
10,000,000
ICO Supply:
7,000,000 (70%)
Accepting:
ETH, FIAT
Whitelist/KYC:
Whitelist & KYC
Country:
Switzerland
Coin Details
Ticker:
TENOM
Share This Page

The peer-to-peer economy, where individuals are both consumers and providers of goods and services, is paradoxically built on centralised client-server infrastructure. Attempts at moving these services on public blockchains, to mitigate the trust factor, are very inefficient because they require every node, across the world, to process everybody’s commands.

Part of the problem can be addressed by designing more efficient consensus protocols, but the idea of implementing localised services on a global public network is fundamentally flawed. The team suggests a system, based on mobile ad hoc blockchains, whereby groups of people involved in any task or activitycan effectively form temporary networks, with their mobile devices, and coordinate themselves without delegating full responsibility to trusted third parties. Users only connect to people they need to be connected to, based on service and location, for the duration of their interaction.

The system initially relies on Babble, a consensus module suitable for mobile deployments, and the MONET Hub, a public blockchain providing infrastructure services.

MONET's objective is to produce an open-source suite of modular software components that will allow the creation of ad-hoc, localized blockchains capable of running across multiple platforms, including mobile devices. This will provide the foundations for the next generation of purely Peer-to-Peer applications where consumers and producers interact directly with each other in a web of dynamic pockets of trust, without the need for third party intermediation.

Babble - Babble is a leaderless, asynchronous, Byzantine Fault Tolerant protocol based on a "gossip about gossip" consensus algorithm. Babble allows MONET blockchains to transfer assets and communicate amongst each other and with other Internet-of-Blockchains networks, like Cosmos.

EVM-Lite - The EVM is a virtual machine specifically designed to run untrusted code on a network of computers. Every transaction applied to the EVM modifies the State which is persisted in a Merkle Patricia tree. This data structure allows to simply check if a given transaction was actually applied to the VM and can reduce the entire State to a single hash (merkle root) rather analogous to a fingerprint. The EVM is meant to be used in conjunction with a system that broadcasts transactions across network participants and ensures that everyone executes the same transactions in the same order. Ethereum uses a Blockchain and a Proof of Work consensus algorithm. EVM-Lite makes it easy to use any consensus system, including Babble.

ChatterBox - ChatterBox is a demo app which uses the Babble consensus algorithm to enable multiple mobile devices to chat without a centralised server. Chatterbox has been developed to demostrate the benefits of using Babble in a mobile App. In future it will also demonstrate how the Monet hub can be leveraged to improve the functionality of mobile applications. As well as being a demostrator, the work done on Chatterbox will lead to a mobile SDK which will allow other developers to build their own apps on top of Babble and to use services on the Monet hub.

Martin Arrivets
CTO of Mosaic Networks
Involved in 1 project
Giacomo Purini
Co-founder and CEO
Involved in 1 project
Kevin Jones
Software Developer
Involved in 1 project
Ronan Lynch
Software Developer
Involved in 1 project
Danushan Kumanan
Software Developer
Involved in 1 project
Jon Knight
Software Developer
Involved in 1 project
Advisors
Mauro Martino
Involved in 1 project
Mark Stuart Day
Involved in 1 project
Abdi Hersi
Involved in 1 project
Source
Rating
FindICO 404
2.4 / 5
2.8 / 5
3.9 / 5
TrackICO 404
2.8 / 5
Average
3 / 5
Ratings has been aggregated in date 27 September 2019
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Blockchain Service

Monet

MONET is a public network architecture for mobile blockchains on demand. Based on a powerful consensus system Babble, with ad hoc blockchains MONET can process thousands of transactions per second with near instant finality.

Presale ended 31 July 2019
15 Jul 2019 - 31 Jul 2019
Sale ended 27 September 2019
16 Sep 2019 - 27 Sep 2019
ICO Details
Hardcap:
6,160,000 CHF
Token Price:
1.54 CHF
Total Supply:
10,000,000
ICO Supply:
7,000,000 (70%)
Accepting:
ETH, FIAT
Whitelist/KYC:
Whitelist & KYC
Country:
Switzerland
Coin Details
Ticker:
TENOM

The peer-to-peer economy, where individuals are both consumers and providers of goods and services, is paradoxically built on centralised client-server infrastructure. Attempts at moving these services on public blockchains, to mitigate the trust factor, are very inefficient because they require every node, across the world, to process everybody’s commands.

Part of the problem can be addressed by designing more efficient consensus protocols, but the idea of implementing localised services on a global public network is fundamentally flawed. The team suggests a system, based on mobile ad hoc blockchains, whereby groups of people involved in any task or activitycan effectively form temporary networks, with their mobile devices, and coordinate themselves without delegating full responsibility to trusted third parties. Users only connect to people they need to be connected to, based on service and location, for the duration of their interaction.

The system initially relies on Babble, a consensus module suitable for mobile deployments, and the MONET Hub, a public blockchain providing infrastructure services.

MONET's objective is to produce an open-source suite of modular software components that will allow the creation of ad-hoc, localized blockchains capable of running across multiple platforms, including mobile devices. This will provide the foundations for the next generation of purely Peer-to-Peer applications where consumers and producers interact directly with each other in a web of dynamic pockets of trust, without the need for third party intermediation.

Babble - Babble is a leaderless, asynchronous, Byzantine Fault Tolerant protocol based on a "gossip about gossip" consensus algorithm. Babble allows MONET blockchains to transfer assets and communicate amongst each other and with other Internet-of-Blockchains networks, like Cosmos.

EVM-Lite - The EVM is a virtual machine specifically designed to run untrusted code on a network of computers. Every transaction applied to the EVM modifies the State which is persisted in a Merkle Patricia tree. This data structure allows to simply check if a given transaction was actually applied to the VM and can reduce the entire State to a single hash (merkle root) rather analogous to a fingerprint. The EVM is meant to be used in conjunction with a system that broadcasts transactions across network participants and ensures that everyone executes the same transactions in the same order. Ethereum uses a Blockchain and a Proof of Work consensus algorithm. EVM-Lite makes it easy to use any consensus system, including Babble.

ChatterBox - ChatterBox is a demo app which uses the Babble consensus algorithm to enable multiple mobile devices to chat without a centralised server. Chatterbox has been developed to demostrate the benefits of using Babble in a mobile App. In future it will also demonstrate how the Monet hub can be leveraged to improve the functionality of mobile applications. As well as being a demostrator, the work done on Chatterbox will lead to a mobile SDK which will allow other developers to build their own apps on top of Babble and to use services on the Monet hub.

Share This Page
Martin Arrivets
CTO of Mosaic Networks
Involved in 1 project
Giacomo Purini
Co-founder and CEO
Involved in 1 project
Kevin Jones
Software Developer
Involved in 1 project
Ronan Lynch
Software Developer
Involved in 1 project
Danushan Kumanan
Software Developer
Involved in 1 project
Jon Knight
Software Developer
Involved in 1 project
Advisors
Mauro Martino
Involved in 1 project
Mark Stuart Day
Involved in 1 project
Abdi Hersi
Involved in 1 project
 Select Source
Source
Rating
FindICO 404
2.4 / 5
2.8 / 5
3.9 / 5
TrackICO 404
2.8 / 5
Average
3 / 5
Ratings aggregated in date 27 September 2019
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