Strong Protocol solution for a real life problem
Great incentive structure
Digital identity solution
Unique problem taken on
Dynamic proof of work
Complex and capable protocol architecture
Existing network and an MVP
Huge market potential
Strong Protocol solution for a real life problem
Great incentive structure
Digital identity solution
Not much use case for the current SNTVT token except for being a token that ensures fair participation in the network development but without much incentive to do so.
There aren’t any hApps to be seen yet on the project’s network.
There isn’t a clear plan on how the project intends to bring adoption to their solution.
If they fail at doing so there isn’t any market for their product.
Technical Analysis by Kong Trading - 03/11/2020
SNTVT has been moving remarkably strong lately. It has been consistently making higher lows and approaching its way towards the previous key-area of support, which is currently a key area of resistance.
Sentivate Network is a Web 3.0 solution that aims at building an infrastructure to replace the existing web. Its hybrid model between decentralized and centralized solutions promises to achieve greater speed, increase safety, and scalability than other strictly centralized or decentralized solutions can.
Its approach is revolutionary instead of evolutionary as they want to replace the whole infrastructure with their proprietary one and mitigate the World Wide Web to their Universal Web, which is centralized focused and enhanced with decentralized components.
The problems that the project outlines with the current internet architecture are bandwidth crisis, outdated protocols, broken DNS, lack of accountability, lack of identity, reactive security, Domain rules, and web categorization.
Sentivate addresses the following issues by providing new solutions like the Universal Data Stream Protocol, a UDP based low-latency, real-time, bi-directional, encrypted, and reliable Data Transport Protocol to replace to current HTTP; Universal Domain System with Domain Certificates, Domain Registrar, and Domain Information System to replace the current DNS; and Universal Identity System with Identity Certificates and Identity Registrar to increase accountability and security on the internet.
Instead of web applications, Sentivate Network introduces a new concept of hApps (hybridized applications) that can reduce bandwidth and increase throughput by working in a single-page-applications self-constructing manner.
The network currently uses an SNTVT utility token, which is an Ethreum based ERC20, and serves to facilitate early-stage network participation like development and voting until the migration to their VIAT token is made.
They have also recently entered the DeFi market. In collaboration with Value DeFi Sentivate and Value launched the the world's-first liquidity mining program using the one-click solution of Value Liquid technology. You can read all the details about the programm here.
Sentivate Network is a hybrid network that incorporates both a centralized and decentralized approach to its architecture. This is because the project aims to merge the best of both worlds and achieve the best user experience, speed, reliability, and security.
source: Sentivate Network Whitepaper
The problem with HTTP and DNS's current system was designed a long time ago when their creators intended it for limited use. Since then, the World Wide Web has evolved into a global scale interconnected communication with ever-increasing demand and use-case. Besides communication, the modern internet has enabled economic globalization, but the outdated protocols aren't equipped to handle this ever-increasing demand.
This has created a bandwidth crisis that threatens to compromise net neutrality in order to resume business as usual. Sentivate Network wants to solve this issue by creating new protocols to revolutionize existing components. The protocol consists of three key components which are explained below.
UDSP is a low-latency, real-time, bi-directional, encrypted, and reliable Data Transport Protocol. It serves as a replacement for the outdated HTTP and the TCP (Transmission Control Protocol), which has started to prove major bottlenecks, especially with large data moving from one end-point to the other and can thus result in latency and cost issues.
source: Sentivate Network Whitepaper
Sentivate's Universal Web facilitates all communication, streaming, or transferring of any type of data utilizes this UDSP instead of HTTP. Unlike in the case of HTTP having to use additional encryption to become secure (HTTPS), the UDSP comes with secure encryption by default.
Another key feature of this new protocol is that its connections are bi-directional which means its less chatty and therefore makes the network less clogged and ensures low-latency. This makes UDSP a highly useful protocol where high-throughput, low-latency and high reliability are required. Due to UDSP's programmatically dynamic nature, it's efficacious in situations of highly variable and or degraded network connectivity.
This protocol has puzzles in its design that allow those who solve them to earn the network's token VIAT. Because they can vary they are considered dynamic-proof-of-work and may require additional data in order to be solved. This mechanism is placed in order to prevent network congestion and spamming through DDOS attacks.
Instead of DDOS attacks being harmful to the website, they can be a source of profit because when a client solves the served puzzle, the client and the domain get the equivalent amount of VIAT token. But if the server is under a DDOS attack, then it dynamically changes the reward split in favor of the domain for up to 100%. In this way, the website visitor and the website have an incentive to conduct standard operations, or else the reward equilibrium will shift.
In order to establish a successful “handshake,” a domain certificate and a valid signature are required. On the Universal Web, domain certificates provide routing, cryptography, and additional details associated with a hostname and have to be signed by 3 or more keypairs: Ephemeral, Master, and by an authorized Domain Registrar. The ephemeral certificate also serves as a wallet that stores funds for any puzzles that the user solves when a portion of the mined VIAT tokens gets distributed to the ephemeral certificates wallet address.
This is a registrar for domains, and it is used to register and manage a domain’s public certificate and validates and signs its certificate associated with the hostname. It then passes the certificate to the Domain Information System, which stores the certificate for distribution.
Domain information system
DIS function is to return domain-specific information in the form of a domain certificate from human-readable hostnames, which includes cryptographic details & routing information. It operates on a centralized server and a decentralized network to enable users with the fast experience of accessing the information on the domain certificate. Decentralized nodes can earn VIAT token with their service.
Also, it functions as another security layer for defending against spam and DDOS attacks related to the certificate, and when invalid certificates are used to request information from the Domain information system, it denies returning a response.
Sentivate Network’s domains format are designed to be an extension of the underlying activity or the service that aligns with the domain’s content, while the name of the domain represents the full name of the trademarked entity. Using Amazon as an example one can just simply type in amazon in the browser to navigate through their main presentational website while accessing their store is by typing .store extension.
In this way, the design of the network ensures that there aren’t any similar domains that confuse users which help organize the web, disallowed domain squatting, and protect trademarks. All while increasing user experience through descriptive and intuitive extensions.
source: Sentivate Network Whitepaper
These certificates cryptographically represent a user on the network, therefore the user must sign into the Identity Registrar first. It has two key pairs. Master which is used for signing Ephemeral Certificates and is the core identifier of the user serving as an authentication mechanism, while ephemeral key pairs can be replaced.
Ephemeral Certificates, (EC), are a sub-certificate to the Master Certificate and act as profiles. Designed in this way users can link their identity to the real-world and use it anywhere where KYC is required. It also reduces the need to hold various passwords and accounts on the internet as you can always login with your identity certificate.
Like in the case of Domain Registrar the IR serves to sign and validate Identity Certificates and is the first layer of protection against malicious attempts. It ensures that false signatures are dismissed and in doing so it utilizes decentralized and acyclic blockchains that can assist in validating if the identity certificate is valid.
On top of the protocol layer, the network has an application layer but unlike current web applications, in this hybridized model they are self-constructing and are streamed as a single-page-applications. As they are built using reactive, dynamic, and modular development methodologies, whose assets are contained in their own file and are presented to the user on an as-needed basis. This ensures quick load time and frees up the bandwidth.
Sentivate Network targets enterprise-level organizations with a financial incentive to switch to a faster data transfer with a protocol that can increase user conversion and retention and thus profits. One of the organizations that the project lists as an example is Amazon, which conducted a study that concluded that a one-second delay could cost them 1.6BB in sales or that every 100ms of latency cost them 1% in sales.
The project aims to power the whole digital economy by increasing network capability, which must follow the increasing amount of devices per user and the development of IoT technology that will operate in a limited bandwidth environment if nothing changes.
Also, with these large-scale organizations like Amazon, which is mentioned as an example in the white paper, have a security incentive to mitigate to a more identity-centric web as users can be clearly identified without the need to sign up, and thus reduce the number of multiple accounts per user. This decreases the need for large data maintenance and increases the transparency on the internet, reducing fraudulent activity.
Even though the network benefits are best seen with these large-scale organizations that the project hopes to bring as early adopters, it is aimed at the general internet users alike. With new security standards in place, general users can have a far better experience browsing the web in a new environment that enforces accountability and security.
The network currently doesn’t have any products yet but their main one is hybrid applications that are yet to be built on top of the application layer. Looking on the website there is a call to action for exploring some of the hApps but clicking on the button returns on the same page which most likely means that at the moment there’s nothing to explore.
Once the network goes live thought it would be expected to launch with an ecosystem of native hybrid apps.
Usecase for Sentivate Network is enormous. As a Web 3.0 infrastructure, it aims at powering the digital economy, communication, and information exchange across all sectors and industries. From the white paper, we can see that their main objective is to bring in companies using big data and whose profits rely on the speed of execution. Examples like Amazon are only the most obvious one, but it can find its use case in every field where there is a need for speed. On which comes to mind is high-frequency algorithmic trading that requires that the information is sent to exchange in a split second. Also, streaming service provides like Twitch that requires low-latency near real-time video can potentially find interest in switching to the new Universal Web and so on.
Sentivate Network currently operates with the SNTVT token, an ERC20 utility token on the Ethereum network. The token is used for early access and participation on the network, namely in the development process and voting. Users can vote during development phases and help govern the project, although SNTVT isn’t a governance token. It serves more as a mechanism that ensures that those who are interested in the development of the network have a higher saying in the direction of the project. Thus delegates with more tokens have more voting power and a greater impact on the network’s direction.
They currently already have an early access web browser, which you can download for both mac and windows. Opening it up, you land on the https://social.sentivate.com page, which still, as you can see, uses https protocol. As the social prefix indicates, it serves for the purpose of exploring the network, learning about its functionalities through the wiki page, and connecting with other community members.
Because it opens in the https, you can access the page in a regular browser like google chrome and explore the knowledge base without downloading the browser, so currently, it’s mainly presentational.
Sentivate Network has no direct competitors for what they are trying to achieve. Since most competitors are 'only' trying to develop web 3.0 on the current web as we know it and Sentivate is developing the entire infrastructure underneath it.
Here are some of the indirect competitors.
The team consist of three co-founders and five other members out of which most are developers.
There are six advisors that are providing insights and expertise mainly for business and marketing side.
Jamie Linkowski - Business Advisor
Robert Brunelli, Esq - Legal Advisor
Scott Melker - Marketing Advisor
TheCryptoDog - Business Consultant
Stacking - Marketing Advisor
Ali Alexander - Marketing Advisor
There wasn’t an ICO, so the SNTVT tokens were distributed through participation in the network development and airdrops.
Token’s Max Supply is 4,200,000,000 while a total in circulation will be 3,150,000,000. The other remaining 1,050,000,000 are retained by the team but are locked until the swap for the VIAT token occurs.
Token Swap from SNTVT to VIAT will occur in a ration of 1000 SNTVT : 1 VIAT, which is a deflationary model. This means that 4.2B tokens will be replaced with 42 million after the swap is completed, which will happen after Sentivate’s web launches.
VIAT operates on the hybrid blockchain and is a dynamic-proof-of-work which is mined in two ways. Direct mining is the first way, and it is yet to be described in greater detail in the VIAT’s whitepaper and the second method is through solving puzzles that come in the USDP packets. In this way, the user can earn VIAT token by simply browsing. But this is not a random process. Instead, the puzzles are presented when a connection is established with the domain, and interaction between the identity certificate is made, in case of DDoS protection, congestion control and other operation-specific occasions.
VIAT is intended to be used as a currency on the Universal Web as users can sign in with their real identity and connect with their real-world one, having a bank account attached to their name or address. In this way, VIAT token serves to facilitate commerce and value exchange over this new infrastructure as domain certificates and identity certificates serve as wallet keys so that domains can engage in sending, receiving, and transacting in the token.
The project's market potential is big because the problem that it tries to solve is real and especially seen by big companies. If the projects succeed in their vision, they will provide and power the whole new "Universal Web," and the VIAT token could potentially be a new Universal Currency of the Internet.
The project's infrastructure applications can be best found in big data companies and organizations like social media, e-commerce, so mainly put in communication and economy, which are two major use cases for the internet today.
Its design that enforces identification can also find its application in government affairs like the election process or other processes where citizenship or residency is involved.
Having said that, there isn't a "market" for the project. It recognizes this by saying that it wants to revolutionize instead of evolving the internet, so it would be unclear how this shift would occur.
Potentially it could develop along the lines of network effects where those big organizations would be the early adopters because of the sheer benefit that it can have on their business (increasing revenue, etc.) while plain users would, in that case, have to use the new Universal Web to purchase on Amazon for example, but this would be a slow adoption process.
The biggest following the project has on Twitter while the next big amount of project enthusiasts are in the Telegram channel. Discord has a small group but a more loyal one while their Reddit has the least number of followers.
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