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Terminology

$ANLOG

Analog’s native currency that powers all the transactions.

Decentralized Finance (DeFi)

A collective term for financial services that leverage the Blockchain’s openness and decentralization. Any user—with an internet connection—can access these services from any jurisdiction.

Layer-0

A base layer protocols upon which other layer-1 chains (Ethereum, Terra, Bitcoin, etc.) or layer-2 protocols such as Polygon and Uniswap can run. Analog network is a layer-0 network because it provides low-level primitives (routing and consensus) for cross-chain communications.

Omnichain

A shared infrastructure where all chains can interact bi-directionally, allowing them to frictionlessly transfer value.

Proof-of-Time (PoT)

Analog’s native decentralized consensus protocol that uses the ranking score and fixed stake to determine how time nodes agree on the status of the Timechain.

Ranking score

A numerical value that Analog assigns to each time elector and time node. It operates similarly to Google’s page rank algorithm to determine which nodes earn the right to propose or confirm blocks.

Tesseracts

Nodes that fetch cross-chain events on the Analog network.

Timechain

Analog’s ledger. Put simply; the Timechain is a Blockchain consisting of validated event data.

Time elector

Nodes that propose blocks on the Timechain.

Time nodes

Nodes that confirm blocks on the Timechain.

Threshold signature scheme (TSS)

A cryptographic method of the digital signature scheme that provides a framework for multiple parties to secretly and partially sign a transaction. In Analog, at least 80% of the tesseracts have to sign an event data to be transmitted to the network for confirmation through PoT.

Trust index

A measure of subscribers’ trust in the event data that publishers submit to the network. Analog uses the trust index to offer a natural defense against publishers that may attempt to submit erroneous event data to the event data marketplace.

Verifiable delay function (VDF)

A mathematical function whose evaluation requires the node to run a given number of sequential steps. However, the computation results can be quickly and efficiently verified in a few steps. Analog uses VDF to achieve faster block times and finality.

Zero-knowledge proofs (ZKPs)

A probabilistic cryptographic method where one party (prover) proves the truth about a certain assertion to another party (verifier) without necessarily disclosing any information. Analog uses ZKPs to achieve privacy-preserving transactions.
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$ANLOG
Decentralized Finance (DeFi)
Layer-0
Omnichain
Proof-of-Time (PoT)
Ranking score
Tesseracts
Timechain
Time elector
Time nodes
Threshold signature scheme (TSS)
Trust index
Verifiable delay function (VDF)
Zero-knowledge proofs (ZKPs)