EconoTrust Layer is a foundational cryptographic economic security framework for the Filecoin network, designed to establish reliable trust mechanisms, optimize capital management, and empower the growth and sustainability of the Filecoin ecosystem.

EconoTrust Layer is a foundational cryptographic economic security framework for the Filecoin network. It empowers developers to launch reliable IPC Subnets and enables Storage Providers to offer secure transactions. Leveraging Restaking technology, EconoTrust Layer establishes a robust trust mechanism to facilitate a comprehensive and secure future across the Filecoin Ecosystem.

EconoTrust Layer: A Secure Framework for the Filecoin Network

EconoTrust Layer introduces a Restaking protocol aimed at solidifying the trustworthiness of participants within the Filecoin Ecosystem. Through the application of cryptoeconomic principles, it provides a decentralized layer of assurance, enhancing confidence among network participants.

EconoTrust Layer simplifies the creation of trusted IPC subnets. With Restaked LSTs reallocated to Subnet Validators, developers can forge potent subnets that rest on a bedrock of cryptoeconomic trust. This redistribution, managed by validators, expands the network's influence and security.

The platform assists Storage Providers in prudent capital management. LSTs are delegated for deal collaterals, optimizing capital utilization and reducing transaction-related risk exposures.

EconoTrust Layer assigns responsibilities to offchain retrieval attestors and Storage Providers to enhance the network's retrieval protocols. This strategic delegation supports a secure framework for next-gen retrieval methods.

Within EconoTrust Layer, the Strategy Manager endorses a suite of vetted strategies, enabling token staking governance. Staked tokens can be entrusted to Operators—including IPC Validators and Storage Providers—via the Delegation Manager. To maintain the network's integrity, Operators are held accountable through a Slasher mechanism, ensuring compliance and trust protocol adherence.

EconoTrust Layer is more than a platform; it represents an advancement in the cryptoeconomic domain, delivering a robust trust layer that's as dynamic as it is secure, heralding a new chapter in the Filecoin Ecosystem's evolution and robustness.

Developers and Storage Providers in the Filecoin Ecosystem often face challenges in establishing trust, which is critical for secure and reliable transactions. This lack of trust can lead to increased risks in deal-making and can impede the growth of the network.

Solution: Restaking for Reinforced Trust EconoTrust Layer addresses this issue by introducing a Restaking protocol that enhances the trustworthiness of participants. By redistributing staked tokens to vetted validators and operators, it creates a more secure environment that encourages growth and stability within the network.

Storage Providers traditionally struggle with the efficient management of capital, especially concerning deal collaterals. This inefficiency can lead to suboptimal allocation of resources and hinder their operational capabilities.

Solution: Streamlining Capital Allocation Our platform facilitates better capital management by allowing Storage Providers to delegate LSTs for deal collaterals. This delegation system optimizes capital usage, reducing financial risks and boosting overall efficiency.

Current retrieval protocols in decentralized storage systems are often vulnerable to performance and security issues. This poses a threat to data retrieval processes, affecting the reliability of storage solutions.

Solution: Empowering Next-Gen Retrieval Protocols EconoTrust Layer contributes to securing the future of Retrieval Protocols by delegating responsibilities to offchain attestors and Storage Providers. This proactive approach ensures a safer and more reliable retrieval process.

The decentralized nature of blockchain ecosystems can sometimes result in non-compliance by operators, negatively impacting trust and security.

Solution: Strategic Delegation and Accountability Measures The Strategy Manager and Delegation Manager within EconoTrust Layer ensure that only trusted operators handle user tokens. Additionally, the Slasher mechanism acts as a safeguard against non-compliance, preserving the integrity of the network.

For a more comprehensive understanding, watch our project overview on YouTube. Project Overview on YouTube

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EconoTrust Layer for Filecoin is committed to addressing these critical challenges through innovative restaking and delegation strategies. By offering solutions that enhance trust, improve capital management, secure retrieval processes, and ensure operator compliance, EconoTrust Layer aims to facilitate a safer and more efficient Filecoin Ecosystem.

Interplanetary Consensus (IPC) ushers a new era for decentralized applications (dApps), enabling them to scale to planetary magnitudes. IPC achieves this through recursively scalable subnets, sub-second transaction speeds, robust compute capacities, and highly adaptable WebAssembly runtimes tailored to developer needs.

IPC is a groundbreaking framework designed to facilitate on-demand horizontal scalability of networks. This is achieved by deploying "subnets" that can run different consensus algorithms based on the specific requirements of an application.

Horizontal scalability is crucial in distributed systems, including blockchain technologies. It involves the addition of more nodes to a network, enhancing performance by distributing workloads across these nodes. This method helps reduce costs, decrease latency, and improve throughput—key factors in scaling blockchains to meet the demands of an increasing user base and transaction volume.

For decentralized applications, scalability directly influences three critical areas: performance, decentralization, and security. Traditionally, these objectives conflict, but IPC provides a harmonious balance by allowing the seamless integration and scaling of network capabilities.

IPC offers a tailored scaling solution that significantly enhances the capabilities of dApps in terms of performance, decentralization, and security:

• Subnets: At the core of IPC's scalability are subnets, which are blockchain sub-systems that can be dynamically created. Subnets operate under a hierarchical structure where a parent subnet can spawn an unlimited number of child subnets.

• Inter-Subnet Communication: These subnets can communicate with each other seamlessly within their hierarchy, which reduces the dependencies on cross-chain bridges and simplifies transactions between different blockchain environments.

• Consensus Algorithms: Each subnet can implement its own consensus algorithm while inheriting security properties from its parent subnet. This flexibility allows for tailored solutions to specific application needs, whether they relate to cost efficiency or performance optimization.

• Dynamic Network Adjustments: IPC networks can dynamically adjust their throughput capacities by spawning or closing subnets as demanded by the workload, ensuring efficient resource use and optimal performance at all times.

Interplanetary Consensus (IPC) opens up a broad range of applications by enhancing the scalability and performance of decentralized applications (dApps). Below are practical examples of how IPC can be leveraged in different sectors to improve efficiency and functionality:

• Ephemeral Subnets: Utilize IPC to spawn temporary subnets dedicated to running distributed computation tasks, ideal for complex operations that require significant computational resources.

• Decentralized Orchestration: Create smaller, efficient subnets that coordinate tasks with high throughput and low transaction fees, suitable for systems requiring robust, decentralized management.

• Geographical Optimization: IPC can optimize the performance of applications in geographically constrained settings, operating with ultra-low latency to deliver seamless user experiences.

• Mobile and Remote Deployment: With IPC, deploy blockchain substrates in environments with limited connectivity, such as mobile settings, enhancing the resilience and accessibility of applications.

• Artificial Intelligence: Leverage integration with Filecoin for decentralized data storage, allowing IPC to facilitate distributed computation for AI models across various domains.
• Decentralized Finance (DeFi): Support high-frequency trading with traditional backends, offering a combination of verifiability, privacy, and performance not available in conventional systems.
• Big Data and Data Science: Empower teams to build global-scale distributed compute networks that perform data science analysis on Exabytes of data stored in a decentralized manner.
• Metaverse and Gaming: Enable real-time tracking of interactions within virtual environments, enhancing the gaming experience and metaverse interactions.
• Decentralized Autonomous Organizations (DAOs): Use IPC to support the creation of smaller subnets that enable decentralized orchestration, crucial for managing community-driven projects and organizations effectively.

The IPC framework not only enhances the scalability and performance of dApps but also broadens their potential applications. From powering complex AI models and facilitating global-scale data science projects to improving transaction efficiency in DeFi and gaming, IPC is setting a new standard for how blockchain technology can be utilized in various industries.

Interplanetary Consensus (IPC) represents a significant advancement in blockchain scalability and interoperability. Here's how IPC stands out from other Layer 2 solutions:

• Security and Consensus: Unlike many L2 solutions that either inherit Layer 1 (L1) security without their own consensus mechanisms (like rollups) or have their own consensus but limited security (like sidechains), IPC subnets feature their own consensus algorithms and inherit robust security from their parent subnets.
• Eliminating Bridges: IPC's native cross-net communication eliminates the need for custom bridges or protocols, which are often points of vulnerability in other systems. This streamlined approach reduces the attack surface and simplifies asset and state transfers across subnets.

• Flexible Core Technology: IPC uses Tendermint Core for consensus without being tied to any specific framework like the Cosmos SDK. This flexibility allows IPC to support various programming languages such as Go, Rust, Java, Haskell, and more, enabling a truly polyglot development environment.
• Filecoin Virtual Machine (FVM): IPC employs the FVM as its transaction execution layer, which is a WASM-based environment capable of executing smart contracts in any programming language. This not only supports multi-chain operability but also provides developers with the tools they need in familiar languages.

• Integration with Filecoin and EVM Chains: IPC seamlessly integrates with both Filecoin and EVM-compatible chains, leveraging Filecoin’s decentralized storage capabilities for enhanced data availability and compute possibilities. This interoperability extends IPC’s utility and allows it to serve as a versatile platform for decentralized applications.

• Modular Runtime and Dynamic Throughput: IPC’s modular runtime architecture allows for the creation of custom blockchains that are optimized for both throughput and gas efficiency. Developers have the capability to dynamically adjust network resources by spawning or closing subnets as demand dictates, ensuring optimal performance at all times.

IPC’s innovative approach to scalability, security, and interoperability sets it apart from traditional L2 solutions. By providing a flexible, secure, and efficient framework, IPC empowers developers to build advanced decentralized applications without the common trade-offs associated with other blockchain scaling solutions.

To get started with integrating the Orderly Network into your EconoTrust project on Filecoin, we can outline a plan and set up the basic structure needed for the integration. Given the judging criteria you mentioned, we'll aim to create a dApp that is innovative, has a strong 'WOW' factor, is usable and practical, well-executed, and includes an informative demo.

Here's a high-level design for integrating Orderly Network into your existing architecture:

Token Trading Feature: Allow IPC token holders to trade on a secure, decentralized platform, ensuring liquidity and flexible capital management. Orderly Network SDK: Use the Orderly Network SDK to manage orders and trades directly within your dApp, interfacing with the existing smart contract architecture. Interactive UI: Build a user interface in the EconoTrust dApp that allows users to place, view, and manage their orders.

1- npm i @orderly.network/orderly-sdk 2-

First, we need to define a compelling use case that leverages the Orderly Network within your project. Since your project focuses on enhancing trust and optimizing capital management in the Filecoin ecosystem, we can consider a use case like:

Automated Restaking Contracts on Orderly Network:

• Idea: Implement smart contracts on the Orderly Network that automatically manage the restaking process for tokens within the Filecoin network. This could include dynamic adjustments based on market conditions, predefined rules set by users, or security metrics.

• Tools and SDKs: We'll need to select and set up the appropriate SDKs provided by the Orderly Network. This typically involves choosing a development framework that supports the network, such as Ethereum tools if Orderly is EVM-compatible.
• APIs: Familiarize and integrate Orderly Network APIs for interacting directly with the network, such as deploying contracts or querying contract states.

• Contract Design: Design the smart contract logic to automate the restaking process. This includes functions for depositing tokens, setting restaking parameters, and withdrawing tokens.
• Implementation: Implement the contract using a smart contract language like Solidity, if applicable.
• Testing: Thoroughly test the contracts in a test environment to ensure reliability and security.

• User Interface: Develop a user-friendly interface that allows users to interact with the smart contracts easily—this aids in addressing the usability/practicality criterion.
• Connection to Blockchain: Implement web3 functionalities to connect your frontend with the Orderly Network blockchain.

• Demo Application: Create a demo application that showcases the functionality of the automated restaking process. This demo should be easy to understand and interact with.
• Documentation: Write comprehensive documentation covering how to set up the dApp, how it works, and how it integrates with both Orderly Network and the Filecoin ecosystem.

• Deployment: Deploy the dApp to a live environment after thorough testing.
• User Feedback: Gather user feedback to refine the application and enhance its features and usability.

Let's start by setting up a basic smart contract for the automated restaking process. Before we proceed, I need to know:

1. The programming language and blockchain technology preferences you have (e.g., Solidity for Ethereum-based chains).
2. Any specific Orderly Network SDK or APIs you have identified for use.
3. Access to your GitHub repository if you need direct code contributions or setup via GitHub.

Please confirm these details or provide additional input so that we can proceed with the coding phase!