NiktoNet™

== Quick Introduction ==

Development Completion Date: December, 2022

Programming Language: Go, Cosmos SDK

Client-enabled operating systems: Linux, Windows, macOS, POSIX, Raspbian

Website: https://niktonet.com/

‘NiktoNet™’ is a 3rd generation Layer 1 blockchain mainnet that provides a level of speed and throughput that various DApps can use in real life. ‘NiktoNet™’ has the completeness of 1 block confirmation. Completeness is not only a matter of security, but also the most important factor in commercializing cryptocurrency. ‘NiktoNet™’ can be provided in both public as well as private forms, so the mainnet can be ideally customized and provided according to the operating situation.

== Overview ==

From 2020, Dr. Nikolay Pakulin, a genius developer from Russia, started developing NiktoNet™, a Layer 1 blockchain mainnet, and completed the development in December 2022 through Hessegg. NiktoNet™ was developed with the mission of "overcoming the limitations of existing blockchain," and in the "performance" part, it is designed to be a visa card level without having to wait tens of seconds or minutes for payment to be completed. The 'control' part is designed to give control to each company's environment, especially when introduced as private, allowing operators to control transactions and resolve theft or mistakes. In terms of 'scalability', the limitations were supplemented by the introduction of the self-developed Simple Contract™ to compensate for the limitations of the existing Smart Contract (development language, Oracle issues, etc.).

== PBFT+ Consensus Algorithm ==

NiktoNet™'s PBFT+ consensus algorithm is the most advanced consensus algorithm that reduces the consensus process time by more than 50%, as well as flexibility and reliability, which are the strengths of Tendermint's PBFT consensus algorithm.

• Differentiation between PBFT & PBFT+

‥ Changing the way messages are delivered between nodes: The consensus process is the same as Tendermint (PBFT) but changes the way they are delivered from Gossip protocol to Direct Sending protocol

‥ Tendermint (PBFT) consensus engine: Multi Hops to send messages between nodes by using the Gossip protocol to only surrounding nodes

‥ NiktoNet™ (PBFT+) Agreed Engine: Single Hop sends messages to all nodes in a batch using the Direct Sending protocol for Tendermint's Reduce consensus completion time by more than 50% compared to PBFT consensus algorithms

== Academic background and career of Dr. Nikolay Pakulin ==

• Current CTO of Hessegg

• Past CTO of Pax Datatech

• Past Deputy Director for ISPRAS

• Ph.D from ISPRAS (Computer Science)

• MSc, Software Engineering, Applied Mathematics, System Programming from MIPT (Moscow Institute of Physics and Technology)

== Related Press ==

1. “Nikolai Pakulin CTO of Hessegg, Hessegg will become the Qualcomm of blockchain ecosystem” – Tokenpost (Reporter Choi Hee-woo) 2022.12.26

2. “Developer of NiktoNet, Hessegg is designated as 'CORE 100' by Seoul Investment” – Global Economics (Reporter Wonyong Lee) 2022.11.02

3. “Hessegg- Private mainnet is the answer to popularization of Blockchain" – ZDNET Korea (Reporter Kim Yoon-hee) 2022.10.12

4. “Hessegg-Nextor signs Contract for supplying Blockchain Mainnet, ‘NiktoNet’∙∙∙ Full-fledge commercialization ↑” – Startup Today (Reporter Kim Ji-min) 2022.09.07

5. “Cultivating the NiktoNet ecosystem… Hessegg cooperates with Dodoom for Blockchain · NFT business” – Global Economic Daily (Reporter Seonwoo Cheon) 2022.09.01

6. “[Interview] Blockchain startup 'Hessegg' CTO Nikolai Pakulin... Independent development of mainnet 'NiktoNet'” – Global Economic Daily (Reporter Won-geun Ryu) 2022.05.23

7. “Hessegg, releases NiktoNet” – Economic Review (Reporter Choi Jin-hong) 2022.05.03

8. “Blockchain startup Hessegg completes development of blockchain mainnet ‘NiktoNet’” – The Guru (Reporter Choi Young-hee) 2022.05.03

9. “Blockchain Tech Company 'Hessegg' launches STONDARD™, an optimized Token Securities (STO) Solution" – Maeil Business (Reporter Cho Kwang-hyun)

10.“Blockchain tech firm 'Hessegg’ launches STONDARD™, optimized Securities Token Solution" – Korea IT Times (Reporter Paul Lee) 2023.03.24