Tachyon Protocol is a decentralized Internet protocol built on the V Systems blockchain. This protocol is designed so that to reconstruct TCP/IP stack by means of decentralized structure, end-to-end encryption, traffic concealing, multi-path routing, and multi-relaying scheme. This, in turn, will provide high data transfer efficiency, more reliable, stable and anonymous Internet connection.
Although the Tachyon team offers an advanced technical solution, they are not the first in the market of Internet protocols. In addition, this project is only at the starting point of its development, so it is too early to talk about its place on the market. However, the team has the relevant expertise both in the blockchain and in the construction of Internet protocols. Therefore, there is no doubt that they are able to meet all their milestones and successfully develop the product.
At the moment, their ecosystem looks not so strong because they have poor community support and only a few partnerships. However, if the team implements the product successfully, then the cooperation with V Systems and X-VPN can bring a huge customer base and allow to take a key role in their market. In addition, token economics looks quite good to motivate all participants to participate honestly in ecosystem development.
In general, the Tachyon team is actively working on the launch of its alpha version and so far has no significant influence on its market. However, if they can successfully achieve their goals, the Tachyon team will be able to take their place in the long run.
Tachyon Protocol Market
The Tachyon team believes that existing TCP/IP-based Internet communication lags behind users’ growing demand for stability, speed and security. Therefore, they intend to solve this problem by developing the Tachyon Protocol, and apply it in various industries such as VPN, IoT, Decentralized Storage, Decentralized Financial Systems, CDN, Gaming, etc. For example, some of the listed industries will have the following market size in the future:
- VPN market: 2019 – $23.6 billion, 2022 – $35.73 billion
- IoT market: 2019 – $212 billion, 2022 – $594 billion
- Cloud storage market: 2019 – $51.3 billion, 2022 – $97.4 billion
- CDN market: 2019 – $11.8 billion, 2022 – $24.3 billion.
- Gaming market: 2019 – $148 billion, 2022 – $203 billion
Since these industries are developing rapidly, this can positively affect the growth of the customer base, ecosystem activity, and future value of the company.
Although the Tachyon Protocol has many use cases, it’s necessary to remember that there is a huge number of competitors that offer Internet protocols solutions as well. We can highlight some of them: MaidSafe, Orchid Protocol, Skycoin, BlockCloud, etc.
Each of them tries to increase the speed of data transfer, security and reliability of the Internet connection using blockchain technology. Although the Tachyon Protocol offers an excellent solution for reconstructing the architecture of the TCP/IP Internet protocol, it is still inferior to its competitors in community support, ecosystem activity, and does not have significant advantages in terms of the blockchain scalability. Therefore, to enter the market successfully, the Tachyon team needs to make a lot of effort to implement their product, expand its customer base and partnerships.
Tachyon Protocol Technology
The Tachyon Protocol is an open-source decentralized network stack combining decentralization and encryption techniques to provide a self-sufficient internet environment with high security, untraceability, availability, and maximum network speed.
The Tachyon Protocol based on three main components: Tachyon Booster UDP, Security Protocol, and Anti-Analysis.
Tachyon Security Protocol (TSP) – is a security component of Tachyon Protocol. TSP presents asymmetric end-to-end encryption scheme and protocol simulation. The first one is utilized to prevent network sniffing and main-in-the-middle attacks. The last one plays a vital role in preventing attacks, circumventing firewalls, and filtering.
Tachyon Anti-Analysis (TAA) – is used to decompose and forward information. It consists of two schemes:
The concurrent multi-path routing scheme – separates a piece of information into multiple different IP packets and then forwards them through different paths, so that single-point attacks cannot receive all the information.
The multi-relay forwarding scheme – adopts ideas from onion routing. The information is forwarded by multiple encryptions, so that the concurrent contribution node cannot know the forwarding content and routing path.
Tachyon Booster User Datagram Protocol (TBU) – reconstructs the Internet, Transport, and Application Layers of the TCP/IP protocol by using proven technologies such as Point-to-Point Protocol on IP network layer, Distributed Hash Table, User Datagram Protocol, and blockchain. It is capable of 200%~1000% transmission acceleration and over 90% connection success rate in complex network environment based on X-VPN experimental data.
- Application Layer – is responsible for defining the data format and interpreting the data according to the corresponding format.
- Transport Layer – is responsible for process-to-process delivery of the entire message. UDP offers superior throughput and has less overhead to improve transmission efficiency.
- Internet Layer – selects nodes and establishes connections in decentralized, robustness and stable way. It takes the concept of Point-to-Point Protocol to build PPPoIP on IP network layer.
- Data Link Layer – includes physical sublayer and logical sublayer.
In addition, the Tachyon team develops a standard SDK to reduce the integration expense for the blockchains, ensure proper encapsulation and reduce the difficulty of development.
Overall, all these technological components of the Tachyon Protocol will allow many industries to build a secure, efficient, and robust Internet connection.
The Tachyon team has only two partnerships. On the one hand, it’s not too many, but it’s enough for the short-term. In the case of successful product development, X-VPN and V Systems can provide a significant initial impetus to the ecosystem development of Tachyon. It, in turns, will help them to become more competitive.
IPX Token is a native digital cryptographically-secured utility token of Tachyon Protocol. This token will be issued on the V Systems blockchain.
Some of IPX Token Use Cases:
– The medium of exchange between participants on the Tachyon Protocol.
– Serve the purpose of identity verification.
– Pre-session locking, instant checkout and session fee collection.
– Security deposit (200,000 IPX) for Provider Nodes to complete the node verification.
The initial supply of the IPX token is 1 billion with 5% annual inflation rate to encourage the provider nodes to keep providing the service.
Overall, the IPX token is designed so that to incentivize Client Nodes and Provider Nodes to contribute to the positive ecosystem development.
Sunny King – Founding Member. He is an experienced blockchain developer, inventor of PoS consensus algorithm, and creator of V Systems, Peercoin, and Primecoin.
Alex Yang – Founding Member. He is a FinTech entrepreneur and investor with over 14 years of experience in banking and finance. He founded Fund V, one of the first token funds in Hong Kong. Alex helps Tachyon with management, partnerships and business development.
Jacob Gadikian – Founding Member. He is a technologist obsessed with the potential of decentralized systems. Jacob is responsible for the technical development of Tachyon.
Peerchemist – Founding Member. He is a Peercoin’s project leader, is a well-known OG crypto developer. He is responsible for token economics, developer relations, and community management.
The Tachyon team consists of specialists experienced in Business Development, Marketing, Blockchain, and other fields. Also, V Systems and X-VPN can provide technical support and overall strategic planning for Tachyon’s development with their extensive experience and knowledge in VPN, Internet and application development. These partners will help Tachyon to facilitate its promotion and community growth.
Overall, the Tachyon team looks quite experienced and professional to realize its product and maintain its competitiveness over the long period.
The Tachyon roadmap is very detailed and transparent. The team constantly works on it, informs the community about existing updates in its blog and works on the development of its product as can be seen from the GitHub activity. The demo version of the Tachyon VPN has been already released on GitHub. Overall, the team shows its transparency and provides an opportunity for its community to track the Tachyon activity.
Tachyon Protocol is a new decentralized Internet protocol that uses DHT, blockchain, UDP, and encryption technologies to ensure a stable, fast, reliable, transparent and secure Internet environment.
At the moment, the project is at the initial stage of its development and meets fierce competition in its market. Nevertheless, the Tachyon team looks quite experienced to develop its product and compete in the market. In addition, the project has important partnerships with V Systems and X-VPN which can boost its ecosystem development.
To conclude, they have sufficient potential to succeed in the long run.