Fractal is powered by iChing, a bitcoin-like PoS consensus protocol with rigorous security proof and post-quantum guarantee. The protocol enables large-scale networks with millions of miners, thus, guarantees a truly decentralized blockchain.
On top of the iChing consensus, Fractal has a multi-level of performance amplification for achieving scalability. First, an extended consensus has been developed by utilizing the structure of iChing. Second, iChing is a natural mimic of Bitcoin consensus; as a result, scalability solutions for Bitcoin can be immediately used in Fractal. Altogether, Fractal can securely process 1,000x times more transactions comparing to legacy blockchains.
Fractal, with modular and composable design, will support a wide range of dApps. Further, regulation will be enforced so that dApps can safely interact and exchange services with each other as well as many dApps on other ecosystems whether they are public or private.
A Scalable Proof-of-Stake Blockchain in the Open Setting
Bitcoin and blockchain technologies have proven to be a phenomenal success. The underlying techniques hold huge promise to change the future of financial transactions, and eventually the way people and companies compute, collaborate, and interact. At the same time, the current Bitcoin-like proof-of-work based blockchain systems are facing many challenges.
We propose a new approach to constructing energy-efficient blockchain protocols. More concretely, we develop proof-of-stake based, scalable blockchain protocols in the open network setting
Fractal Platform Pitch desk
Fractal platform is a commercial-scale DApps platform. At the heart of Fractal is iChing consensus, a secure and eco-friendly proof-of-stake protocol. It is also a natural mimic of Bitcoin consensus, the only type that stands the test of time. On top of iChing, Fractal provides secure scalability solutions to handle 1,000x more transactions than legacy blockchain as well as near-instant finality. Finally, Fractal is built with modular, composable, and interoperable principles at every step to make building DApps a truly simple task that anyone can do.
Wei-Feng Feng, Ph.D.Co-founder & CEO
Dr. Weifeng Feng received his BSEE in Tsinghua University, Beijing, China and PhD in EECS in University of California, Irvine. He is recipient of Shanghai Thousand Talents award 2014. Weifeng has over fifteen years of industry experience in both US and China including companies like Broadcom and Skyworks.
Lei Fan, Ph.D.Co-founder & CTO
Dr. Lei Fan is an Associate Professor at School of Cyber Security, Shanghai Jiaotong University (SJTU). He got his Ph.D. in Engineering from SJTU. His research interest includes cryptography, consensus protocols, and data mining. He has extensive experience in software development and project management.
Jonathan Katz, Ph.D.Co-founder & Chief scientist
Dr. Jonathan Katz is a professor of computer science at the University of Maryland, where he is also Director of the Maryland Cybersecurity Center. He received his PhD from Columbia University in 2002. A world-renown expert in the fields of cryptography, privacy, and distributed computing, Katz is a co-author of the widely used textbook “Introduction to Modern Cryptography,” now in its second edition. He also serves as an editor for the Journal of Cryptology, and was program chair of the annual Crypto conference in 2016-2017.
Katz has interacted extensively with both government and industry on topics relating to blockchain, cryptography, and privacy-preserving technologies. He was a member of the DARPA Computer Science Study Group in 2009-2010 and has taught short courses on cryptography to several government agencies and corporations. He was an inaugural member of the steering committee for the IEEE Cybersecurity Initiative and currently serves on the State of Maryland Cybersecurity Council.
Thang N. Dinh, Ph.D.Co-founder & Scientist
Thang N. Dinh is an assistant professor in Virginia Commonwealth University. He received his Ph.D. in Computer Engineering at University of Florida in 2013. His research interest include Blockchain Optimization, billion-scale network analytics, and Mass-marketing Science. He has published more than 60 papers, with 3 best paper awards and nominations, in top venues including SIGMETRICS, MOBICOM, MOBISYS, SIGMOD, and ICDM. He was a co-founder and CTO of EthosU, a start-up on a next-generation social network for youths.
Hong-Sheng Zhou, Ph.D.Co-founder & Scientist
Dr. Hong-Sheng Zhou is an Assistant Professor in the Department of Computer Science at Virginia Commonwealth University. He received his Ph.D. from University of Connecticut in 2010 and was a postdoctoral researcher at University of Maryland from 2010-2013. Hong-Sheng has worked on various aspects of cryptography, computer security and distributed computing, including secure multi-party computation, consensus, e-voting, verifiable computation, kleptography, leakage/tampering resilience, anonymity, and fairness.