''Volent is defined as “exercising volition” and its etymology is traceable to the Latin Volente as “wanted” or “one’s wish”. Thus the origin of the word Volentix refers to one’s will, as well as one’s wants and wishes.''
Repository:
Volentix on github (volentix on github)
Volentix on crowdin (volentix on crowdin)
Project details:
History
Volentix enters the world of digital assets in 2018 and is envisioned as a
community-powered decentralized autonomous organization (DAO).
Through the members of its community, Volentix became self-governing and self-organizing.
Profits are redistributed to the community through VTX, the native currency necessary to use any of the Volentix decentralized applications.
Although organization and governance will be distributed amongst Volentix community members, initial development is sponsored by companies within the Volentix development network.
Currently, those companies are Volentix Labs in Canada, Pythagoras Systems in Greece, and Semantic Labs in Bulgaria. More partners will be invited to join the Volentix development network to ensure maximum development of infrastructure for the Volentix community as a whole.
The core values of Volentix — the guiding principles that inform all decisions — are the following:
- Decentralization of Governance
- Decentralization of Profit
- Open Source
- Personal Privacy and Security
- Community Transparency
- The goals for distributing VTX are:
- Adding population to the Volentix ecosystem
- Increasing the value of VTX https://www.youtube.com/watch?v=CUSy7bVnnVg
The Volentix Pillars consist of:
VDex
The flagship DApp (decentralized application) of Volentix is called VDex, a next-generation, extensible, customizable, decentralized cryptocurrency exchange platform that will first prioritize the financial and data security of its users (by not possessing users’ information or assets) and, secondly, facilitate cross-blockchain exchange. Rather than depositing funds with a centralized exchange to perform trades, users of the VDex will always retain custody of their funds in their virtual wallets.
https://www.youtube.com/watch?v=eFogX3gunyM
Verto
Verto is the multi-currency wallet that will allow access to VDex. Private keys are maintained in this wallet and are accessible only by its owner, thus preventing access from hackers who might otherwise target an exchange. When a trade is made on VDex, the funds are temporarily locked until either the transaction is completed and the new funds become available, or the transaction is cancelled and funds are again released.
Vespucci
As VDex is a decentralized exchange, new currencies can be freely listed for trading. To prevent trading of worthless, nonexistent, or even dangerous cryptocurrencies, Vespucci protects and informs users by offering ratings and rankings of each currency. For this to be achieved, social, technological, and market data is mined, producing a comprehensive set of metrics using deep learning algorithms and artificial intelligence. These metrics are visualized as widgets that can be embedded in any site which desires a transparent analysis of cryptocurrencies. The same metrics are used to rank all currencies to allow users the benefit of making more informed decisions.
https://www.youtube.com/watch?v=eSxw7cWB_RY
Venue
With Venue, anyone can earn VTX for initiatives aligned with the Volentix distribution goals. Volentix development network members will post bounties and campaigns to Venue for work needed — for example, fixing bugs, creating content, or promoting Volentix — and anyone may claim a bounty in exchange for their efforts. Users of Venue will soon be able to compete with each other in a signature marketing campaign where a total pot of VTX tokens will be distributed to participants according to the number of forum posts which display a Volentix signature.
Volentix community members will also be able to submit, through Venue, proposals to the DAO which if approved will be funded with VTX. The approval process entails the DAO forwarding proposals to a third party who will study them for congruence with core values and distribution goals and then the third party will return research findings to the DAO. If the findings of such research are favourable then the proposal will be put to the community for a vote.
VTX
VTX is the native currency of the Volentix DAO. It is a cryptographic deflationary token that entitles the bearer to all the rights of a Volentix Community member.
VTX may be staked to:
- Submit proposals to the DAO
- Vote on proposals submitted to the Network
- Participate in the governance of the DAO https://www.youtube.com/watch?v=f0_61qz0470
Operating system:
EOS.IO sticks out, among other candidates for the substructure of our VDex exchange, as a commendable framework-like operating system upon which scattered applications can be built.
The EOS.io software provides accounts, authentication, databases, nonparallel communication, and scheduling across clusters.
At first, VDex will profit from the standard features offered by EOS.IO such as account and wallet creation or the recovery of stolen keys, but soon after that, protocols for the creation of a decentralized exchange through EOS contracts and other tools will be enabled.
*Example for a Regular Price Analysis of EOS:
''According to our latest analysis, the price of EOS is likely to increase at the rate predicted by the support line and move above the resistance line of the triangle.
We do not yet know if it will reach the resistance area near $6.''
https://beincrypto.com
The project also describes some of the promising methodologies to come
such as:
- Context-Free Actions
A context-free action involves transaction-data based computations, that unlike other user actions, does not require access to the blockchain to perform validation.
A primary example of such a computation is signature validation.
Given only the transaction-data and a signature, it can enumerate the public key that signed the transaction. This computation is one of the most costly individual computations a blockchain must perform.
Because this computation doesn’t depend on the blockchain state and only relies on transaction data, EOS.io can process all context-free actions in parallelity just like the signature verification.
Source | https://medium.com/@bytemaster/eosio-development-update-272198df22c1
Parallelization and optimization
Segregating authentication from application grants much faster transaction time and increases bandwidth (the maximum rate of data transfer across a given path).
EOS.IO blocks are reportedly produced every 500ms.
Web Assembly(WASM)
WebAssembly (abbreviated Wasm) is a binary instruction format for a stack-based virtual machine. Wasm is designed as a portable target for compilation of high-level languages like C/C++/Rust, enabling deployment on the web for client and server applications.
The Wasm stack machine is designed to be encoded in a size- and load-time-efficient binary format. WebAssembly aims to execute at native speed by taking advantage of common hardware capabilities available on a wide range of platforms.
Source | https://webassembly.org/
For more of the promising new methodologies view Volentix's Project Crowdin Page: https://crowdin.com/project/volentix-papers
Contribution specifications
- translation overview
The potential of the Volentix ecosystem is enormous and I am honoured to be a part of it as a Hebrew team translator. This development paves the way for more distributed and shared application, therefore being a huge benefit for the next generation of users.
The main reason for creating this system and its need to be translated into various languages is the achievable aspiration for a truly global society where people can collaborate in the most efficient, fair, secure, transparent and democratic ways.
Building a set of technologies to bring people together to encourage a decentralized crypto exchange.
It is one of the more exciting and yet difficult projects I have ever been involved in. Some words were quite challenging, such as the ‘’Vdex exchange’’, that was problematic to translate due not having the proper Hebrew term for it.
So for it to make sense and be compatible with the English term, I wrote it as
‘’Money-exchanger - חלפן כספים’’, Or the many other technical currency-related terminologies that each required expanded research of their own,
For instance, the c++ programing language specified in the project.
The Volentix platform uses several Extraordinary Security Features from the EOS.IO System in overcoming security challenges that interfere with traditional exchange platforms,
● Detect malware with the audit process
● Random diversification - that by switching protocols is a level of complexity
● Identify several factors
● Make sure the inspection log is a control.
● Prevent replays of transactions on forks that do not include the referenced block
● If the block manufacturer takes several runtimes that are unreasonable or not profitable enough, the process is blacklisted.
● Deploy special contracts that only accept deposits of known tokens from KYC'd accounts
● All accounts may only read and write in their database
** Languages: **
Source language: English
Target language: Hebrew
Words translated: 2021( in total 11 679)
Finally iv' completed the Hebrew translation for this project and I aim to continue translating many other projects that require Hebrew translations, as I have established a fonding to this job and its literary challenges.
Proof of Authorship:
Here is My Crowdin Profile: https://crowdin.com/profile/ilijanaglassman
Great work 😀 very consistant and accurate, keep it up 👍
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Thank you for your review, @nv21089! Keep up the good work!
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Great project i seen ever
Lets keep on hope this project will success obviously
Keep going on
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