Hyperion AMA Recap : Cryptoscreen Community

Earlier today the Hyperion team joined the Cryptoscreen Community Telegram to connect with the community and answer any questions they had relating to Hyperion mission, tech, progress on our journey so far, recent updates and our plans moving forward. Isaac Zhang chief architec of Hyperion took part in a particularly exciting AMA session which included introductions, questions from twitter, and a live AMA session with the Telegram community. If you missed the AMA live, have a read through this recap to gain some deeper insights into Hyperion, You also need to know that our AMA this time has a $200 prize in HYN Token.

INTRODUCTION

Abiel :

all right, before we start the first session. I’ll ask a little about your background.

Isaac Zhang :

Hi all this is Isaac from Hyperion. My primary role is to architect the integrated design of the tech and social-economic structure of the project. Hyperion’s vision is to build “One Map” - that is to build a decentralized map infrastructure for the world. I have a Computer Science PhD background and have prior expeirence in starting map company

Thank You for participating!

Abiel :

your experience will certainly motivate us in the future 😊

Okey guys.. we will start for the first session🥳🥳🥳

In this session I will ask a little about Hyperion , after you have finished giving answers. you can say "done" sir.

Isaac Zhang :

sure.

Abiel :

Can you tell us What is Hyperion?

Isaac Zhang :

Hyperion’s vision is to build “One Map” - that is to build a decentralized map infrastructure for the world. Hyperion provides a blockchain (Atlas) as a consensus layer and a map data network (Map3) for others to build decentralized versions of widely adopted locations services such as Uber. You can imagine a wide array location based applications running on the Hyperion infrastructure one day.

Map is important - the mostly widely used infrastructure of everyday life and the infrastructure for a wider range of decentralized location based applications such as a decentralized Uber. And our team is strong in tech and I have prior experiences to build scalable map systems.

Abiel :

Many types of protocols exist today, one of which is Consensus Protocol. So, what is Hyperion built-in consensus protocol?

Isaac Zhang :

Short answer: the block producing consensus protocol is PoS-based. It provided proven performance and security. We couple the PoW protocol to select who’s “worthy” for participating in the block producing community. So it is a Hybrid consensus called PoH = PoW * PoS

Long version: A consensus protocol concerns not just “How” but also “Whom”, i.e. the block producing committee membership problem. It is a definitive feature of a decentralized organization that it defines who maintains the infrastructure and gets rewards for doing so. We developed a PoW based mechanism to to provably and fairly select those committee members. It is an organic hybrid of PoW and Pos. We coined the term PoH for our overall consensus protocol. You can know more about PoH on the econ paper 2.0.

Abiel :

Okay I will give last question for this session.

are the main benefits offered by node Map3?

Isaac Zhang :

The network is open to everyone and everywhere! Anyone can spin up a node in 5 mins. Visit https://map3.network for documents to run a Map3 node. It supports keyless node deployment now. You can see Map3 in action at https://titan.map3.network The backend of the data and service is provided by our decentralized map3 service network. The service will get better over time with more Map3 nodes in different regions of the world. Running a Map3 node can earn service rewards after our Mainnet launch.

TWITTER QUESTION

Question 1 :

You are a well-established and well-known company? So why do you need to do an AMA? We are very curious to know what is the main purpose behind it? Are there any targets that you are pursuing especially from the Indonesian market?

Isaac Zhang :

All companies, the biggest ones included, need to get in touch with their supporters and collect useful feedback from the real world and we are no exception. AMA provides us a platform to answer any question you may have and often that tells a lot about the public perception of the project, which is important. Indonesian market is known to all as a fast-developing dynamic market with a large population and good infrastructure. We had in-depth discussions with local big banks, telecom companies and the geospatial department in Indonesia before. And we would love to continue the conversation.

Question 2 :

Map 3 use an a primitives cryptographics in system. Based on Titan system is still safe to use your flatform ? How you can make sure is your map3 technology is safe to use and what you willing to do to protect your user ?

Isaac Zhang :

Map3 is built on total decentralized infrastructures. It can run your laptop, a cloud instance, or the NAS machine at your home. All services are transactions of accessing services are verified anonymously through strong cryptographic strong primitives. Any network request will be routed randomly and unpredictably throughout the network. The location encryption primitive used in Titan location sharing is as secure as it can get.

Question 3 :

In the future, what are the main goals of Hyperion? How does Hyperion increase the value of (HYN) token so investors will be interested and join to invest on Hyperion?

Isaac Zhang :

The future is to laser focus on the roadmap to gradually and steadily rollout the mainnet and new econ model. With that others will follow. In addition to creating higher demand for tokens through more adoptions and applications, our econ 2.0 model has a purpose-built Token burning mechanism to lower the supply over time. Higher demand, lower supply, higher value.

Question 4 :

Most people think that a successful blockchain or crypto project is measured by the price of their token. Then what about the Hyperion project? What success targets will soon be achieved apart from the price side?

Isaac Zhang :

Hmm i don't normally talk about token price because i think it is not the main indicator of our success. But I do want to share how to get here: by keeping hands dirty building products, connecting with communities (like the AMA we are doing now.) and collecting valuable feedback on how we could do it better.

As for the goals/targets please check the answer to the last question

Question 5 :

Most other projects use Proof-of-Work (PoW) and Proof-of-Stake (PoS) mechanisms or algorithms. But Hyperion uses PoH Mechanism, can you explain the differences and benefits of the PoH mechanism?

Isaac Zhang :

In simple terms, let’s think of PoH as a high-level organic combination of PoW and PoS. PoW provides a verifiable mechanism to incentivize a larger network of map services (the more verifiable works done, the higher the reward). While PoS provides an efficient paradigm for providing a fast and cheap consensus layer. That's a simple static view of PoH and it is just 50% of PoH.

The other 50% lies in the dynamic structure of PoH. We have designed a total of 10 scaling cycles for Map3 nodes (the PoW layer) to scale out (for higher network capacity and more community participation) and thereafter trigger the Atlas (the PoS later) to scale up (higher staking volume). Scaling out and up will burn more HYN through our Token Burning Model and change the supply-demand dynamics of the tokens. The scaling cycle will happen every other few months to catalyze the growth of the ecosystem.

To sum up, the new PoH paradigm includes:
Static Structure: An innovative two-layer token staking mechanism. Token holders can participate in running Map3 nodes through micro-staking for service incentive, and then transitively (no extra tokens needed) Atlas nodes through re-staking for mining incentive.
Dynamic Structure: The Map3 network performs horizontal scaling overtime to incentivize more Map3 nodes, more micro-staking participants, and thus a more vibrant ecosystem.
Token Burning Model: token burning is embedded in the network scaling process to expedite the development of the ecosystem by changing the demand-supply dynamics.

FREE/LIVE QUESTION

Question 1 :

why Hyperion build in Spatial Consensus Protocol? , what’s the advantage of using this consensus for Hyperion?

Isaac Zhang :

In addition to providing an immutable consensus of general account states, we also index the global spatial information. Just like how Ethereum/Bitcoin keep a merkle hash root of all account status in the header of every block, we also store a merkle root of all spatially-indexed data on the block header. The single root is an overall representation of the “world state” of spatial data (map data). Spatial data can be naturally encoded with a tree-based structure (for interested readers, https://github.com/google/s2geometry) and thus can be compressed and verified through merkle proof. This makes our blockchain spatial-native and different natively from other blockchain systems.

Question 2 :

In the world of competitive technology is a sure thing, can you give a picture of Hyn
competitors? Then what does Hyn do to stay the best ?

Isaac Zhang :

I think it is early to consider competition in such an early state of the field. The market is expanding faster than any single player. In simple words, the cake gets bigger and faster than our stomach can grow. We just need to stay focused on our roadmap and build a good infrastructure and adoptions and killer applications will follow. On the research front, we take a very very pragmatic approach to bring the best research to production. Build only on solid and battle-tested technical primitives and be creative on the econ model and community front - as you can fork the code but not the community.

Question 3 :

- Can you list some of Hyperion outstanding features for everyone here to know about ?
- What are the products that Hyperion is focusing on developing?

Isaac Zhang :

Good question! We have a unique economic model and strong technical implementation. But that’s not the most intriguing part to share today - that we are building a huuuuuuuge and successful community. The project OpenStreetMap (OSM), an wiki-like map, has been a successful community for 15 years now and it has accumulated over 6 million active open map volunteers and enthusiasts. That’s very unique about us that we are building the vision on such a firm community ground. This provides an overall answer to your question (https://www.map3.network/docs/what-is). Also a good read!

Question 4 :

why Hyperion build in Spatial Consensus Protocol? , what’s the advantage of using this consensus for Hyperion?

Isaac Zhang :

In addition to providing an immutable consensus of general account states, we also index the global spatial information. Just like how Ethereum/Bitcoin keep a merkle hash root of all account status in the header of every block, we also store a merkle root of all spatially-indexed data on the block header. The single root is an overall representation of the “world state” of spatial data (map data). Spatial data can be naturally encoded with a tree-based structure (for interested readers, https://github.com/google/s2geometry) and thus can be compressed and verified through merkle proof. This makes our blockchain spatial-native and different natively from other blockchain systems.

Question 5 :

In the world of competitive technology is a sure thing, can you give a picture of Hyn
competitors? Then what does Hyn do to stay the best ?

Isaac Zhang :

I think it is early to consider competition in such an early state of the field. The market is expanding faster than any single player. In simple words, the cake gets bigger and faster than our stomach can grow. We just need to stay focused on our roadmap and build a good infrastructure and adoptions and killer applications will follow. On the research front, we take a very very pragmatic approach to bring the best research to production. Build only on solid and battle-tested technical primitives and be creative on the econ model and community front - as you can fork the code but not the community.

Telegram Community | Official Channel | Official Twitter | Hyperion Community

--

--

--

CRYPTOSCREEN is an Crypto Community formed to provider education around the world of cryptocurrency : Trading, Bounty Campaign, Airdrop and AMA.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

How to Claim your tokens

Building a Bridge to Financial Sovereignty

Is the Chinese Cryptocurrency Mining Ban Bad for Bitcoin?

Megan Thee Stallion has BTC in her bag 💁‍♀️

Jibrel: November Update

Strategic cooperation with Infodriver — Aimedis welcomes Mr. Kirill Mishanin on the advisory board

Community Update: Babylons Genesis Collection by Ambassador Artists

Announcement on BEL Token Burn

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CRYPTOSCREEN

CRYPTOSCREEN

CRYPTOSCREEN is an Crypto Community formed to provider education around the world of cryptocurrency : Trading, Bounty Campaign, Airdrop and AMA.

More from Medium

3st AMA RECAP : MOREAL × 🔊CRYPTO MINERS

Kyte.One x IM community AMA RECAP

Interface Update. Save Bees. Together!

TitanSwap Monthly Report February