Sonr is a peer-to-peer identity and asset management system that leverages DID documents, Webauthn, and IPFS — providing users with a secure, user-friendly way to manage their digital identity and assets.
This document highlights the overall cryptographic mechanisms, token economy, and infrastructure system design involved in the Sonr Network, and blockchain.
Sonr is a Cosmos powered blockchain which is powered by a TenderMint validation mechanism. The default consensus for TenderMint is DPoS and works with our current ABCI implementation for Transaction Verification. DPoS is a twist on Proof of Stake consensus that relies upon a group of delegates to validate blocks on behalf of all nodes in the network . Witnesses are elected by stakeholders at a rate of one vote per share per witness . Coin age is irrelevant. All coins that are mature will add the same staking weight (usually 1 in the wallet hover display) Results in stable, consistent interest only for active wallets and only with small inputs.
Existing mechanisms for user identity with their lack of standardization have led to faulty solutions that source information from closed third-party sources. By introducing a new peer-to-peer network we solve this issue at the point of the device and leverage a blockchain system to verify User claims.
Sonr provides the utility of managing crypto assets, private identifiable information, and application specific data while having full W3C Decentralized Identifier compliance.
On Sonr we will be leveraging a delegate stake mechanism in order to optimize buy-in for users in the network. It imposes an excess opportunity cost if slashing is implemented.
With this being said, there are some challenges in implementing staking: