Building a Decentralized Operating System

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Hey guys, I've been working on a new protocol called the Marketplace which
is a decentralized operating system that co-ordinates and economizes the
execution of computational work across a peer-to-peer network of nodes.
Where there is no barrier to the node participation.

Unlike proof-of-work systems, where nodes burn large amounts of energy to
solve "non-useful" puzzles, the Marketplace organizes a peer-to-peer market
of computational trade where nodes offload useful computational work called
"jobs" directly to each other and pays in the system's native
cryptocurrency, goldcoin(GDC). Effectively redirecting energy into real
economic growth.

Security without "Staking" is achieved using Proof-of-Capability (PoC), a
new "sybil-resistant" mechanism that selects and incentivizes a small
committee (=E2=80=9Cwhiterooms=E2=80=9D) to validate and reach consensus on=
 the result of
jobs without boggling down the entire network with redundant execution.
This allows the amount of jobs handled in parallel to scale directly with
the amount of nodes on the network analogous to an OS on a multi-core
device.

Real utility then comes from the "services layer" where nodes can compose
stalls(modular services) into larger digital structures(e.g websites), and
execute them regardless of size in near constant time by taking advantage
of the parallel execution environment of the marketplace. The system=E2=80=
=99s
monetary policy dynamically adjusts issuance such that price of execution
is constant regardless of network load.

Whitepaper (PDF):
https://github.com/bajoescience/Marketplace/blob/master/Whitepaper.pdf

I=E2=80=99d appreciate feedback on the design, especially on consensus secu=
rity and
the economic model, Thanks.

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<div dir=3D"ltr">Hey guys, I&#39;ve been working on a new protocol called t=
he Marketplace which is a decentralized operating system that co-ordinates =
and economizes the execution of computational work across a peer-to-peer ne=
twork of nodes. Where there is no barrier to the node participation. <br><b=
r>Unlike proof-of-work systems, where nodes burn large amounts of energy to=
 solve &quot;non-useful&quot; puzzles, the Marketplace organizes a peer-to-=
peer market of computational trade where nodes offload useful computational=
 work called &quot;jobs&quot; directly to each other and pays in the system=
&#39;s native cryptocurrency, goldcoin(GDC). Effectively redirecting energy=
 into real economic growth.<br><br>Security without &quot;Staking&quot; is =
achieved using Proof-of-Capability (PoC), a new &quot;sybil-resistant&quot;=
 mechanism that selects and incentivizes a small committee (=E2=80=9Cwhiter=
ooms=E2=80=9D) to validate and reach consensus on the result of jobs withou=
t boggling down the entire network with redundant execution. This allows th=
e amount of jobs handled in parallel to scale directly with the amount of n=
odes on the network analogous to an OS on a multi-core device. <br><br>Real=
 utility then comes from the &quot;services layer&quot; where nodes can com=
pose stalls(modular services) into larger digital structures(e.g websites),=
 and execute them regardless of size in near constant time by taking advant=
age of the parallel execution environment of the marketplace. The system=E2=
=80=99s monetary policy dynamically adjusts issuance such that price of exe=
cution is constant regardless of network load. <br><br>Whitepaper (PDF): =
=C2=A0<br><a href=3D"https://github.com/bajoescience/Marketplace/blob/maste=
r/Whitepaper.pdf">https://github.com/bajoescience/Marketplace/blob/master/W=
hitepaper.pdf</a><br><br>I=E2=80=99d appreciate feedback on the design, esp=
ecially on consensus security and <br>the economic model, Thanks.</div>

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