GateLive AMA Recap-Waterfall

Q1. Can you provide a brief introduction to Waterfall and what it's all about?

Waterfall is a highly scalable and highly decentralised BlockDAG EVM-compatible Layer 1 protocol. Waterfall was built based on Directed Acyclic Graph (DAG) technology. It provides a high-performance ecosystem for developing decentralised applications (DApps).Waterfall challenges the trilemma of scalability, decentralisation and security by dramatically increasing scalability, rivalling and exceeding the scalability of conventional centralised platforms like VISA.

Key Takeaways: ·The well-known trilemma of scalability, security, and decentralisation in distributed systems boils down to a simple tradeoff between scalability and decentralisation.

·Scalability and decentralisation are necessary conditions for numerous use cases in various fields (DeFI, DePIN, IoT, Enterprise, etc). The mass adoption of DLT is only hindered by this inherent trade-off.

·The Waterfall distributed protocol is based on Directed Acyclic Graph (DAG) technology with PoS consensus, which solves the blockchain trilemma.

·The prime goal of the Waterfall smart contact platform is to provide an efficient and favourable ecosystem for the development of various decentralised applications (DApps). Its many advantages include high performance, low transaction fees, a low entry threshold, minimal hardware requirements, perseverance of standards, embedded tokens, subnetworks, and dynamic adjustment.

·At present, virtually unlimited sharding is under development. The fractal network structure will have the capacity for an unlimited number of heterogeneous shards.

Q2. Can you tell us about the Waterfall team?

The Waterfall team includes senior professionals who have made substantial contributions to building the Ethereum ecosystem, and those who have successfully competed against it, along with other recognized industry champions.

·NEM, which ranked among the top-4 blockchains on CoinMarketCap, with only BTC, ETH, XRP above it

·Founder and CEO of Transform Ventures

·General Partner of Draper Dragon

·R&D Team consisting of PhDs and developers with previous relevant experience

Q3. Are there any plans for staking associated with WATER?

The main elements on our network are nodes and validators. Participants can stake WATER Coins, start running a node, and receive tangible rewards for contributing to the security of the mainnet.

We successfully passed our technology test with 1.5 mln validators. To the best of our knowledge, no other platform has ever had so many validators on their mainnet.

There are significant benefits to starting a node early, primarily due to the number of validators on the mainnet. Rewards are directly connected to the number of validators. Our website features a statistics page where you can check the live status of the number of validators, rewards per year, and rewards per day.

We have simplified the process and prepared detailed instructions on how to run a node. For those who are not technically inclined, you can simply buy coins and choose an infrastructure provider from among our partners, with whom we have successfully integrated.

Q4. How do you plan to attract new participants to the Waterfall mainnet?

Our primary focus from the very beginning has been to serve our community.

Newcomers to crypto are often non-technical, but have a keen awareness of market trends and technological developments. We are working to ensure that the Waterfall Network ecosystem addresses the needs of each category of users. We are diligently forming partnerships and co-promoting our platform with multiple global projects that could potentially be connected to the Waterfall Network:

·Staking Infrastructure Providers ·Bridges ·Oracles ·Digital Identity ·Liquid Staking ·DEX/Swap ·Lending Protocols ·Gaming ·NFTs ·Stablecoins ·Wallets

We have scheduled AMA sessions to keep our community informed of our partners and their services. We frequently participate in conferences and meetups, and we plan to establish regional managers around the world.

Q5. What are the immediate priorities for the Waterfall Network following the mainnet launch?

1) Expanding community awareness: We plan to increase awareness about the Waterfall Network within the community, to ensure widespread understanding and engagement. This includes participating in conferences, meetups, AMA sessions, podcasts, and registering on multiple digital platforms to track Waterfall's performance.

2) Establishing partnership communities: We want to ensure that all segments of our community are able to leverage the Waterfall Network, to become validators, use the Network to build a variety of dApps, and more.

3) Optimizing security: We have successfully passed a security audit conducted by the highly reputable Hacken Blockchain Security Auditor. To leverage this achievement, we plan to implement a Bug Bounty program to continuously enhance our security measures and ensure the robustness of our Network.