Answering Questions from the Community(Jul 2023)

11 min readAug 21, 2023

1 How is Trias preparing for the upcoming Bitcoin halving in 2024, and what strategic changes are you implementing, especially in terms of listing TRIAS on exchanges and advancing your eco projects?

Bitcoin is set to undergo its next halving in April 2024, marking a pivotal moment not only for Bitcoin itself but also for the Trias ecosystem as a whole. This juncture holds paramount significance in our timeline, aligning with the strategic plans of various eco projects. In the first half of the upcoming year, we will be dedicated to realizing the meticulously outlined designs we’ve set forth. The ongoing projects we’re actively championing are progressing through their testnet and mainnet development phases in a systematic manner. Our resolute commitment is to adhere to the established timeline while ensuring each milestone is met.

Furthermore, our strategy remains flexible and responsive to the ever-changing market landscape. A clear and strong demand from our community for expanded TRIAS listings on more exchanges has prompted us to adjust our plan. While our initial focus was on the comprehensive launch of various eco projects — Triathon, Tusima, Ethanim, and Leviatom — while simultaneously advancing the broader spectrum of Trias technology, we are now shifting to accelerate our efforts in TRIAS’s exchange listings. This strategic adjustment further involves updating the Trias official website, releasing its new whitepaper and the roadmap.

Looking ahead, our unwavering focus remains on the proliferation of our eco projects onto exchanges. Concurrently, we are poised to introduce transformative mechanisms such as the Swap-n-Burn and staking systems. These strategic additions will empower the Trias community, not only by enabling enhanced TRIAS trading across a broader exchange spectrum but also by facilitating TRIAS-to-eco token swaps, aligned with each individual’s vision for our eco projects.

2 Can you delve deeper into the details of the Trias tokenomics design?

Trias functions as an intricate, multi-layered network system, with the current focus of the Trias token centered on Layer ‘-1’. As highlighted in a previous AMA session, Layer ‘-1’ is not directly involved in transaction handling and necessitates the creation of a dedicated Layer 1 atop it. To fully leverage Layer ‘-1’s potential, we further require advanced technology stacks like Triathon, Tusima, Ethanim, and Leviatom. Only through these innovations can we realize the comprehensive computing system supported by Layer ‘-1’.

Distinct eco projects within Trias are designed with varied incentive structures to cater to specific user groups. In this context, the TRIAS token holds a pivotal role as the foundational support and main token for all eco projects. The alignment of these facets with the overarching Trias tokenomics framework adds complexity to the process, contributing to the time-intensive nature of the design.

Our intent is to finalize the economic model’s design by the close of Q3. Subsequently, we will embark on the launch of a testnet for our own EVM-compatible Layer 1 network, grounded in the Trias architecture. This initiative will put our economic model concepts into practical application, spanning the forthcoming 1–2 months. Throughout this testnet phase, we will actively involve the community, seeking validation and insights that will further refine our design approach.

3 Can you provide updates on Trias’s collaborations in Japan?

As highlighted in our recent AMA, we’re proceeding cautiously with information sharing about our Japanese partnerships. However, I’m excited to reveal that discussions are underway with Japanese exchanges regarding TRIAS’s potential listing in Japan. Once the listing is secured, our esteemed partners will be able to make the official announcement about our collaboration.

Apart from the exchange listing, what excites me most is our robust collaboration with a prominent traditional Web 2.0 online payment leader in Japan, ranking among the top five. Our partnership is progressing steadily, marked by thorough joint testing. Over the next 1–2 months, these tests will seamlessly integrate with Trias’s Layer 1 EVM-compatible network. This forthcoming outcome promises to showcase Trias’s prowess within a high-throughput, industrial-grade financial production environment that prioritizes paramount security protection and privacy preservation. We’re optimistic that this will underscore our capability to process over two million daily transactions.

The significance of these transactions lies in their embodiment of Real World Assets (RWA), as they are real-life day-to-day online transactions. This furthers our Layer 1 network’s mission: to migrate a growing portion of Japan’s traditional Web2.0 database-driven online transactions onto the Trias Layer 1 network. This strategic migration is safeguarded by Tusima, ensuring transactional privacy. Looking ahead, the development of DApps on Trias’s Layer 1 network will catalyze DeFi for these RWA-backed financial assets in Japan. This innovation introduces new Web3 financing methods for traditional Web 2.0 enterprises while elevating RWA support for Web3’s DeFi landscape. RWA-backed DeFi supported by the upcoming Trias’s Layer 1 network will stand as a cornerstone for the Trias network, paving the way for novel application scenarios across the Web3 landscape.

4 Are there any updates regarding Tusima’s technology implementation in Japan?

Currently, our primary focus revolves around empowering Tusima to effectively handle the conventional Web 2.0 transactions brought in by our partners, while bolstering these transactions with robust privacy safeguards. Subsequently, our aim is to progressively enable a portion of the substantial Web2.0 transaction volume from our clients to be settled directly through our stablecoin. This encompasses trade settlement scenarios both within Japan and beyond. Presently, we’re immersed in the design phase of a cross-border stablecoin business settlement project involving Japan and a Southeast Asian nation.

We’ve recognized the compelling potential of stablecoins in cross-border trade, significantly enhancing transaction efficiency across multiple countries. This serves as a pivotal cornerstone for the implementation of RWA-backed DeFi, which is central to our objectives. Our aspiration is to ultimately route all online transactions within Japan through Tusima, further facilitating decentralized financial services for these transactions on Trias’s Layer 1 network, implemented by Defi DApps in our ecosystem.

Through abundant Defi DApps running on our Layer 1 network, on-chain transactions of traditional online businesses can be analyzed to facilitate asset issuance. These assets can then be seamlessly transformed into stablecoins, thereby aiding businesses in sourcing funds that align with conventional financial systems. Thus, our strategy aligns with two goals: introducing RWA-backed DeFi to equip Web3 with financial tools for Web 2.0 businesses, and harnessing stablecoin infrastructure to translate Web3 financial assets into pivotal mechanisms that empower Web 2.0 enterprises to seamlessly engage in conventional trade on a global scale. This encapsulates the imminent potential of stablecoins in our envisioned application landscape.

5 Can you elaborate on your long-standing vision for Trias as the technology keystone for the next-generation Internet?

Since 2007, during my time as a graduate student, I’ve been immersed in the quest to construct the technological foundation for the next-generation Internet. This journey has spanned my academic pursuits and entrepreneurial endeavors, consistently fueled by the aspiration to realize this visionary goal. Those who delve into the Trias white paper will find that it encompasses the evolution of my research papers, from my graduate years to my doctoral and postdoctoral phases. This collective endeavor to establish the keystone for the next-gen Internet has always been the driving force for the whole Trias team.

Central to this keystone is the trust layer of the Internet. Our aim is to cultivate trust by reshaping how nodes interact and confide in each other. Our vision paints a picture where any two nodes on the Internet can accurately comprehend the programs the other has executed or intends to run, along with the manner in which they handle transmitted and received data. A critical challenge in the current Internet landscape is that, before communication, two nodes lack a genuine understanding of each other’s genuine software capability. This information gap is the bedrock for most of the cybersecurity risks on the Internet.

Trias’ Layer ‘-1’ seeks to remedy this issue. Employing the HCGraph algorithm, nodes can undergo frequent verification by their peers, thereby establishing a Web of Trust wherein nodes can mutually validate each other’s integrity. This parallels human relationships where deception requires mutual reinforcement, incurring considerable costs. I first proposed such a network in a 2011 paper, and through careful design, it has demonstrated remarkable resilience through experiments. The cover for a false node would require nearly 90% of the entire network to collaborate maliciously, making it exceedingly difficult for even a minor deception to go unnoticed.

Upon full network deployment of Trias, our algorithms can assess the trustworthiness of any given node. Precise trust computation, often challenging in human societies, becomes viable in the digital realm due to the customizable nature of computers. We’re confident that this form of the Internet can catalyze transformations in domains like big data, cloud computing, and traditional IT infrastructure. We’re also planning to elevate AI’s credibility based on Trias Layer ‘-1’ network.

Naturally, the core dynamic for maintaining this trustworthy and reliable Internet will be driven by TRIAS, the core of our entire ecosystem.

6 What plans do you have for future engagement and promotion?

In the past, my focus has been primarily on academic research, technological advancement, and business expansion. This dedication often led me to spend significant time with partners, which, in turn, limited my direct engagement with the community. I’ve always held the belief that gradually implementing and delivering our technology and products to a broader audience is the most effective form of promotion of our visionary goals. Naturally, as we move ahead, our forthcoming projects will initiate more comprehensive marketing endeavors. Concurrently, we are poised to unveil a series of collaborations with deeply committed partners. Our collaborative venture with Oxford University, through the joint laboratory, will also take on a more active role, facilitating a dynamic exchange of insights between academia and industry. Going forward, I intend to participate more actively in these initiatives, driving the involvement in a growing array of such impactful events.

7 How does NetX intend to reshape the current IT infrastructure?

As previously highlighted, the core objective of Trias’s Layer ‘-1’ lies in the establishment of a Web of Trust on top of the entire Internet. This innovative approach facilitates efficient trust-building between unfamiliar nodes, thereby enhancing the operational efficiency of traditional IT infrastructure. Several of NetX’s eco projects are strategically aligned to leverage the capabilities of Trias’s Layer ‘-1’ network to construct more streamlined infrastructures. For example, Leviatom aims to establish a decentralized cloud infrastructure with Layer ‘-1’ support, Behemotum is geared towards creating a decentralized big data platform on top of Layer ‘-1’ with privacy preservation, Divina focuses on being an infrastructure for decentralized software service development, and Octavius strives to achieve trustworthy AI-driven services. On top of this ecosystem, Tusima takes on the role of the financial infrastructure, while Ethanim serves as the interface to the NetX realm. The comprehensive security, risk mitigation, and reliable asset issuance are all underpinned by Triathon. NetX’s ultimate ambition is to establish a benchmark for the entire internet’s IT infrastructure, extending beyond Ethereum alone.

I would also like to provide my understanding of Web 3.0. Contrary to popular belief, Web3 is not synonymous with Web 3.0. The latter was initially proposed by Tim Berners-Lee. This British computer scientist is credited with inventing the World Wide Web in 1989, outlining a comprehensive international standard. Web 3.0 aims to build a fully Intelligent and Autonomous Internet where applications actively communicate with each other and find data by themselves to fulfill more complicated human requests. While Web 1.0 was a “read-only” Web, Web 2.0 added the “writable” capability. Web 3.0 further introduces “executable” capability.

However, due to the intricate nature of requisite technologies, industry cooperation, and incentive structures, the complete realization of Web 3.0 has remained elusive. NetX’s vision is to harness emerging technologies developed over nearly two decades, such as big data, cloud computing, and artificial intelligence, to ultimately realise the genuine Web 3.0 vision. And from our perspective, to ultimately realise the Trustworthy and Reliable Intelligent Autonomous System/Web.

In my perspective, Web 3.0 entails a holistic upgrade over Web 2.0, encompassing full-fledged Web 2.0 applications. This mirrors how Web 2.0 seamlessly embraced and supported Web 1.0. Presently, the existing Web3 framework falls short of achieving this full integration, making it a challenge to execute complex Web 2.0 technologies entirely within the current Web3 system, for example, no one will even try to implement the entire Twitter on Ethereum or any other Layer 1/2 public chains alike.

Hence, in my interpretation, Web3 supplements Web 2.0 rather than replacing it outright. Conversely, the decentralized technologies born from Web3, including storage, computation, ledgers, and consensus mechanisms, effectively address the technological gaps identified by Berners-Lee while envisioning Web 3.0. This strategic direction significantly informs NetX’s trajectory. In essence, NetX aims to utilize the principles of Web3 to transform the foundation of Web 2.0, and ultimately host all the existing Web 2.0 applications. This distinct approach sets us apart from many other ongoing projects, and certainly, within our technological framework, the vision envisaged by Vtalik can be seamlessly realized through NetX’s technological paradigm.

8 Does Trias join the initiative of Shanghai blockchain digital infrastructure system?

Currently, our participation does not extend to the Shanghai initiative. As OCTA is headquartered in Beijing, the capital of China, we are more keen on participating at national level projects instead of provincial level. Among these initiatives, a pivotal undertaking entails leveraging our blockchain technology to engage in a national-level supply chain and industrial big data platform. This data hub plays a crucial role, facilitating enhanced data comprehension for banks and subsequently enabling businesses to access more efficient and precise financial services. It is through such experiences that we are well-positioned to offer services via the upcoming Trias Layer 1 to traditional financial transactions in Japan, leveraging a public chain to provide them with financing and asset issuance within the Crypto community. These application scenarios exemplify our unwavering confidence in this approach.

In this AMA session, we covered various significant updates that are of high interest to our valued community members. Let’s delve into the key takeaways:

Exchange Listing Program: We are actively progressing with the TRIAS listing program and have received invitations from several interested exchanges. As we move forward, we are particularly focusing on ensuring accessibility for users in North America. We are on the verge of finalizing new exchange partnerships and will promptly share the exciting news with our community!
Liquidity Data Correction and TRIAS Unlocking: Our team has successfully corrected the Trias liquidity data on CoinGecko, and we are currently in the process of updating the CMC platform as well. We are making steady progress with the TRIAS token release schedule, and we anticipate that by October, all TRIAS tokens will be unlocked for circulation.
Trias Staking and Governance: We understand that the community has been eagerly anticipating the Trias Staking feature, and we are thrilled to announce that it will be launched soon. With Trias Staking, users will have the opportunity to stake TRIAS and receive governance tokens for eco projects. Notably, the governance function for Triathon will also be introduced in the near future. We will provide detailed information ahead of the launch, so stay tuned!
Global Expansion and Ambassador Program: The Trias ecosystem is flourishing on a global scale, with operations launched in various countries, including the UK, Japan, South Korea, and more. To further extend the reach of TRIAS worldwide, we are excited to unveil the Ambassador Program. We encourage you to consider applying for this program as we work together to promote TRIAS across the globe.

We extend our heartfelt gratitude to the incredible Trias community for your continuous support and partnership. Let’s continue to collaborate and shape the future together. We look forward to connecting with you in our upcoming AMA sessions. Until then, stay engaged and inspired!