Grant Application

This application is (select one):

[x] Speculative (use this by default)
[ ] an RFP response

This application is (select one):

[ ] Public (fully)
[x] Public with private finances

Abstract

Deeper Network is committed to building a truly decentralized and secure gateway to a more democratic internet. It aims to bring a better internet experience to every household and become the de facto portal to Web 3.0.

There are two layers in the blockchain architecture. The top layer consists of hundreds of validator nodes (substrate node). The bottom layer, also called the deeper layer, consists of potentially millions of deeper devices. These devices earn credits by providing services in the deeper network, e.g., sharing bandwidth. A device can delegate its credits to validator node to participate in consensus and earn block reward. The consensus is a combination of Proof of Stake (PoS) and Proof of Credit (PoC). The two layers secure each other by the PoC component. The token economics increases the network by incentivizing more users to join the network.

Checklist

[x] The grants document has been read and understood.
[x] The Google Form will be completed accurately. Note that the Google Form requires the pull request URL.
[x] Abstract (above) is succinct and complete.
[x] The application is being included into the correct directory: either 'targeted' or 'speculative'.
[x] The application includes a project description.
[x] The application includes all names of team members.
[x] The application includes a description of the team's experience.
[x] The application includes all necessary links (e.g. GitHub and LinkedIn)
[x] The "Development Roadmap" section in the application has a timeline of development ("milestones").
[x] The "Development Roadmap" section in the application has an estimate of funds required.
[x] The "Development Roadmap" section gives an indication of the team's long term plans.
[x] The "Development Roadmap" section includes documentation as a deliverable for at least one milestone.

w3f / General-Grants-Program