Aidos Kuneen

History

IMesh is a new distributed ledger which is based on a DAG (directed acyclic graph). Even though IMesh is not a blockchain it is still based on the same underlying principles: it’s still a distributed database, it’s still a P2P Network and it still relies on a consensus and validation mechanism.

The structure of the Mesh is defined by the following concept: Each transaction directly verifies two other transactions and therefore confirms that they are valid and conform to the protocols rules.

This directly influences how the network reaches consensus: Instead of having PoW (miners) or PoS (stakers) be responsible for the overall consensus the entire network of active participants is directly involved in the approval of transactions.

As such, consensus in ADK is no longer decoupled from the transaction making process: it’s an intrinsic part of it, and it’s what enables ADK to scale without any transaction fees. This makes it so ADK can operate as an autonomous decentralized and self-regulating p2p network.