Vision

Jin Network vision is to deliver a blockchain that can bring mainstream adoption to web3 and empower an ecosystem of decentralized applications to solve real-world user problems. Our mission is to advance the state-of-the-art in blockchain reliability, safety, and performance by providing a flexible and modular blockchain architecture. This architecture should support frequent upgrades, fast adoption of the latest technology advancements, and first-class support for new and emerging use cases.

We envision a decentralized, secure, and scalable network governed and operated by the community that uses it. When infrastructure demands grow across the world, the computational resources of the blockchain scale up horizontally and vertically to meet those needs. As new use cases and technological advances arise, the network should frequently and seamlessly upgrade without interrupting users. Infrastructure concerns should fade into the background. Developers and users will have access to many different options for key recovery, data modeling, smart contract standards, resource usage trade- offs, privacy, and composability. Users know that their assets are secure, always available, and can be accessed with near at-cost fees. Anyone can safely, easily, and immutably transact with untrusted parties worldwide. Blockchains are as ubiquitous as cloud infrastructure.

To achieve this vision, significant technological advances must be made. Our experiences building, developing, advancing, and deploying the Diem blockchain (the predecessor of the Jin Network blockchain) over the past three years have proven that a network can continually upgrade its protocols without disrupting its clients [4]. The Diem mainnet was deployed to more than a dozen node operators with multiple wallet providers in early 2020. Over the following year, our team issued two major upgrades that changed the consensus protocol and the core framework. Both upgrades were completed without downtime for users. With the Jin Network blockchain, we have made a series of radical improvements to the technology stack while also incorporating safe, transparent, and frequent upgrades as a core feature, as inspired by the Diem blockchain. In particular, we highlight novel methods of transaction processing (as described in Section 7) and new approaches to decentralization and network governance.