Rangers Protocol: A Blockchain Platform For The Virtual World Offering A Full Vertical Solution.

RANGE PROTOCOL: WHAT IS IT?

Rangers Protocol is a blockchain technology for the virtual world that offers a full vertical solution. Rangers Connector, the company’s cross-chain bridge tool, is one of the current leading cross-chain solutions in addition to aiding the creation of NFT and complicated applications.

To provide cross-chain stability and asset security, Rangers Connector employs a VRF+TSS-based consensus method. The data and status of the NFT may be sent entirely across the cross-chain procedure.

UniArts is a multi-network NFT ecosystem that offers on-chain services including community voting and DAO administration.

Artists can, for example, utilize UniArts to provide online services for their works and let community members to vote on NFT works that have been uploaded to the blockchain. The items that received the most votes will be rewarded and will have the opportunity to be curated offline.

UniArts will benefit from cross-chain services provided by Rangers Protocol via the Rangers Connector. The platform’s NFT components will be immediately shown on other platforms or ecosystems through cross-chain, preserving all of the NFT’s data. More voteable sorts of tokens will be accepted in NFT constructions following cross-chain.

Rangers Protocol’s technological solution has been tweaked in a newly released white paper to:

● First, develop a distributed signatures-based cross-chain solution.

● After that, update Rangers Connector to a blockchain using Secure Multi-Party Computation Chain technology.

You may notice that the milestone section of the white paper Rangers Protocol, which was just issued, is different from previous versions.

Rangers Protocol first realized the process of Rangers Connector becoming a blockchain before upgrading the chain’s consensus.“In the third quarter of 2021, a cross-chain solution based on relay chain technology will be deployed, and a pluggable consensus mechanism will be implemented in the fourth quarter.”

Rangers Protocol has changed the sequence in which the technological solution will be implemented in the most recent plan. In the third quarter of 2021, Rangers Protocol will immediately deploy an asset cross-chain solution based on the distributed signature system.

In the fourth quarter, Rangers Connector will become a blockchain by implementing a Secure Multi-Party Computation Chain based on VRF+ TSS technology as the consensus mechanism.

Asset Cross-Chain with Distributed Signatures

A distributed signature system based on TSS technology is used to implement the Rangers Protocol’s asset cross-chain solution. This technological method is comparable to the VRF+BLS consensus technique used in the Rangers Protocol’s consensus section, which employs random group creation and signatures.

It will be greatly enhanced in terms of security, stability, and speed. The advantage of this approach is that it can be verified by the crossing target chain.

Rangers Protocol’s solution is presently the most sophisticated of all implemented cross-chain solutions on the market. Why not go straight to the BLS technical solution with a more complicated encryption technique, you might wonder? Indeed, when comparing TSS with BLS in terms of algorithm complexity, BLS has the upper hand.

Many chains, however, are unable to validate it because to the great complexity of its encryption method. As a result, Rangers Protocol uses TSS technology to implement a cross-chain solution.

Be aware that TSS (Threshold Signature Scheme) is a threshold signature scheme that uses multi-party computing. TSS enables several parties to create keys and signatures at the same time. Without the permission of the other party, no party has the entire key, and no party’s signature is regarded legitimate.

Multi-Party Computation Chain that is Secure

Rangers Connector will become a blockchain by adopting the Secure Multi-Party Computation Chain, which is based on the VRF+TSS consensus mechanism. The VRF algorithm can assure efficiency when transferring data and assets across the chain bridge, and the TSS algorithm can verify that messages are not tampered with.

Secure Multi-Party Computation is theoretically comparable to this method (SMPC). As a result, this technique is referred to as a Secure Multi-Party Computation Chain.

Note:

Multi-Party Computation is a cryptographic branch. In MPC, a set of parties that do not trust each other attempt to jointly calculate a function on their inputs while protecting their privacy.

Data accuracy and confidentiality are guaranteed by MPC. The term “correctness” refers to the accuracy of the algorithm’s output. The term “privacy” refers to the assurance that sensitive input data kept by one party will not be shared with others.

Even if the sequence in which the technical solutions are implemented has been changed, the actual operation will save roughly two-quarters of the time. Rangers Connector switched from a PoW to a PoS method, then to a VRF+BLS mechanism in earlier technological solutions.

The VRF+TSS mechanism is the first to be implemented in the most recent technological solution. The VRF+TSS tool is identical to the VRF+BLS method, except it can be verified by Ethereum.

Cryptographic algorithms will undoubtedly be upgraded in the future, according to the team’s study on blockchain technology and understanding of the industry.

At this point, the team’s market prognosis has been confirmed by the necessity for cryptographic algorithm improvements. New cryptographic methods will be introduced when the Ethereum 2.0 update is done, eventually becoming an industry consensus.

The Secure Multi-Party Computation Chain can then update the VRF+TSS consensus mechanism to the VRF+BLS consensus mechanism directly at that point.

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