About PEM
Optimizing Blockchain Projects with Hybrid Solutions
Traditional blockchain systems have several limitations impacting projects. Private blockchains suffer from reduced transparency and trust due to centralized management, and they are vulnerable to security threats from single points of failure. They also have low decentralization due to limited node participation. Public blockchains face challenges with slow transaction processing speeds and low scalability, making practical applications difficult. As the network grows, resource consumption for consensus increases, reducing energy efficiency, and complete decentralization can lead to governance inefficiencies.
Hybrid blockchain is emerging as a solution to these issues. It combines the efficiency of private blockchains with the security of public blockchains, enhancing practicality for projects. By expanding node participation and implementing flexible governance models, hybrid blockchains can ensure decentralization and sustainability.
Vision
The vision of the PEM Project is centered around the concept of "hybrid." PEM aims to create an ideal hybrid model that combines the efficiency of private blockchains with the security of public blockchains. The project aspires to overcome the limitations of existing blockchain systems.
Core Values
Practical : Aims to be a practical solution within the hybrid blockchain model.
Eco-friendly : Focuses on environmentally friendly mining practices.
Mining coin : Designed to be an ideal mining coin.
Practical
Eco-Friendly
Mining
POW+S
PEM Project aims to overcome the limitations of existing blockchain systems by leveraging the advantages of hybrid blockchain technology. By utilizing the POW+S consensus algorithm and efficient node management, it ensures high security and scalability, providing a blockchain solution applicable to various industries. This will accelerate the popularization and practical application of blockchain technology in real life.
Introduction to the POW+S Consensus Algorithm
The PEM Foundation has introduced the POW+S (Proof of Work + Super Node) consensus algorithm to overcome the limitations of existing blockchains. This next-generation blockchain solution combines security and efficiency.
[POW+S system]
Proof of Work (POW) is used for block creation. Miners solve cryptographic puzzles to create new blocks, ensuring the security and integrity of the blockchain.
Selected Super Nodes participate in block verification and network maintenance. These high-performance, stable nodes enhance the efficiency and scalability of the blockchain.
By limiting the nodes that can participate in mining, the PEM Foundation ensures stable initial node operations and offers definite rewards to miners and Super Nodes.
POW+S combines the strengths of Proof of Work (security) and Super Nodes (efficiency) to provide a robust and scalable blockchain solution.
[Diagram: How the POW+S Consensus Algorithm Works]
Advantages and Features of POW+S
The POW+S algorithm offers the following advantages:
Enhanced Security: By combining Proof of Work and Super Nodes, the resistance to security threats such as 51% attacks is significantly increased.
High Efficiency: Super Nodes optimize block verification and network management tasks, improving transaction processing speed and scalability.
Energy Efficiency: The difficulty of Proof of Work is dynamically adjusted, and the efficient operation of Super Nodes minimizes energy consumption.
Fair Reward System: Rewards are fairly distributed based on the level of contributions of both Proof of Work participants and Super Nodes, providing appropriate incentives for the participants.
PEM Token
Mining and Token Issuance on PEM
POW+S aims to provide sufficient rewards for initial node operation to establish a stable node infrastructure. Before the halving, a fixed amount of coins is mined through the Set-Mining method, ensuring that node operators hold the majority of the coins to prevent price decline. After the halving, a reward weighting based on the amount staked is applied to encourage node operators to hold their coins.
[PEM Coin Mining Rewards and Halving Schedule]
The Role and Incentives of PEM Coins in the POW+S Ecosystem
PEM coins play a crucial role within the POW+S blockchain ecosystem. They serve as transaction fees to maintain the network and grant holders the right to participate in governance and decision-making processes.
Super Node Rewards: Super Node operators are rewarded with PEM coins based on their performance, availability, and contributions in block validation and network management.
Staking Rewards: PEM coin holders can stake their coins to contribute to network security and receive rewards, with rates varying based on the staking period and amount.
Governance Participation Rewards: PEM coin holders who actively participate in blockchain governance through proposals and voting can earn additional rewards.
[Diagram: Incentive Structure of PEM Coin]
Roadmap
2023 Q2 ~ 2024 Q2
Hire and set up research staff to develop innovative algorithms
Collected testnet feedback and started mainnet development
Organized POW+S and published whitepaper v1.0
Launch PEM website and community channel
Issue PEM token (1:1 swap with PEM coin to be mined later)
2024 Q3 ~ 2024 Q4
PEM Testnet Deployment
Launch of POW +S Mainnet
Mining algorithm beta goes live
2025 Q1 ~ 2025 Q4
POW+S Supernode Guidelines Established
POW+S Mainnet Supernode and mining algorithm officially launched
Strengthen strategic partnerships to revitalize the PEM coin economic model
2026 Q1 ~ 2026 Q4
Adapting Alt-DA Solutions with PEM Layers2,3
Onboarded PEM partner Dapps
Launching a global campaign for PEM green mining
Raised brand awareness by hosting and sponsoring PEM conferences
Team Information
CEO
Aiden Shin
Senior Developer
Alex Wang
Senior Developer
Eric Ding
Advanced Developer
Cailipi
Advanced Developer
Keen Yu
Advanced Developer
Eric Zang
