Please describe your proposed solution
Iagon Network Explorer V1 is slated to become a decentralized network comprising nodes built on Substrate-parachain technology, facilitating communication with the Cardano partner chain. A Distributed Ledger Technology (DLT) node will be established, observable from various chains. Compute-intensive tasks will be allocated to diverse Substrate instances, and explorer nodes will replace databases.
The objective is to establish a Substrate-based network in this iteration, laying the groundwork for future interoperability and streamlining adoption processes.
By harnessing IOG’s partner chain framework, we aim to construct a network of decentralized nodes on Substrate-parachain infrastructure, capable of interfacing with Cardano and other chains and managing Iagon’s compute-intensive operations.
The substrate-based chain we propose represents a comprehensive decentralized enhancement to an existing storage solution. It aims to support decentralized file indexing and on-chain transaction monitoring in the long term. In our current development phase, we are focusing on building the Minimum Viable Product (MVP) of a substrate-parachain. This includes various types of nodes such as uploader/sharding nodes and storage nodes.
Each of these nodes will connect to a full substrate node, referred to as IAG DLT, responsible for maintaining the network state, block creation, and validation. Additionally, archive nodes will serve as indexer nodes within the network, tracking all transactions without any associated fees. These components collectively form a fully decentralized system with on-chain data indexing and automatic shard synchronization.
Furthermore, all network transactions will be accessible for monitoring through an explorer link connected to the archive node.
The proposal entails creating an MVP for a decentralized storage solution with on-chain transaction management, designed to seamlessly integrate with Cardano partner chains in the future. This MVP will feature minimal functionality, serving as a starting point for expanding into a fully operational Substrate network. To achieve this, we will leverage the Polkadot Substrate Software Development Kit (SDK).