Trinity is a universal off-chain scaling solution that leverages asset attestations for on-chain credit endorsement and state channels for off-chain transactions, thereby achieving instant asset payments, low-cost transactions, excellent scalability, and transaction privacy protection.
Trinity is dedicated to facilitating the convenient, swift, and secure use of blockchain services by providing rapid and secure off-chain payment channels for users.
1. Asset Attestation
In off-chain expansion schemes, asset attestation is a critical component akin to settlement reserves. It is realized through digital signatures and hash locks, effectively staking mainnet digital assets before conducting transactions.
In the above diagram, assuming two transacting parties, Alice and Merchant. Asset attestation refers to the requirement for both Alice and Merchant to lock their mainnet token assets, ultimately generating an asset attestation. For instance, if Alice owns 1000 units of a certain NEO NEP-5 asset and the Merchant owns 1000 units of NEO NEP-5 assets, these tokens can be staked and frozen in the required quantities as asset attestations before off-chain transfers. Without an asset attestation, token transfers cannot occur. The asset attestation is a binding protocol executed on the NEO blockchain. Through digital signatures, it ensures neither party can arbitrarily exit the value transfer. Additionally, since only the transacting parties can access the tokens within the payment channels smart contract during off-chain transactions, this means that Trinitys asset attestations are as binding as mainnet transactions.
Once the mainnet token assets are frozen and the asset attestations are generated, both parties can immediately conduct off-chain transactions via the payment channel without any frequency limits. Upon completion of transactions, assets can be transferred back to the mainnet, with changes in asset balances registered on the mainnet. Off-chain transactions leave no record, meaning the number of times transactions occurred and the volume of transactions are not broadcasted to the entire network, thus protecting user privacy.
2. Smart Contracts
The smart contracts deployed on the chain primarily provide the following functions:
1) A shared, mutually agreed-upon set of rules for both transacting parties
2) Issuance of certified transaction tokens to ensure off-chain payment security
3) Intelligent arbitration; in case one party breaches the agreement, the smart contract can fairly adjudicate and penalize the defaulting party
4) Channel management, closing channels, settling off-chain transactions, and publishing them on-chain
3. State Channels
Trinity manages state channels through on-chain smart contracts for authentication of participants, locking/unlocking collateral, and dispute resolution, while implementing off-chain transactions through the Trinity off-chain protocol.
Off-chain Transactions
All off-chain transactions must be encoded in the format of asset attestations to ensure consistent and secure communication across the channel. This information includes:
1) Transaction sequence
2) Amount transferred
3) Pending status
4) Root node of the transaction Merkle tree
5) Signature including all the above details
The core of Trinity is state channels. To encourage more users to utilize state channels and build a micro-payment ecosystem, using state channels is free. That is, even without holding any TNC, one can still access Trinitys basic state channel services.
To ensure the availability of state channels, many participants need to collaborate, and TNC plays a crucial role in incentivization and balance.
Scenarios for TNC Usage:
1) Unified Network Settlement Asset
During channel establishment, TNC is used as collateral, which not only provides a convenient unified settlement method but also offers a direct and easy way for small and medium-sized nodes or users who do not wish to or are unable to synchronize the entire chain resources. The unified settlement mechanism alleviates unnecessary exchange expenses for off-chain and on-chain transactions.
2) Reward for Building the Trinity Network
Trinity provides state channel routing to enhance the convenience of transactions across the entire network. Due to the existence of channel routes, effective state interactions and value transfers can occur among multiple users or nodes, providing higher flexibility and convenience to the Trinity network. As a network point, TNC can effectively reward intermediate state channels traversed by channel routes, encouraging more nodes or users to participate in the networks channels, ensuring efficient asset circulation.
3) Value-added Services for the Trinity Network
Trinity is a network that prioritizes privacy protection. In Trinity, various technologies such as zero-knowledge proofs and coin mixing transactions are employed to safeguard data security and enhance user privacy protection. Within the Trinity network, TNC can be used to pay for enhanced privacy protection services.
Trinity network nodes also offer value-added services such as QoS for state channels, connection-oriented channel routing, gateway services for light clients, and channel state monitoring proxy services. These nodes can earn rewards by collecting TNC for providing value-added services.
DAPP developers can also customize value-added services based on Trinitys channel service layer, directly offering these services to Trinity network users. DAPP developers can earn rewards by collecting TNC.
4) Network Service Fees
Trinity Network is committed to providing digital asset services to small and medium-sized enterprises. For SMEs using the Trinity Network to issue or manage digital assets, TNC can be used to pay for required service fees.
5) Customized Service Fees for Enterprises
For enterprises requiring customized services, such as independent state channel nodes or highly customized wallets, these custom fees must be provided in the form of TNC.
6) Incentives for TNC Holders and Community Developers
For developers continuously supporting the Trinity community, Trinity will reward them with TNC tokens to attract more outstanding developers to join Trinitys community development efforts, continuously improving and optimizing the Trinity protocol.
For TNC holders, Trinity will periodically distribute TNC as rewards to incentivize more individuals to participate in building the Trinity network.
As the Trinity network continues to develop and more collaborators join, the use cases and value of TNC will steadily increase.
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