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The Force Protocol

The Force Protocol

The Force Protocol, a decentralized finance service protocol built on blockchain systems, is comprised of a set of DeFi technical components and tokenized protocols.

Decentralized

Finance Service Protocol

The Force Protocol, a decentralized finance service protocol built on blockchain systems, is comprised of a set of DeFi technical components and tokenized protocols.

DeFi technical components

In response to the challenges in Ethereum DApp development like difficulty in contract upgrade, fixed data structure, slow on-chain interaction, poor user experience, lack of necessary infrastructure, and security issues, the Force Protocol proposes three DeFi technical components: fundamental components, extension components, and financial components, which collectively form “The Force”.

Fundamental components

APEC

As the core on-chain structure, APEC (Assets Protected Elastic Contracts) is based on Solidity smart contract and ensures decentralization and asset ownership while making adjustment and improvement in deficiencies of contract development. It has three characteristics: asset security,upgradable logic,scalable data.

Extension components

BEAMS

BEAMS (Blockchain Enquiring, Auditing & Messaging System) is an off-chain system that works closely with contracts. They constantly monitor the operation of the contract, audit the data and assets, and accelerate the response speed of a product, making the response speed more stable, and the inevitably asynchronous feedback smoother and more fluent.

Financial components

GEL&CALM&MAK

The financial component includes three parts: Global Emergency Lockdown(GEL), Cooperative Automatic Lockdown Mechanism(CALM), and Multisig Admin Keys(MAK).These three parts protect the platform from attack and invasion, protect the assets once the platform is invaded, and minimize the loss when the assets are no longer secure.

Tokenized protocols

On the basis of The Force DeFi technology components, the development community has developed bond financing protocol, tokens lending protocol, and decentralized stablecoin protocol based on The Force Protocol. Various ecological applications of The Force Protocol can provide individuals and enterprises with crypto assets investment, financing, and transaction services to meet the digital financial needs of different users.

Timeline

Patents

Further Resources

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References

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