Details

Last Funding Type

Seed

Industries

Blockchain,Cryptocurrency

Founded date

Jan 1, 2021

Number Of Employee

11 - 50

Operating Status

Active

Analog is the world’s first layer-0, Omni-chain platform that leverages proof-of-time (PoT) to validate event data. With PoT, all nodes have a fair chance of being selected to validate event data and participate in the consensus process on the Timechain (an ordered sequence of immutable verified event data). This contrasts with proof-of-work (PoW)-powered networks that require computationally-intensive resources to mine blocks or proof-of-stake (PoS)-enabled networks where nodes must stake enough coins.

The Analog network is the first real attempt in helping the world to move from a “timeless mess” to a “time-driven” environment via PoT consensus. Besides solving the problem of verifiability of event data, the Analog network also prioritizes interoperability. It establishes a radically decentralized, secure, and trustless layer-0 where multiple networks like Avalanche and Ethereum can anchor their transactions. Most importantly, the Analog Timegraph leverages zero-knowledge proofs (ZKPs) to create a validated pipeline of event data that web3 developers can privately leverage to power the next generation of decentralized applications.

Unlike other Blockchain application programming interface (API) models that involve the use of third-party oracles, Analog’s Timegraph API allows data providers to become their own oracles on the Timechain. This creates an entirely new marketplace of event data that is set to power the next generation of decentralized applications (DApps).