Enjoy a Chart
I know our system isn't exactly a cake walk. But I think it's time for a light walk around some of the processes in the SPK Network.
SPK
Starting on the left we have SPK (liquid). SPK is earned from operating services in the ecosystem, validator and storage nodes.
SPK Power
SPK Power will give you a resource credit BROCA, enable you to vote on ecosystem parameters, and vote for validators.
Broca
The Broca here is earned at a steady rate, which is 20%(votable) of your max per day. It can be used to build file storage contracts, and extend them as well. If you put twice as much broca as a file needs, the remainder will be returned to you when the file is placed into the system, as it's only at this point the system knows how big the file is. You can think of this like prepaying for a upload limit, and then getting a refund of unused space. This will allow platforms like 3Speak to purchase video upload space for their clients in an easy way.
Proof of Access
This piece of the puzzle is validators each performing actions based on lotteries that are drawn every 3 seconds to check files are stored in the system. Say a contract cost 1000 Broca, since any contract is equally likely to be drawn, and the costs are fixed over the ecosystem, that 1000 is used as a decoupled input to the "Redeemable Broca"
This allows the system to make much fewer computations, will no ill effects. The Larynx Miner token here modulates the efficiency of this Broca passthrough. Larynx can also be delegated to accounts so all the cost isn't on the service provider after a small fee to register their accounts.
Since the storage providers will be earning SPK primarily this also let's them have a channel to provide their services: Delegate Larynx, Get Broca Rewards.
SIP
The Service Infrastructure Pool here is basically a multi-sig account that has a few functions.
- Receives Hive for newly minted LARYNX
- Automated Market Maker that fills orders on the DEX to self arbitrage the price of newly minted LARYNX with available liquidity
- Redeems Broca for SPK
- Redeems Broca for Hive over the SIPs collateral limits
DEX
The Decentralized Exchange is more or less the SIP... It shares collateral limits, and functions as a ecosystem-wide order book for all supported trading pairs. HIVE/LARYNX, HIVE/SPK... Hopefully others.
BROCA Markets
As discussed briefly above, the most interesting space here is all the possibilities for BROCA. Getting fast uploads, larger files uploads, redeeming the uploads for differing hive beneficiary amounts, subscriptions, etc etc... This is where I hope to see the most dApp specific uses being flushed out. Will 3speak simply have their users give them 10% beneficiary on a post? Will they have a subscription service? Only time will tell, and the limits simply don't exist.
Summary
I hope this helps to visualize a little better how the ecosystem is functioning.