Our vision

I came up with the idea of Liberdyne/Dynemix in 2018 after realizing that despite the rapid development of the industry and the emergence of dozens of new blockchains, there still wasn’t a single cryptocurrency on the market. First gen blockchains (Bitcoin and others) turned into value storage assets, whereas second gen blockchains (Ethereum and others) took the concept to a completely different direction of development.

Designing an actual cryptocurrency demanded solving two very difficult challenges:

- Creating a blockchain that can provide the same level of convenience for consumers as the conventional fiat financial infrastructure.

- Creating an economic model that performs in a similar manner as central banks targeting desired inflation to facilitate economic growth.

None of the existing blockchains managed to come close to a proper solution of either of the stated issues, not to mention both combined.

In order to embody my vision, I had to design a blockchain protocol completely from scratch incorporating a number a novel approaches and solutions, which will help Dynemix to become the money of the future.

	Dmitriy Petryakov Founder of Liberdyne/Dynemix

After the successful launch of Ethereum, most developers concentrated on developing analogous decentralized virtual machine platforms. This led to a slowdown in the development of the “electronic cash system” concept and stagnation in the cryptocurrency market.

Dynemix, on the other hand, is purely a payment system, designed to perform this function perfectly. Unlike other platforms, which endeavor to be an “all-in-one” solution, Dynemix concentrates on one feature, thereby delivering a user experience that surpasses that of even common centralized payment systems, not to mention that of other decentralized platforms.

At the time of a sharp rise in the popularity of cryptocurrency, a significant drawback was revealed – the lack of scalability. The easiest solution to this issue was creating more centralized platforms, and this was the path that a lot of developers took.

Dynemix, on the other hand, is designed specifically to provide the highest level of decentralization and assure that no coordinated group of major actors will be able to control the system.

Volatility is one of the main obstacles for cryptocurrencies on the way to substituting conventional means of payment. A volatile asset can properly perform none of the main functions of money.

To become a fully-fledged money, Dynemix features a novel algorithmic economic model, which allows to target any desired inflation rate via r* and maintain it intrinsically without the need of being manually governed or pegged to a stable exogenous asset, thus introducing the first fully decentralized and independent stable crypto economy.

Despite the need for certain trade-offs to assure the targeted speed and scalability, we have made every effort not to sacrifice security and keep the system resistant to all types of attacks.

With the help of double-layer data validation, Dynemix manages to circumvent a decrease in safety caused by sharding. The system also features an anonymous tunneling protocol that allows users to conceal their IP addresses when using the system.

Transaction data encryption solutions used in currently available cryptocurrencies put a high load on hardware and are moslty applicable to UTXO model based systems.

Dynemix is designed to utilize a new privacy solution using an additive homomorphic cryptosystem with zero-knowledge equality and range proofs. Although the system will be launched without encryption, its design allows for a quick and painless transition to homomorphic encryption, as the architecture is initially optimized for operation with encrypted balances.

Unlike other blockchain developers, who create only mere platforms, we integrated Dynemix into the Liberdyne messenger to provide users with a more familiar experience. Newcomers don’t have to study the peculiarities of cryptocurrency technology to start using Dynemix.

Instead, the user only needs to install Liberdyne and start using a familiar type of app with additional functions, which are available through a simple and intuitive interface. Minting functions are set up automatically, so the user doesn’t need to do anything at all.

Unlike popular centralized messengers, which store user data on their servers, Liberdyne is fully P2P and encrypted by default, so the developers have no technical access to the private data of Liberdyne users.

Liberdyne architecture is specifically designed in a way that prevents any access to private data by any party, except the owner. Any user may stay fully anonymous in the system, if he so wishes. Liberdyne is resistant to meta-data collection attempts.