- Atlas City Global (atlascity.io) is building the Catalyst Network 
(catalystnet.org) — a full stack of decentralised technologies for the next 
generation of web apps 

Atlas City Global is today introducing research (see below) describing a 
consensus mechanism that breaks new ground in achieving efficient and secure 
consensus in a public distributed ledger at scale, while achieving fair 
distribution of work and reward amongst participants.

Coded from scratch to resolve the challenges of providing fast and inexpensive 
services while enabling users to take control of their identity, Catalyst:

- Supports confidential and non-confidential transactions in the same network 

- Ensures security by the random selection of nodes issuing and verifying 
ledger updates from a large number of participants 

- Requires verifiers perform only work that is of value to the network ensuring 
a sustainable, environmentally friendly protocol and universal access by all 
types of devices, including IoT.

Other core features of Catalyst that provide enhanced / new levels of 
flexibility for enterprise use include:

- Containerised smart contracts allowing for the easy migration of existing 
applications and development of new applications 

- Integrated file storage to achieve fast and scalable consensus and store data 
in a more secure distributed framework.

Written in C#, Catalyst provides .Net Core cross-platform compatibility and 
multi-language smart contracts. It is open and accessible to all .NET 
developers without investing time and money learning new languages. By joining 
the Catalyst community, developers have the opportunity to be a part of the 
decentralised computing revolution bringing DLT to the enterprise market and 
serving as the backbone of Web 3.0. The Catalyst Early Access Program will 
provide access to the Catalyst Network Github and include weekly stand-ups with 
the Catalyst core team. 

At the heart of Catalyst is a genuinely innovative consensus protocol — neither 
proof-of-work, nor proof-of-stake — whereby nodes collectively update the 
ledger state by following a phased decentralised voting approach that achieves 
very strong security with no risk of centralising the decision-making process. 
Application developers can learn more about the relevant technical 
characteristics of the network by reading the Introduction to the Catalyst 
Network [https://catalystnet.org/Introduction to Catalyst Network.pdf].

Today we are releasing the consensus protocol paper 
[https://catalystnet.org/consensus-paper.pdf] from the research team at Atlas 
City Global, which is one of the research papers feeding into the Catalyst Core 
Protocol engineering team. The engineering team will publish the technical 
blueprint for the implemented consensus protocol for the Catalyst Network in 
due course.

Additional information / Notes to editors

About Atlas City (http://atlascity.io/)

Atlas City's mission is to enable a decentralised web owned and run by the 
community to enable the next wave of business models. To that end, they are 
building a full stack decentralised, distributed system that is fast, supports 
multiple coding languages, has integrated distributed file storage, works with 
IoT devices in industry and meets throughput requirements for financial 
services. The Catalyst Network is a new distributed ledger protocol, a full 
suite of integrated technologies, not forked, but written from scratch based on 
the lessons learned from previous generations of blockchains. In addition to 
being light-weight and eco-friendly, it has an innovative, efficient consensus 
mechanism, which allows for fair compensation for participation and a file 
storage system allowing the network and consensus to integrate and work with 
all types of files. Atlas City will be launching the Catalyst Network as an 
open source project later in 2019 and will support the growth of the ecosystem 
by providing software development tools, distributed application development 
and private instances for industry-specific applications to enterprises. Atlas 
City is currently running a number of proof-of-concepts and pilot projects on 
the Catalyst Network in the fields of supply chain, utilities, food provenance, 
plastics recycling, and the energy sector.

Logo - https://mma.prnewswire.com/media/970767/Atlas_City_Global_Logo.jpg 

For all media enquiries / interview requests please contact Ian Welle-Skitt: 
ian@therelevancehouse.com, +41-79-365-2945

Source: Atlas City Global