Fetch is a decentralised digital representation of the world in which autonomous software agents perform useful economic work. This means that they can perform tasks, such as delivering data or providing services, and are rewarded with a digital currency for their efforts — the Fetch Token.
Focused on understanding the evolution and requirements of marketplaces that are emerging in digital economies. We’re pleased to share this substantial work with the community for thoughts, comments and feedback.
The scaling of distributed ledger technologies (DLTs) has been the subject of intense inno- vation ever since blockchains became established as secure, reliable mediums for economic exchange. It is clear that for any ledger to be adopted as a future standard, it must be capable of scaling to accommodate the millions of transactions that arise from widespread deployment of IoT-enabled devices. In this white paper we describe the design of a scalable distributed ledger.
The Fetch ledger is a new addition to a growing number of distributed ledger designs. The previous white paper Design of a Scalable Distributed Ledger has presented the scalability features of its novel architecture. We place the innovations presented in the previous paper in the context of prior work, and of Fetch’s broader vision. This vision encompasses various new applications of distributed ledger technology that impose exacting demands on transaction throughput, which can only be met by devising an effective way of parallelising transaction processing. We consider a number of other recent distributed ledger proposals, and explain why they are not suited for the specific requirements of Fetch.