Subspace Network Demo video is out! Learn more about the idea, research, and creation of the project

A free and fair blockchain for all

Subspace is a next-generation blockchain that allows anyone to participate in consensus without having to buy special hardware, burn electricity, or purchase a  coin.

Our mission is
to re-decentralize crypto

Cryptocurrency has become increasingly centralized. Mining farms, staking pools, and trusted exchanges dominate the industry. Our goal is to build the most decentralized blockchain on the planet and make crypto exciting again.

In the beginning,
anyone could mine Bitcoin

Satoshi Nakamoto famously introduced consensus based on Proofs-of-Work under the mantra “one-CPU-one-vote”, allowing anyone to mine using their home computer. Unfortunately, this quickly gave way to “one-ASIC-one-vote”. Today, a handful of ASIC farms rule the network while burning massive amounts of electricity every day. This is not decentralized or environmentally sustainable.

Proof-of-Stake just
helps the rich get richer

In an effort to provide a sustainable alternative, proof-of-stake blockchains employ a system of virtual mining based on one’s wealth, under the adage “one-coin-one-vote”. Unfortunately, this does not hold true to Nakamoto’s original vision for blockchain, and instead reflects a permissioned and plutocratic alternative. In practice, staking is highly centralized and only serves to make the rich even richer.

Proof-of-Capacity
is our last best hope

What is instead needed is a system based on an underlying resource that is already widely distributed. Blockchains based on proof-of-capacity achieve this, by replacing compute-intensive mining with storage-intensive farming, under the maxim “one-disk-one-vote”. Unfortunately, all existing designs lack incentive-compatibility, due to a mechanism design challenge known as the farmer’s dilemma.

Subspace is the first PoC blockchain
that resolves the farmer's dilemma

In a Proof-of-Capacity blockchain, farmers must decide whether to allocate scarce storage resources towards either maintaining the chain state and history or maximizing the amount of space they pledge towards consensus. Rational farmers will always choose the latter, at best becoming light-clients, while at worst encouraging pooled farming under a few trusted operators.

Proofs-of-History

Subspace farmers store provably unique replicas of the blockchain itself, ensuring the history is always available.

Decoupled Execution

To prevent farmers from having to perform redundant computation, a separate class of executor nodes compute state transitions.

Stateless Farming

Since executors maintain the state, farmers no longer need to, and may now pledge all of their available space to consensus.

Subspace is also the first network that
fully resolves the blockchain trilemma

It has been suggested that blockchains cannot scale without sacrificing either security or decentralization. While recent research has shown that security can be maintained, the burden of syncing and maintaining the state and history remains. Since Subspace already resolves these issues, in order to circumvent the farmer’s dilemma, it is indeed able to scale without making compromises.

Vertical Scaling

Subspace implements the Prism scalability proposal to achieve high-throughput transaction processing.

Horizontal Scaling

Subspace implements the Free2Shard sharding proposal to achieve arbitrary and composable scale-out.

Fast Finality

Subspace implements the TaiJi finality gadget, achieving permission-less finality within three rounds.

Built with the best technology

Pure Rust
Parity Substrate
EVM Compatible
Lib Peer-to-Peer

A scalable platform for
decentralized applications

Cross-chain Exchange

The future is multi-chain and it's clear that users prefer AMMs over centralized exchanges. Subspace provides the layer one scalability needed to bridge numerous chains while allowing for trustless, low-latency, and high-throughput asset exchange.

Distributed Storage

Since the history may grow far beyond the storage capacity of any single farmer, yet is still priced efficiently, Subspace is uniquely able to provide cheap, permanent dApp storage, while still making the data available to a global execution layer.

Composable Sidechains

By decoupling execution and storage, then scaling each individually, Subspace allows for a much wider array of layer two constructions, limited only by the protocol designers imagination.

Subspace began several years ago as an idea for a layer two network suitable for building decentralized applications at scale. Along the way we learned the fundamental problem in the crypto space lies in designing a fair and sustainable layer one that remains secure and decentralized. While inspired by many other projects, we ultimately felt that all existing and proposed solutions were inadequate. We've spent the last few years doing the hard work of researching and designing a novel protocol from scratch that lives up to these ideals.

The Subspace Network is being built by

With support from

The US National Science Foundation

Consensys

Social Finance

Oneboat Capital

Project Updates

We'll update you on our project and let you know when we launch