Blockchain - peer-network/peer_backend GitHub Wiki

🔗 Blockchain Integration — Peer Network

This page outlines the current and planned blockchain integration for the Peer Network platform, focusing on token management and the transition from a Web2 to a Web3 architecture.

🧱 Current Architecture

  • Token Management: Currently, all token-related operations, including balance tracking, reward distribution, and referral earnings, are managed off-chain within the peer_backend service.
  • Technology Stack:
    • Backend: PHP 8.3 with a custom GraphQL resolver stack.
    • Database: PostgreSQL for storing user data and token balances.
    • Authentication: JWT-based token authentication.

🚀 Transition to Web3

We are in the process of transitioning to a Web3 architecture to enhance transparency, security, and decentralization. The key components of this transition include:

  • Blockchain Platform: Solana, chosen for its high throughput and low transaction costs.
  • Smart Contracts: Development of smart contracts to handle token minting, burning, and transfers.
  • On-Chain Token Tracking: Migrating token balances and transactions to the blockchain to ensure immutability and transparency.

🛠️ peer_rust_backend Repository

The peer_rust_backend repository is dedicated to developing the Rust-based backend components necessary for blockchain integration.

  • Purpose: To build a robust, high-performance backend that interacts seamlessly with the Solana blockchain.
  • Current Status: In active development, focusing on:
    • Establishing connections with Solana nodes.
    • Implementing token minting and burning functionalities.
    • Ensuring secure and efficient transaction processing.

🔄 Planned Token Flow

  1. User Actions: Users perform actions on the platform (e.g., posting content, engaging with others).
  2. Reward Calculation: The backend calculates rewards based on predefined criteria.
  3. Token Minting: The system mints the appropriate number of tokens on the Solana blockchain.
  4. Token Distribution: Minted tokens are transferred to the user's on-chain wallet.
  5. Token Burning: When users spend tokens, the corresponding amount is burned or transferred, as per the application's logic.

📌 Future Considerations

  • Wallet Integration: Developing or integrating user-friendly wallets to manage on-chain tokens.
  • Cross-Platform Compatibility: Ensuring seamless blockchain interactions across iOS, Android, and Web platforms.
  • Security Audits: Conducting thorough audits of smart contracts and blockchain interactions to ensure security and compliance.

📓 Related Pages