Planck's Constant Chain

The Planck Constant Chain serves as the bedrock of the Planck Network to democratise access to AI compute power. Built using the robust Substrate framework by Parity Tech, the EVM-compatible Planck's Constant Chain offers a secure, scalable, and future-proof foundation for the network's operations.

Web3 is a cornerstone for DePINs, enabling the creation of global, affordable networks of computing resources essential for AI and real-time rendering. Centralized networks, burdened by high costs, hinder efforts to bridge the AI wealth gap. In contrast, Web3 solutions, like smart contracts, blockchain, and cryptocurrency, streamline operations, optimize resource tracking, and facilitate secure value transfers. This fosters transparency, ensures fair compensation for resource providers, and democratizes access to powerful computing resources.

Build on a Proven Foundation: Substrate Framework

The Substrate framework, chosen for its flexibility and customization capabilities, empowers developers to create high-performance blockchains tailored to specific needs. This is evident in the adoption of Substrate by popular blockchains like Polkadot, Kusama, Chainlink, and Moonbeam. The Planck Constant Chain leverages the power of Substrate's core modules like balances, accounts, and governance, ensuring a solid foundation.

Planck leverages Web3 for Two Primary Purposes:

Rewards:

DePINs incentivize network growth by offering rewards for resource availability, quality, and usage. Web3 facilitates the efficient and cost-effective payment of these rewards using the native DePIN token. For example, Planck's $PLANCK token rewards providers for their contributions to the network.

• Proof of Capacity (PoC) - The PoC payout is crucial for network stability as it incentivizes early contributors and discourages them from withdrawing resources during periods of low demand.

• Proof of Delivery (PoD) - The Planck network disburses Proof-of-Delivery payments, employing a tiered structure to reward providers of high-quality resources.

• Service Fee - The Service Fee, determined by the network or resource owner, is paid by the resource user. To safeguard against supply disruptions and deter malicious behaviour, a slashing mechanism is in place. Resource owners must stake $PLANCK to participate in the network. Misconduct, such as withdrawing resources during a request, can result in a reduction of the staked amount.

Consumption tracking and real-time payments

The blockchain serves as an ideal settlement layer for monitoring and managing transactions, encompassing Planck's resources, orders, compute resource deliveries, fees, and incentives. By representing each Verifier node with an NFT, all associated operations can be tracked transparently. This empowers resource owners to provide a verifiable history of delivery and availability, enhancing trust with end-users.