SHUTTLE VM Business Rhombus Tech Solving problems for a purpose. Powered By HyperSDK Presentation INTRODUCTION 01 Company History Rhombus Tech received a grant from the Avalanche Foundation to begin the development of a Layer 1 with a focus on using Trusted Execution Environment’s to achieve privacy and scalability. 3/4 Milestones Completed thus far. Rhombus Tech 02 03 04 05 06 07 08 09 10 Powered By HyperSDK WELCOME MEOW Oracle Hi, I’m Oracle, an Avalanche community cat focused on privacy and scalability using Trusted Execution Environment’s. ThaCat 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK Rhombus Tech VISION AND MISSION Vision “Web3 needs to reach a level of overperformance in cost and speed, where users no longer care about incremental performance improvements. Once web3 is fast and cheap enough, the basis of competition will shift to the areas where web3 wins.” Aaron Buchwald - Staff Software Engineer @ Ava Labs Mission Statement We aim to shatter the design and architectural paradigm others have about blockchain with improved ideas and better engineering. A Shuttle takes us the fastest route from Point A to Point B. 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK Rhombus Tech PROBLEM STATEMENT Non-Determinism Lack of Privacy All transaction states are public. Transaction details can easily be linked back to the originating actor. Low Transaction Processing Current Layer 1's are bottlenecked by an inability to process transactions in the same amount and speed as centralized alternatives. Expensive Computation 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK Rhombus Tech All computations are done on chain leading to expensive transactions and consensus delays. Transaction states have the possibility of being rolled back. This is a non-starter for many financial institutions to be able to deal with. SOLUTION High Transaction Processing Fast Finality Market-Competitive Fees Confidentiality 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK Rhombus Tech Once a transaction is processed its state is quickly finalized. The computations themselves are deterministic and cannot be rolled back. Scalability on a Layer 1 by improved engineering on the base layer and marking decentralization where it is appropriate. Identity is pseudonymous but the details of the transaction including the amounts are kept private. Fees in line with centralized counterparts. Transactions at a fraction of a cent. TECHNOLOGY INNOVATION Multi-TEE Architecture Layer 1 Blockchain Layer 1 Blockchain in the Avalanche Ecosystem High Throughput, Secure, Decentralised, Scalable 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK Rhombus Tech TEE Diversity Confidential Computing Capable THE ORACLE - BY ARI JUELS Vitalik Main Character Vitalik 1 “It’s a simple idea... suppose that a program is run on two machines. The identical, deterministic program with identical data on both machines. On one machine, though, the hardware has been hacked, and on the other it hasn’t. In that case, the two programs may perform the same computation but disagree on the resulting output.” 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK “Let me see. But two truth-telling programs can’t contradict each other. So if they do disagree, you know for certain that the hardware was hacked on one of them. You don’t know which of them was hacked, but you know one of them was... Good idea... although it doesn’t reinforce privacy directly.” Rhombus Tech Through significant reductions in transaction costs, expedited settlement times(confirmed at network speed 0.4 seconds), and worldwide accessibility, the decentralized approach makes financial services accessible to a wider range of individuals, including the underbanked and unbanked. DeFi payment solutions also bring novel features like programmable money, which enables conditional and automatic transfers by putting transaction conditions into smart contracts. MARKET OPPORTUNITY Market Analysis Decentralized Finance 01 02 03 04 05 06 07 08 09 10 Powered By HyperSDK Rhombus Tech TRUST ON TWO MACHINES Our market potential will be reached when people realize we are solving for the main criticisms of the underlying technology, bringing a long term vision to blockchain by tackling a key fundamental challenge limiting the scale of enclave adoption in a permissionless environment. The security of a multi-billion dollar network cannot be placed under the liability of a single manufacturer to depend on, exert control, or themselves introduce security flaws. Conclusion Powered By HyperSDK Rhombus Tech