NOVAM FAQs - Last Update 10/10/2018
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

View only
 
 
ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
Welcome to the NOVAM FAQ. Feel free to come back regularly as we are constantly updating this document.
2
Not able to find the answer to your question? Submit a ticket with your question at https://novam.ai/ticket/
3
4
5
Distributed Ledger Technology
6
QuestionAnswer
7
Are you using Blockchain?We are not using a traditional blockchain architecture like Bitcoin or Ethereum. We are using a Directed Acyclic Graph architecture for security, scalability and interoperability with enterprise systems.
8
What type of distributed ledger technology (DLT) are you using?
We are using a Directed Acyclic Graph (DAG) architecture.
9
What's a DAG?A DAG is a Directed Acyclic Graph. A new type of system architecture that is faster, more efficient, and secure.
10
What's the difference between a Blockchain and a DAG?While a Blockchain and a DAG both used variations of DLT, they are implimented in different ways. The main differences are that in a Blockchain transactions are approved in blocks where each block points to the block that occured directly before it, but in a DAG each transaction is processed independently and they just have to point to previous transctions (2 in NOVAM's case) which creates more of a web structure. The DAG implementaiton allows for transacitons to be approved faster, as there is no need to wait for the next block, easier to scale, and cost less work per transaction.
11
What is the difference between a Light Node and Full Node?
A Light Node is designed to be as minimalistic and light weight as possible so that the tolll on light weight IoT devices is minimized. To do this a Light Node will prune any transaction it no longer needs or doesn't apply to it. A Full Node on the other hand is meant to be run on a more powerful computer or server. It saves all the transactions on the NOVAM Network and can see more of what is going on throughout.
12
What is needed to issue a transaction?To issue a transaction the inputs and message need to be signed. Unlike many other DLT solutions, NOVAM has many different types of message that are not value transfers, but are still important to verify what node actually sent them. Then the node must choose two unapproved tips to validate, caluculate a simple, spam preventing proof of work, then the transaction can be submitted.
13
14
15
Machine Learning & Artificial Intelligence
16
What is probabilistic mathematics?
Simply, probabilistic mathematics is the measure of the likelihood that an event will occur. Read more about probabilitic mathemathics and theory here: https://en.wikipedia.org/wiki/Probability
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Loading...
Main menu