Argennon is a next generation cloud based blockchain and smart contract platform. The Argennon blockchain uses a hybrid proof of stake (HPoS) consensus protocol, which is capable of combining the benefits of a centralized and a decentralized system. In Argennon, ledger storage and transaction processing are outsourced to the cloud and normal personal computers or smartphones, with limited hardware capabilities, are able to validate transactions and actively participate in the Argennon consensus protocol. This property makes Argennon a truly decentralized and democratic blockchain and one of the most secure existing platforms.
The Argennon cloud is trustless and publicly verifiable. Computational Integrity (CI) is achieved by using succinct argument of knowledge systems (STARK/SNARK) and data integrity is guaranteed by cryptographic accumulators.
The Argennon protocol strongly incentivizes the formation of a permission-less network of Publicly Verifiable Cloud (PVC) servers. A PVC server in Argennon, is a conventional data server which uses its computational and storage resources to help the Argennon network process transactions.