What Is Kwil?
Kwil is the first permissionless SQL database for the decentralized internet.
Kwil Unique Features
Permissionless
Once Kwil parameters are defined and deployed, users can permissionless-ly write and read from the database.
Scalable
Kwil utilizes enterprise-grade architecture to ensure that your database scales with your application.
Community Owned
Developers can choose who pays data storage costs. Organizations can front all related costs or pass them on to their community in the form of gas.
Kwil Data Definition Language
Kwil’s DDL enables highly customizable data schemas, easy to use dev and staging environments, and a high level of flexibility for your database.
Roadmap
TBA
Kwil Token Economy
The native token for KwilDB is the $KWIL token. This token exists in the same smart contract as the registry. The token serves 2 purposes, with a third currently in development.
The main purpose of the token is for interested parties to validate incoming blocks for a database. This can occur either in the form of a stakeholder running a peer validator, or by a stakeholder delegating their stake to a validator. When data is mined to the network, the miner must submit the block header to the Smartweave registry. The block header contains a merkle root of all incoming SQL statements, which can be easily checked by any peer validator. In the case of two or more validators having different merkle roots, validators are able to vote with their stake for which merkle root they deem to be correct. If any merkle root other than the lead validator’s merkle root wins the voting process, the lead validator’s stake is slashed and the block is re-mined.
The second purpose of the $KWIL token is toprevent network spam. Since Data Set names are Unique , a small amount of tokens are burned when registering a Data Set6. This is not meant to be a driver of revenue for the protocol, but instead is simply used to create a small barrier to entry that should be negligible for well-intentioned users.
Detailed Token Metrics
TBA
Token Distribution
TBA
Token Release Schedule
TBA
Partners & Advisors
TBA
Team
TBA
Investors
FTX Ventures, Diital Currency Group, Blockchange, Alley Group
