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ChronoLogic Claiming Mechanism 5/15/18

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ChronoLogic
ChronoLogic

On May 15th, 2018, Logan and Philippe hosted a webinar about the latest concept of the claiming mechanism for the Chronos protocol. You can view it at https://youtu.be/GL7jG-eBxnY They walked through the prior claiming mechanism in the Ethereum Alarm Clock and talked about why ChronoLogic decided to do something different in Chronos. The hosts showed from a high level perspective, the current design of the mechanism and talked about steps for implementation. In Chronos, ChronoLogic uses the DAY Token as a staking token for the TimeNodes to prioritize certain executions based on the amount of DAY held.

Technology
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Chronos Claim Mechanism
TimeNode X Bal: 50 DAY TimeNode Y Bal: 175 DAY TimeNode Z Bal: 300 DAY Priority Queue
TimeNode X Bal: 0 DAY TimeNode Y Bal: 175 DAY TimeNode Z Bal: 300 DAY Priority Queue X 50 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 300 DAY Priority Queue X 50 DAY Y 175 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 300 DAY Priority Queue X 50 DAY Y 175 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 300 DAY Priority Queue X 50 DAY Y 175 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 100 DAY Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 100 DAY Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 100 DAY Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 0 DAY Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 0 DAY Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 0 DAY Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY
Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY SCHEDULER
Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY SCHEDULER ScheduledTransaction
Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY SCHEDULER ScheduledTransaction
Priority Queue X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY SCHEDULER ScheduledTransaction ScheduledTransaction
X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY SCHEDULER ScheduledTransaction ScheduledTransaction ScheduledTransaction ScheduledTransaction
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 0 DAY X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction ScheduledTransaction ScheduledTransaction
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 0 DAY X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction ScheduledTransaction ScheduledTransaction Window Start: 4500 Window Start: 7000 Window Start: 6000 Window Start: 5500
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 0 DAY X 50 DAY Y 175 DAY Z1 200 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction ScheduledTransaction ScheduledTransaction Window Start: 4500 Window Start: 7000 Window Start: 6000 Window Start: 5500
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY X 50 DAY Y 175 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction ScheduledTransaction Window Start: 7000 Window Start: 6000 Window Start: 5500
TimeNode X Bal: 0 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY X 50 DAY Y 175 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction ScheduledTransaction Window Start: 7000 Window Start: 6000 Window Start: 5500
TimeNode X Bal: 50 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY Y 175 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction Window Start: 7000 Window Start: 6000
TimeNode X Bal: 50 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY Y 175 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction Window Start: 7000 Window Start: 6000
TimeNode X Bal: 50 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY Y 175 DAY Z2 100 DAY ScheduledTransaction ScheduledTransaction Window Start: 7000 Window Start: 6000 At block 6025
TimeNode X Bal: 137.5 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY Y 87.5 DAY Z2 100 DAY ScheduledTransaction Window Start: 7000
TimeNode X Bal: 137.5 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 200 DAY Y 87.5 DAY Z2 100 DAY ScheduledTransaction Window Start: 7000
TimeNode X Bal: 137.5 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 300 DAY Y 87.5 DAY
TimeNode X Bal: 137.5 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 300 DAY Y 87.5 DAY
TimeNode X Bal: 137.5 DAY TimeNode Y Bal: 0 DAY TimeNode Z Bal: 300 DAY Y 87.5 DAY
TimeNode X Bal: 137.5 DAY TimeNode Y Bal: 87.5 DAY TimeNode Z Bal: 300 DAY
Problems - Miner front running. The miner can see when a new ScheduledTransaction comes in with a very high bounty and can order the transactions in the block so that any TimeNodes joining in the same block could be at a disadvantage. - If n of ScheduledTransactions > the number of claims in Queue, not all of those transactions will be claimed. This may not actually be a problem, since a schelling point could be reached between TimeNodes.

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