Developer's
First Blockchain

Papyrus is an open source public blockchain network compatible with Ethereum ecosystem, which eliminates key issues of Ethereum, providing highly scalable, reliable and cost-efficient decentralized platform for application developers.

Papyrus Network utilizes Proof-of-Authority (PoA) consensus mechanism coupled with 'separation of powers' governance approach to improve network performance and reliability.

Papyrus also implements token stake-based resource management, which greatly improves user friendliness and potential for mass adoption. We provide developers with the flexibility to migrate their applications from public Ethereum network or create them from scratch while keeping connectivity with Ethereum via token gate.

Safer, Faster, Stronger

Designed for application developers, mass-adoption and enterprise usage

100x Faster

Papyrus Network supports high transaction throughput with fast transaction finality. Papyrus Network process more than 1000 transactions per second. 100x more transactions per second than in current Ethereum network. Layer 2 solutions based on Plasma extend scalability orders of magnitude beyond that

Low fees

Thanks to its Proof-of-Authority consensus and absence of resrouce waste, Papyrus Network has very low transaction fees. Token stake-based resource management allow developers to plan their resource consumption in advance, allocate necessary token stake and work without further fees.

Enterprise-grade reliability

Papyrus Network is comprised of authority nodes operated by verified organizations, eligible for that according to network Constitution. Separation of power between network consumers and authority nodes ensures that nodes provide high quality service and reliability.

Papyrus Network TestNet is now live and ready to use

Deploy your application today to get unprecedented reliability and 100x the performance of Ethereum
speed
reliability
user friendliness
low cost
compliance
security

Why Papyrus is different

Papyrus Network is fully compatible with existing Ethereum ecosystem, including Solidity, Ethereum Virtual Machine, wallets and other tools. Yet it has something different inside that we are proud of.

Proof-of-Authority and Separation of Powers

Instead of energy intensive Proof-of-Work we use fast and efficient Proof-of-Authority consensus, where fixed amount of network Authority Nodes are operated by eligible organisations. Sustainable network governance in the best interests of its consumers is ensured by adapting Constitution and separation of powers - Token Stakeholders and Authority Nodes both have certain influence on making decisions. As a result we eliminate resource waste inherent to Proof-of-Work and ensure reasonable transaction costs.

Staking for Resource Management

Instead of gas transaction fee model we implement token staking model to allocate network processing power and storage facilities. This model enable creation of great user friedly applications, where users should not care about trasnaction fees, and increase their potential for mass adoption. It also allow application developers to protect their business models against volatility of token price.

Papyrus Network

Comparison Matrix

Papyrus Network

Negligible
1500
3s
Proof-of-Authority
Token staking
< 0.001 USD
EVM/Solidity
Token staking significantly improves app developers and user experience
Equal to Ethereum community, as network is fully compatible with Ethereum applications
Ensured by having Authority Node eligibility criteria, staking-based resource allocation, separation of powers to token stakeholders and Authority Nodes
No individual or group gains too much control, governance have established Constitution and two independent branches - Token Stakeholders and Authority Nodes; Separation of powers and system of checks and balances ensures governance in the best interests of network consumers; Constitution is designed to avoid plutocracy and forbids paying for votes; Due to transparency and separation of powers it is very hard to obtain significant power by buying votes
Up to 47 Authority Nodes are all identified eligible organizations, which are elected by other existing Authority Nodes and may be vetoed by Token Stakeholders; Authority Nodes put their reputation and business at risk; At least half of Authority Nodes should be compromised to perform successful attack

TRON 

Negligible
750
3s
Delegated Proof-of-Stake
Gas and Token Staking
~ $0.7 USD to reserve bandwidth for average transaction; ~ $0.14 USD/ms/Day - Cost to reserve 1 ms/Day CPU Bandwidth; ~ $3.5 USD/Kb/Day - Cost to reserve 1 Kb/Day Network Bandwidth
TVM/Solidity
Token staking significantly improves app developers and user experience
Potentially equal to Ethereum community, but TRON have many differences and rqeuire more work for Ethereum applications migration
Ensured by having active and reserve super representatives, staking-based resource allocation, but lack of transparency on super representatives operations and their ability to buy votes increase risks of network destabilization
Community-driven, No constitution, token holders approval voting for 27 active Super Representatives, Super Representatives are encouraged to pay for votes; control of the network is very centralized and consolidated by the group of Super Representatives, which might manipulate the network as they wish, network IS NOT SECURE
Completely unreliable, 27 Super Representatives currently they have to pay their rewards to voters to keep being elected, they have no incentive to provide quality services and avoid network manipulation, network could collapse anytime when major token holders affiliated with Super Representatives will decide to exit

EOS

Negligible
3900
0.5s
Delegated Proof-of-Stake
Token staking
~ $0.1 USD to reserve CPU for average transaction; ~ $0.159 USD - Cost to persist 1 Kb of data in RAM; ~ $0.1 USD/ms/Day - Cost to reserve 1 ms/Day CPU Bandwidth; ~ $0.001 USD/Kb/Day - Cost to reserve 1 Kb/Day Network Bandwidth
WASM
Token staking significantly improves app developers and user experience
Growth stage, but much smaller than in Ethereum
Ensured by having active and reserve block producers, staking-based resource allocation, lack of transparency on block producer operations increase risks
Community-driven, Constitution, token holders approval voting for 21 active Block Producers, according to Constitution Block Producers can’t pay for votes; in reality control of the network is very centralized and consolidated by the group of Block Producers, some of them hiddenly buy votes to be elected (plutocracy)
21 Block Producers are incentivized to behave well to keep being elected by token holders; in reality they may just buy votes

Ethereum

19.07 TWh / year (0.09% of world’s electricity consumption)
15
12s
Proof-of-Work
Gas
~ $0.13 USD per average transaction
EVM/Solidity
Very difficult for both app developers and users
Strongest community globally, estimated as 250 000 developers by ConsenSys
Not guaranteed, network clogging can paralyze all applications (CryptoKitties case)
Community-driven, anonymous miners; in reality control of the network is very centralized and consolidated in the hands of few mining pools
51% PoW attack is expensive and economically not reasonable for large mining pools

Papyrus Network

Energy consumption
TPS
Block Time
Consensus
Resource Management
Average tx fee
Smart Contracts
Usage complexity
Developer community
Network availability
Governance model
Trust model

Ethereum

EOS

Papyrus Network

Energy consumption

19.07 TWh / year (0.09% of world’s electricity consumption)

Negligible

Negligible

TPS

15

3900

1700

Block Time

12s

0.5s

3s

Consensus

Proof-of-Work

Delegated Proof-of-Stake

Proof-of-Authority

Resource Management

Gas

Token staking

Token staking

Average tx fee

~ $0.13 USD per average transaction

~ $0.1 USD to reserve CPU for average transaction

< 0.001 USD

Smart Contracts

EVM/Solidity

WASM

EVM/Solidity

Usage complexity

Very difficult for both app developers and users

Token staking significantly improves app developers and user experience

Token staking significantly improves app developers and user experience

Developer community

Strongest community globally, estimated as 250 000 developers by ConsenSys

Growth stage, but much smaller than in Ethereum

Equal to Ethereum community, as network is fully compatible with Ethereum applications

Network availability

Not guaranteed, network clogging can paralyze all applications (CryptoKitties case)

Ensured by having active and reserve block producers, staking-based resource allocation, lack of transparency on block producer operations increase risks

Ensured by having Authority Node eligibility criteria, staking-based resource allocation, separation of powers to token stakeholders and Authority Nodes

Governance model

Community-driven, anonymous miners; in reality control of the network is very centralized and consolidated in the hands of few mining pools

Community-driven, Constitution, token holders approval voting for 21 active Block Producers; in reality control of the network is very centralized and consolidated by the group of Block Producers, some of them buy votes to be elected (plutocracy)

No individual or group gains too much control, governance have established Constitution and two independent branches - Token Stakeholders and Authority Nodes; Separation of powers and system of checks and balances ensures governance in the best interests of network consumers; Constitution is designed to avoid plutocracy and forbids paying for votes; Due to transparency and separation of powers it is very hard to obtain significant power by buying votes

Trust model

51% PoW attack is expensive and economically not reasonable for large mining pools

21 Block Producers are incentivized to behave well to keep being elected by token holders; in reality they can manipulate the network if stakes would be high enough, that means that storage of highly valuable tokenized assets in EOS network is risky

Up to 47 Authority Nodes are all identified eligible organizations, which are elected by other existing Authority Nodes and may be vetoed by Token Stakeholders; Authority Nodes put their reputation and business at risk; At least half of Authority Nodes should be compromised to perform successful attack

Blockchain For All

Anything you can do with Ethereum or EOS public networks can be done with Papyrus Network

Organizations

Apply to run Authority Node in Papyrus Network and get revenue from reward tokens.

Apply for Authroity Node

Deploy permissioned network with own consortium of block validators and run enterprise applications with Papyrus Network features.

My business needs a custom blockchain

Developers

Deploy your own brilliant decentralized application. Check why it make sense to migrate your project from Ethereum.

Documentation Migrate from Ethereum

We are welcoming all contributors to support Papyrus Network development.

Github