Whitepaper Abstract: The Whale Protocol is a study around how to enact fees on cryptocurrencies to prevent users from using a given cryptocurrency for value or speculation investment, instead using it only for day-to-day transactions. In theory, this protocol will reduce price volatility and make cryptocurrency a more attractive option for adoption as a medium of exchange. This protocol intends to prevent "whales" (individuals with a disproportionately high stake in a cryptocurrency) from inadvertently causing huge sell-offs. This is a common problem, and even recent 15% drops in Bitcoin have been attributed to it. This whitepaper introduces the concept of currency as a medium of exchange, adoption of a currency, cryptocurrency adoption, and demonstrates how increased price stability from our protocol can help fuel the adoption of cryptocurrency.
Status: The Whale Protocol whitepaper is currently being written. We are currently running economic analysis on the varying fee rates necessary to achieve optimal everyday usage while preventing whales from holding onto large sums of a cryptocurrency.
James Gan has a Bachelors in Economics from Cornell University and Masters in CS from Georgia Tech. James works at PayPal as a Java Frameworks Software Engineer, and in May 2018 wrote a research paper on Bancor, finding a vulnerability two months before it was used to hack $25m USD from their network. While James has worked with the Blockchain group at PayPal, The Whale Protocol was conceived of prior to James joining PayPal and worked on independently from any work that PayPal does.
Linh Vuu is a Senior IoT Consultant at IBM helping clients implement enterprise asset management platforms and utilize Watson IoT product offerings to assist with data & technology transformation. In her previous client engagements, she has assisted as either a data engineer or project manager. Linh has a Bachelors in Applied Economics & Management from Cornell University. She currently lives in Austin, TX catering to her cat's every need.
Oscar Vergara is from Boston, Massachusetts where he is currently seeking his BS degree in computer science at UMass Boston where he's set to graduate in the Spring semester as part of the class of 2021. He currently works as a projects grader in a Computer's Architecture and Organization course at Umass. Recently he has been involved with CodeDay Labs and Hack.Diversity for internships. In his spare time Oscar enjoys boxing, surfing, and spending time with his dog Bam-bam.
Nausher Cholavaram is a Lead Product Manager at PayPal overseeing the Payments platform. He has an MBA from the Haas School of Business at UC Berkeley and a Bachelors in Engineering from the University of Madras. He has over 18 years of experience in Online Payments & E-Commerce. He enjoys learning and contributing to new ideas at the confluence of technology, finance and economics that can help solve issues in the marketplace of human ideas.
Larry Shan is a Junior at the University of Washington studying Computer Science with a minor in Applied Mathematics. He is currently the president of Blockchain Society at University of Washington, a student RSO focused on spreading blockchain education across the PNW and connecting members to industry.
Andrew Chang is a student at Henry M. Gunn High School and a rising freshman to the College of Engineering at Cornell University where he will major in computer science. His current areas of interest are data structures and algorithms, blockchain, and machine learning. He is excited to learn how he can innovate with emerging next-gen technology.
Prateek Adhikaree has a Masters in Information Systems from Northeastern University. He has full-stack software engineering experience. He worked as a Blockchain Engineer for almost 2 years where he built on multiple blockchain networks as part of BaaS (Blockchain as a Service) offering. He enjoys solving problems and is excited to contribute to cryptocurrencies being used for its intended purpose.