What is Analog?

Analog is a Layer 0 protocol focused on blockchain interoperability, enabling seamless cross-chain communication and event data validation through its Timechain. The core goal is to address the fragmentation of the multi-chain ecosystem by allowing different blockchains to interact through a decentralized General Message Passing (GMP) framework.
Analog has also introduced an innovative Proof-of-Time (PoT) consensus, which creates verifiable event data on the Timechain, allowing developers to build the next generation of event-driven applications.
The foundation of Analog began in early 2022 with the first release of its Timepaper, which has undergone four iterations. The mainnet launched on December 23, 2024, initially operating under a Proof-of-Authority (PoA) framework for block production.

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Why is Analog Needed?

For users to interact with Web3 products across different ecosystems, there is a fundamental need for cross-chain interoperability. However, the lack of seamless cross-chain communication forces developers to choose a specific blockchain when building applications, while users must decide which chain to deploy assets on to maximize capital efficiency.
Several solutions have been proposed to address this interoperability challenge, but:

• Most solutions are limited to specific blockchains, standardizing protocols within their own ecosystems.
• These approaches require other blockchains to adopt standardized frameworks, often relying on complex, restricted, and less secure bridging networks.

Analog uses Timechain as a cross-chain “accountability layer” to ensure traceability and accountability for all participants (nodes, validators, and users) in multi-chain ecosystems. This allows any blockchain to interact seamlessly.

• Developers can use General Message Passing (GMP) to call smart contracts on different blockchains or transfer assets without relying on centralized bridges, reducing development costs.
• Security Risks in Traditional Bridges: To mitigate bridge vulnerabilities, Analog employs Threshold Signature Scheme (TSS) and Multi-Party Computation (MPC), eliminating single points of failure and ensuring tamper-proof transactions.
• Proof-of-Time (PoT) Consensus: Validators must stake ANLOG tokens and run Time Nodes, directly linking rewards to network security, creating long-term economic alignment.

Timechain: The Core of Analog

The Timechain is a sovereign blockchain that acts as the accountability layer for the entire network. It serves as a central hub for recording, verifying, and executing protocol events across chains. Built on the Substrate SDK, Timechain enhances interoperability with features such as:

• Validator and Shard Management: Tracks and registers validators while assigning Chronicle Nodes to shards for effective cross-chain monitoring.
• State Machine Replication (SMR): Ensures that validated event data is accurately recorded and processed across connected chains.
• Governance and Upgrades: Enables on-chain governance for protocol upgrades and parameter adjustments.
• Resource Optimization: Uses batch transaction processing and automation to handle high-volume requests without compromising performance.
  

Analog Watch

Analog Watch is a blockchain data analytics tool designed to simplify access to multi-chain data. It provides developers with a unified API (Watch API) for real-time and historical blockchain data queries.

• Reduces integration complexity, allowing dApps, traders, and analysts to access cross-chain insights effortlessly.
• Aggregates data from multiple blockchains, enhancing visibility and transparency across the Web3 ecosystem.

Analog GMP (General Message Passing Protocol)

Analog GMP is a secure, decentralized protocol designed for cross-chain smart contract execution.

• Developers can deploy and manage dApps across multiple blockchains without manually building bridges or relying on centralized intermediaries.
• Enables trustless communication between smart contracts on different blockchains, unlocking new possibilities for DeFi, NFTs, gaming, and other Web3 applications.

Proof-of-Time (PoT) Consensus Protocol

Timechain adopts the Proof-of-Time (PoT) consensus protocol, specifically designed to address scalability and fairness challenges in cross-chain interoperability.
Unlike traditional Proof-of-Work (PoW) or Proof-of-Stake (PoS) models, PoT introduces a more inclusive and secure blockchain validation method.

Key Components of PoT

PoT combines three key components to maintain fairness and integrity across the network:

1. Ranking Score (RS):
   • Validators are ranked based on their tenure in the network, past validation accuracy, and relationships with other nodes.
   • Rewards long-term honest participation while discouraging malicious behavior.
2. Verifiable Delay Function (VDF):
   • Ensures transactions are processed in a fixed order, preventing manipulation.
   • Prevents nodes from unfairly influencing block proposals, ensuring sequential data processing.
3. Stake-Based Selection:
   • Validators must stake $ANLOG to participate.
   • This ensures they have economic skin in the game, deterring malicious behavior.
   • Combining Ranking Score, VDF, and staking guarantees fairness, regardless of token holdings.

Two-Phase Validation Process

PoT follows a two-step process to verify transactions and add blocks to the Timechain:

1. Soft Voting:
   • Designated nodes validate and process event data, generating cryptographic proofs using VDF and sharing results with the network.
2. Hard Voting:
   • A randomized committee of 1,000 nodes reviews the data.
   • If at least two-thirds of nodes agree, the block is added to the Timechain.
     This dual-layer system ensures transactions are processed securely, efficiently, and fairly.

Currently, Analog operates under Nominated Proof-of-Stake (NPoS) and plans to transition to PoT in future upgrades.

Funding Background

February 13, 2024: Analog raised $16 million in seed and strategic funding, led by Tribe Capital, with participation from NGC Ventures, Wintermute, GSR, NEAR, and Orange DAO.
January 28, 2025: Analog secured an additional $5 million, backed by Gate Ventures, Foresight Ventures, Backerdao, and Black Label Ventures.

Analog Tokenomics

Token Utility

The native token of the Analog Network is ANLOG, which serves multiple functions within the ecosystem:

1. Staking:
   • Time Node operators must stake ANLOG to participate as validators on the Timechain.
2. Rewards:
   • Validators receive block rewards and staking incentives for securing the network.
3. Gas Fees:
   • All transactions (e.g., transfers, staking, governance votes) require ANLOG as payment.
4. Protocol Fees:
   • ANLOG is used as collateral for certain dApps built on Timechain, such as Analog Watch.
5. Governance:
   • ANLOG holders vote on protocol upgrades and ecosystem development.

Token Distribution

Total ANLOG supply: 9,057,971,000

• Community: 40.00%
• Team & Advisors: 18.93%
• Seed Round: 23.37%
• Private Sale: 10.10%
• Strategic Round: 4.16%
• Opportunistic Investors: 3.44%