Into to the world of Othentic

TL;DR: 

• EigenLayer offers services to leverage Ethereum's economic security
• Shared security means more novel computing services 
• Complex low-level development is required for services with shared security
• The Othentic Stack enables the creation of novel computational services, abstracts away development barriers, and minimizes engineering overheads

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EigenLayer

EigenLayer introduces a new cryptoeconomic primitive known as "restaking” or “shared security,” allowing existing Ethereum validators to extend security to additional services.

Validators (aka Operators) are able to opt-in to secure several services and are incentivized through rewards for executing specialized node tasks.

Background
While EigenLayer provides the baseline smart contracts to derive security from Ethereum, AVS developers are responsible for (1) customizing a system that interacts with the EigenLayer framework and (2) developing critical core components that fit the new shared security economy. 

In the new shared security economy, node clients are continuously evolving, and Operators are required to execute diverse on-chain and off-chain computation work that represent the AVS unique service. 
AVS developers need to deploy their core service atop a trustless execution environment, spin up a network of Operators that run their unique node software, reach on-chain agreements on arbitrary computational tasks, distribute rewards, and enforce penalties and slashing based on the Operators' attestations. 

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Othentic Stack

The Othentic Stack is a self-deploy infrastructure to spin up distributed systems with shared security, with a mission to facilitate the creation of novel computing services.

Leveraging a library of production-ready and configurable components, AVS developers can focus on their core service, minimize engineering overheads, and abstract away low-level implementations and error-prone infrastructure details.

AVS is: 

• Computing services that provide services to other networks or applications
• Decentralized networks that run their own validator set and are compatible with any EVM or non-EVM blockchains

Othentic introduces a framework for AVS development, allowing AVS teams to self-deploy (1) custom computational services over trustless execution environments and (2) a network of Operators that run arbitrary compute tasks. 

AVSs such as oracles, coprocessors, bridges, relayer networks, decentralized RPCs, ZK provers, exploit prevention systems, privacy-preserving computations, decentralized auth systems, AI inferences, composable data networks, decentralized solvers, and MEV Auction, provide services to other protocols without being constrained by any particular blockchain. 

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Othentic Modular Consensus

AVS’s operation can be broken down into units called “Task.” Each Task represents a unit of work to be carried out by the Operators.

One of the primary goals of Othentic is to support diverse node tasks and enable AVSs to submit unique task specifications.

Othentic Modular Consensus is a scheme to execute, validate, and approve any given task.

The consensus algorithm leverages the leader election mechanism, a process for a quorum of nodes to make claims about the execution of a Task by the executing node. These claims are cryptographically signed to ensure the authenticity and immutability of task execution. 

This structure allows AVS Operators to execute customizable services, providing a foundation for a wide range of applications.

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