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🏦 Experimental cryptographically verifiable, append-only ledger system for core banking & e-money applications. Event-sourced with FUSE filesystem.

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LedgerFS 🏦

⚠️ EXPERIMENTAL PROJECT - This is a proof-of-concept implementation and should not be used in production environments.

A cryptographically verifiable, append-only, event-sourced ledger system designed for core banking and e-money applications. LedgerFS aims to outperform traditional RDBMS in audit-focused, high-throughput, tamper-evident environments while providing inherent regulatory compliance.

🎯 Project Vision

LedgerFS is designed to be the foundation for next-generation financial systems that require:

  • Cryptographic Verification: Every transaction is cryptographically signed and verifiable
  • Append-Only Immutability: No data can be modified or deleted, ensuring complete audit trails
  • High-Throughput Performance: Target >50,000 TPS with <100ms P95 write latency
  • Regulatory Compliance: Built-in support for PSD2, Basel III, and e-money safeguarding
  • Event Sourcing: Complete system state reconstruction from immutable event log
  • FUSE Integration: Filesystem interface for seamless integration with existing tools

πŸš€ Current Status

This project is in early experimental development. Current implementations include:

βœ… Completed Components

  • Core Event System: Comprehensive event schema with cryptographic hashing
  • Event Store: RocksDB-based LSM tree storage with append-only semantics
  • Batch Processing: High-throughput batching system targeting >50K TPS
  • FUSE Filesystem: Basic filesystem interface for ledger data access
  • Serialization: Optimized binary serialization with LZ4 compression
  • Project Infrastructure: Modular Rust workspace architecture

πŸ”„ In Progress

  • Read Optimization: Performance tuning for <50ms P95 read latency
  • Command Processing: CQRS command handling and validation
  • Merkle Trees: Cryptographic verification and tamper detection
  • Recovery Mechanisms: Crash recovery and consistency checking

πŸ“‹ Planned Features

  • Cryptographic Chaining: Block-chain inspired event chaining
  • Read Models: Optimized query interfaces for different use cases
  • Event Streaming: Real-time event distribution and replication
  • Regulatory Reporting: Automated compliance reporting tools
  • Performance Benchmarks: Comprehensive performance testing suite

πŸ—οΈ Architecture

LedgerFS uses a modular architecture built in Rust:

ledgerfs/
β”œβ”€β”€ crates/
β”‚   β”œβ”€β”€ ledgerfs-core/          # Core types, events, and traits
β”‚   β”œβ”€β”€ ledgerfs-event-store/   # Event storage and batch processing
β”‚   β”œβ”€β”€ ledgerfs-fuse/          # FUSE filesystem implementation
β”‚   β”œβ”€β”€ ledgerfs-command/       # Command processing (planned)
β”‚   β”œβ”€β”€ ledgerfs-query/         # Read models and queries (planned)
β”‚   └── ledgerfs-crypto/        # Cryptographic operations (planned)
└── docs/                       # Documentation and specifications

Key Technologies

  • Storage: RocksDB with LSM trees for high-throughput writes
  • Serialization: Bincode with LZ4 compression for performance
  • Async Runtime: Tokio for high-concurrency operations
  • Filesystem: FUSE for seamless OS integration
  • Cryptography: SHA-256 hashing with planned Merkle tree verification

πŸ”§ Development Setup

Prerequisites

  • Rust 1.70+ with Cargo
  • FUSE development libraries (libfuse-dev on Ubuntu/Debian)
  • RocksDB development libraries

Building

# Clone the repository
git clone https://github.com/yourusername/ledgerfs.git
cd ledgerfs

# Build all crates
cargo build

# Run tests
cargo test

# Build FUSE binary
cargo build --bin ledgerfs-fuse

Testing the FUSE Filesystem

# Create mount point
mkdir /tmp/ledgerfs_mount

# Mount the filesystem
./target/debug/ledgerfs-fuse /tmp/ledgerfs_mount

# In another terminal, explore the filesystem
ls -la /tmp/ledgerfs_mount/

# Unmount when done
fusermount -u /tmp/ledgerfs_mount

πŸ“Š Performance Targets

Metric Target Current Status
Write Throughput >50,000 TPS πŸ”„ In Development
Write Latency (P95) <100ms πŸ”„ In Development
Read Latency (P95) <50ms πŸ”„ In Development
FUSE Access Time <10ms πŸ”„ In Development
Storage Efficiency >80% βœ… Achieved with LZ4

🏦 Use Cases

LedgerFS is designed for financial applications requiring:

  • Core Banking Systems: Account management, transaction processing
  • E-Money Platforms: Digital wallet and payment processing
  • Audit Systems: Immutable transaction logs for compliance
  • Regulatory Reporting: Automated compliance data generation
  • Financial Analytics: Event-sourced data for real-time insights

⚠️ Important Disclaimers

  • Experimental Status: This project is in early development and not production-ready
  • Security: Cryptographic implementations are not yet audited
  • Performance: Current performance metrics are preliminary
  • API Stability: APIs may change significantly during development
  • Data Safety: Do not use with real financial data

🀝 Contributing

This project is currently in experimental development. Contributions, feedback, and discussions are welcome:

  1. Check existing issues and discussions
  2. Fork the repository
  3. Create a feature branch
  4. Submit a pull request with detailed description

πŸ“„ License

This project is licensed under the Apache License 2.0 - see the LICENSE file for details.

πŸ”— Related Projects

  • Event Store - Event sourcing database
  • RocksDB - High-performance key-value store
  • FUSE - Filesystem in userspace

Note: This is an experimental project exploring the intersection of event sourcing, cryptographic verification, and high-performance storage for financial applications. It is not intended for production use and should be considered a research and development effort.

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