GRABITY - The New Paradigm of Internet
GRABITY
THE NEW PARADIGM OF INTERNET
Hello to all steemit members, this is my first post and it is a pleasure to present a project that is revolutionizing the world of blockchain, ¨GRABITY¨.
Blockchain technology is the point of convergence of thought in current news highlights. The technology has been regarded "tricky," and the inevitable destiny of Blockchain is routinely associated with one that could "adjust life as we most likely know about it."
If you're looking for a platform inclined to be completely disturbed by chain lock technology, it doesn't seem more remote than the Grabity.
¿WHAT IS GRABITY?
Grabity is an open Blockchain technology that converts the Web perspective from a centralized system to a distributed network. The execution of the current hardware has improved considerably, even though mobile phones work better than previous servers, however, it does not use 100% of its storage capacity or its data processing capacity. Anyone can share their computing assets through inactive devices they already own, for example, mobile phones, tablets and PCs, users can earn rewards and resources, and DApp developers can use their PC resources to work with services at a lower cost.
¿WHAT IS ORBITS NETWORK?
Orbits Network is Grabity's decentralized core network detailing a P2P network that is genuinely distributed through the use of all inert PC computing resources connected by cable or remotely. Orbits Network transactions are efficiently monitored using Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, intelligent contracts and resource files can be stored in separate sections for each by using distributed storage technology and defragmentation function technology that can remember each part and run in transmission format.
1. System Layer:
Overlay arrangement based on P2P. Check and then extend exchanges between hubs through the layer. The main one is to take full advantage of the fundamental system's data transfer capability.
2. Information Layer:
Blockchain data structure and physical storage space. Including Merkle Tree, Hash Function, Data Block, digital signature and others that store blocks and DApp files that contain the transaction history.
3. Layer of Agreement:
The nodes that generate transactions directly verify the transactions themselves, and the transactions that have been verified by most of the nearest nodes are generated as blocks. This is distributed to other nodes, and if a node is configured as a malicious attack, the transaction details are initialized and synchronized with the details of the verified transaction.
4. Application Layer:
Provide the application interface through Blockchain. Bright contracts, virtual machines, DApp, etc. are incorporated and connected directly between information clients.
5. Administration layer:
The toolkit and SDK are given to shape the advancement of the environment and meet the outsider.
SIMULTANEOUS TRANSACTION
The sequential transaction-processing structure has limitations in the processing speed that cause problems in scalability. The fundamental way to address scalability issue is to handle simultaneous transactions. The simultaneous transaction processing is to be implemented on the Orbits Network and is in a producer-structure in which a node becomes the transaction generating, processing and verifying user. This solves the problem of scalability because the number of nodes that process and verify transaction also increases as the number of transactions increases, unlike the existing methods in which the network is overloaded as the number of transactions increases. The simultaneous transaction processing structure overcomes the need to collect and process transactions, creating a single block at the same time as generating a transaction and storing it in each node, that is responsible for processing including itself when the block is validated.
GENESIS HOISTING
As the current Blockchain structure grows over time, the size of the distributed storage accumulated in each node increases equally, thus reducing the efficiency of the entire network and reducing node scalability. However, it is essential that many nodes participate freely in order to commercialize the Blockchain. Genesis Hoisting was devised for this purpose. Genesis Hoisting is a technology that sets up the distributed ledger and transfer all blocks to the super node when the storage space of the devices of each node reaches a certain amount. The term Genesis Hoisting is used to refer to the process of overwriting file after the calculation of providing a block index number that is one higher than the existing block in the process of overwriting the file after calculation.
PLANET WALLET
Planet Wallet is the node client and official wallet of the Orbits Network. In order to secure the users, Planet Wallet will be released before the launch of the main net with the function of transferring token conveniently through mobile phone number, along with storing and transferring token in the application between exchanges. After the main net launch, node application function and DApp Store will be added.
The Grabity Ecosystem consists of centers, networks, node applications, communities, and platforms, and each institution joins the token economy dependent ecosystem. We present the token economy and various requirements for the ecosystem to function and develop as follows.
TOKEN ECONOMY
Demand for GBT
- Consumers who need computer resources should purchase GBT.
- Need to purchase GBT to participate the in the ICO on the Orbits Network-based DApp.
- GBT is DApp's main currency, and if DApp's users increase, demand can increase.
- The reward for providing computer resources after the main net launch can be expected to increase the demand for GBT, determined from the additional computer resources and GBT.
Supply of GBT
The initial 10,000,000,000 GBT for the development and operation of the project are issued from the Ethereum network. The ERC20-based GBT will be replaced with the Orbits Network-based GBT after the main net launch. In addition, since the main net, GBTs are issued in addition to consideration of the inflation rate for the purpose of compensating computer resource providers. The rate of inflation can be flexible, but will be determined in a way that does not exceed 5% to protect token holders and ecosystem participants.
GBT ECOSYSTEM ENTRY INCENTIVES
The consumers of computer resources can use the Orbits Network using GBT for less than the cost of building or maintaining existing servers, and the provider of computer resources can obtain GBT by providing Orbits Network with idle resources or extra devices of their own devices
TOKEN SALE
Total Token amount: 10,000,000,000 GBT
Token Token sale amount: 7,000,000,000 GBT
Percentage of sales Token from total Token: 70%
Hard cap : 30,000,000 USD
Soft cap : 10,000,000 USD
Tokens except for the pre-sale and public sale are sold in private rounds.
Unsold tokens are due to be incinerated.
PRE SALE
Token Sale Rate:20%
Bonus:10%
PUBLIC SALE
Token Sale Rate:30%
Bonus:0%
ROAD MAP
2018 Q4
Smart contract Deploy
ERC20 based Token issue
2019 Q1
Network Layer Development
(P2P-based overlay network)
Planet Wallet Launching
2019 Q2
Data Layer Development
Consensus Layer Development
2019 Q3
Testnet Launching
Toolkit & SDK Development
Block Explorer Development
2019 Q4
Application Layer Development
2020 Q1
Management Layer Development
2020 Q2
Orbits Network Launching
GBT-based DEX, DApp Store Launching
When the Grabity project reaches the marketing stage, anyone will have the ability to make use of the focal points to change the perspective of the Web. Watch the video below to learn more about this project.
TEAM MEMBER
FOR MORE INFORMATION CLICK LINK BELLOW:
- Website: https://grabity.io/
- Whitepaper: https://github.com/grabityorg
- Telegram: https://t.me/GrabityENG
- Facebook: https://www.facebook.com/Grabity.io
- Twitter: https://twitter.com/GrabityOfficial
Author: Jesus Nataniel Tillero.
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2473166
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Welcome to steemit @jntillero.
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