Welcome my friends to a new interesting ICO today and let’s see their great idea:
A highly scalable, low cost mobile first network infrastructure for Ethereum
GoNetwork is making a low-cost, low-inactivity and adaptable system for Ethereum that will be utilized by mass versatile, work area and web stages. The quantity of exchanges that most prevalent digital forms of money can deal with is tiny contrasted with what’s required for the innovation to be successfully utilized at scale.
The group objective is to explain these issues by making a solid group and putting intensely in innovative work while considering solid business utilize cases. Their alpha is as of now accessible at https://gonetwork.co/page-mvp.html.
The project vision, mission and path:
The group prime target is to construct a quick, shoddy and versatile portable for one thing chain exchange organize for Ethereum. They need to achieve this by actualizing state channel innovation to our system; while concentrating on adjusting the techniques to portable stages.
To accomplish this vision, and convey digital currency to the majority, they will make the accompanying strides:
- Build the foundation that can scale Ethereum to gigantic exchanges every seconds on portable.
- Use GoNetwork to convey a solid utilize case; GoExchange, a virtual products business stage, that will demonstrate the limit of our framework.
- Implement GoExchange in all Infinidy recreations and dubsquad.me application (combined download of more than 15 Million)
- Develop the pocket item to enter the trade showcase.
GoNetworks conviction fixates on the possibility that mass appropriation of cryptographic forms of money depends on versatile openness and interoperability. GoNetwork intends to manufacture a high-throughput, ease, low-inertness organize for versatile off-chain exchanges. This will speed up the mass appropriation of cryptographic forms of money and move customer markets towards an advanced economy.
In creating GoExchange alpha, it was clear exchange throughput and inertness couldn’t meet the microtransaction requests of the undertaking gaming stage with its 15m+ client base. The group began exploring scaling arrangements; private chains with tuned POW trouble, sharding, confided in server models. In the long run, they happened upon the stunning commitments of Lightning, Plasma and Raiden system to the subject.
State Channels close by Hashed TimeLock Contracts and Merkle Proofs support the crypto structures important to create versatile off-chain systems. Uncommon contemplations must be taken for portable stages:
- Network accessibility and data transfer capacity isn’t so omnipresent and exceedingly accessible as work area settings.
- Users are just ready to confer a specific measure of assets so as to protect battery life.
Their concentration is to manufacture the required systems administration and verification structures for versatile platforms.
The project key advantages:
A noteworthy worry with blockchain innovation focuses on speed and high cost of exchanges. Exchanges on blockchains like bitcoin are costly and moderate. With developing utilization, Ethereum will charge no diversely after some time. GoNetworks arrangement tackles this issue by permitting off-chain exchanges.
GoNetwork is intended for the trillion dollar portable economy and business advertise.
GoNetwork makes Ethereum Fast
State channels amortize the cost of exchanges in light of the quantity of off-chain exchanges finished off-chain. Hence, in run of the mill high-recurrence work processes, the cost of exchanges will be a few requests of size lower than running the exchanges on Ethereum straightforwardly.
The project prime goal is to manufacture a portable first system for Ethereum ERC20 tokens that is off chain. It is a quick, shabby and low dormancy foundation.
Making Transactions Cheap
A noteworthy worry with blockchain innovation fixates on high cost of exchanges. GoNetworks arrangement takes care of this issue by permitting off-chain exchanges.
The GoNetwork github contains a rundown of activities that fabricate the GoNetwork stage. It contains the GoNetwork’s shrewd contract stores, that updates and oversees virtual products included by designers. It likewise contains an AssetManager that has a rundown of diversions shrewd resources – when a client purchases, offers a benefit she issues the order through the AssetManager. It additionally has the DAPP, Wallet, Explorer and that’s just the beginning.
GitHub address : https://github.com/gonetwork-project
GoNetwork has been designed and created by a highly experienced team of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues. The team recently won Worlds’ Largest Ethereum Hackathon called ETHWaterloo. The hackathon brought together crypto’s smartest minds – over 400 participant from 32 countries participated.
- Rashid Khan – CEO
- Amit Shah – CTO
- Xun Cai – COO
- Jesse Guild – Business Development Manager
- Vincent Xie – Project Manager & Business Consultant
- plus the GoNetwork team & advisers
- Token: GoNetwork
- Abbreviation: GOT
- Platform Ethereum
- Accepting: ETH
- Supply: 100m Got
Tokens Sale Availability:
- Start date: 11.Jun.2018
- End date: 11.Jul.2018
About the author
My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.
Your donations are highly appreciated. MEW address: 0x70912D44a60D099ECac3Ea568aEeB1dDCa2BA3A5