Back in 1995-2005, we relied on personal hardware: hard discs, portable devices, etc. Then in 2006 Eric Schmidt introduced much of the world to accessible Cloud computing. All at once, it took multiple industries by storm. In less than 10 years, blockchain technologies have arrived to challenge those same industries with decentralized structures. Storage is one of the essential industries now facing a serious disruption from blockchain.
Just think – from a user, company, corporate or almost any other perspective, today we all have something to store online, and yet we worry about the security of the storage, its efficiency, accessibility and other factors.
Bloackchain may have the potential to answer each of these, in time. Just like many of our fellow blockchain startups, we at the Genaro Network haven’t decided to create simply another filing system allowing users to store data – rather we seek to develop an entire ecosystem of a kind that hasn’t been built before. Many would argue that the decentralized cloud storage market is unlikely to end in a winner-take-all outcome. However here below we’ll take time out to challenge this assumption.
The purpose of this piece is to walk a reader through our ecosystem and share 5 reasons why using Genaro is the best bet.
Genaro Network & Ecosystem
Let’s kick off with the big picture. A majority of people tend to ask how different we are from our competitors. Unlike others Genaro isn’t just solving decentralized storage, but creating a unique toolkit that includes Genaro Eden, Genaro Sharer, Genaro Enterprise Edition, and Genaro wallet, and will eventually include the Genaro Hub, Loft and Accelerator projects.
All of this will establish an ecosystem that will allow users, entities, miners (farmers) and stake holders (PoS people) to generate and use more GNX tokens for a growing array of services and benefits.
At Genaro, we know that mass data storage and analysis on the blockchain will be key to expanding the burgeoning DAPP industry. Currently, decentralized apps are at an evolutionary stage as they feel their way towards reliability, but a blockchain with integrated storage solutions could propel things forward.
1. Storage Redefined (Airbnb in #Storage Industry – and not only that)
Genaro is the first Turing-complete public chain with a fully integrated decentralized storage network that allows the deployment of smart contracts and data storage together, making it a useful for developers who are trying to drive the blockchain revolution. Genaro’s Virtual Machine will deploy smart contracts that will remove the need for referral to third parties, based on affordable pricing and flexibility. In storage, Genaro also uses artificial intelligence optimization algorithms to pick up the most proximate nodes for users uploading their data, providing a seamless experience for everyone.
2. SPoR+PoS (farming and staking simultaneously)
At Genaro we have a unique technology combining both proof of stake (PoS) with Sentinel Proof of Retrievability (SPoR) for consensus. We use PoS as general consensus, but then creatively add the SPoR algorithm as the storage consensus, which could potentially radically increase both public chain scalability and file transferring speed.
3. Keeping it Public: Turing-complete Smart Contracts and a Public Chain-bank
We are even taking things a step farther with our storage capabilities. While there were other alternatives, we made the blockchain a public one, with storage integrated. Here is the picture: a Turing-complete chain with ecosystem for users+wallet to make use of GNX tokens from farming and SPoR.
4. The Application of Sharing Economy Theory
When community members/contributors share their unused storage space, they can earn Genaro GNX Tokens, which are exchangeable into fiat currency at any time. The more storage is shared, the more GNX tokens are earned,
5. Genaro Hub Co-living Space
We decided not to limit ourselves to an online ecosystem, but also to develop physical infrastructure. Think of this: you are a startup that has an idea, passion and initial supporters. You still need help, and plenty of it. Genaro can provide a space to live in, professional resources and access to funding and further services using GNX. Getting integrated into Genaro’s ecosystem to benefit online as well as offline, with data secured and opportunities opening up as the ecosystem grows. Would that be an offer you’d want to take up?
Simply put: Genaro Network+Turing-Complete,PublicChain+Decentralized Storage for DAAPs= Blockchain 3.0 and a Trustworthy Internet