[ICO] GoNetwork: for Mobile Ethereum Users with Care
blockchain·@cris.lieva·
0.000 HBD[ICO] GoNetwork: for Mobile Ethereum Users with Care
 Hi guys! Today I want to collect some stats on how often you use your mobile devices in comparison with the laptops or PCs. As for me, I never switch my laptop unless I need this for work. I've done a small research and saw it for myself that the quantity of mobile Internet users exceeds the quantity of desktop users and this trend will go on (the graph below is only an example).  Meanwhile, still not all solutions are now adapted for the mobile usage. This is one of the features of the Ethereum transactions: Ethereum network is difficult to scale due to lack of the platform for mobile devices. Or was it difficult to scale? As today I will tell you about the project designed to eliminate this limitation. https://www.youtube.com/watch?v=P5stdsFxYjc In this review I am referring to GoNetwork project which is a highly scalable, low cost, low latency P2P network for Ethereum on mobile platforms. The GoNetwork team took part in the largest global Ethereum-hackathon ETHWaterloo and was the best among 300 developers. Besides, you can find information about a number of other achievements on the official website. I can't but mention that the ICO of this team is already called one of the most awaited crowdfunding campaigns. The GoNetwork team aims to eliminate the problem of scaling Ethereum and build a superhighway for mobile devices for the Ethereum network. According to their plans, this goal will be achieved with the help of state channels. A state channel is a method that allows two people to start a transaction with each other in a blockchain, but then move along the chain to carry out an almost unlimited number of direct transactions with each other until they are ready for settlement, which is then executed back to the block. And since there is no need to check or process transactions until they are ready for calculation, the whole process becomes superfast and inexpensive. The integrity is ensured by smart contracts and multisignatures so the transfer values can’t be changed by neither party. In addition, a dispute resolution system is foreseen.  State channel overview diagram It is important to reduce state channel creation to avoid on-chain transaction latency. To meet this objective, an incentivization scheme is designed: the users will be rewarded for the longevity of a state channel. In order to create or close contracts users will need special GoTokens acting as fees on the platform. Fiat money can be converted into GoTokens with the help of integrated payment platform, or a user can buy GoToken from his/her Ethereum wallet. As per team, the demand for these tokens will rise with the Ethereum’s growth which will boost their price, too. In order to raise funds for project realization and development, The GoNetwork team launches a token distribution event with the offer of 50M tokens. The period is not set yet, please follow the updates by the links below.  Token distribution plan In my opinion, the use case (virtual goods in games) described in the whitepaper is, at best, of little interest, but the actual solution they offer has a more significant and striking potential than they presented. Currently, all network scaling solutions are oriented to the desktop users... and there are many limitations if to speak about the mobile platforms. And given the fact that working on the Internet with mobile devices exceeded the use of the desktop, it's no surprise that the team is so focused on scalability from the perspective of mobile devices. Useful links: Website: https://gonetwork.co/ Whitepaper: https://gonetwork.co/GoNetwork_WhitePaper.pdf BTT Bounty Thread: https://bitcointalk.org/index.php?topic=2349485 BTT ANN Thread: https://bitcointalk.org/index.php?topic=2352537 Medium: https://medium.com/@gonetwork Telegram: https://t.me/joinchat/Geu7vA2LFdDv5RqxFYqCtw Twitter: https://twitter.com/gonetwork_co My ETH-address: 0x9F8051399114A4C8b9A742Dbb51C10162E61F234 My BTT profile link: cr_liev, https://bitcointalk.org/index.php?action=profile;u=1046642;
👍 magicmusic, vilagra, sportic, afinna, alina329, anatolicoles, andr73, andrei0, andrey7, anna1706, antanti, antisnot, anton1706, anton703, babey, cakesandpastries, cololoprince, dariyasmsnv, denbit, denpolger, dimdim, dimkaosobiy, dmitrynikulshin, double-shot, dovgane, eduardmen, edvardpetrov, extreme.travel, fairsale, fillipderka, fomenkova, gabrielr1, gradov, idarus, ilin.yaroslav, jert56, kaaser, kol23, krasnovv, krass2, kybuk, lamer-19, lavri, letik, maksnovy, margiv51, mariin, markfiller, marus, maxteam, maybefrostik, mixail.yakovlev, nikolaj.nikitin, nuarat, oleyka, orlan, pallada, pasau, pasha.derevyanko, pavel-p, playqwerty, ponomarev88, ponomarev90, potma2, rokovas, ruslan233, vasilij.ershov,