Jumat, 23 November 2018

GRABITY- NEW PARADIGM OF INTERNET - Project Review

Hello dear readers.
I returned with a different project than before. I think it will be more interesting. In everyday life everyone is not free from the Internet
for work or company interests but how many problems will arise. Since the 1980s, Internet management and work have become a big problem. Thus, systems that respond to environmental changes are developed, for example DNS (domain name system). Initially, only one host table was sufficient because of the small number of hosts, but because the number of hosts increased, it became difficult to remember host names and addresses, and DNS (Domain Name System) was developed and introduced in 1984 when the number of hosts exceeded 1000. In 1983 , Internet Protocol Suite (TCP / IP) is standardized with two functions: IP to carry packets, and TCP to control flow and adjust lost packets.
But since the 1990s commercialization has developed and developed on a full scale to the public. The number of hosts exceeded 10 million in 1989 but reached more than 30 million in just one year. At this time, the first Internet search engine, Archie, was developed, and for the first time a commercial Internet service provider (ISP) emerged. The decisive moment for the commercialization of the Internet was established when the World Wide Web was developed and distributed since 1991, and the reason for Web development was to provide convenience to users for browser development.
Since the mid 1990 's, the Internet has had a great impact on culture and commerce with the increase of users’ easy accessibility of the Web, the spread of low-cost and high-performance PCs, and the expansion and development of communication infrastructure. This emerged the World Wide Web of blogs, social media, online shopping malls but as well as E-mail, instant messaging and video calls.
( Read Whitepaper )

 From that problem Gravity is present. what is gravity?

Grabity is a public Blockchain project, to transform the Internet paradigm from a centralized network to a distributed network. Current hardware performance has increased dramatically, even enough for smartphones to have better performance than the previous server. However, it does not use 100% storage space or computing power. Anyone can share computer resources through mastered devices such as smartphones, tablets and PCs, and users can receive as many awards as they provide resources, and DApp developers can use shared computer resources to operate services at lower costs. When the Grabity project reaches the commercialization stage, anyone will be able to use distributed nodes to change the Internet paradigm.
Orbits Network
The Orbits Network is Grabity's decentralized main net that draw a truly distributed P2P network by utilizing all wired/wirelessly connected idle computer resources. Transactions from Orbits Network are managed efficiently through using Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, Smart Contract and resource files can be stored in separate portions into each by using the distributed storage technology and Defrag Function technology that can recall each part and execute in a streaming format.

  • Network layer : P2P-based overlay network. Verify and then propagate the transactions between nodes through the layer. The principal is to make the most use of basic network bandwidth.
  • Data Layer : Blockchain data structure and physical storage space. Includes Merkle Tree, Hash Function, Data Block, digital sign and etc. that store blocks and DApp files containing the transaction history.
  • Consensus Layer : Node that generates a transaction directly verifies its own transaction, and the transaction that has been verified by majority of certain nearby nodes is generated as a block. This is distributed to other nodes, and if there are any nodes that is determined to be malicious attacks, the transaction details are initialized and synchronized to the verified transaction details.
  • Application Layer : Provide the application interface on top of the Blockchain. Smart Contracts, virtual machines, DApp, etc. are included and directly linked between the data users.
  • Management Layer : Toolkit and SDK are provided to form the development of ecosystem and located the 3rd Party.

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.

Ecosystem
The Grabity ecosystem consists of nodes, community, DApp, and platforms, and each institute contributes to the ecosystem based on the token economy. We present the token economy and various requirements for the ecosystem to function and develop as follows.

GBT TOKEN FUNCTION
The Token Economy of the Orbits Network provide value through interaction by distribution of tokens that participate as token consumer and node, such as consumers of computer resources, platform users, ICO participants, node that desires more reward, and providers of computer resources and obtains GBT as reward. 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


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.
TOKEN DETAIL AND ICO
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.



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%

DApps
The value of the main net depends on the number of DApp. Most DApp users come from existing application users, so Grabity provides a familiar DApp Store for existing application users. Since the essential requirement to use DApp is the unrestricted storage space and transaction of tokens, DApp Store will be released on PC and mobile versions associated with other wallets and exchanges. The DApp Store is classified into various categories such as game, finance, social networking, media, health, education, music, etc. and the ranking system is based on an algorithm that comprehensively consider daily average number of users, satisfaction, transaction, and development.

TOKEN DISTRIBUTION


ROADMAP

2018 Q4
Smart contract Deploy
ERC20 based Token issue
GBT Pre-Sale

2019 Q1
Network Layer Development
(P2P-based overlay network)
Planet Wallet Launching
GBT Public-Sale

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

TEAM


ADVISOR

PATNERS

For More Information or to join ICO you can visit link below :
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