Overview GoNetwork ICO

in #cryptocurrency7 years ago (edited)

GoNetwork Platform

Table of contents:

  1. GoNetwork platform
  2. Goal
  3. Problems and solutions
  4. Benefits
  5. Command
  6. ICO Details
  7. Conclusion

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GoNetwork platform

GoNetwork creates the world's first mobile network infrastructure for the Ethereum network. This solves the problem of scalability (speed) and transaction costs, due to the fact that part of the work will be performed outside the chain of blocking, and only then the information will be added to it. Such an approach is already being developed by other projects, such as the Lighting Network or the sensational Raiden (who made x7 today, relative to the ICO price). However, they are not competitors for the Go Network, as they are not designed to work in mobile networks.

GoNetwork makes a cheap, compact and scalable network for Ethereum, which will be used by global mobile and Web platforms. This will undoubtedly help accelerate the general introduction of the crypto currency, will spur the establishment of consumer markets for the digital economy. GoNetwork will sell the first non-dangerous decentralized virtual trading platform using a cross-platform for $ 134 billion of virtual products on the market. The original platform allows the creation of virtual products, their distribution and trade on a large scale.

Goal

GoNetwork is considered the creation of an infrastructure that has the ability to help the Etherium to increase the number of operations per second while providing mobile access in the Crypto location.

To achieve this goal, GoNetwork will take the following steps: Make an infrastructure that can scale Ethereum to large transactions per second. Used by GoNetwork to ensure reliable use Introduces GoExchange to all Infinidy games and dubsquad.me application (more than 15 million downloads) Develops a pocket product for commercialization.

  1. Create an infrastructure that can scale Ethereum to the
  2. Mass transactions per second on mobile
  3. Combine the GoNetwork network with the Internet retail system
  4. Combine the Go Network with the main game networks and application stores.

Problems and solutions

Problem:

And all because of these here are these sweet and fluffy crypticot:

The fact is that because of the influx of lovers to collect cats in recent days, the ether network suffers from a sharp increase in the number of transactions and their number in the queue, which once again raises one of the most painful issues for many blockbusters - the problem of scalability (the ability of the network to process large transaction volumes).

Decision:

GoNetwork - this problem and strive to resolve. In other words, the project is an infrastructure solution aimed at scalability in the Ether network. First of all, GoNetwork will work with mobile applications, however, later it is planned to expand to other platforms. The essence of the project's approach is to open payment channels bypassing the Ether network. For example, a similar channel is opened between two participants of GoNetwork, and they make any number of transactions between each other. On the blockade of the Ether, only the final result of changes in the balance sheets of the parties is recorded. Thus, instead of having to process, say 10 or 20 or 100 transactions, between two parties, the blockade of Ether can only be written down, reflecting the final result.

Also participants of such channels can act as intermediaries for making payments for other participants. Thus GoNetwork forms an independent network, in which any number of transactions can occur and only their result will be recorded on the blocking game of Ether. That will significantly reduce the commission and waiting time in its network.

In addition, after the infrastructure solution is ready, the project team will:

  1. Launched a platform for trade in virtual goods GoExchange. On which users can sell and buy all kinds of game items to your taste.
  2. The application Pocket (russia: pocket, from the expression "pocket trifle"), which is aimed at solving the problem of financial illiteracy and offers a gaming process with parental control for the youth and the use of Ether. Parents will be able to create electronic debit cards and awards for good behavior, for example, for reducing the monthly expenses of their children.

Benefits

  1. Big potential
  2. Low latency in the network
  3. Low cost
  4. Fast ETH transactions
  5. Thanks to transactions outside the network, the transaction price will become some orders of magnitude lower than the performance of Ethereum operations directly.

In order to achieve the introduction of crypto currency into the masses, GoNetwork starts with the development of an infrastructure that inexpensively considers transactions per second on Ethereum for mobile platforms.

Command

A huge plus of the Go Network project is that it included a truly experienced team of professionals who managed to win the Waterloo ETH - the most difficult and prestigious hackathon! Among the participants there were 400 teams representing 32 world states, and in the team of judges sat such people, not needing advertising, like D. Coleman, V. Buterin, J. Lubin, B. Bondi and others.

The guys who are presenting the Go Network today managed to create an application called Pocket for 32.5 hours, with the help of which parents can give the children incentives for the appropriate use of the available finances. In addition, parents can see how children spend their money, which allows them to be encouraged or use punishment in order to teach the lesson. The application supports fingerprint authentication, as well as sending and receiving money! And all this was done in less than 33 hours!
Some members of the Go Network project previously worked in such corporations as Amazon, Google, City Bank, Electronics Art, etc. Among the popular games that were created by some of the team members are Alliens vs Zombies, as well as Happy Park and others.

ICO Details

Token: GoToken (GOT)
Dates of ICO: unknown, presumably December 2017
Total tokens: 1 00 000 000 GOT
Distribution to ICO: 50% - 50,000,000 GOT
Platform: Ethereum.
Accepted on ICO: BTC and ETH

Conclusion

Unequivocally, ICO GoNetwork deserves to closely monitor it. The development team is very strong, has a lot of experience and introduces an extremely useful idea. Investors are just waiting for the team to start buying up the tokens, so no one has any doubts about the fast set of hard cap. It is possible that the purchase of the GOT crypto currency on the ICO will not be successful for everyone, so it's better not to yawn and act aggressively. For today, developers said that their project is ready almost completely, and to its base after the release of connect more than 15 million users! So there is no doubt that after entering the exchange, the COT will make its owners a lot of profit!

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    More information can be found here:
  1. WebSitе
  2. Whitepaper
  3. BitcoinTalk
  4. Telegram
  5. Twitter
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