GRABITY - Project Review

in #grabity6 years ago


What exactly is GRABITY?

As said earlier, Grabity is a public Blockchain project, for the transformation of the Internet paradigm from centralized network to a distributed network. Current hardware performance has improved dramatically, even enough for smartphones to have better performance than previous servers. However, it does not use 100% of storage space or computing power. Anyone can share computer resources through already-possessed idle devices such as smartphones, tablets, and PCs, and users can receive rewards as much as they provide resources, and DApp developers can use the shared computer resources to operate services at a lower cost. When the Grabity project reaches the commercialization stage, anyone will be able to make the use of distributed nodes to switch the Internet paradigm.

WHAT IS 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

Make your own planet

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.

The DApp Store

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.

About The Grabity Ecosystem

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

Token Economy

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.

Orbit Network Advantage

  1. The simultaneous transaction processing structure overcomes the need to accumulate and system transactions, creating a single block on the equal time as generating a transaction and storing it in every node, this is liable for processing which includes itself when the block is proven.

  2. Genesis Hoisting becomes devised for this cause. Genesis Hoisting is a generation that units up to the distributed ledger and transfer all blocks to the splendid node whilst the storage space of the gadgets of each node reaches a certain quantity. The term Genesis Hoisting is used to consult the method of overwriting document after the calculation of supplying a block index range that is one better than the present block within the system of overwriting the report after calculation.

  3. Defrag Function is a technology which can recall disbursed DApp supply files in real-time streaming format. Because Defrag feature does now not need to shop all of the unique supply documents, it does not want to shop functions that aren't used or used infrequently, hence decreasing the burden on storage area and keeping the community green.

  4. Distribution Storage

Current DApps shop database within the Blockchain and the source files are saved on a vital server. Due to the essential boundaries of the Blockchain technology and communique generation, it operates in a hybrid structure. This shape can be protected through Blockchain to a point however remains at a vulnerable kingdom, but while the relevant server becomes disabled, the entire system will disintegrate. An actually allotted application should permit supply documents to operate and save in distribution. However, an efficient storage machine and processing system is wanted in dealing with the source documents inside the Blockchain because the capacity will increase exponentially. Unlike the present structure wherein capabilities are saved within the entire memory and analyzing the contents of a specific characteristic, the program supply on the Orbits Network has their features hashed and stored in basic units.

DApp

The estimation of the fundamental net relies upon the quantity of DApp. Most DApp clients originate from existing application clients, so Grabity gives a commonplace DApp Store to existing application clients. Since the fundamental prerequisite to utilizing DApp is the unlimited storage room and exchange of tokens, DApp Store will be discharged on PC and versatile variants related with different wallets and trades.

The DApp Store is grouped into different classifications, for example, amusement, back, informal communication, media, wellbeing, training, music, and so on and the positioning framework depends on a calculation that exhaustively think about day by day normal number of clients, fulfillment, exchange, and advancement.


Grabity Ecosystem

The Grabity ecosystem comprises of nodes, community, DApp, and platforms, and each foundation adds to the ecosystem based on the token economy. Grabity presents the token economy and different prerequisites for the ecosystem to work and create as follows.

GBT Token Sale

Name Token: Grabity

Token Symbol: GBT

Fundraising Goal:

Hard Cap: $ 30.000.000

Soft Cap: $ 10.000.000

GBT Total Supply: 10.000.000.000 GBT

GBT Sale Supply: 7,000,000,000 GBT

GBT Token Price: 1 GBT = 0.0053 $

GBT Team: CO-Founder 2 Year/Member 1 Year

GBT Token Allocation


About GRABITY Project

Grabity is a public Blockchain project, for the change of the Internet worldview from a unified system to a conveyer system. Current, equipment execution have enhanced drastically, sufficiently even for cell phones to have preferable execution over past servers.

Be that because it might, it doesn't utilize 100% of storage room or registering power.

Anybody can share PC assets through effectively had inert gadgets, for example, cell phones, tablets, and PCs, and clients can get remunerates as much as they give assets, and DApp designers will utilize the mutual laptop assets to figure administrations at a lower price.


At the purpose, once the Grabity venture achieves the exploitation prepare, anybody can have the capability to create the employment of spread hubs to change the web worldview.

Traditional blockchain storage system requires a central server to store the source files and this causes a hybrid structure which is somewhat vulnerable since a partially centralized server system. Grabity solves this problem by distributed storage which acts as a fully distributed storage system and to get rid of the efficiency problem Orbits Network has their functions hashed and stored in basic units.

Final Words

When we get into blockchain world and cryptocurrency environment we can easily see that change happens in a dizzying speed. It's an extremely volatile world which requires more attention and when our processes come to a standstill disappointment can't be measured due to the trust for the technology. In order to prevent any disruption, Grabity is a huge step forward in this innovative world. In other words, Grabity is here to revolutionize the revolution itself. It is definitely a paradigm shift, indeed.



For more information, please visit:

WEBSITE: https://grabity.io/

WHITEPAPER: https://github.com/grabityorg/WhitePaper/blob/master/Eng.MD#grabityio-whitepaper

FACEBOOK: https://www.facebook.com/Grabity.io

TWITTER: https://twitter.com/GrabityOfficial

TELEGRAM: https://t.me/GrabityENG

BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1673535

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