Blockchain 3.0 Ecosystem Creator
The First Blockchain 3.0 Ecosystem Built on a Turing-Complete Public Chain with Decentralized Storage.
1. Genaro Public Chain
Genaro Network is the first Turing-complete Public Chain with Decentralized Storage Network, a one-stop solution to deploy smart contracts and store data simultaneously. Genaro provides critical blockchain infrastructure for other blockchain-based solution providers as a replacement for cloud-based storage. We also provide secure storage for individuals. This section explains the basis for how that storage is provided to both providers and individuals.
2. Genaro Hub and Genaro Accelerator
The Genaro Hub is designed to be a revolutionary workspace where concepts of coworking, coliving, and cocreating are combined, and all linked together by a social and business community utilizing the Genaro ecosystem. One of the major components of the Hub will be the Genaro Accelerator, a resident incubation and acceleration platform that will support the creation of the DAPPS that utilize the Genaro Network. It will provide mentorship, technical expertise, marketing support, and community funding to allow the teams and projects to flourish.
3. Genaro Decentralized Storage Network
The Genaro Network has the following three key features:
Genaro is a Decentralized and Secure Storage System
Genaro’s network stores important data for DAPPs and, for individuals, stores files including photos, videos, documents and all other kinds of data, through decentralized networks instead of centralized services. Since data stored on Genaro’s network is both encrypted and separated into pieces that are randomly distributed to nodes managed by the Genaro blockchain, no one can read or rewrite your data without your private key. Moreover, you can set precise security configurations according to your desired data security level.
Genaro is a Permanent and Efficient Server
The Genaro Network stores your data on multiple nodes of a blockchain instead of on a single node. This procedure ensures all your data is retrievable at any time without the possibility of data loss. Also, Genaro always tries to find the nodes nearest to you to store your data. Thus, you can access your data much more efficiently than from a remote central processing unit.
Genaro is a More Affordable Storage Solution
For the usage price, Genaro will be cheaper than centralized storage service companies like Google Drive, Dropbox or Ali Yun. This is because Genaro network opens a fully competitive market for storage and frees unused storage space across the entire domain of Genaro network personal users and the excess storage and bandwidth of a variety of commercial providers. Centralized storage companies have to host a large number of centralized processors and storage units at both a high fixed cost for hardware and high variable cost for service, electricity and network bandwidth. Genaro takes advantage of unused storage (and distributes costs for electricity and bandwidth), across the community’s devices as well as excess capacity from commercial service providers.
To classify Genaro Network design logic and target users briefly:
- Storage Sharer: all individuals can become a storage sharer and share their unused storage to earn GNX in reward.
- Challenger: Challengers can share their computing power to earn GNX as reward, the computing power is used for both SPoR (Sentinel Proof of Retrievability) and PoS (Proof of Stake). A Genaro challenger is like a Bitcoin or Ethereum miner. The SPoR process also helps to choose the “stake node” for PoS process.
- Storage User: all individuals can use Genaro Network as personal storage, by doing so, they need to pay both the Challenger and Storage Sharer GNX as fees.
- Developer: A developer could build applications on Genaro Network by deploying smart contract on Genaro Public chain and store user data on Genaro decentralized storage, by doing so, developer needs to pay both Challenger and Storage Sharer fees.
https://genaro.network/en/documentation/whitepaper