What is Grabity Project?

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 transa

Posted December 12,2018 in Science and Technology.

tinh khuat
40 Followers 14 Views

What is Grabity Project?

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.

TheGrabity Ecosystemconsists of nodes, communities, DApp, and platforms, and each institution contributes to the ecosystem based on economic tokens. We present the token economy and various requirements for the ecosystem to function and develop as follows.

Network layer:P2P-based overlay network. Verify and then spread transactions between nodes through layers. The principle is to use the most basic network bandwidth.

Data layer:Blockchain data structure and physical storage space. Including Merkle Tree, Hash Function, Data Block, digital sign and others that store blocks and DApp files that contain transaction history.

Agreement Layer:Nodes that generate transactions directly verify transactions themselves, and transactions that have been verified by most of the closest nodes are generated as blocks. This is distributed to other nodes, and if a node is set to be a malicious attack, transaction details are initialized and synchronized with verified transaction details.

Application Layer:Provide an application interface on the Blockchain. Smart contracts, virtual machines, DApp, etc. Included and connected directly between data users.

Layer of Management:Toolkit and SDK are provided to form ecosystem development and place 3rd Parties.

Grabity's Vision:

Anyone can share computer resources through already-possessed idle devices such as smartphones, tablets or PCS, and will be able to contribute in building public Blockchain and transform the Internet paradigm from a centralized system to a distributed network.

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.

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. We present the token economy and various requirements for the ecosystem to function and develop as follows.

Token Economy

Demand for GBT

  1. Consumers who need computer resources should purchase GBT.
  2. Need to purchase GBT to participate the in the ICO on the Orbits Network-based DApp
  3. GBT is DApp's main currency, and if DApp's users increase, demand can increase.
  4. 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.

Supply of GBT

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.

GBT ecosystem entry incentives

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.

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.

Orbits Network:

Architecture:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. Management Layer: Toolkit and SDK are provided to form the development of ecosystem and located the 3rd Party.

Nodes:

Super node: Node that possess all transaction details and resource files. Super node guarantees data integrity, synchronizes the micro node and the macro node, and sends hash codes to the micro node and the macro node to determine whether the file is forged or falsified when accessing the Smart Contract.

Macro node: Node that participate in Orbits Network to obtain GBT. Macro node processes and verifies other nodes transactions, and stores and provides source files.

Micro node: Node that shares transaction history and simultaneously processes and verify its own transactions and others' transactions.

Features:

The main features of the Orbits Network consist of four things: Simultaneous Transaction, Distributed Storage, Genesis Hoisting and Defragment Function.

Team:

Advisors:

Roadmap:

2018 Q4Smart contract Deploy

ERC20 based Token issue

GBT Pre-Sale

2019 Q1Network Layer Development

(P2P-based overlay network)

Planet Wallet Launching

GBT Public-Sale

2019 Q2Data Layer Development

Consensus Layer Development

2019 Q3Testnet Launching

Toolkit SDK Development

Block Explorer Development

2019 Q4Application Layer Development

2020 Q1Management Layer Development

2020 Q2Orbits Network Launching

GBT-based DEX, DApp Store Launching

Token Sale Detail:

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%

For more information:

WEBSITE:https://grabity.io

WHITEPAPER:https://github.com/grabityorg

TOKEN SALE:https://grabity.io/sale

TWITTER:https://twitter.com/GrabityOfficial

MEDIUM:https://medium.com/grabityio

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

YOUTUBE:https://www.youtube.com/channel/UCLNbf55ckVw37CC3CnuEYbw?view_as=subscriber

REDDIT:https://www.reddit.com/user/GrabityOfficial

TELEGRAM:https://t.me/GrabityENG

STEEM:https://steemit.com/@grabity

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373

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