Genaro Network – Revolution of Blockchain 3.0
Genaro Network aims to contribute to blockchain infrastructure technology development. Genaro provides a public blockchain and decentralized storage network to create the blockchain 3.0 ecosystem for Decentralized Applications to build on. Genaro creatively uses an SPoR algorithm as consensus mechanism, and game theory to give hosts and challengers their deserved rewards. Only when a blockchain is able to store and analyze big data in the real world can DAPPs be useful as internet APPs. Genaro is the revolution to move “Cloud” to “Blockchain”.
Genaro Network – Trusted storage for everyone
The Genaro community of users may utilize Genaro as their private and permanent cloud storage platform in a more efficient and affordable way than existing centralized approaches. Genaro Network is permanently online because of redundancy design and consistently fast because Genaro always tries to find the nodes nearest to you to store your data. What’s more, by using a sharing economy business model, Genaro releases the huge amount of unused storage space and therefore gives society a less wasteful, more sustainable solution in which everyone has a chance to gain from blockchain technology.
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.
Genaro Network Development Milestones
The Genaro idea was first proposed by co-founders Larry Liu and Waylon Wu in March, 2016. During the past one and half years, the Genaro Vulcan and Epsilon plans have been accomplished successfully. The Genaro team is now working on what are known as its Romulus plan and Eden plan – building the decentralized storage network for DAPPs and user friendly applications for users to share their unused storage space. Finally, the Genaro Altair plan will see the creation of the whole blockchain 3.0 ecosystem, where DAPPs can be easily deployed via the Genaro public chain and storage network.
Genaro Network Strategy Milestones
Genaro’s conceptual blockchain 3.0 model debuted to the public in Nov. 2016, at China Business Event’s Shanghai Fintech forum, where co-founder Larry Liu shared the basic framework. Then Genaro received seed funding from two of the top global blockchain supporters, BlockAsset and ChainBase, and has attracted thousands of supporters from all over world so far. In order to both develop its community and product faster, Genaro has decided to launch Genaro Support Program in October, 2017, where contributors could donate ETH/BTC and get GNX in return. For its future strategy, Genaro is building a “Genaro Hub” and “Genaro Accelerator” to incubate and support over 100 Decentralized Applications built on the Genaro Network.