Public chain and decentralized storage network for blockchain applications
- ICO start: 17. Nov 2017
- ICO end: 30. Nov 2017
Technology: Ethereum blockchain
Genaro ICO Short Review
Genaro Network is a global blockchain ecosystem development project based in Singapore. Genaro has pioneered the concept of Blockchain 3.0, a platform built around the first Turing-complete public chain with decentralized storage network. This means blockchain developers have a one-stop solution to deploy smart contracts and store data simultaneously. The technological ecosystem will contribute to blockchain infrastructure technology development and is supported by a series of Hubs with an in-house Accelerator, being established in Singapore, Shanghai, and Silicon Valley. This combined system of technology standards and infrastructure will enable incubation of hundreds, and then thousands, of decentralized applications (DAPPs) built on the Genaro Network, becoming the first app store of the blockchain. The Genaro Public Chain uses PoS (Proof of Stake) as consensus, and creatively uses the SPoR (Sentinel Proof of Retrievability) algorithm as its storage consensus, which could increase both public chain scalability and file transferring speed. Moreover, Genaro applies game theory to a sharing economy business model, thereby establishing a fairer rewards system for nodes and provides end users with a private, efficient, economic, secure and permanent storage space and sharing community.