Genaro Network

Genaro Network

GNX
$0.000795955%-6.55

Key Metrics

Price$0.000795955
Real Volume (24H)$246.51
Marketcap$517,370.67
Fully Diluted ValuationN/A
ATH$1.17
ATH Date1/9/2018, 3:00:00 AM
ATL$0.0015135
ATL Date12/20/2022, 7:25:46 PM
Circulating Supply304M
Total Supply675M
WebsiteN/A
WhitepaperN/A
Popularity Rank2821
Chart
What is Genaro Network?

Genaro Network (GNX) is a decentralized two-tier ecosystem that fuses public blockchain with decentralized storage, which provides a more secure, sustainable, and reliable platform. The goal of Genaro is to build a robust infrastructure that combines SPoR (Sentinel Proof of Retrievability) and PoS (Proof of Stake) mechanisms to form a new consensus mechanism that will ensure better performance, greater security, and a sustainable blockchain infrastructure. Using a combination of PoS and SPoR, the platform increases the ability to protect against replay attacks, and it enables users to share data and create Dapps while providing stable support.

The platform provides developers with a platform to store information needed by Dapps and deploy smart contracts. GNX also aims to make decentralized applications as functional as internet applications and pave the way for the next generation of blockchain apps. The platform also plans to analyze different attacks on PoS and develop schemes to design a chain-style PoS for better management structure. The proof of data integrity combines with PoS to provide efficient defense against significant issues in PoS, and the platform aims to develop the GSIOP protocol that will settle various data usage layers due to up-to-date storage encryption methods.

GNX is the official cryptocurrency of the Genaro Network, and it is an ERC-20 token. The token is used in various collaborations to improve the liquidity of GNX. It aims to provide utility for community construction and development, research and development of self-built applications, public-chain-related tools, and accept future strategic investments. GNX also serves as a utility token to incentivize and encourage talented people to join the Genaro team as full-time members, part-time members, business consultants, academic consultants, legal counsel, financial, business development, and marketing consultants.

The Genaro Network was conceptualized in 2016, and the Epilson Plan of Genaro Network marked the completion of the global round of the token sale in 2017. In 2017, the Romulus plan debuted the first peer-to-peer storage Dapp of its kind in Asia.

In conclusion, Genaro Network (GNX) is a decentralized ecosystem that provides a new consensus mechanism to enhance blockchain performance, security, and sustainability. With its combination of PoS and SPoR mechanisms, developers and users can enjoy a more reliable and secure platform. With its official cryptocurrency, GNX, the platform aims to improve its liquidity while incentivizing and encouraging talented people to join the Genaro team. The Genaro Network has a rich history of innovative ideas, and it remains committed to providing robust and secure infrastructure for developers and users.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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