Genaro - Blockchain 3.0 Revolution

Posted 2021-04-29 Genaro

- Blockchain 3.0 Ecosystem Concept -

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■ In 2009, in the blockchain 1.0 era, Bitcoin featured decentralized digital currency.

 

■ In 2015, in the blockchain 2.0 era, Ethereum featured smart contracts.

 

■ In 2016，Genaro proposed the blockchain 3.0 concept, blockchain plus storage. Only when a blockchain is able to store and analyze big data in the real world can Decentralized Applications be as useful as Internet Applications.

Genaro Network is the first Turing Complete Public Chain + Decentralized Storage Network，a one-stop solution to deploy smart contracts and store data simultaneously.

1. Genaro’s decentralized storage network creatively uses SPoR (Sentinel Proof of Retrievability) as consensus to increase scalability and speed. User data is cut into pieces, encrypted and stored redundantly onto decentralized nodes.

2. The Genaro pubic chain uses PoS (Proof of Stake) as consensus and each block is generated by storage activities. Storage and transaction receipts are made and proved on blocks.

Meanwhile, Genaro is a sharing community to provide end users with a private, efficient, economic, secure and permanent storage space.

Any DAPPs needing storage could be built on Genaro Network and use the Genaro Token, such as Decentralized Cryptocurrency Wallets and Exchanges, Artificial Intelligence Applications and so on. Genaro is the revolution to move data from "Cloud" to "Blockchain”. 

Through the Genaro Hub and Accelerator, we aim to foster thousands of DAPPS. Genaro is a new, fair and open social innovation community dedicated to blockchain 3.0 infrastructure development.