Genesis Space (NES)

Next Generation Blockchain

Review Score
2.65/5
ICO Price
0.002295 USD
0.00001 ETH
Pre ICO Price
N/A
Soft Cap
N/A
Hard Cap
N/A
Start Date
4 August 2018
End Date
4 September 2018

What is Genesis Space?

 

  1. Consensus Protocol: DDPOS. High TPS; a balance between meritocracy and democracy; avoid becoming a dictatorship of the few.
  2. Sophisticated System Upgrading Mechanism: In the blockchain world, each upgrade is a hard fork. Due to all sorts of reasons, some users do not choose to upgrade their clients, thus detaching from the consensus with the latest clients and depreciating the value of the system. Genesis builds-in the functionality of voting, so that the upgrade will be automatically conducted when the majority of the community reaches a consensus. As a result, the value of the system will be inherited even after the system is upgraded.
  3. DApp Store (V1.0): In the traditional concept, main chain is akin to windows operating system, on which DApps are inconsistently scattered and disorganized. In Genesis, DApp Store is the entrance for all normal users, upon which developers and users must comply with certain rules and regulations. As a decentralized autonomous organization, the regulating system is decided and voted by community members. As for the original ruling principals, Genesis introduces a ranking mechanism similar to Reddit (ranked by users’ votes).
  4. Sidechain with Built-in Storage: Almost no existing blockchain infrastructure has any built-in storage functionality. Although platforms such as Storj and siacoin enable developer to store data, these chains are sophisticatedly designed, which are much more suitable for professional decentralized storage scenarios. However, Genesis sidechain has a built-in data storage economic system, which allows developers to call directly when they are developing applications in need of a huge database.
  5. Development Completed 30%: Coded through Rust. The programmed system is secure, concurrent and efficient. Framework Chain is estimated to launch by September 2018 and the testnet of the mainnet by December 2018.
  6. Compared with other public chains: As a blockchain operating system, Genesis is scalable through sidechains.

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