ORBITS NETWORK

in #blockchain5 years ago
  1. What's Orbits Network?
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    The Orbits Network is Grabity`s decentralized main net that draws a truly distributed P2P network by utilizing all idle computer resources that are wired/wirelessly connect. Transactions from Orbits Network are managed efficiently through Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, Smart Contracts and Resource Files can be stored in separate portions into each node by using the distributed storage technology. Then, Defrag Function technology can recall each segment and execute in a streaming format.

  2. Architecture
    Network layer: P2P-based overlay network. Verify and then propagate the transactions between nodes through the layer. The principal is to make the most use of basic network bandwidth.
    Data Layer: Blockchain data structure and physical storage space. Includes Merkle Tree, Hash Function, Data Block, digital sign and etc. that store blocks and DApp files containing the transaction history.
    Consensus Layer: Node that generates a transaction directly verifies its own transaction, and the transaction that has been verified by majority of certain nearby nodes is generated as a block. This is distributed to other nodes, and if there are any nodes that is determined to be malicious attacks, the transaction details are initialized and synchronized to the verified transaction details.
    Application Layer: Provide the application interface on top of the Blockchain. Smart Contracts, virtual machines, DApp, etc. are included and directly linked between the data users.
    Management Layer: Toolkit and SDK are provided to form the development of ecosystem and located the 3rd Party.

  3. Vision
    Anyone can share computer resources through already-possessed idle devices such as smartphones, tablets or PCS, and will be able to contribute in building public Blockchain and transform the Internet paradigm from a centralized system to a distributed network.

Grabity is a public Blockchain project, for the transformation of the Internet paradigm from centralized network to a distributed network. Current hardware performance has improved dramatically, even enough for smartphones to have better performance than previous servers. However, it does not use 100% of storage space or computing power. Anyone can share computer resources through already-possessed idle devices such as smartphones, tablets, and PCs, and users can receive rewards as much as they provide resources, and DApp developers can use the shared computer resources to operate services at a lower cost. When the Grabity project reaches the commercialization stage, anyone will be able to make the use of distributed nodes to switch the Internet paradigm.

  1. Planet Wallet
    Planet Wallet is the node client and official wallet of the Orbits Network. In order to secure the users, Planet Wallet will be released before the launch of the main net with the function of transferring token conveniently through mobile phone number, along with storing and transferring token in the application between exchanges. After the main net launch, node application function and DApp Store will be added.

  2. DApp
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    The value of the main net depends on the number of DApp. Most DApp users come from existing application users, so Grabity provides a familiar DApp Store for existing application users. Since the essential requirement to use DApp is the unrestricted storage space and transaction of tokens, DApp Store will be released on PC and mobile versions associated with other wallets and exchanges. The DApp Store is classified into various categories such as game, finance, social networking, media, health, education, music, etc. and the ranking system is based on an algorithm that comprehensively consider daily average number of users, satisfaction, transaction, and development.

  3. Grabity Ecosystem
    The Grabity ecosystem consists of nodes, community, DApp, and platforms and each institute contributes to the ecosystem based on the token economy. We present the token economy and various requirements for the ecosystem to function and develop as follows.

  4. Token Economy
    The consumers of computer resources can use the Orbits Network using GBT for less than the cost of building or maintaining existing servers, and the provider of computer resources can obtain GBT by providing Orbits Network with idle resources or extra devices of their own devices.
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  5. Token Sale
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  6. Token Distribution
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More details about the project:
Website: https://grabity.io

Whitepaper: https://github.com/grabityorg/WhitePaper/blob/master/Eng.MD

Facebook: https://www.facebook.com/Grabity.io/

Twitter: https://twitter.com/grabityofficial

Telegram: https://t.me/Grabityio

** Author: Xiaohuynh

Bitcointalk username: xiaohuynh

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1981533

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