New Paradigm of Internet
WHAT IS ORBITS NETWORK?
The Orbits Network is Grabity`s decentralized main net that draw a truly distributed P2P network by utilizing all wired/wirelessly connected idle computer resources. Transactions from Orbits Network are managed efficiently through using Genesis Hoisting technology, which can process transactions simultaneously and quickly. In addition, Smart Contract and resource files can be stored in separate portions into each by using the distributed storage technology and Defrag Function technology that can recall each part and execute in a streaming format.
The sequential transaction-processing structure has limitations in the processing speed that cause problems in scalability. The fundamental way to address scalability issue is to handle simultaneous transactions. The simultaneous transaction processing is to be implemented on the Orbits Network and is in a producer-structure in which a node becomes the transaction generating, processing and verifying user. This solves the problem of scalability because the number of nodes that process and verify transaction also increases as the number of transactions increases, unlike the existing methods in which the network is overloaded as the number of transactions increases. The simultaneous transaction processing structure overcomes the need to collect and process transactions, creating a single block at the same time as generating a transaction and storing it in each node, that is responsible for processing including itself when the block is validated.
As the current Blockchain structure grows over time, the size of the distributed storage accumulated in each node increases equally, thus reducing the efficiency of the entire network and reducing node scalability. However, it is essential that many nodes participate freely in order to commercialize the Blockchain. Genesis Hoisting was devised for this purpose. Genesis Hoisting is a technology that sets up the distributed ledger and transfer all blocks to the super node when the storage space of the devices of each node reaches a certain amount. The term Genesis Hoisting is used to refer to the process of overwriting file after the calculation of providing a block index number that is one higher than the existing block in the process of overwriting the file after calculation.
Defrag Function is a technology that can recall distributed DApp source files in real-time streaming format. The distributed storage of the functions, that comprise the program source and the basic unit, prevent modulation by comparing the hash values of the functions with other nodes. Because Defrag function does not need to save all the original source files, it does not need to save functions that are not used or used infrequently, thus reducing the burden on storage space and keeping the network efficient.
Current DApps store database in the Blockchain and the source files are stored on a central server. Due to the fundamental limitations of the Blockchain technology and communication technology, it operates in a hybrid structure. This structure can be protected through Blockchain to some extent but is still at a vulnerable state, but when the central server becomes disabled, the whole system will collapse. A truly distributed application should allow source files to operate and store in distribution. However, an efficient storage system and processing system is needed in managing the source files in the Blockchain because the capacity increases exponentially. Unlike the existing structure in which functions are stored in the entire memory and reading the contents of a particular function, the program source on the Orbits Network have their functions hashed and stored in basic units.
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.
GBT TOKEN ECONOMY
The Token Economy of the Orbits Network provide value through interaction by distribution of tokens that participate as token consumer and node, such as consumers of computer resources, platform users, ICO participants, node that desires more reward, and providers of computer resources and obtains GBT as reward. 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.
70% Token Generation Events
15% Grabity Team
10% marketing, Bounty, Airdrop
5% Partner, Advisor
Use of Funds
10% Business Development
Smart contract Deploy
ERC20 based Token issue
Network Layer Development
(P2P-based overlay network)
Planet Wallet Launching
Data Layer Development
Consensus Layer Development
Toolkit & SDK Development
Block Explorer Development
Application Layer Development
Management Layer Development
Orbits Network Launching
GBT-based DEX, DApp Store Launching
For More Information Click Link Bellow:
- Website: https://grabity.io/
- Whitepaper: https://github.com/grabityorg
- Telegram: https://t.me/GrabityENG
- Facebook: https://www.facebook.com/Grabity.io
- Twitter: https://twitter.com/GrabityOfficial
Author: Foto lama