The Genaro Network’s Big Bang!
Poised to Make an Impact: Genaro’s Dual-Strata Architecture, Dual-Consensus Mechanism and Smart Data Ecosystem All Ready to Launch
Author: Sophia and Luke
Since the completion of Eden and Sharer in March 2018, the Genaro Network has been laying a solid foundation for the future–upgrading the software, enhancing the brand, developing the public chain and generally taking on every responsibility involved in building a smart data ecology from scratch.
Big things are on the way!
Things that mean Genaro’s team will soon rank among the most pragmatic and creative development teams in the blockchain world. Things that mean placing one single node on the Genaro Network will bring multiple benefits to the node maker and to data owners in the community.
Soon, creating a node for Genaro will transform your spare hard drive space into a streamlined component in a breakthrough storage system, letting people, companies and DApp developers alike keep their data safe and organized.
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A sense of build-up is now part of the routine.
The Genaro workspace occupies several floors of a newly renovated, century-old building by the Shanghai Bund waterfront. This area still holds great resonance for foreign visitors, Chinese travellers and locals. For instance, right across from the Bund is Lujiazui, the new financial quarter whose silhouette is synonymous with the ultra-modern side of China’s busiest city.
Working hard each day and sometimes into the night we find most of the same faces as last year, but with added talent as the drive to launch gathers pace.
An expanded team had already taken shape before Genaro left the previous space to set up here. All the same core people are present: engineers, designers, community managers and interns. But as Shanghai enters a mid-summer heatwave, there is a greater sense of confidence and urgency.
That is because in the coming months the Genaro Network will start to transform both smart data storage and the emergent blockchain realm at once, and everyone involved is playing an indispensable role in the transformation.
The technical Yellow Book, jointly written with a famous university laboratory, was released on 30 July. Dozens of engineers are also working intensively on aspects of the new product. From the GVM (Genaro Virtual Machine) to the consensus governance structure, an architecture incorporating six major technological innovations has already been tested internally. The Genaro Sentinel 101 Node Competition is ready to go. A redesigned website and a new phase of writing, lecturing and media appearances are also in the works.
This summer and fall are going to be exciting times.
Let’s lay out the underlying reasons for our team’s confidence.
What is our Dual-Strata Architecture?
What does a ‘Dual-Consensus Mechanism’ do?
Dual-Strata Architecture means that both decentralized cloud storage and a public blockchain together form the underlying technology for the Genaro Network. The Dual-Consensus Mechanism is key to the functionality of the chain: Genaro’s original SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) preserve the integrity of the chain data and the stored data, allowing people to keep, access and alter their information securely.
It is also a sustainable form of consensus, one that yields environmental benefits thanks to low energy consumption, all while improving performance and ensuring safety.
The public chain utilized by Bitcoin, which relies on PoW consensus, is less useful in a number of ways. It only plays the role of a sophisticated account book. It has no actual function beyond that, so the calculations made by it waste a lot of electricity for a limited benefit. As we can deploy a reduced-energy blockchain though the simple adoption of a PoS consensus, the choice between the mechanisms seems simple. At the same time we are well aware that it is difficult to avoid certain security problems in PoS, such as the famous Nothing at Stake and Long Range attacks.
After careful study of the existing PoS mechanisms, Genaro invented the Sentinel Proof of Retrievability (SPoR). This can be seen as a ‘mini-PoW’ that relies on meaningful calculations and data retrieval proof.PoR is a proven algorithm in the storage field, and our research shows that its introduction into the blockchain system will enable an entirely novel form of consensus.
Genaro doesn’t seek to replace PoW or PoS with SPoR. In fact, Genaro’s mixed consensus mechanism takes PoS as the main body, while SPoR is mainly used to require nodes to contribute computing power, storage space and other resources to strengthen the “defense” of the PoS consensus. While access is proportional to stake, competitive elements also recall PoW. The hybrid consensus introduces extra dimensions to PoS, especially storage, to make the whole system secure while improving performance.
How will the Genaro Network nourish a Smart Data Ecosystem for DApps?
Genaro is a public chain that combines peer-to-peer storage with core cryptography. On the surface, Genaro provides a one-stop development platform for developers to deploy smart contracts and store data for Decentralized Applications (DApps). At a deeper level, all of the original data lies securely encrypted, only reachable via the data “island” of blockchain which can itself only be accessed by a private key. The design intention is to let the encrypted data be shared, empower users with different data rights, and finally unleash a generation of DApps based on the public chain.
So far, most DApps have focused on trading markets, predictions and games. However, two data-related features have not been satisfied: First, the size of data on the chain is limited, and second, data outside the chain cannot be used directly. Therefore, DApps cannot be seen everywhere in the manner of mobile phone or web Apps, and blockchain’s applications are relatively simple.
The emergence of Genaro solves this pain point by perfectly combining a distributed storage network and public chain. It is as if an operating system were equipped with a hard disk and assembled into a complete “cloud computer” defended by a public blockchain. The making, distribution and operation of DApps will become a much more logical process. We have reason to believe that the migration of the Internet to the blockchain is on the way in the wake of the breakthroughs already achieved by the founders and team.
Why build a Smart Data Ecosystem?
Because the big data era has concentrated the value of data in the hands of a few people. On the one hand, it is difficult to extract the full value of the data created online, and also difficult to regulate. Data trading has taken place in a gray area for years. On the other hand, those harvesting and collecting data are not trusted. We’ve been selling our data without realizing it while using the convenient and free services provided by giants like Facebook.
The combination of big data and Artificial Intelligence (AI) is bound to be a source of potential benefit and also danger. In an interview with Genaro founder Larry Liu, he said, “Big data itself is neutral. It lies there like a powerful weapon that can be used to keep the peace or to destroy the world. But artificial intelligence magnifies the power of weapons and then things can get out of control–for example, there are numerous instances of the abuse of data. We have seen the use of big data to interfere with the U.S. presidential election. Centralized AI may even replace humans in the future as some experts expect. Therefore, AI should not be applied to large data directly, but applied through the blockchain, a trusted system that protects privacy, to locate the value in every piece of data and build an intelligent data sharing community.”
The Internet as it is cannot guarantee a more evolved data sharing community. This can only be realized in the next iteration via blockchain. We live in an age of information and data economy, in which each unit of data created makes value. In the future, everyone may well have their own AI, instead of a centralized AI across the whole network. Everyone’s AI will make full use of the value of their own data, helping them fulfill an array of needs while adding benefits–from smarter shopping to getting rewards by sharing data. Meanwhile, blockchain technology will guarantee the privacy of data in the whole process.
So how to achieve this? Genaro has designed a protocol called GSOIP to create data channels between blockchains and the ‘real’ or ‘offchain’ world. We pass the data through a protocol and synchronize it to the online chain by isomorphism. Simply put, it gives a channel to the data to move ‘onchain’ from offchain. The user simply initializes the data on Genaro.
Meanwhile, penalties and rewards are applied where needed through online chain governance. Onchain governance is conducted fairly and openly based on users’ contributions to the storage network and the stability of the community. Ownership of the data is always in the hands of individuals who own private keys. Even if it is used and modified through the chain, this is done via encryption. Next, the Genaro public chain based on anonymous data will support operations including complex calculations such as machine learning. At the same time, rewards dispense automatically and fairly through smart contracts, thus releasing the unlimited potential of the entire network’s data.
Larry Liu has also stated that, “The past decade has seen the fulfillment of blockchain’s mission as a ledger, and the era of blockchain as a carrier of intelligent data has only just begun.”
This is the Genaro Network.
· The first smart data ecosystem with Dual-Strata Architecture
· The first consensus mechanism to combine SPoR and PoS
· The first public chain to fully unleash the value of off-chain data
“Re-organize the Present, Create the Future”
About Genaro Network
The Genaro Network is the first smart data ecosystem with a Dual-Strata Architecture, integrating a public blockchain with decentralized storage. Genaro pioneered the combination of SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) to form a new consensus mechanism, ensuring stronger performance, better security and a more sustainable blockchain infrastructure. Genaro provides developers with a one-stop platform to deploy smart contracts and store the data needed by DAPPs simultaneously. Genaro Network’s mission is to ensure the secure migration of the core Internet infrastructure to the blockchain.
Official Telegram Community: https://t.me/GenaroNetworkOfficial
Telegram Community (Russian): https://t.me/GenaroNetworkOfficial_Rus
Genaro Telegram Journal: https://t.me/genaronetworknews
