Are we already living in a Web3 world?
We are going through a strong bear market period. If stakeholders such as users and projects survive, they are predicted to have greater growth opportunities in the upcoming bull market.
This bear market is also an opportunity for traditional Web2 large company. This is because it is the best time to enter the Web3 market, which has experienced very rapid growth.
However, there are cases where large companies that have secured a large number of users in Web2 struggle in the Web3 market. Why?
Blockchain scalability problem
- Blockchain technology is needed to optimize data management and increase security, but may run into blockchain scalability issues. Because the fee and speed experience applied in Web2 can be frustrating with high fees and slow speed in Web3.
Generation’s solution
- It supports multi chains for free movement and protocol role between blockchains. Generation supports ERC20 and Polygon, as well as its own dapp protocol.
- GEN Protocol Mainnet is a solution that helps the practical use of blockchain technology through short block generation time and the edge nodes. In the same way as the Hyperledger blochain, the overall technology utilizes the blockchain as a tool to help improve technology, providing an opportunity for rapid mass adoption of various DApps from Web 2.0 to Web 3.0.
About Generation
Generation (GEN) is an interoperable protocol for extending the Web 3.0 ecosystem. GEN intends to actively support the three values of ‘freedom’, ‘sovereignty’, and ‘decentralization’ while composing the Web 3.0 ecosystem. The first ‘freedom’ guarantees ‘freedom’ of expression and the privacy of data by utilizing blockchain. The second ‘sovereignty’ allows users to strengthen and own the ‘data sovereignty’ in the Generation ecosystem in line with the Web 3.0 era and obtain rewards by using it. The third ‘decentralization’ utilizes Generation Protocol to operate decentralized networks and assets. Through these three values, users can experience the true Web 3.0 and become the members of GEN ecosystem.
Why Generation?
GEN utilizes the GEN Protocol to allow projects of various blockchain networks to solve the on-chain scalability trilemma of the blockchain network by utilizing the functions of GEN Protocol and Generation’s products, Pinetree Space and 3 Seconds Club. Participants can expand and complete the Web 3.0 ecosystem with users through fast transaction speed and payment.
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For more information or partnership inquiries, please contact us at contact@gen.foundation.
