ABOUT GMB PLATFORM

GMB Official
Sep 4, 2018 · 5 min read

GMB Platform consists of a dual coin system based on fast speed. It’s a blockchain platform aimed to be used in real life through SPACE Dapps from various industries and GMB DEX.

Among many SPACE Dapps soon to come, the very first to be released is TravelSpace. You can now travel while enjoying profits. The dual-cryptocurrency within GMB Platform will connect into real life.

The GMB team has analyzed and pondered long and hard about the problems of cryptocurrency and why it’s difficult to use. GMB is a platform built to solve such problems and to use cryptocurrency in real life.

Problems of Using Current Cryptocurrency

  1. Slow TPS — The troublesome problem that many blockchain-based cryptocurrency companies keep facing, is the slow TPS (Transactions Per Second). Because the speed of TPS is slow, there are limitations in scalability. Recently, Zilliqa came up with the goal of solving Ethereum’s problem of scalability and implementing fast TPS through a technology called Sharding. If cryptocurrency continues to fail in solving the slow speed issue, there will be limits to it being accepted as an actual payment method. GMB eliminates the fundamental problem of existing companies’ insistence on solving only software, and introduces high-speed hardware into software, which solves the problem of speed that blockchains keep suffering from.
  2. Price Volatility — You may have seen a lot of news articles saying that the sudden price volatility of cryptocurrency prevents you from making payments. The dual-coin system developed by GMB that consists of Master Coin and Branch Coin. Master Coin is listed on the global exchange while holding asset value and possessing price volatility. Branch Coin is a stable coin that is fixed with no price volatility similar to the concept of fiat currency. Price volatility must not exist for cryptocurrency to be recognized as a payment method. GMB’s Branch Coin can be used as payment as it is linked to each country’s fiat currency. This can all be done with the realization of GMB DEX (Decentralized Exchange). We pursue a system that enables payment with only one QR Code. You can use Branch Coin to pay for services and items and exchange the remaining Branch Coin with Master Coin to obtain more profit. When you travel to another country, you can also exchange your Branch Coins with the country’s affiliated Branch Coins, so that you can enjoy traveling without any unnecessary exchanges. On top of that, it will also be possible to exchange your Branch Coins with their fiat currency. If all of this becomes realized, it would become the most convenient system to use without any borders or limits. Everyone can benefit from a much cheaper fee than a credit card.
  3. Lack of Environment for Usage — SPACE Dapp, which forms the ecosystem of GMB, is interconnected via GMB DEX. The very first SPACE Dapp that you will experience is TravelSpace, a travel-based community service. After your trip, you can create a variety of travel-related content, such as reviews, photos, and videos, and receive GMB Coins as a reward. Every traveler using TravelSpace has the right to be rewarded for the content they create. You will be able to experience TravelSpace on GMB Platform.

Features of GMB Platform

  1. Fast Speed — GMB is being developed with the goal of 1 million TPS. How is 1 million TPS possible you ask? Current blockchain cryptocurrency companies have yet to solve the ongoing problem of slow TPS because they keep sticking to only software. If you imagine yourself pouring a considerable amount of sand into a physically narrow funnel, the speed at which the sand comes out from the bottom is sure to be slow. GMB solves the fundamental speed issue not by sticking to only software, but by combining high-speed hardware with software, which is known as Mikkschain technology (Mikkschain was named after the CTO of GMB). Through this, our platform is being developed with a target speed of 1 million TPS, all the while aiming to be the fastest cryptocurrency.
  2. Dual Coins — There are two coins in GMB Platform. One is called Master Coin, which is listed on the global exchange and is a coin with price volatility exactly like the cryptocurrency that we are aware of. The second one is called Branch Coin, which is designed to best be used as a means of payment as the fixed-price coin is linked to the fiat currency of each country with a value of 1:1. Users of GMB Platform can experience two systems through GMB DEX that allow them to pay with Branch Coin as well as convert into Master Coin for cryptocurrency investment. We also applied for patents on the dual-coin system.
  3. GMB DEX — Decentralized Exchange, our own exchange, refers to a trading system that allows exchange between Master and Branch Coins, purchasing of Branch Coins, as well as payment with Branch Coins.
  4. PoPS Consensus Algorithm — We are developing our Mainnet. Block generation and compensation system are based on a self-consensus protocol known as PoPS (Proof of Power Specification and Stake). The GMB team has improved the problem of DPoS’ centralization and the slow speed of PoS through PoPS. We have adopted a more advanced consensus method as a consensus algorithm where anyone can participate in block generation if the hardware specifications are met and can be compensated by reserving stakes in the hardware.
  5. GMB’s Smart Contract — There are a lot of bugs in Ethereum’s Smart Contract. If you are not a developer who has learned programming and have a lot of vulnerabilities, then accessibility is significantly reduced. However, GMB’s Smart Contract will provide an object-oriented smart contract to give you an easier experience even if you’re not a developer who has significant programming knowledge. It is a service that allows you to create your own smart contracts through simple dragging without any need for coding.
  6. SPACE Dapp (#1 TravelSpace) — As the first of many SPACE Dapps on GMB’s Mainnet, TravelSpace is a travel-based community service that can realize a truly shared economy. By providing good information, such as your travel photos, videos, and other content, to the next traveler, you will be rewarded with GMB Coins. You will then be able to use those rewarded GMB Coins in real life. An easy user experience and a travel-based profit sharing platform will increase the value of GMB. We have already partnered with companies from 18 different countries that are willing to put this service to use.

For more information, check our website at gmbplatform.io and follow us on our social media.

GMB Platform

GMB is the fastest blockchain platform with dual-cryptocurrencies that can be connected into the real world!

GMB Official

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GMB is the fastest blockchain platform with dual-cryptocurrencies that can be connected into the real world! Check out more at gmbplatform.io

GMB Platform

GMB is the fastest blockchain platform with dual-cryptocurrencies that can be connected into the real world!

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