Available Tokens for sale 50 % GoNetwork has recently won ETH Waterloo 2018 Hackathon competition.
There are also ample screenshots taken from Telegram conversations with the GoNetwork team, and their response has been unsatisfactory, to say the least. Gonetwork multifaceted network looks forward to the partnership with government and business bodies who are interested in upscaling their investment with blockchain. Disclosure, I will be compensated in GoTokens for providing advisory and consulting services to the GoNetwork team. The GoNetwork team’s name gained prominence when they won the ETHWaterloo hackathon, allegedly the world’s largest Ethereum hackathon.
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The first, light version of the platform, will allow to carry out fast mobile transactions of ethereum, in the future the service will support all the most popular cryptocurrencies.
Obviously, the project for which they were awarded is in no way connected to GoNetwork, but it does give some credibility to the team and the developers. Introducing GoNetwork GoNetwork is creating a low-cost, low-latency and highly scalable network for Ethereum that can not only be used on desktops, but also on mobile and web platforms. As mentioned above, the GoNetwork team hasn’t made any updates to its code on GitHub for over three months now. • GoNetwork was a winner of ETHWaterloo which is a largest global Ethereum hackathon in the world, with the participants coming from 32 countries.
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The GoNetwork team claims that GoExchange already has an alpha (first release) version and have a link called ‘Try MVP’ on their website.
From the Winning Team at ETHWaterloo World’s Largest Ethereum Hackathon. GoNetwork has a straightforward idea; it’s GOT token is used to pay for the off-chain cost for the transaction. However, Infinidy Company, which is responsible for the project, has two products-the predecessors of GoNetwork – GoExchange and Pocket. Bitcointalk: 12 • Build a highly scalable, low-cost, low-latency first mobile network infrastructure for Ethereum.
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I do agree that the Ethereum, ERC20 tokens and cryptocurrencies in general require mobile accessibility and interoperability to gain mass adoption, as written in GoNetwork’s whitepaper.
GoNetwork is a low cost and highly scalable first mobile network infrastructure for Ethereum. The team behind GoNetwork sees mobile accessibility and interoperability as the keys to achieving this. • First use case for GoNetwork will be GoExchange; a scalable decentralized e-commerce platform for the virtual goods marketplace. Scalability for mobile computing, variable smart contract execution, and off-chain scaling through the GoNetwork platform are all features of the project.
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The GoNetwork team should scale back its global ambitions before building a sustainable product.
With top-notch security features thanks to the blockchain technology, GoNetwork protects developers and users from fraud in trading. 2) Use GoNetwork to deliver a strong use case; GoExchange, a virtual goods commerce platform, that will show the capacity of the GoNetwork infrastructure. In a blog post announcing its ‘master plan’ for the project, GoNetwork links out to its ‘updated whitepaper’ for further details. The team intends to do this by creating a state channel off-chain network similar to the Raiden Network for Ethereum and the Lightning Network for Bitcoin.
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Features of the GoNetwork platform GoNetwork will use GoToken as the official medium of currency for the platform.
The team plan to achieve this by creating a network for off-chain transactions using state channels, the scalability concept similar to Raiden Network for Ethereum and Lightning Network for Bitcoin. The company’s prime objective is to build a mobile first network for Ethereum ERC20 tokens that is off chain. Prior to this, the GoNetwork team had created various mobile games, including Happy Park, a game that had once entered a weekly Top Ten list of top-grossing iOS games. But for the time-challenged among you, here’s a summary of the issues raised, and how the GoNetwork team has responded to them. GoNetwork seeks to adopt technologies and incentives to alleviate the limitations of mobile computing platforms, and hence making cryptocurrencies accessible to the masses. Some users on the Telegram chat received screenshots alleged showing co-founder Xun Cai, discuss how the GoNetwork ICO is, to put it bluntly, nothing but a moneymaking scheme.