Review on GoNetwork by Saleh Bayramli

Gonetwork , Ethereum for the correction and scaling issues Etherea network mobile-focused aims to build low-cost and fast superhighway.

How did GoNetwork come about?

More than 400 Ethereum developers from all over the world held the ETHWaterloo meeting in Canada on October 13 - 15, 2017 . This meeting was an important 36 hour hackathon with Vitalik Buterin, Joseph Lubin and many other big names in the blockchain world. And the winners of this hackathon were actually the team that was the subject of this review, GoNetwork .

Ethereum is undoubtedly one of the most disruptive technologies the world has ever seen . But the truth is, the use cases as such are actually quite restrictive. Ethereum transactions are inherently processed on the blockchain and must be verified and issued before they can be confirmed.

This makes Ethereum very difficult to scale. For comparison, we can say that Ethereum can process 20 transactions per second, while VISA has a capacity of 56,000 transactions per second. To make matters worse, there is widespread speculation that Ethereum's price has skyrocketed to the point of being too expensive for smaller transactions.

The GoNetwork team brought solutions to these issues and attracted attention at this meeting. The GoNetwork solution solves this problem by allowing off-chain transactions. I don't want to overwhelm the article with technical issues by mentioning how to do this technically. Concerned to run Gonetwork Whitepaper 'a can get extensive information look ...

GoNetwork Master Plan:

1) Building the infrastructure that scales Ethereum to huge transactions per second.

2) GoExchange, the virtual goods trading platform that will demonstrate the capacity of the GoNetwork infrastructure.

3) Developing the GoNetwork mobile product for the mobile economy and commerce market.

GoNetwork Token

Toplam Token: 100.000.000 GOT

Circulating Token: 50,000,000 GOT

ICO Token Price 1 GOT = 0.45 USD – 0.94 USD (0.00202992 ETH)

Consensus Mechanism: PoW/PoS

Algorithm: Scrypt

Click for current price and market information .

Token Distribution: 50% ICO sale | 25% Team | 20% ecosystem marketing | 5% Advisors

!!! My comment: I think the 25% reserved for the GoNetwork ICO team is particularly high for a utility token.

GoNetwork Team

The team behind GoNetwork is undeniably a top-notch team with deep expertise in mobile development and software architecture. But the same cannot be said about blockchain.

Rashid Khan , founder of Infinidy Corp, one of the leading Canadian game development studios. He graduated from the University of Waterloo in Ontario, Canada. He created the biggest iOS theme park simulator called Happy Park. 15 million people downloaded the game Infinidy! YCombinator was selected for a personal interview in Mountain View, California.

CTO Amit Shah , Software Architect and Block Specialist. He graduated from the University of Toronto, Ontario, Canada. Oriented to scientific research and development, he worked at BlueRover as vice president of software architecture R&D. He has worked on several open source projects based on Ethereum.

Xun Kai graduated with honors in software engineering from the University of Waterloo in Ontario, Canada. The co-founder of Xun and CTO of Infinidy Corp. is an entrepreneur who creates products that are used by millions of people and have acquired a large base of active users.

The rest of the team members are well qualified in their fields. However, one thing that caught my attention is that for a team trying to tackle such a fundamental aspect of the infrastructure of the Ethereum network, seeing more blockchain-related talent and experience on the staff will encourage crypto enthusiasts to invest in GoNetwork.

GoNetwork Results Evaluation

The task at hand is undeniably enormous. Scaling the Ethereum platform is considered one of the biggest challenges the blockchain community will witness in the coming months.

The roadmap and timeline have some question marks given the team's limited experience in blockchain-related development. No matter how experienced the main developers are, I think such a big task can be done with more team members and experienced developers. But it is a worthwhile and remarkable project to pursue. It is not a long-term investment project as it has big goals and things that can be done in the long term.