When cloud storage first appeared, it was hailed as revolutionary, and even in the technological revolutions of today He is still playing his role. However, Genaro is of the opinion that data storage can move away from the cloud and join the latest technological move, the Blockchain.
Currently, public blockchains do not have the capacity to hold mass data, however, as they continue to expand, there is more room for construction. Looking at Bitcoin like what we might call Blockchain 1.0, there have been improvements in data processing, like Ethereum and its smart contracts, in what we might call Blockchain 2.0.
Genaro thinks it's version 3.0 of the Blockchain, creating an ecosystem around storage and intelligent contracts to technology, Blockchain, which already has a huge application
Becoming as useful as the Internet applications
Genaro says that the addition of mass storage and analysis of the Blockchain can help develop the flourishing Dapp industry. Currently, the decentralized applications are in a phase of evolution because they feel the ecosystem but a Blockchain with integrated storage solutions could propel things forward.
Internet applications currently dominate the market with their access to the internet and cloud storage. If the storage could be linked to the Blockchain, things could become much more uniform.
A Complete Public Turing Channel with a Decentralized Storage Network
Genaro presents itself as Turing's first full public channel. a fully integrated decentralized storage network. To this end, the Blockchain that they created enables the deployment of intelligent contracts and data storage together, rather than using one another through outdated methods, such as the cloud.
This becomes a very useful tool for developers trying to drive the Blockchain revolution as a missing piece of the puzzle in the development of the application can suddenly be realized.
Genaro plans to launch a number of hubs and accelerators in cities such as Singapore, Shanghai, Kiev and London, where there are growing Blockchain communities. Genaro's combined system of technology standards and meeting places will allow the incubation of hundreds, then thousands of DAPPs built on the Genaro network, potentially becoming the blockchain's first app store.
SPoR + PoS
By building this storage chain, Genaro worked in a unique technology, combining both proofs of participation, as well as Sentinel Proof of Retrievability for its storage consensus.
The public channel Genaro uses PoS (Proof of Stake) as a general consensus, but then adds the SPoR algorithm as a storage consensus, which could potentially increase the scalability of the public channel and the speed of file transfer.
Genaro applies game theory to an economic model of sharing economics, thereby establishing a more equitable rewards system for nodes and providing end users with secure and permanent storage space and sharing community
retrievability, and the challengers will become "staker" nodes for the PDS. This hybrid solution can make Genaro Network much more efficient than the current solutions offered by Ethereum, IPFS (or cloud and other storage providers) separately.
in addition to its storage capacity, as there are other alternatives, making the public channel – with built-in storage.
Finally, the Genaro Hub model is something that the company envisions as a combination of the best of coworking spaces, co-living and incubation. There, members of the Genaro community will be able to collaborate and co-create face-to-face with the worldwide user base and developers around the world.
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