Blasting technology has a good potential for turning any company into a long-term perspective. It is known that the introduction of cryptocurrency in any launching platform or ecosystem within the infrastructure of blockhouses allows you to change how people can safely make transactions on the Internet and on the ground without the need or have a third party. One of the main problems of blockchain technology and the use of crypto conversions is the speed and cost required to transmit ethereum or any cryptographic code based on ERC-20 from one location to another. Demand and other security attacks are one of the main catalysts and, perhaps, destroy every crypto user over time.
In addition, smartphone users on demand are increasing incredibly and are said to continue to double in the near future, According to recent independent research, average Internet users prefer Android-based smartphones and iOS devices as their primary communication tool on the World Wide Web. Using smartphones, users of a traditional desktop computer can now conduct transactions anywhere and anytime, without bringing too bulky devices.
Paid products inside each application and other mobile goods related to e-commerce, by 2021 will reach the level of a trillion market. But, despite the fact that smartphone users and the commercialization of mobile applications are growing on demand, the adaptation of Blockchain technology to mobile smartphones is still limited. This may be the main reason that the whole of the cryptocurrency is still considered by many as nothing more, but very lucrative and difficult.
The GoNetwork launch application plans to focus on the development of an e-commerce industry in a trillion dollars, using the convenience of using Ethereum for any mobile phone user anywhere. The GoNetwork development team aims to address the scalability and transaction costs and speed in ethereum and other markers based on erc-20. This approach is no longer limited only to desktop users, but soon the sale of the mobile smartphone industry is also worth a trillion dollars. Last year ETHWaterloo successfully conducted the fact that the crypto-world is considered the largest Ethereum Hackathon. A group of judges consists of some distinguished name in the industry.
ETHWaterloo Ethereum Hackathon has more than 400 participants from 32 countries and took more than 32 hours before the winners will be presented. Among the participants was a local GoNetwork team based in Waterloo. In the presentation, GoNetwork special attention is paid to how Bluetooth-compatibility on smartphones can help overcome the chain ethereum while using a wide range of mobile users. GoNetworks is one of the eight winners of the Hackathon. The presentation of GoNetworks ETHWaterloo focuses on creating a platform that solves the scalability problem and the high cost of transactions not only for users of the desktop platform but for mobile users in general.
What is GoNetwork?
GoNetwork is a start-up project, which began to develop in the past year. Combining a group of people into one goal is to build scalable operations on the chain and off-line, which makes ethereum transactions fast, cheap and manageable with the mobile application anywhere and anytime.
The immense potential of GoNetwork
The team focuses on creating a platform for smartphone users who have already dominated the entire technological hardware economy. It is expected that the demand for smartphones will increase and will continue to attract a hundred potential investors based on the latest statistics. According to the GoNetwork website, the platform is designed for the mobile economy and trade market for a trillion dollars. By creating an application accessible to smartphone users, we can get a wider audience and a future perspective for entering the cryptocurrency world without limits.
Why does GoNetwork plan to focus on creating an application for smartphone users? According to forecasts, the global consumption of mobile applications will increase by 2021. Recent studies have shown that the global mobile application economy is estimated at $ 20 trillion by 2021, based on an annual growth rate of 37% of $ 1.3 trillion in 2016. According to AppAnnie, by 2021 the average user of the application will spend more than 1,000 US dollars each year on offers related to applications, such as virtual products in the application and free access to ads. Bringing blockchain technology to the masses is truly revolutionary.
GoNetwork - Make a transaction cheaper!
One of the main problems faced by each crypto-currency with blockchain technology is a high transaction fee and ways of its acceleration. ICO Investors and crypto traders have no choice but to cope now, but, like every business, the high cost compared to the actual price can lead to a decline in productivity. But one of the most affected is air traffic controllers and bounty participants. On average, these people experience an expensive transaction that sometimes exceeds the initial value of crypto specific markers based on erc-20, which require a higher gas limit. To solve this problem, GoNetwork will create an application created for mobile smartphones, allowing its users to make transactions offline outside the network anywhere without involving too bulky devices. This approach, if it continues to develop, will be the first inexpensive ecosystem of Peer-to-Peer, intended for mobile users of smartphones.
GoNetwork makes Ethereum faster!
At the top of the project plan, you need to bring the convenience of using Ethereum to a broader already profitable and start-up business. Problems with the speed of the transaction and its cost should be decided in order to attract more businesses and investors for the use of Ethereum. This problem is that the GoNetwork team wanted to solve. For more technical information, please see the technical documents of GoNetwork, see the links below.
Conclusion. Summing up, I will tell you that this project is doomed to success, since the problem of cost and transaction speed is relevant to this day, this team has its own vision of solving the problem, as well as a working prototype, besides, many investors support them! I consider it my duty to tell my readers that this project should be invested in order to get a good profit in the future. Thank you for your attention, be sure to go to the official website and read the technical document GoNetwork, invest only in top projects, until new meetings!
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