Genius Tokens: Innovative Computing System

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Global Demand for Computing and Data Processing

The demand for computing and processing of data is on the rise globally. With the awareness of the internet and computer usage being on the rise, processing and storage of data is equally increasing even the more. Millions of people interact with data every day. In view of this growing demand, Developers need superior tools and techniques to take care of the processing demands required for high-volume data processing. According to Statistica.com there are 4.66 billion active internet users worldwide - 59.5 per cent of the global population.

Demand for data processing from businesses and service providers - examples:
• Weather Channel receives 18,055,556 forecast requests
• Venmo processes $51,892 peer-to-peer transactions
• Spotify adds 13 new songs
• There are 600 new page edits to Wikipedia

According to experts, over 5 billion people use data every day and could attain 6 billion by 2025 (Samsung).
This increase in data processing demand has strengthened the need for cutting-edge computing and performance. While cloud computing properties can sustain worldwide applications, the centralized architecture presents the problem of scalability.

Understanding Data Processing

Data processing is the gathering and manipulation of data into the usable and preferred form. The manipulation is nothing but processing, which is done manually or automatically in a well-planned order of operations.
Nowadays most data processing is done automatically by using computers, which do the fast processing and gives you the correct result in contrast to manual data processing which is time-consuming and may have the possibility of errors during in processing.

Computers are designed for data processing to enable organizations handle large amounts of numeric data. Examples of data processing include:
• Calculation of satellite orbits,
• Weather forecasting, etc.
• Four key steps of data processing sequence are:
• Data collection
• Data input
• Data processing
• Data output

Depending on what the data is required for, the different types of data processing techniques include:
• Online Data Processing
• Real-Time Data Processing
• Commercial Data Processing
• Scientific Data Processing
• Batch Data Processing

The increase in the use of internet and computer implies an obvious need for higher and better data processing devices and techniques.

Genius Tokens Innovative Technology

Genius recognizes the above issues inherent in data processing and therefore, comes up with its innovative technology: Distributed computing solves the issue of scalability by splitting the request for computer processes to numerous efficient machines.

The structure of the Genius tokens system functions as a disseminated multi-purpose service with a cryptographic payment system that assigns computing resources and incorporates them into practical projects.

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When you buy Genius Tokens, developers equally purchase as many scalable distributed resources as required to execute their projects. Genius tokens can be used in exchange for computing power, or they can be exchanged or swapped for fiat or crypto currency.

Genius tokens , in principle, tokenises computing power. This means that developers can incorporate their projects on blockchain technology and utilise its characteristic distributed architecture.

Overview of Blockchain Technology

A blockchain, also called distributed ledger, is essentially an append-only data structure maintained by a set of nodes which do not fully trust each other. Nodes in the blockchain agree on an ordered set of blocks, each containing multiple transactions, thus the blockchain can be viewed as a log of ordered transactions.

Blockchain can help streamline business processes by removing duplicate efforts in data governance.
As the technology landscape is expanding rapidly, it is both important and challenging to have a firm grasp of what the core technologies have to offer, especially with respect to their data processing capabilities.

Incorporation of Genius Token on the Blockchain

This leads to:
● A dual-function cryptocurrency and crypto token system allowing high-speed transactions.
● Just like purchasing gaming app using cryptocurrency, payments and data resources are tied to the end user’s
wallet.
● Data transfer directly to the customer.

The growth of data processing and access requires improvements in infrastructure design.

Attempt to resolve the problem

Though presently there are numerous solutions aimed at attaining high-speed processing of transactions using crypto token on the blockchain. Some of the solutions proffered use different methods to quicken the verification process. These solutions could not meet the current needs in the industry as there take minutes to verify transactions.
Other attempts to proffer solution on the issue make use of Direct Acyclic Graph blockchain crypto token, but still fail because decentralised applications are not incorporated.

Genius Solution

In order to amicably resolve these problems genius ventures will make use of the distributed general-purpose computing with a crypto token payment system. The payment system will integrate a slow blockchain crypto token with a fast DAG-based crypto token. The genius token smart contract on Ethereum permits the creation of a virtual cloud infrastructure that provides high-performance computing on demand.

In view of the aforementioned, Genius ventures intends to carry out a secure, manageable, high-speed and scalable infrastructure side chain that supports a new form of distributed management, which includes important frontrunners in computing, big data handles and cloud computing industries.

Genius token ventures trusts in the future of decentralised infrastructures and market networks. Genius believes in the monetisation of high-performance computing applications and large data processing computing resources on the blockchain. The transactions of which shall be entirely transparent and secure.
Genius venture will achieve this objective by building a highly scalable, hybrid blockchain solution.

Existing Market Opportunities

Blockchains provide a pioneering method to the work of decentralized applications (DApps).
Running atop a blockchain, peer-to-peer (P2P) network that acts as a kind of operating system, dApps create an innovative open-source software ecosystem that is both secure and resilient. And it allows developers to create new online tools, many of which have piqued the interest of global business markets.

What are dApps?

DApps or decentralized applications are open-source applications that are used to interact with smart contracts (ex. tokens) that run on a peer-to-peer network of servers. These applications can be based on a variety of blockchain platforms such as Ethereum, EOS, Hyperledger, Polkadot, and others.

Dapps have their backend code (smart contracts) running on a decentralized network and not a centralized server. They use the Ethereum blockchain for data storage and smart contracts for their app logic. A smart contract is like a set of rules that live on-chain for all to see and run exactly according to those rules.

Ethereum blockchain permits developers to write smart contracts and code applications that run on a computer-generated machine . This epitomises a potential break-through in the design and performance of services such as investments, finance, corporate financing, internet, insurance, forecasting markets, gambling, distributed data processing and more.

Challenges and Solutions

Presently, enormous amount of energy is spent in running Servers and Cooling Systems. The use of huge amount of energy also impacts the environment negatively. In view of the development Genius recognises the need for a new form of decentralised cloud blockchain computing that will reduce energy cost.

A blockchain-based decentralized cloud connected with a hybrid cryptocurrency and crypto token payment system allows on-demand, secure, and low-cost access to the most competitive computing infrastructures. DApps rely on Genius Ventures to automatically search, find, provision, use, and release all computing resources necessary for applications and their data.

A hybrid cryptocurrency and a crypto token payment system connected to a blockchain-based decentralized cloud system allows on-demand, permits on-demand, secure, and low-cost access to the most viable computing infrastructures.

DApps make use of Genius to automatically search, find, provision, use, and release all computing resources essential for applications and their data. Unused cycles on servers, mobile devices and IoT are made use of on Genius token blockchain. The system processes AI and ML data on the target device. Genius crypto tokens are used for payment of the end user. The crypto tokens can be used for in-app purchases or converted back to other crypto assets or currencies.

Decentralised Businesses: Solutions

Genius tokens is poised to address the needs of all decentralized businesses:

Off-chain computations: DApp providers to perform off-chain computations on demand.

Low computing prices: App suppliers lower computing prices of their decentralized applications by employing a safe, reliable, and robust infrastructure.

Choice of AI/ML: Customers select artificial intelligence (AI) or machine learning (ML) algorithms through a customer portal on the customer’s secure servers.

Embed systems with SDK: Stand-alone applications, embedded systems or games with the SDK integrated to process instructions.

Availability of Servers: Server providers make available their servers, make use of unutilized computing resources, and increase their return on investment on existing infrastructure. The use of a fast internal DAG-based blockchain enables transactions to be executed in microseconds.

Functions in all Gadgets: Code and SDK function in all gadgets including Windows, OSX, iOS, Android, Linux, Windows Mobile, Xbox, PlayStation, Nintendo and IoT.

Negligible Setup Cost: User’s setup costs are almost zero. Users are rewarded to process data. These benefits enable users to use the game or app.

Genius Tokens Blockchain Workflow

(1) Transaction
(2) Data Transfer
(3) A.I Processing
(4) Validate and Add
(5) Complete
(6) Payments

Road Map

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January 2018: Game Development
October 2020: Fast Blockchain
April 2021: Hybrid Blockchain Development
May 2021: Slow Blockchain
June 2021: Mvp/Initial Token Offering
August 2021: App Development
October 2021: App Ui Development
November 2021: Customer Portal
December 2021: Launch!

Get in Touch with Genius using the following links:

Website: https://www.gnus.ai/
Facebook: https://www.facebook.com/geniusventures.io/
Twitter: https://twitter.com/VenturesGenius
Telegram: https://t.me/geniustokenschat
Medium: https://medium.com/search?q=Genius%20token
GitHub: https://github.com/geniusventures
Linkedin: https://www.linkedin.com/company/geniusventuresio
Youtube:

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