The highest profile unpermissioned crypto networks (e.g. Ethereum, Tezos, EOS.io, etc.) all strive for scalability of the network. However, they all use leader-based consensus protocols, and smart contracts for their applications. In addition, these networks are morphing into networks where users need to trust intermediate nodes (miners / verifiers).
- Throughput is an issue. Currently, Ethereum supports about 15 transactions per second (tps). It may double soon but that is not nearly enough for the thousands of applications that may want to use it.
- Scalability is an issue. Sending a large block to every network node requires more and more time as the network grows.
- Cost is an issue. There is a cost of running the network (rewards to verifiers) which translates into fees to the users.
The high-profile startup crypto networks mentioned above have been trying to address these challenges. But their fixes are applied to the same architecture and leader-based consensus mechanism (PoW, PoS, DPoS, PoC, etc.). In addition, at the Application layer, there are other problems: the cost of applications on smart contracts and the limitations on the quantity of data stored on smart contracts.
GNodes uses a distributed agreement protocol. and a scalable application model.
Current crypto networks were designed without scalability in mind. They were designed without an engineering approach that takes into consideration all factors, especially cost and throughput. Other issues commonly identified include lack of governance, currency volatility, lack of data integrity with hard forks, lack of, and limitation of smart contracts.
WIth the GNodes network every node (user device) participates in the verification of transactions, and in the security of the network against attacks. There are no special nodes. It is a fully distributed network with no intermediate nodes (every node is a validator and network defender).
The main difference with current crypto networks is that GNodes uses a distributed agreement mechanism (MARPLE) in place of a leader-based consensus (one node sending the assembled block to all other nodes).
- It uses the internet for its basic communication;
- It uses GMS and internet on mobile devices;
- It will use WiFi for communication with IoT devices:
- It reduces network cost to zero:
- It is scalable and high throughput (from 3-15 tps to 600-6,000 tps)