Gorbyte is targeting the blockchain market segment. These are people who are legally trading products and services using one or more cryptocurrencies, or trading cryptocurrencies as commodities. This is a growing market that demands security and reliability.
These users would be attracted by the no-cost transactions offered by GNodes and the security and convenience it offers when running on a dual environment mobile device.
The scalability of the network is also an important factor to them. As the network grows, a larger user base means more opportunities for them to find products and services to trade and more opportunity for their currency exchanges.
Of all cryptocurrency users, Gorbyte will specifically exclude customers from nations where the KYC procedures and payment services cannot be trusted.
The number of Blockchain wallets has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 28 million Blockchain wallet users at the end of September 2018 (Statistica), while, as of December 2018 the total market capitalization of crypto networks is greater than $130 billion (CoinMarketCap).
A large number of this market is looking for a solution to challenges current networks face, including lack of scalability, low throughput and high cost of operation. Despite the fact that more companies every day are developing applications based on the blockchain concept, most of these applications are waiting for a scalable network to run on. The unserved market for general application requires the exchange of large amounts of data (e.g., the Artificial Intelligence open market, supply chain applications, reservation systems, autonomous vehicles to IoT communication, virtual private blockchain networks and applications of superconnectivity). We believe the market opportunity for these applications is hundreds of billions, if not trillions of dollars.