GREENLIGHT - down.glco.io · An important mission for GreenLight Protocol is allowing developers to...
Transcript of GREENLIGHT - down.glco.io · An important mission for GreenLight Protocol is allowing developers to...
tGREENLIGHT
Pillar of the New World
Green Paper 1.0
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Introduction to GREENLIGHT
“From discovery of fire during stone age to quantum physics, the evolution of human society has always
been led by technical advancement”
In 1492, as Navigation technique came out, the great explorer Christopher Columbus fistly started his sailing which also brought the Age of Discovery to the world.
In 1760, Steam Engine was invented and the First Industrial Revolution took place, human history had been greatly evolved since then.
In 2008, an anonymous scholar named Satoshi Nakamoto announced the whitepaper of Bitcoin. Blockchain technology and Decentralization had been introduced to human kind. Wealth was redefined.
Today, the next revolution that will change human history is finally revealed. We, as an anonymous team coming from all over the world, also the true believers of decentralization would like to release GreenLight Protocol, the next generation Blockchain. Over the past decade, we have witnessed how Crypto world and Blockchain Industry being twisted by bloodlusting non-believers and international speculators. This new financial market that’s worth over 300 Billion USD, should belong to believers and communities, not those greedy 1% whales. GreenLight Protocol will reshape the entire Blockchain developers ecosystem, also providing them with free mass adoption exposures for the Dapps they develop. Lastly, we believe that all users who actually use services from decentralized application providers should be rewarded.
GreenLight ProtocolIN GREENLIGHT WE TRUST
As early adopter and pioneer in Blockchain technologies, we believe in the power of technology and the importance of developers. An important mission for GreenLight Protocol is allowing developers to create and operate decentralized applications in a truly free environment. On the other side, we have also created GreenLight Planet, hoping to help mass crowd to better understand and access these amazing creations more smoothly.
Developer
To define a Blockchain protocol, the Consensus Algorithm is probably the most important factor. GreenLight Protocol is implementing its unique Green Wave Consensus to calculate data and construct the ledger. Green Wave Consensus is arranging Blockchain data in a particular order that follows Illuminati Matrix through the algorithm. All blocks will be reversely layered in a complex and then re-arranged by each Node. Whichever Node gets the last block in a batch will be labeled as Overseer and the result will be put into the ledger. Then the batch will be emptied and re-enter GreenLight Data Channel for recursive processing. Through implementing Green Wave Consensus method, the TPS of GreenLight Protocol is reaching 100K, and without the need of external resources. All the Nodes will be rewarded once a batch of blocks are processed through POA mechanisms.
Technology
Security has always been GreenLight Foundation’s focus when designing the protocol. GreenLight Protocol is using a double-channel masking encryption method called Tabula Rasa to protect every user’s asset information and privacy settings. Not any centralized power can disrupt the data on GreenLight Protocol.
Security
After Tabula Rasa, all the developers and users on the protocol will remain anonymous. GreenLight Protocol believes in absolute freedom, which also includes identities.
Privacy
The traditional private/public key account system is too complicated for the general public outside of crypto world! GreenLight Protocol is hoping to reach all population in the world, not just a small community. Thus GreenLight Protocol has created an easy-to-use account system, allowing users to easily do transactions and work with other interactive decentralized applications.
Account System
On GreenLight Protocol, all transactions are free and with high speed. Users can access and interact with their favourite DAPPs without any constraints. All resources cost are free to users! Through GreenLight Protocol’s high efficiency resource management structure, it can also further reduce the frequency of redundant transactions which could potentially cause traffic problems for Blockchains.
Easy Transaction
GreenLight Planet
GreenLight TokenAnd
GreenLight Planet is a decentralized global application distribution center, a recreational and social gathering place, more importantly the client application for all GreenLight supporters to mine
GL tokens.
GreenLight Planet
As for token structure, setting a hard cap for tokens are not always the best thing! Traditionally, crypto projects should always set a hard cap for
all distribution of tokens. However it does not really bring any good to users or holders practically. In 2019, over 1000 tokens have a 99% price fall in the
secondary market. The founders of these projects owns too many tokens even before the token sale or distribution, which allows them to just dump into the
market and ask users to buy. Unlike these villains, GreenLight Foundation decides to stay with all users
and holders. There will be no GL tokens for the GreenLight Foundation in the start. Only when a GL
token is mined by users/holders, the foundation will then be able to collect 0.1 GL tokens. In other words,
without proper mining from the community, GreenLight Foundation also owns nothing that can be put into
the market.
Token Structure
GL Tokens are absolutely free to mine! A user only needs to access GreenLight Planet and login, he will
be able to claim tokens from mining. This does not require any user’s energy or money, everyone can
mine GL according to their Hash Power.
Free GL Tokens
The success of GreenLight Protocol will largely depend on the consensus of users and holders. Only
when every believer in the world joins together, a truly fair world can be reshaped. Every time a user
on GreenLight Planet invites a new supporter, the Hash Power of this user will increase. More
invitations means more rewards!
Connections
As users and the number of DAPPs increases, advertisement feature will be live as well. Imagine
when the user community reaches a billion, this also means 5 billion USD in revenue. Advertisers only need
to purchase enough GL tokens from the market to start Ads Campaigns. All the GL tokens that were
used to start campaigns will be burned forever. This is a perfect token deflation scenario, which can also
bring healthy value prospect for the project.
Advertisement
Every GreenLight Planet user will own a certain amount of Hash Power. The initial value is 100T/h,
meaning the user can gain 100 GL tokens every hour. As the number of users increase by every 10 times, all users’ Hash Power will be halved. This means
that when the size of user community reaches 10, the Hash Power will be 50T/h, and 25T/h if the community
is reaching 100, and etc..
Hash Power
All the founders of GreenLight Protocol come from world’s top internet companies such as Facebook,
Google, Amazon and IBM. Most of them have over 15 years of software development experience and have together developed over 50 DAPPs and hundreds of
smart contracts.
Team
2018Q1GEX
Decentralized exchangeGID
Decentralized user systemGBANK
Decentralized financial system
Q2GMS
Decentralized multi-signatureGERP
Decentralized ERP system
Q3GW
Decentralized walletGLTX
Cross-chain protocol
Q4 Green wave
consensus algorithm
2019
Q1GreenLight Protocol R&D Testing
Q2GLECCBased on Tabula Rasa encryption algorithm
Q3Pressure testingPublic chain 100K TPS
Q4Decentralized mining application distribution platform releasedGreenLight Planet Beta is online
2020Q1Release GreenLight Planet V1.0
Q2GreenLight SDK Open Source
Test GreenLight protocol system
Q3Greenlight Protocol
supports AR/VR application access
Q4Open access of user social data to
third-party application GreenLight
Protocol mainnet online
2021
Q1GLNFT GreenLight exclusive token protection
Q2GLNGC UGC content delivery platform
Q3GreenLight Alliance Chain OEM Open SourceSupports cross-chain transactions and licensable cross-chain smart contract calls
Q4Develop high-performance DPOS miner
GREENLIGHT
The App store on Blockchain Easy to Get GL Tokens
Smooth, Safe and Secured