Giantblockchain& smart contracts
In the Giant blockchain we have combined and upgraded the best practices previously developed by three separate blockchain teams. The idea of smart contracts comes from Ethereum, the masternode governance is borrowed from Dash, and the closest equivalent of our current Proof-of-Stake consensus model can be found in PIVX. By combining the best aspects of each of these technologies, Giant has the following advantages:
Proof-of-Stake (PoS) and masternodes (MN) – while the former decreases the GIC volatility by making its price independent from miners (and making GIC eco-friendly), the latter is a reliable governance technology. Masternodes form a decentralized board of investors with an incentive to support the structural changes. This increases the stability and security of the whole Giant blockchain network.
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JavaScript — the most popular programming language is used in the Giant smart contracts. This seriously increases the number of potential Giant programmers around the world. It also makes the source code of smart contracts easy to comprehend for a wide group of cryptocurrency and information technology enthusiasts.
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Code Update – allows developers make important changes and/or additions in a smart contract that already exists instead of creating a hundred of iterations of the same code — in the long term this means that the system will not become overrun with obsolete deal data, resulting in better scalability.
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Smart Contracts Destruction – old Giant smart contracts can be deleted, which prevents a situation where the Giant blockchain system is potentially filled with old data nobody needs anymore. The network scalability becomes even less of a problem if this function is combined with the previously mentioned Code Update feature.
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Burning Fees – to solve the inflationary problem connected to the non-stop network expansion due to the infinite Giant Coin supply, we have introduced the mechanism of burning fees for transactions and smart contract settlement: these commissions are made in Giant Coin (GIC) and burning them will lead to a stable demand for this cryptocurrency.
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Self-Governance – due to the high level of decentralization, the blockchain is able to outlive the original developers as there is no centralized fiscal authority issuing Giant Coin or controlling the smart contracts. Budget decisions are made first with the help of the regular users who hold a vote on Discord, then the voting system of masternodes.
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DIFFICULTY
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The Giant blockchain has been designed to solve the problems of trust between the contracts and bets participants and of the safety of obligations fulfillment. Giant allows users to create projects in various business industries that suffer from these problems. Let’s look at some of these projects.
The Giant blockchain has its own internal digital asset called Giant Coin (GIC) — a universal means of payment in all products based on the Giant technology. GIC is also required for every Giant smart contracts developer — 1000 Giant Coins are needed to launch a masternode, which opens up a possibility to create smart contracts. You can become a user of this cryptocurrency by installing a wallet client compatible with your operating system.
Name
Giant
Ticker
GIC
Type
POS + MASTERNODE
Block Time
120 seconds
Difficulty Retarget
Every block
Maturity
200
PoW Supply
1,323,000
PoS Supply
Infinity
Premine
200 000 GIC
Masternode Collateral
1000 GIC
P2P Port
40444
RPC Port
41444
Average price
-2.08%
0.00000187 BTC
0.02 USD
Volume 24h
0.2231 BTC
2284.04 USD
Locked coins is a value that displays the amount of the coin supply not used in crypto trading and which are instead stored in the project community investment portfolio. Premine can also be connected to this value - this sum is also reflected in the wallet balance of the Giant developers. Overall, the Locked Coins value can show the general level of trust of the project users and its reliability.
To ensure stable network performance, the Giant blockchain uses the Proof-of-Stake (PoS) consensus algorithm and the Masternode (MN) technology - but users always store their funds on their own wallets. In exchange for this, the blockchain generates a reward for network maintainers. This reward comes from each new block. All this is creating a solid investment opportunity.
The Giant blockchain environment is maintained by central hubs similar to Internet servers. One such server, called a masternode, costs 1000 GIC. You can launch as many working masternodes as you like, and each of them will generate a passive income from new network blocks. Additionally, masternode owners have extensive powers and can form investor votes.
Proof-of-Stake — reward distribution for each new cryptocurrency block created. The system checks your own Giant Coin stake when the Giant wallet client is online. The more coins your wallet has, the higher your chances to receive a new block reward. In PoS, the higher the network difficulty is, the more coins are required to get a reward.
GIC Price
0.00000187
BTCYou Invest
You Invest
GIC Price
0.02
USDYou Invest
You Invest
Active Masternodes
Masternode Reward
16GIC
Reward frequency
GIC
Daily Income
GIC
BTC
USD
Weekly income
GIC
BTC
USD
Monthly income
GIC
BTC
USD
Yearly income
GIC
BTC
USD
ROI (annual)
%
Payback period
days
Average Difficulty
Stake Reward
4GIC
Stake Interval
Daily Income
GIC
BTC
USD
Weekly income
GIC
BTC
USD
Monthly income
GIC
BTC
USD
Yearly income
GIC
BTC
USD
ROI (annual)
%
Payback period
days
Please note that the estimations above are based on mean values. The real-time data might be slightly different.
To increase productivity, plan our goals clearly, and control the execution of tasks efficiently, the Giant team uses the SCRUM methodology. The work process consists of two-week sprints andis recorded on a public Trello board. Every user can watch over the transparent work of the Giant team, ensuring that we are not standing still.
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Giant.Exchange
Release date Q2 2019
