One of GoNetworks core observations is mass adoption hinges on cryptocurrencies interoperability with mobile computing platforms. Below we address the major challenges facing the network and its impact on mobile adoption:
Scalability for Mobile Computing
Ethereum transaction latency is measured in the order of of minutes and deviates wildly . There are many approaches and bodies of work related to overcoming the transaction latency, ranging from core architecture updates including sharding, to overlay networks and off-chain transaction
networks like plasma and radien networks . These projects will all deliver tremendous value to the scalability of Ethereum on desktop, however, at this point there is limited to no support to bring said technologies to Mobile platforms.
Variable Smart Contract Execution Costs
Any updates to the state of the block chain require gas, including Ether transfers and Smart contract invocation. Opcodes within smart contracts have associated gas costs on the EVM (Ethereum Virtual Machine). Prior to contract invocation, one must consider the cost of execution. These mechanisms are put in place to ensure the network is DDOS resistant. However, this inevitably means, depending on network utilization, the cost to execute a smart contract within a time bounds varies greatly.
Limited Mobile Adoption
At present time, Ethereum remains focused on delivering a stable and scalable blockchain technology on desktop computing platforms. There are abilities to compile full Etherum nodes for mobile platforms , however, they apply the same network, storage and computing requirements 20 as desktop platforms. As such, much of the new development is not particularly suited to the nature of mobile computing and dealing with intermittent and threshold networking, limited local storage, and battery preserving computation i.e. running proof of work mining on mobile devices will rapidly deplete battery life. GoNetwork understands the limitations of mobile computing
platforms and seeks to adopt technologies and incentives to make cryptocurrencies accessible to the masses.
GoNetwork experiment starts & Dubsquad.me becomes Top 10 photo and video app! Top 150 app overall in the AppStore charts gaining over 1M+ users Start experimenting with virtual coin systems - enabling a way for creators to earn real income from their fans
Selected by YCombinator (Investors in Airbnb, Reddit) for in-person interview! ● Co-founders flew to Mountain California to present Dubsquad to YCombinator ● Out of thousands of applications only 10% get selected
R&D Ethereum, BitCoin as development platforms ■ Study ECC and Cryptographic primitives
Developed prototype architecture of GoNetwork, R&D Mobile Development and Accessibility to mobile Internal testing of Ethereum private network and solidity contract Testing solidity custom cryptographic primitives
GoExchange Alpha Launch ● Launch of GoNetwork website. ● Alpha GoNet internal testing starts ● R&D scalability solutions for micro transaction throughput ● Start state channel prototype ● Integrate alpha SDK to test app ICO Pre-Release ● Launched of GoNetwork ICO website
GoNetwork wins ETHWaterloo ● “We won the world's biggest Ethereum hackathon!” 51 ● Developed Pocket at ETHWaterloo - judged by Vitalik Buterin (co-founder of Ethereum), Jeff Coleman, William Mougayar, Joseph Lubin, Joey Krug, and Stephan Tual GoNetwork Mobile Tutorials Series ● First of a series of technical blog posts from GoNetwork GoNetwork ICO Launch GoNetwork Ongoing Development i.e. iOS KeyChain Services integration, Mobile Balance Verification Proofs,WebRTC P2P
GoExchange Ongoing Development ● iOS SDK ● User Dashboard Closed beta Testing ● GoExchange on Dubsquad.me ● GoNetwork channel lifetime incentivization metric ● GoNetwork off-chain transaction metrics
GoExchange open beta version launch Exploration of partnership opportunities with government and industry blockchain application starts
GoNetwork Sponsorship, Developer Meetup & Awareness Explore incentivized developer partnership deals
GoExchange exposure to over InfiniDy’s users! ● GoExchange SDK integration in all InfiniDy Corp games. ● GoExchange SDK integration in dubsquad.me. ● Exposing the GoExchange to InfiniDy’s users GoExchange for Unity launch (Android and desktop) GoNetwork Hackathon & Global Expansion ● Series of hackathons to be held in Waterloo, Vancouver, San Francisco and New York - awarding the most innovative integrations of GoNetwork in mobile applications