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CloseWhat is Giant?
Giant is the first blockchain environment that supports JavaScript-based smart contracts. This gives our blockchain greater flexibility and also makes it easier for the average developer to work with. In addition, Giant platform utilizes a masternode system to ensure the highest level of decentralization and security. In order to create a smart contract using Giant you must be a masternode owner, making masternodes an inseparable part our blockchain. The Giant blockchain counters scalability issues with burning fees and combines the best experience of other open-source projects, such as Ethereum and Dash.
What problems are solved by Giant?
Currently, most contracts require trust between parties or a third-party arbitrator. Since third-party arbitrators can be biased, there is always a risk that the terms may not be fulfilled as they should be. Without full transparency, the contract results can also be changed. Giant offers a system where all terms are automatically executed after the fulfillment of the pre-written agreements. Any funds connected with the contract are protected, eliminating any issues of transparency and ensuring safety for all parties involved. Giant creates a friendly and productive atmosphere where everyone feels secure.
Strengths
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:
PoS & MN
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.
Article
JavaScript
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.
ArticleGiant Network
Giant Products
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.
Giant.Exchange
Giant.Exchange — a decentralized binary options marketplace with trustworthy assets data controlled by an independent arbiter, with automatic terms execution and public Broker reputation.
Giant.Exchange
Giant.Bet
Giant.Bet — a decentralized betting marketplace with guaranteed payments built on smart contracts and reliable sports events results sources.
Giant.Bet
Giant.ColdStake
Giant.ColdStake — a shared Proof-of-Stake pool providing passive income without the need for the wallet client to be permanently connected to the network; the rewards are equally distributed between all participants
Giant.ColdStake
Digital Asset
Giant Coin (GIC)
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.
Wallet
Specification
GIC Market
Average price
-13.66%
0.00000109 BTC
0.01 USD
0.3066 BTC
2659.97 USD
Locked Coins
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.
Investments Calculator
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.
What is a Masternode?
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.
What is PoS?
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.
Please note that the estimations above are based on mean values. The real-time data might be slightly different.
Roadmap
2018 Q1
2018 Q2
2018 Q3
2018 Q4
2019 Q1
2019 Q2
2019 Q3
2019 Q4
Transparent Teamwork
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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