[ANN] Giant (GIC) | MN+PoS | Blockchain & Smart Contracts

[GiantUser]

As you know, the Giant team is, among other things, preparing and promoting the decentralized binary options marketplace — Giant.Exchange. We have found ourselves in a unique situation because our goal is not to gain profit from the marketplace users. We need to prepare a working product that will demonstrate the strongest advantages of the Giant technology. Together with the financing system, this is yet another unique project feature. Quite soon, we are going to tell you about this phenomenon by using the industry of binary options as an example.

Still, we continue to act in the best interests of the Giant blockchain participants. One of indicators of our intentions is the Giant.Exchange landing page. The work on its design has ended and now we are working on the Front End side. You can already assess the design quality on Trello or by following the direct link. Please pay no attention to the placeholder texts.

https://trello.com/c/rBqZaztB/98-design-start-page-giantexchange

[1715157543]

1715157543

[Anna_Masternodec]

Since GIC coin on CoinMarketCap already, it has been listed on https://masternodec.com/GIC.html

There is no fee for the coins listed on CoinMarketCap.

[davey76]

I love the progress the team is making!

[GiantUser]

Not long before our deanonymization, Pavel and Mikhail have given an interview for our blog. In this material, you will find the answers for the following questions:

- how did the project co-founders appear in the crypto industry?
- how did their past experience affect the Giant project?
- what challenges the current project realization brings?

We hope that after reading through this interview, you will understand the Giant project spirit even better.

Original: https://giantpay.network/pages/interview-with-giant-founders
Medium: https://medium.com/giantcrypto/interview-with-giant-founders-84791ed4827e

[GiantUser]

The Giant team has made transparency a defining attribute of the enterprise. We share with you not only the development progress steps, but also the general state of things in the project and our own understanding of the cryptocurrency market as a whole. We’ve always declared our goals openly - from global to more specific. We would like to remind you about the point we had started from.

Our ultimate mission is to create a technology compatible with actual business processes and able to change thanks to the mechanism of self-governance.

Since the moment the Giant blockchain has been launched, the team has been growing in quality and quantity. We have been increasing our understanding of the processes of blockchain development, community management and marketing. Among other beneficial results, this increase has allowed us to create project Staker.tech. We want to use it as an online platform to make the market more transparent and user-friendly, raise the level of public understanding of the cryptocurrency consensus algorithm called Proof-of-Stake.

Three months ago, we’ve made a fundamental decision to continue financing the project by using our own funds. Even more, the Giant team has been increasing its own portfolio by purchasing cheap sell orders. The new project will finally allow us to become fully self-sufficient and thanks to Staker.tech, we will no longer be dependent on short-term Giant Coin fluctuations.

This is why now we are not afraid to admit that the Giant smart contract technology will not be introduced into the Giant blockchain mainnet in 2018. We want to openly declare the objectives we are facing but we are not willing to repeat the mistakes of other project by making promises of these goals. Of all thousands of blockchain projects today, nobody was so close to the addition of smart contracts in a running blockchain like Giant. During the initial assessment of the future workloads we could not recognize all the additional bottlenecks we later found - that is because our technology is one of its kind and nobody before us made anything similar. Despite these tough news, every unique solution we found only boosted our motivation to work further.

We want to continue moving in this direction and use as much time as we need. Just like other projects (e.g. Ethereum and ALQO), we are no longer setting any deadlines online. All of our current progress and approximate readiness can be estimated with GitHub, Trello and our usual sprint reports. Quite soon, we are going to update you on the Giant.Exchange and GiantJS development.

Thanks for following our project and for your efforts in the Giant blockchain decentralization! Without your passionate support, we wouldn’t have been able to launch and secure our blockchain from attacks. We promise that the level of transparency will stay as high as it is right now. You are yet to see the project success with your own eyes!

[GiantUser]

Several months ago, we have published the technical documentation of Giant.Exchange in a special chat for masternode owners. They must have appreciated the innovative nature of our invention. The word 'invention' is used here for a reason! There is no user-oriented project on the current market which has the same level of management decentralization. Today, we are going to lift the curtain and tell everyone how this is going to be achieved. Our new article has a detailed description of the Giant.Exchange decision making. We are sure that this case is going to reach beyond the horizons of the cryptocurrency community. The blockchain will allow us to solve the longstanding problems of information asymmetry known in economics. You also must not forget that this approach may be used in a much wider range of industries.

Original: https://giantpay.network/pages/giantexchange-decentralized-management

Medium: https://medium.com/giantcrypto/giant-exchange-decentralized-management-23d058b5d55b

Share this article. Let more people know that the blockchain can bring real economic advantage.

[GiantUser]

Masternodes.Online, OmniAnalytics, StakeAndNodes.com, Masternode.Buzz and BetweenBlocks are currently holding a joint contest for the best masternode projects in different categories. Nominations will stay open for 48 hours.

You can vote for Giant Coin (GIC) in the Support Services and Material category. Most of our masternode owners may easily remember the reasons why Giant Coin should participate in this contest: we have always tried to provide the best support for everyone interested in the project. Shout out to @ballz41 and @mani   Don't forget to mention 40+ self-written materials we have

on  https://medium.com/@GiantProject !

https://docs.google.com/forms/d/1PKoXqjHPvOrwJovUeI0Wamj11TgSel_H1owoE17avio/viewform?edit_requested=true

You can also leave your comments on other contests Giant should participate in and share the link above with your friends!

[GiantUser]

Dear Giant fans!

We would like to present you another regular report on the events of yet another two-week sprint!

See how the team solved various tasks in Technologies Development and see what we've done to raise the public awareness about Giant.
 
Original: https://giantpay.network/pages/latest-sprint-news-extensive-improvement

Medium:  https://medium.com/giantcrypto/latest-sprint-news-extensive-improvement-676a24c65a34

[GiantUser]

This next Giant material will tell you what we intend to do during Sprint 14 - the last sprint of Giant this year. See valuable insight into teamwork processes and get a glimpse of our plans for 2019

Original: https://giantpay.network/pages/sprint-14-backlog

Medium: https://medium.com/giantcrypto/sprint-14-backlog-c1570385ddfb

[GiantUser]

Right now, our developers are working to create products that will ensure the project’s long-term success. At the same time it’s important not to forget that a secure blockchain is another necessary condition of the Giant well-being. Despite the fact that the current condition of the Giant economic infrastructure is good, there are still things to improve in this field, and that’s why we would like to raise a certain issue for community review. It’s a question related to block rewards structure.
 
Before voicing our initiative, I’d like to tell you about the logic we have used from the very beginning. Both the masternode collateral price of 1000 GIC and the high level of block rewards during the first year were not a random coincidence. We wanted to make Giant masternodes available for the wide audience and speed up the network decentralization process. The miner’s reward was way lower because we wanted to prevent potential price and difficulty manipulations. Despite this, we had to take actions and commence the move to Proof-of-Stake (PoS) before the date initially set in the Roadmap. This was mainly due to the fall of the NiceHash mining cost and the following cryptocurrency price downfall. At that time, the community has taken a proactive stance by supporting this initiative, and all users have made a mandatory update in time. Furthermore, our Devs have made an excellent job by making this transition as fast and painless as it could be.
 
I hope that now you can understand the current situation with rewards: 16 MN + 4 PoS. 16 MN has been made for faster decentralization, while 4 PoS is a PoW phase legacy when we had to decrease the risks posed by mining.
 
We would like to leave this behind and solve current tasks. One of them is the prevention of a certain underestimated PoS vulnerability.
 
In PoS, the block approval is made by the pool of stakers. To make a 51% attack, one shouldn’t have a half of coin supply, a half of staking supply will work. It’s easy to deduce here that the pool size depends on the interest of the network participants in staking.  Right now, we are experiencing a lack of motivation to participate in PoS.

It’s time to express your opinion on this important issue. If you are ready to propose your own rewards structure and substantiate it, your variant will be added to the voting list. As soon as your various proposals are collected, we are going to launch a Discord vote. The current discussion will be held in Discord in  #proposals-chat. I would like to warn you that the discussion on governance fees or developers fees will be undertaken only during the next vote cycle.
The participation in the discussion is open for masternode owners who have verified their status. This is fully corresponding with our philosophy of responsible participation in the life of our project. All other users, however, can freely track the discussion and voting results. If you still did not verify your masternode ownership, please send me a masternode page screenshot from your Giant wallet client software. 

[GiantUser]

We’re glad to see the vibrant discussion caused by the yesterday’s announcement of the block reward vote. Many of you have proposed the reward size change to be made in favor of the decentralized governance mechanism. As such, we can’t ignore this issue and decided to include it into the current vote. Below you will see a brief description of this mechanism usage.
As you know, the Giant blockchain supports the Proposals system — a long-term financial mechanism to maintain its work after a mutual compromise is reached among all the network participants and community members.
Anybody knowing what to do in order to upgrade and promote the Giant blockchain can bring in a new initiative. It must include a good description, arguments for the initiative and a wallet address to which a certain sum will be transferred after the new proposal is approved by the community.
The Proposals Fund concept will allow Giant to make this process automated and as transparent as possible. The decentralized decision-making is made with the help of the masternode system. Every masternode owner acts as a responsible member of the investors board. Each proposal will have a corresponding vote.
Results are put into action in the form of superblocks. Superblocks automatically allocate the funds for a community-approved initiative by sending them to addresses mentioned in the vote. To prevent excess supply, the initiatives will be financed from the rewards decrease. The deficit of successful initiatives will lead to the coin supply decrease.
At this phase, we need to define the precise reward size for one superblock. We would like to ask you not to forget about this parameter when creating your proposals on new reward system.
As soon as all proposals are formulated, the first stage of the vote will be launched on Discord. After the results of this vote become clear, 4 leading variants are to be put on the next poll of masternodes. You will find out more about the mechanism of this next vote in advance, in our next announcements. Stay tuned!

[prototip0007]

I did not understand. Is it about reducing the remuneration for the block or redistributing the existing reward for the block?

[GiantUser]

We’re glad that the vote has set a new precedent in history of Giant. This precedent has made many community members to express their own opinion and demonstrate a bit of misunderstanding towards certain issues. I’m going to answer to the most of the controversial themes raised.

Why distract ourselves to voting when we can develop Giant.Exchange?
Different project departments work in different spheres. For example, Ablai and Denis are building Giant.Exchange with the support coming from Maria and Dmitry Filinberg. The activation of self-governance mechanism will happen thanks to the efforts of Dmitry Myachin with the help of Dmitry Filinberg. It’s much more rational to change the code only once, and this is why we are holding a reward structure vote right now. You should also remember that the change and the following mandatory wallet update will not happen in the near future.

Why do we need this ‘self-governance mechanism’ at all?
It’s a necessary step in the project development, as it will allow to optimize the outsourcing of various market promotion initiatives which currently fully depends on the Giant Team. Self-governance is the way chosen by all truly decentralized projects.

What are we voting for?
The vote has not started yet. The previously-made announcement was only to voice our position and start the public discussion after which the balanced and most popular results will emerge. Among the members of our community there are people with different vision of the Giant future. Quite soon, we are going to start posting options which will be present in the vote. Of all these variants, 4 will be put on the masternode owners’ vote.

How does the vote option look?
It must represent a viable structure for block rewards we will be able implement in 2019. Note that in May, there is a planned block reward decrease and the options should be formed with this change in mind.

[GiantUser]

Dear Giant community! We wish you a Merry Christmas and want to shed light upon the current state of Giant.
If you don’t get what’s been going on in our chat last week – this message is for you.

To be ranked among the leaders of the MN space, we need a self-governance mechanism. This will give us:

1. Decentralized decision-making by the active majority.
2. An instrument for potential partners who want to promote the project in exchange for financing.
3. The decrease of workloads for the marketing department which could focus on strategic goals.

The required mechanism is already present in the code. We only have to activate it and set the Superblock budget. See more on this mechanism in this article:
https://giantpay.network/pages/governance-mechanism-of-giant

We’ve got a funny situation here: to choose the Superblock budget, we need a voting mechanism we cannot activate without choosing the Superblock budget. But we’ve found a solution!

As an alternative, we hold this vote in 2 stage. The 1st stage will be held on Discord. Four options will be picked as a result. The 2nd vote stage will be held with the use of Giant wallet clients and masternode signatures – and we will soon instruct you on how to participate.

What we need from you at this moment is to:

1. Get familiar with the posted variants for the vote available on #block-reward-vote
2. DM me the reward structure you consider fair in case you don’t agree with anything else
3. Express your own opinion in the chat

We are going to set a deadline not earlier than a week before the application receival ends. After this, the masternode owners vote will be held on Discord. We know that it’s a long and convoluted scheme but, in the future, after the Giant proposals’ mechanism is established, similar votes will be held automatically in accordance with the pre-set open rules. Follow our updates!

[GiantUser]

Hope you had a great Christmas, here's a quick heads-up on our short-term progress. A more extensive review of our work will be in the usual Sprint News at the end of this week.

- We've published a new article regarding the block reward vote and the main reason of its structure. It will serve as an answer for most frequently-asked questions about this major event in history of Giant:

Original: https://giantpay.network/pages/giant-block-rewards-vote
Medium: https://medium.com/@GiantProject/giant-block-rewards-vote-8de778f4b7e9


- Giant is in Top 5 Masternodes for Q1 2019! The list has been made by Melchionda Network. Check out this vid to see more:
https://www.youtube.com/watch?v=bpQQSDYFJTM
 
- Giant Coin (GIC) has been added to TrttNodes - a platform affiliated with Trittium (TRTT). Before the end of this year, no fees are imposed! This has become possible due to the prolonged and fruitful communications of Pavel with Trittium CEO Evgeny Kagan. We hope for a meaningful future cooperation. The team is proud of TrttNodes features they described:

*  The fee is in TRTT coins and so the Trittium service will not have your coins sold on the market.
*  The hosting price is 5 euro flat per full node and 4% of profits for the shares.
*  Almost instant withdrawals. So far no one has waited more then 4 hours and 95% withdrawals were immediate.

- More info:
https://node.trittium.cc/
https://medium.com/@Trittium_cc/how-to-invest-in-trttnodes-59ffcb66d85c

[GiantUser]

We haven’t been making new announcements related to our Giant.Exchange development progress but the most inquisitive of you might have seen the recent changes on GitHub.

During this sprint, Ablai and Denis have almost finished the primary work on the Dashboard and the Trading section. On Dashboard, the Activity tab is 100% ready. This tab shows the user actions. This is going to be extremely useful for all roles – for Traders who will have an opportunity to have a useful log of the deals, for Brokers whose binary options need classification and for Oracles to see when they added a new eponymous smart contract. This tab will become even more useful for everyone as the time goes by. All history records will have active links to follow.

Denis has also started to work on the voting page – we believe you are able to realize how important this component for Giant.Exchange is. The MVP (minimum viable project) will soon be updated with tools to create a new asset registration vote. The list of info parameters is individual for every binary option present in the vote. The table formatting is, however, universal: every new parameter begins from a new row. Denis has already deleted old unnecessary templates – this will help to operate with the dev tools much more efficiently.

https://beta.giant.exchange/

And, lastly, pull requests that were recently merged are available via the following link:

https://github.com/GiantPay/GiantExchange/pulls

We strongly recommend to track the changes on our GitHub to always have a full picture of what we are doing.

[GiantUser]

Dear Giant enthusiasts!
As some of you may remember, we told you about Masternodes Awards 2019 held by BetweenBlocks together with Masternode Buzz and several other projects. We've hinted that Giant Coin (GIC) can become a winner in The Best Masternode Support category but there are several other nominations where Giant has good chances to become first - especially with your help!

1. The Most Innovative Use Case - Giant founders will use the blockchain-based Giant.Exchange to solve the problems of toxic binary options industry, and potentially expand the bets topic beyond crypto prices

https://docs.google.com/forms/d/1J3bcPoMhCEYQtH5hrpJbgNrqiMzN6NwAk3rnAgj_kD8/viewform?edit_requested=true

2. Best Masternode Community - Giant is already a unique project with the active participation of masternode owners in strategic issues, namely the change of the Giant logo (remember the old one?) and bug fixes. The enthusiasm of our supporters should also not be underestimated

https://docs.google.com/forms/d/1BHdpIkH0njJOuPAtSjZoWu8G5oCb1fVmNYoT7jgQpds/edit

Other options are The Best Wallet or App and The Best Marketing Strategy in 2018. The latter is, again, quite relevant for Giant, as there are not so much crypto projects with such a swift reporting on the recent activities of the team.

https://docs.google.com/forms/d/15EnI0ax_KT88VpTOJkXdCDkLdZOj-lm3hpBOKDKJcc8/edit

https://docs.google.com/forms/d/1NB79Vp0CiC52zNqcs0t692Pz8xAyUn2AnnNFJW0mw_c/edit

Of course, the choice is always yours and you can even vote for a different project, but we are still counting on your support. Thanks!

[GiantUser]

Our work is a constant learning process – adding smart contracts into the existing blockchain cannot be called a mundane process each cryptocurrency project undergoes. This is a non-trivial task requiring to solve many optimization issues and have a practical vision. That’s where Alexei Bokarev comes in: his attentive work on the edge of blockchain technologies will bring Giant smart contracts closer to each Giant investor.

The smart contracts metadata with the description of their methods (functions) allows to track a smart contract of choice and call it with the help of special commands. One of them is network – as of today, it shows accounts, the number of blocks and hashes. The last block of the blockchain always shows its version, the Merkle root, while the hash of the previous block serves as a basis for the smart contract call. When deploying the smart contract, 33 declarations are calculated which fully covers the MetaCoin contract syntax.

A week ago, Alexei has changed the display of the last block and now the system also shows its height, nonce and timestamp. Overall, the CONTRACT_CALL task has been one of the non-trivial ones we mentioned before: not even the Ethereum network has a full integrity when it comes to smart contract parameters. Still, it’s extremely important to divide different types of transactions and make the Giant contracts network secure.

References

You can read more on the Merkle root parameter here:
https://www.investopedia.com/terms/m/merkle-root-cryptocurrency.asp

The MetaCoin contract resembles the one described here:
https://dappsforbeginners.wordpress.com/tutorials/interactions-between-contracts/

[davey76]

This hidden gem under the Masternode coins gets better everyday! Glad to be part of that community. Check out our Discord at https://discord.gg/wFBmkJD and get to know us!

[oooStrateg]

Giant Coin could be easily kind of decentralised exchange for binary options. Crypto premiere !
Masternodes will recieve profits from WIN / LOSS, which is huge !!!

Keep it up good work