[ANN] [GDGC] GadgetCoin | IoT | M2M |Smart Contracts on Hardware

[zrunfeng]

i only wonder how/when to join the ipo

[lihaidong198871]

HI ,dev ,any  news this days?
I want to see something~

[mtomcdev]

i only wonder how/when to join the ipo

There won't be an IPO in the form of taking money from investors prior to the release of software, but we will put in place a system in which our supporters can make money in various ways, mainly from the forging and pegging process, and selling the forged coins on the free market. You will be able to support the project in many ways, for example help with the infrastructure, some of our use cases need serious hardware and infrastructure and you could help with that. We will keep you updated and thanks for your interest in GDC.

[mtomcdev]

HI ,dev ,any  news this days?
I want to see something~

No news in the last few days, as I said in my last post we have been working features like the pegging, privacy and auditing. We will try to speed up the process and thanks for your interest.

[altcoinUK]

Are you releasing this tech and coin, is there still more work on the development, where are you with the project?

[mtomcdev]

Are you releasing this tech and coin, is there still more work on the development, where are you with the project?

Thanks for following up and yes, we are releasing the project. The scope of the project has increased and apart from the security company pilot we have been busy with completing a few very excited pilot projects, writing NodeJs and C++ client side libraries that needs to be done to bring large hardware and business players into the project. We will have an announcement very soon about the launch.

[tobeaj2mer01]

Are you releasing this tech and coin, is there still more work on the development, where are you with the project?

Thanks for following up and yes, we are releasing the project. The scope of the project has increased and apart from the security company pilot we have been busy with completing a few very excited pilot projects, writing NodeJs and C++ client side libraries that needs to be done to bring large hardware and business players into the project. We will have an announcement very soon about the launch.

Very good progress, looking forward to the launch

[altcoinUK]

Are you releasing this tech and coin, is there still more work on the development, where are you with the project?

Thanks for following up and yes, we are releasing the project. The scope of the project has increased and apart from the security company pilot we have been busy with completing a few very excited pilot projects, writing NodeJs and C++ client side libraries that needs to be done to bring large hardware and business players into the project. We will have an announcement very soon about the launch.

Great, we need real life usage for digital currencies precisely what this project and TileCoin try to achieve. There are hundreds of coins no one use them for other reason than day trading which is obviously not a sustainable business model as the market has been (very understandably) drying out. In my opinion only altcoins with a real world purpose that provide people outside the crypto community with something useful could stay alive. It will be interesting to see whether this Gadgetcoin is one of them or not.

[bitbets]

Smart contracts interest me, will read the whitepaper

[tobeaj2mer01]

Kindly keep us posted regarding the latest development status.

[mtomcdev]

Kindly keep us posted regarding the latest development status.

Thanks for stopping by and still being interested in our work. Your and all other users' interest and support is very much appreciated. The first phase of the work is pretty much done and we are planning to release the platform by end of next week when a detailed update, FAQ and technical info will be published.

Our idea was to link the Gadget Network with real world products and services to make GadgetCoin indispensable to the product and service. We will start with a concrete, real world business use case from day one by brining we believe a disruptive technology and business model to a US$ 6 billion per year market. Users and businesses will be able increase their revenue by as much as 90% by cutting out the middle man and using the decentralized Gadget engine. That means GadgetCoin owners can make money from the platform instead of day trading the coin.

For now, here is the summary of what is coming

- The first version of a purpose built, written from scratch smart contract engine for the IoT use cases is done. All services are facilitated via smart contracts. The service providers that use the Gadget Network will be paying network fee that is similar to the GAS of the Ethereum network. The transaction fee will be paid in GadgetCoin which creates a continues demand for the coin (once the network fee is paid by the service provider the coin will be burned which allows continues forging).

- Blockchain design is done. It is written from scratch to allow maximum 1 second transaction time that is required for our use cases.

- Forging related development is done. Just like other part of the system the forging module is written from scratch. As it was explained several times here, we think mining is not the most suitable coin generation method for our particular IoT use cases. The coin generation will be via forging on the Gadget Network. Anyone will be able to forge GadgetCoin who contribute to the platform and work with us to make the  Gadget Network a success. Forging will be require ores which are deposited to the users' wallet via public smart contract. The rules are built in the system and once the users hit a target the ore deposit smart contract is simply executed. Everything is recorded in the blockchain - there is zero pre-mine and the genesis block has 0 coin balance, the process is auditable and transparent. Stakeholders can earn ore and then forge GDC by
  a) Marketing, promoting and spreading the word about the Gadget Network
  b) Running a trusted node that processes and audits transactions and assists in network stability
  c) Developing the coin by coding, designing hardware modules
  d) Referring new businesses to the network
  e) Help us with investment to bring our idea to the masses

- Bitcoin integration is done. Users can pay  for the services with Bitcoin on the Gadget Network. Once we announce our first business partner and use case the significance of Bitcoin acceptance will be obvious. We believe Bitcoin acceptance in our platform brings new users not only to the Gadget but to the Bitcoin network too.

- We have revisited our development board and it is modified to provide our very first users and business partners with a specific hardware tool. The announcement next week will make clear what this device is all about and the rational regarding to this development.

 

[albert_mt]

i am following this project from day one. i still think this will be a good one.

[altcoinUK]

Kindly keep us posted regarding the latest development status.

Thanks for stopping by and still being interested in our work. Your and all other users' interest and support is very much appreciated. The first phase of the work is pretty much done and we are planning to release the platform by end of next week when a detailed update, FAQ and technical info will be published.

Our idea was to link the Gadget Network with real world products and services to make GadgetCoin indispensable to the product and service. We will start with a concrete, real world business use case from day one by brining we believe a disruptive technology and business model to a US$ 6 billion per year market. Users and businesses will be able increase their revenue by as much as 90% by cutting out the middle man and using the decentralized Gadget engine. That means GadgetCoin owners can make money from the platform instead of day trading the coin.

For now, here is the summary of what is coming

- The first version of a purpose built, written from scratch smart contract engine for the IoT use cases is done. All services are facilitated via smart contracts. The service providers that use the Gadget Network will be paying network fee that is similar to the GAS of the Ethereum network. The transaction fee will be paid in GadgetCoin which creates a continues demand for the coin (once the network fee is paid by the service provider the coin will be burned which allows continues forging).

- Blockchain design is done. It is written from scratch to allow maximum 1 second transaction time that is required for our use cases.

- Forging related development is done. Just like other part of the system the forging module is written from scratch. As it was explained several times here, we think mining is not the most suitable coin generation method for our particular IoT use cases. The coin generation will be via forging on the Gadget Network. Anyone will be able to forge GadgetCoin who contribute to the platform and work with us to make the  Gadget Network a success. Forging will be require ores which are deposited to the users' wallet via public smart contract. The rules are built in the system and once the users hit a target the ore deposit smart contract is simply executed. Everything is recorded in the blockchain - there is zero pre-mine and the genesis block has 0 coin balance, the process is auditable and transparent. Stakeholders can earn ore and then forge GDC by
  a) Marketing, promoting and spreading the word about the Gadget Network
  b) Running a trusted node that processes and audits transactions and assists in network stability
  c) Developing the coin by coding, designing hardware modules
  d) Referring new businesses to the network
  e) Help us with investment to bring our idea to the masses

- Bitcoin integration is done. Users can pay  for the services with Bitcoin on the Gadget Network. Once we announce our first business partner and use case the significance of Bitcoin acceptance will be obvious. We believe Bitcoin acceptance in our platform brings new users not only to the Gadget but to the Bitcoin network too.

- We have revisited our development board and it is modified to provide our very first users and business partners with a specific hardware tool. The announcement next week will make clear what this device is all about and the rational regarding to this development.

 

Thanks for the update and I am looking forward to the release of the system! Please let us know if we can help in any way to move forward the project.

[altcoinUK]

Why don't you reach out to Supernet and jl777, James? It seems you have problems in progressing, in the meantime it seems James get things done. Perhaps he would welcome Internet-of-Things within his Supernet, I think both of you could gain from a partnership. Just a thought and suggestion.

[mtomcdev]

Our first application

GadgetNet - Peer to peer Video Streaming

Handling video streaming IoT devices and web-cams for porn and gaming broadcasters

Our first partner using the GadgetNet technology is www.jizzmo.net

[mtomcdev]

Long story short, we have been working hard on the Internet-of-Things technology, all kind of fancy hardware control stuff have been developed. We have been talking to IBM, Samsung and other large players, but the first prospective client who is actually interested in our application came from the porn industry. It seems the porn industry is interested in using our software to control the camera devices and to use GadgetNet smart contracts for handling transactions.

[richwang01]

How to buy or mine GadgetCoin?

[mtomcdev]

How to buy or mine GadgetCoin?

There is no per-mine nor mining, but you can forge GadgetCoin. You can read about it here blog.gadgetcoin.org

Also, if you buy a VICR contract then you will receive 900 ores which you can forge into 900 GDC.

[albert_mt]

cool  porn and crypto 

I knew gadgetcoin will be big!

Good work. I fully support you guys.

[altcoinUK]

Fantastic! Finally, a real world use case and an altcoin will be used by real world businesses.

I am buying your VICR contract. I sent you an email at developers@gadgetcoin.org with a few questions regarding the marketing and monetization plans.