A Closer Look into the GIN Blockchain Ecosystem
The GIN Blockchain is a platform that provides stable and fast trading experiences, as well as popularizes digital currency knowledge to users for free. Instead of charging fees and forcing users to spend their money to buy digital money, the GIN Blockchain creates a free platform where users only need to do the tasks they are given to earn profits.
GIN is built around an open-cell ecosystem, consisting of:
• A Digital Wallet: Allows users to freely use and transact via the operational protocol of the Blockchain. Users can store, convert, transfer and receive GIN verified cryptocurrencies. − Peer-to-peer exchange: This is a peer-to-peer exchange where Crypto holders can freely buy, sell and exchange their tokens with others. Create opportunities for users and creators to develop and implement their tokens, ideas, or their organizations.
• A Content Creation Platform: When the world is filled with digital content copied and tampered with, the legal system cannot protect the intellectual products of digital content creators, artists, and more. NFTs were created and applied to the GIN platform as a digital referee.
GIN Blockchain’s deployment stages
The GIN server is operating as a faucet emulating the behavior of the decentralized system as it will function once it is live. During this phase, improvements in the user experience and behavior are possible and relatively easy to make compared to the stable phase of the main net. All minting of coins to users will be migrated to the live net once it launches.
Before the GIN team launches the main net, they will deploy the Node software on a test net. The test net will use the same exact trust graph as the main net but on a testing GIN coin. The GIN core team will host several nodes on the test net. However, they will encourage more GINoneers to start their own nodes on the testnet. After a thorough concurrent run of both systems, the testnet will reach a state where its results consistently match the emulator. When the community feels that the testnet is ready, GIN will migrate to the next phase.
When the community feels the software is ready for production and thoroughly tested on the testnet, the official mainnet of the GIN network will be launched. An important detail is that, in the transition into the mainnet, only accounts validated to belong to distinct real individuals will be honored.
Since GIN’s goal is to give its community more crypto knowledge and experience in this market, the target number of GIN users will be unlimited. GIN needs to be uniquely developed to earn trust and reputation among its users.
However, the GIN token still needs to be listed on the ecosystem as it is the first essential factor to allow the token to reach other popular exchanges in the future.
