Blockchain R&D Firm, Gravity Solutions, Introduces a Protocol for Small and Medium Enterprises, and Launches Public Testnet

CEO and Co-founder of Gravity Solutions, Yury Parsamov, said, "Gravity aims to operate on two levels: protocol and solutions.

Gravity Protocol's core features (the pioneering Delegated Proof-of-Importance (DPoI) consensus algorithm and a proprietary Index of Importance) incentivizes active network participants directly and thus stimulates network growth. Unlike other consensus algorithms (POW, POS, DPOS) the inflational emission is distributed not among the passive network users (miners, block producers, high stake holders), but among the most active ones and this ables Gravity Protocol to become a really used blockchain."

"On solutions level we build frameworks for small and medium enterprises, which is also a new approach within the industry of blockchain R&D, which is so fat heavily focused on offering solutions for governments, banks and corporations"," added Parsamov.

The Gravity Index, or the Index of Importance, takes into account such factors as: account's stake, number of incoming transactions, account's position in network's cluster, cluster activity and lot of other parameters, described in Gravity's architecture paper.

Unlike other blockchain protocols, emission happens only when the network grows in terms of new accounts, volume of transactions and connections within the network.

To date, Gravity Solutions has successfully completed deployment of the private testnet to ensure the correct, secure and decentralized token distribution powered by the Gravity protocol and the Index of Importance. With the launch of the public testnet, open to all developers and Graphene enthusiasts, the blockchain R&D firm has allocated 10% of the initial ZGV token supply to reward participants for their contributions and feedback. The testnet stage will conclude on June 20, 2018.

For more information about Gravity protocol please visit: https://www.gravityprotocol.org/High-res photo: https://goo.gl/dEMftS^[1][2]

About Gravity SolutionsGravity Solutions is a blockchain research and development firm that aims to create a transparent, efficient and flexible framework for Small and Medium Enterprises. According to the development team, the Gravity protocol implements the pioneering Delegated Proof-of-Importance (DPoI) consensus algorithm to ensure the fair-minded distribution of tokens to incentivize network participants.

Media Contact:Across Asia Communications LimitedKent LauPhone: +852 3111 5199Email: [email protected]^[3]

Topic: Press release summarySectors: Daily Finance, Enterprise IT, Daily News, Currencies, FinTech/Chains^{[4][5][6][7][8]} http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

1. ^{^} https://www.gravityprotocol.org/ (www.gravityprotocol.org)
2. ^{^} https://goo.gl/dEMftS (goo.gl)
3. ^{^} [email protected] (www.acnnewswire.com)
4. ^{^} Daily Finance (www.acnnewswire.com)
5. ^{^} Enterprise IT (www.acnnewswire.com)
6. ^{^} Daily News (www.acnnewswire.com)
7. ^{^} Currencies (www.acnnewswire.com)
8. ^{^} FinTech/Chains (www.acnnewswire.com)