Fenbushi capital Shen Bo announced Genaro consultant identity and created a new era of blockchain 3.0
Fenbushi Capital Shen Bo, Genaro Consultant, Create Blockchain 3.0 New Era
On November 13, 2017, Genaro officially announced that Shen Bo, with its significant contribution to Genaro’s international strategy and governance structure, became the project consultant and a member of the Board of Governors.
Mr. Shen is not only a consultant to Genaro, but also my mentor
Genaro founder Larry said：
“In fact, Mr. Shen has been helping us a lot since the formation of Genaro, and even Genaro’s initial idea and the positioning of the infrastructural revolution in the blockchain have been confirmed through repeated discussion with Shen. For our endeavors in researching and developing, facing market obstacles, developing the layout of international strategy, tactics of business cooperation and the governing structure of the Board of Governors, Mr. Shen has guided us all the way to witness our growth. We didn’t announce that Mr. Shen is our consultant until today when we live up to his trust with a little accomplishment. During the whole process, not only did Genaro grow up, but also I learned a lot. Thus, Mr. Shen is not only Genaro’s consultant, but also my mentor.”
Genaro is a revolution at the infrastructure of the blockchain, and its pattern is as important as technology
“The imperfection of the infrastructural technology in the blockchain is an important factor hindering the development of DAPP. Genaro dares to devote himself to the revolution in the infrastructural technology of the blockchain. It not only requires excellent technology, but also needs an ambitious pattern. The infrastructure is not like DAPP, which cannot be completed overnight, but Genaro is well prepared for R&D. Thus I really appreciate Larry’s determination”, said Shen Bo, founder of Fenbushi Capital and Blockasset Fund.
It must be a miracle that a public chain has a processing speed of million instructions per second for big data.
When it comes to the Blockchain 3.0 Ecology of Genaro, Larry spouts:
“It’s a miracle that we can handle the more efficient public chain of big data, and there are still no proper solutions to the two major challenges of the existing public chain, namely the Scalability and out-of-chain storage of data. By using Genaro’s original SPoR+PoS mixed consensus mechanism, public chain processing speed is expected to increase to a hundred times as fast as that of the current Ethereum, and meanwhile greatly enhance the data reading efficiency of decentralized storage network.”
It is known that SPoR (Sentinel Proof of Retrievability) is a consensus mechanism in the field of storage. The famous IPFS uses the traditional PoR, and Genaro carried out further exploration and engineerilized the SPoR algorithm with a higher efficiency in data reading. DAPP data is transmitted in the Genaro decentralized network and the transmission is verified by the “Challenger” node. At the same time, transaction records associated with this data transfer are recorded in the public chain and the “Challenger” node after finishing the verification can be regarded as a trusted node, which means “Stake Node” participates in the PoS (Proof of Stake) consensus mechanism of public chain. According to theoretical analysis, this mixed consensus mechanism will achieve a processing speed of million instructions per second, and even surpass that of EOS. Meanwhile, it also solves the problem of out-of-chain storage of data and realizes the revolution of turning “cloud” into “blockchain”.
Shen Bo, the matchmaker to facilitate settlement of the first application of Genaro Eden
It is reported that after months of cooperation, Genaro Network and Storj Labs have jointly completed the development of Genaro Eden. Genaro Eden has already published the source codes for Unix and Mac versions and released the beta version software for download. The Genaro Network bridges clients to Libstorj and shares node resources with Storj. In this way, Storj nodes that contribute resources through Genaro Eden become the prior trust nodes of the Genaro Network hybrid mechanism. With more than 60,000 API users from Storj and nearly 100,000 Genaro Network community members, the first reserved nodes have achieve the PB scale and will be further expanded later.
The subtlety of Genaro Eden is that it is the first Genaro Network-based application, and its user sharing storage space also forms part of Genaro’s storage network for other Genaro Network-based applications to store data. End-users and developers benefit at the same time.
Shen Bo is the contributor to this historic cooperation between Genaro Network and Storj Labs. Shen said: “Incentive compatibility is the key to cooperation. At the present stage, it is still too early to prepare for competition in the blockchain industry. As Storj and Genaro share different orientations, their cooperation in the storage field not only brings about reciprocity and mutual benefits, but also further promotes the development of blockchain infrastructural technology.”
Blockchain 3.0 New Era, wait and see
Genaro has an ideal philosophy and we all have witnessed its growth step by step. The development of the infrastructural technology revolution is not an overnight thing, and sometimes it takes 5 years to solve a technical bottleneck. Of course, sometimes a technological revolution breaks out within just a few months. The blockchain 3.0 revolution has just begun, and let’s look forward to what we can expect from further cooperation between Shen Bo and Genaro.
About Shen Bo
Founder of Fenbushi Capital and BlockAsset Fund.
About Larry Liu
Founder of Genaro, early developer of blockchain, Silicon Valley engineer and entrepreneur.
About Genaro Network
Genaro Network, the creator of Blockchain 3.0 Ecology, is the first Turing Completed public chain that incorporates a decentralized storage network. Genaro’s original SPOR (Sentinel Proof of Retrievability) + PoS (Proof of Stake) mixed consensus mechanism aims to create a blockchain platform with a processing speed of million instructions per second for big data, which is the infrastructural technological revolution turning “cloud” into “blockchain”. Genaro offers developers a one-stop platform for deploying smart contracts and storing the data needed for DAPP at the same time, while providing everyone with a more trustworthy Internet and sharing community.
