Why GNX Has Risen for Two Weeks in A Row, and What Does Genaro Network Do for Web 3.0?
According to Huobi Global’s website, GNX has risen up to 173% in the last two weeks. It has gone through a retracement, but has maintained a steady upward trend for two weeks and is currently at 95% of its previous high. What kind of intrinsic value does GNX possess?
While investing does not guarantee that we will always be steadily profitable, it is important to remember that investing gives us an opportunity to move towards success. By focusing your sights across the horizon, you will be able to identify bigger and better opportunities that can catapult you to financial freedom. By doing ample research, investors are able to triumph in the crypto markets with ease.
Centralized Storage is Inherently Risky
Web 3.0 is a term that many of our friends are now beginning to understand, but we are still in the era of Web 2.0. Web 2.0 marks an era of links and interactions driven by social media. The most critical issue of Web 2.0 is personal data abuse and privacy violation, with repeated incidents of personal data breaches happening around the world.
When we are online, the data we contribute is stored by the relevant companies, and there is a risk of data leaks by these companies. Such data includes the user’s name, address, contact information, etc. Furthermore, these data may be used by malicious hackers for fraudulent purposes.
At present, most data are stored by a number of centralized organizations, such as Alibaba, Tencent, Facebook, Google, etc. This means that our data security is completely in the hands of these organizations. In contrast, Web3.0 offers decentralized data storage, privacy protection, identity authentication, and other benefits without the presence of these centralized intermediaries.
The role of Genaro in Web 3.0
In the Web3.0 era, Genaro Network plays an important role in ensuring data security. The advantages of Genaro Network in distributed storage technology can be said to be a very important part of the future of online data security. More focus would be on Genaro Network once Web3.0 has achieved mainstream adoption. Not only does Genaro Network have strong security measures, high performance, and great scalability, it also has a high degree of customizability: developers can customize services to adapt to multi-functional applications.
In terms of privacy protection, Genaro Network has introduced search encryption. As the name implies, it is a search query function based on ciphertext, and uses cryptography to protect users’ data privacy.
Genaro Network is a decentralized blockchain network committed to providing decentralized cloud storage services. This platform would be able to support multiple decentralized applications and will possess strong security, scalability, and privacy protection for its users.
The Genaro ecosystem includes the Genaro Network, GNX, Genaro APP, Genaro digital wallet, Genaro SDK, Genaro cloud storage, Genaro encrypted mailbox, and more.
The Genaro Network is the first smart data ecosystem with a Dual-Strata Architecture, integrating a public blockchain with decentralized storage. Genaro pioneered the combination of SPoR (Sentinel Proof of Retrievability) with PoS (Proof of Stake) to form a new consensus mechanism, ensuring stronger performance, better security and a more sustainable blockchain infrastructure. Genaro provides developers with a one-stop platform to deploy smart contracts and store the data needed by DApps simultaneously. Genaro Network’s mission is to ensure the secure migration of the core Internet infrastructure to the blockchain.