GoNetwork is creating a highly scalable, low cost mobile first network infrastructure for Ethereum. The prime objective is to build a mobile first network for Ethereum ERC20 tokens that’s off chain. It is a fast, cheap and low latency infrastructure. A major concern with blockchain technology centers on speed and high cost of transactions. Transactions on blockchains like bitcoin are expensive and slow. With growing usage, Ethereum will fare no differently over time. GoNetworks solution solves this problem by allowing off-chain transactions. MASSIVE POTENTIAL GoNetwork is designed for the trillion dollar mobile economy and commerce market. GONETWORK MAKES ETHEREUM FAST State channels amortize the cost of transactions based on the number of off-chain transactions completed off-chain. Thus, in typical high-frequency workflows, the cost of transactions will be several orders of magnitude lower than running the transactions on Ethereum directly. INFRASTRUCTURE LAYER Our prime objective is to build a mobile first network for Ethereum ERC20 tokens thatтАЩs off chain. It is a fast, cheap and low latency infrastructure. MAKING TRANSACTIONS CHEAP A major concern with blockchain technology centers on high cost of transactions. GoNetworks solution solves this problem by allowing off-chain transactions.
Plutons are digital tokens issued to users on the Ethereum blockchain, these are native to the Plutus app. To provide an analogy, these tokens are similar to cash back or frequent flier miles. As a user, you will automatically be rewarded with a 3%* rebate in Plutons for every Bitcoin deposit you make towards a purchase. Plutons can be used within the Plutus app in the same way as Bitcoins. This means that you can use Plutons to charge your contactless balance just as you would with BTC, with the added benefit of zero fees and instant conversions.