CA-GIANT-PROTOCOL
GIANT Protocol, a leading-edge web3 protocol building a decentralized connectivity economy, today announced the release of its Litepaper, laying out the various components of GIANT Protocol’s ambitious proposal to decentralize and democratize access to the internet and financial services through a web3 telecommunications layer. GIANT plans to roll out the first iteration of its mainnet in the first half of 2022, so the publication of the Litepaper marks a critical step in ensuring GIANT Protocol’s commitment to being an open-source, public protocol built to support a globally connected world.
GIANT Protocol made its debut in November 2021, announcing its intention to build a tokenized bandwidth platform that will allow anyone with a mobile phone to access the internet and earn rewards based on their connectivity. With a founding team well-established in the telecom sector, GIANT Protocol intends to leverage existing network providers, allowing it to rapidly scale its network.
In December 2021, GIANT Protocol announced it had successfully raised $5 million in a seed funding round led by leading blockchain investment firm CoinFund. Now, the project is pleased to build on this progress with the publication of the Litepaper.
The Litepaper was co-authored by Suruchi Gupta, Founder, and CEO of Giant Protocol, along with the GIANT team. Speaking of its publication, Ms. Gupta commented: “The GIANT Litepaper lays out in detail the context and strategy for building a global telecommunications network that can deliver the benefits of web3 to everyone. We want it to convey our ultimate vision for GIANT: to make internet access more than a boring utility, transforming it into an exciting opportunity for better, faster, and more accessible internet access and accompanying financialization potential.”
Along with contextualizing the need for a global decentralized connectivity economy, the Litepaper provides an overview of GIANT’s proposal for its core connectivity infrastructure. It also outlines the GIANT tokenomic model and explains the DAO governance structure that will manage the protocol, including the role of the GIANT Protocol Foundation, a non-profit organization dedicated to supporting the protocol.
Finally, it shows what to expect from the first implementation of the GIANT Protocol – a wallet, a consumer software for end users to interact with GIANT, a provider software for network providers to offer internet access via GIANT, and a validator node software.
GIANT Protocol now invites feedback on the Litepaper from interested stakeholders who wish to be involved in the development and adoption of the GIANT Protocol, whether they’re network owners, developers, or data consumers.
To view the Litepaper, please visit https://giantprotocol.org/litepaper/
About GIANT Protocol
GIANT Protocol was founded in 2021 to decentralize and democratize access to the internet and financial services by tokenizing bandwidth. The project partners with telecommunications and connectivity providers across the globe to create a decentralized connectivity economy, allowing anyone with a mobile phone to participate.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220127005732/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
E4LIFE19.4.2024 17:14:35 CEST | Press release
“e4life” is Present at Expomed Eurasia with its Innovative Device Able to Inactivate Flu and Covid Viruses With an Efficacy over 90%
CA-QUALCOMM-INCORPORATED19.4.2024 15:01:33 CEST | Press release
Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call
CO-NEWMONT-CORPORATION19.4.2024 14:57:33 CEST | Press release
Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer
TX-SLB19.4.2024 12:51:33 CEST | Press release
SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025
CO-ZAYO-GROUP19.4.2024 09:01:30 CEST | Press release
Zayo Group Appoints New CEO of Zayo Europe
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom