ETHWaterloo represented the largest global Ethereum hackathon with over 400 participants coming from 32 countries, but it was the local Waterloo based GoNetwork team that stood atop the winners circle.
The 32 hour hackathon saw the judging performed by such notable names in the blockchain community including; Vitalik Buterin, Jeff Coleman, Brian Bondy, Joseph Lubin, Dmitry Buterin to name a few.
GoNetworks Team of Amit Shah, Rashid Khan and Xun Cai had 32 hours to produce a functional product and managed to deliver a mobile-first bluetooth based tap and pay system leveraging the Ethereum blockchain and was the only native mobile product amongst the 400 participants.
GoNetworks ETHWaterloo submission Pocket, was selected as one of eight winners! Presented to the most influential faces in the blockchain community including: Vitalik Buterin, the founder of Ethereum; Joseph Lubin , the founder ofConsensys; Joey Krug, the founder of Augur; Ryan Zurrer, a partner at Polychain Capital; Jeff Coleman of Ledger Labs;Dmitry Buterin of L4 Ventures.
Total token supply: 100,000,000 GOT
GOT Token type: ERC20
Purchase methods accepted: ETH
GoNetwork is designed for the trillion dollarmobile 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.
Our 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.
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.