Genesis Space Project Overview
Background
The founder of Genesis, Alex, obtained a job in the British Council after graduation where he
made his first contact with sociology concepts originated from some nonprofit organizations of
the UK. After that, Alex furthered his studies in the US and obtained the Master of Arts from
Columbia University.
Upon graduation from Columbia, Alex started his first business in Silicon Valley, CA—he
founded and operated an inverse crowdfunding community in the Chinese circle of North
America from 2013 to 2017. This undertaking was also the first application of Intention
Economy proposed by Doc Searls (a researcher from Harvard University’s Berkman Klein
Center for Internet & Society), in real economic behaviors, winning intensive social responses.
Alex founded and launched Bacaoke Rich Function Editor in 2017, a content generation platform
in Shanghai. The Editor acts as a publicly-accessible tool for the community, bridging closely
between transactions, social-network and contents. On the other hand, the success of this project
further proves the feasibility of a three-pronged pattern integrating transaction, community and
content.
Genesis of “Genesis”
20 years ago, John Barlow published the famous “A Declaration of the Independence of
Cyberspace”:
“We will create a civilization of the Mind in Cyberspace. May it be more humane and fair than
the world your governments have made before.”
John Barlow’s online Utopia encouraged a host of internet pioneers. In his design, the virtual
world consists of transactions, communication and thought itself. The community enlarges and
evolves fairly and equitably through varied self-regulating methods. This virtual world is what
Team Genesis yearned for, what Alex’s entrepreneurial experience proves feasible, and what can
be realized by current blockchain technology. This is the fountainhead of Genesis Space.
6
Features
- Consensus Protocol: DDPOS. High TPS; a balance between meritocracy and
democracy; avoid becoming a dictatorship of the few. - Sophisticated System Upgrading Mechanism: In the blockchain world, each upgrade is
a hard fork. Due to all sorts of reasons, some users do not choose to upgrade their clients,
thus detaching from the consensus with the latest clients and depreciating the value of the
system. Genesis builds-in the functionality of voting, so that the upgrade will be
automatically conducted when the majority of the community reaches a consensus. As a
result, the value of the system will be inherited even after the system is upgraded. - DApp Store (V1.0): In the traditional concept, main chain is akin to windows operating
system, on which DApps are inconsistently scattered and disorganized. In Genesis, DApp
Store is the entrance for all normal users, upon which developers and users must comply
with certain rules and regulations. As a decentralized autonomous organization, the
regulating system is decided and voted by community members. As for the original ruling
principals, Genesis introduces a ranking mechanism similar to Reddit (ranked by users’
votes). - Sidechain with Built-in Storage: Almost no existing blockchain infrastructure has any
built-in storage functionality. Although platforms such as Storj and siacoin enable
developer to store data, these chains are sophisticatedly designed, which are much more
suitable for professional decentralized storage scenarios. However, Genesis sidechain has
a built-in data storage economic system, which allows developers to call directly when
they are developing applications in need of a huge database. - Development Completed 30%: Coded through Rust. The programmed system is secure,
concurrent and efficient. Framework Chain is estimated to launch by September 2018 and
the testnet of the mainnet by December 2018. - Compared with other public chains: As a blockchain operating system, Genesis is
scalable through sidechains. A comparison with the existing infrastructures is as follows:
