The Geeq Project

The Geeq Project

Secure, Flexible, Truly Decentralized Blockchain

The Problem: Blockchains that don’t Work

Security: Proof of Work (PoW) protocols are only 50% Byzantine Fault Tolerance (BFT). Proof of Stake (PoS), and Directed Acyclic Graph (DAG) approaches are only 33% BFT.

Scalability: Limited TPS and competition for computation, storage, and bandwidth between users.

Centralization: A single mother chain or validator set, governance through a foundation or committee, central points of trust or failure.

Cost: High transactions fees or large resource costs imposed on users to validate transactions.

The Solution: GeeqChain

Security: Geeq’s Proof of Honesty (PoH) consensus protocol is 99% BFT.

  • PoH is not vulnerable to attacks by centralized mining pools, groups of wealthy stakeholders, or even hostile state actors.
  • PoH does not depend on an honest majority of validators or miners.
  • PoH moves security to the edge; users can protect themselves and do not depend on the good behavior of centralized networks of validators.

Scalability: Geeq is a secure ecosystem of independent but interoperable blockchains.

  • Unlimited scalability built into the ecosystem by design.
  • Local Area Blockchains can be established on an ad hoc basis for any purpose with whatever features the use case requires.
  • Each instance of GeeqChain has its own separate, flexible, independently customizable, application and validation layers.

Decentralization: A network of networks.

  • GeeqChains each have their own independent network of validators. No need for applications to share computational resources or transaction space in blocks.
  • Decentralized, edge-based security model.
  • No main chain, no side chains, no lightning networks. All GeeqChains are created equal.

Cost: Transactions cost of less than $.0001 (1/100th of a cent). Minimal environmental cost.

  • Micropayments of one penny can be made at a transactions cost of 1% or less.
  • IoT devices can create hourly records on GeeqChain for less than $.90 per year, and minutely records for less than $50 per year.
  • GeeqChain opens up a whole world of new possibilities for applications with high volumes of transactions having low individual worth.

The Value: Blockchain that Solves Real Problems

IoT: Billions of connected devices need a secure, cheap, immutable way to record telemetry and data to create accountability, improve functionality, protect against liability, and allow provable auditability.

Disintermediation: Geeq micropayments allow streaming payments for content and services and make possible the creation of a wide variety of decentralized two-sided person to person, and machine to machine markets.

FinTech: Secure tokenization of stocks, bonds, and other financial instruments.

Transparency: Certified, immutable, public records, legal filing, and chain of custody

Distributed Business Process: Real estate, logistics, provenance, insurance, settlement, and other applications can be custom built on Geeq’s secure, interoperable, federated platform.

Inflexible, high cost, non-scalable blockchain has limited value.

Insecure blockchain has no value at all.

The Geeq Project allows blockchain to be all it was meant to be.

Try out new demo at Geeq.io

For more information see our:

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