Genaro Network is the first Turing-complete Public Chain with Decentralized Storage Network, a one-stop solution to deploy smart contracts and store data simultaneously. Genaro provides critical blockchain infrastructure for other blockchain-based solution providers as a replacement for cloud-based storage. We also provide secure storage for individuals. This section explains the basis for how that storage is provided to both providers and individuals.
The Genaro Hub is designed to be a revolutionary workspace where concepts of coworking, coliving, and cocreating are combined, and all linked together by a social and business community utilizing the Genaro ecosystem. One of the major components of the Hub will be the Genaro Accelerator, a resident incubation and acceleration platform that will support the creation of the DAPPS that utilize the Genaro Network. It will provide mentorship, technical expertise, marketing support, and community funding to allow the teams and projects to flourish.
Genaro’s network stores important data for DAPPs and, for individuals, stores files including photos, videos, documents and all other kinds of data, through decentralized networks instead of centralized services. Since data stored on Genaro’s network is both encrypted and separated into pieces that are randomly distributed to nodes managed by the Genaro blockchain, no one can read or rewrite your data without your private key. Moreover, you can set precise security configurations according to your desired data security level.
The Genaro Network stores your data on multiple nodes of a blockchain instead of on a single node. This procedure ensures all your data is retrievable at any time without the possibility of data loss. Also, Genaro always tries to find the nodes nearest to you to store your data. Thus, you can access your data much more efficiently than from a remote central processing unit.
For the usage price, Genaro will be cheaper than centralized storage service companies like Google Drive, Dropbox or Ali Yun. This is because Genaro network opens a fully competitive market for storage and frees unused storage space across the entire domain of Genaro network personal users and the excess storage and bandwidth of a variety of commercial providers. Centralized storage companies have to host a large number of centralized processors and storage units at both a high fixed cost for hardware and high variable cost for service, electricity and network bandwidth. Genaro takes advantage of unused storage (and distributes costs for electricity and bandwidth), across the community’s devices as well as excess capacity from commercial service providers.
https://genaro.network/en/documentation/whitepaper
