Advertising revenue is extremely important to the Internet sector with even giants like Google, Yahoo and Baidu all relying heavily on income from advertising. Premium postings, banner spaces, pop-up and sidebar ads generate commissions from sales or click-through rates that websites often depend on for their very survival. At least, the ones that want to stay away from the subscription-based model and still maintain unique, high-quality content.
Gath3r adopts a new approach to in-browser mining with the introduction of a versatile native coin along with merged mining. The GTH coin works well with both browsers and apps, and has no UI issues, thus allowing new and existing coins to use Gath3r’s hashrate. Ultimately, this new model provides better profitability for web-miners, less centralization and a solution to a host of other issues commonly associated with new coins and low hash rates.
Gath3r’s blockchain will support merged mining of our blockchain via auxiliary chains. The parent Gath3r chain is better suited for browsers and apps, allowing new and existing coins to use its hashrate. By doing this, at scale we would be able to provide better profitability for web-miners and more importantly stop centralization and a host of other issues commonly associated with new coins and low hash rate. The parent chain needs no additional work to participate in merged mining. And the only additions to its blockchain are the auxiliary chain hashes that are added to its transaction tree. Smaller blockchain projects can use merged mining to tap into the hashing power of Gath3r’s larger parent chain. Ideally, miners would have no issue in switching to merged mining because they receive increased rewards for the same amount of work.
Gath3r will use a web lite chain with where a compressed web-lite blockchain node that is locally stored on the browser for very specific purposes only, leaving out much of the heavy data - thus making it feasible. The rest of the data will be on Masternodes which host the full blockchain - the web lite server syncs with the masternode - Masternodes are mandatory and web-lite chains will not work without them. This model promotes simplicity as it lowers barriers of entry by orders of magnitudes and will foster mass-adoption of cryptocurrencies. The main purpose is to establish consensus quickly to prove their accounts’ balances and send transactions into the network.
As an addition to our loyalty program, Gath3r will introduce a web based staking wallet. The benefits are that any coins that are earned by visitors can then be automatically sent to a web based staking wallet, allowing both the user and publisher to earn interest on their stake with ease. This encourages people to take control of their finances rather than leaving their private keys in the hands of third party services. The more cryptocoins miners stake, the higher their power to validate transactions on the Gath3r blockchain will be.
Gath3r will introduce Smart Contract capability that will enable the unification of blockchains through Gath3r and private masternode networks. Every auxiliary chain that forks/clones of Gath3r will inherit Gath3r’s in-built smart contracts functionality. This more auxiliary chains that exist, the more interoperability there will be between different auxiliary chains which are part of the Gath3r ecosystem.
Gath3r will integrate a one stop shop for all related crypto issuance needs of companies. This will give enterprises the option to develop and launch/fork their product/service on the GTH chain payable in USD,
The chain launch, development, and mining ( since the coin would be merged mined with GTH, and GTH would be mined by websites and applications ) are all covered under the service.
The Gath3r Foundation is the governing body of Gath3r.io. Part of the capital raised during the token sale witll be allocated to the Gath3r Foundation. The Foundation’s purpose is to help increase adoption of the GTH chain by Awarding grants ( both in GTH and FIAT ) to promising projects/developers who would then build on the GTH chain. Additionally, their secondary objective is to act as custodian and deploy funds if in case there are fiscal troubles with the GTH coin on the market. Gath3r has a holding company independent of the foundation and with no control over the foundation. The Gath3r Foundation will have a board made up of a majority of external stakeholders and a minority of Gath3r founders/advisors to ensure fairness, objectivity and transparency.
The chain itself starts as an unlimited supply blockchain that then transitions into a limited supply blockchain based on the below trigger factors:
Once the Chain moves to Limited supply with the initiation of trigger events Only 1,314,000 new blocks will be made, which is approximately 60,000,000 coins which takes about 5 years to mine.