Author: Geon Network

Geon introduction

The broad adoption of most popular cryptocurrencies is hampered by many factors. A steep learning curve for end-users, low transaction throughput, regulation and few others top the list. We propose a solution, called Geon Network, which addresses some of these issues by providing a frictionless user experience and improved efficiency. It builds on top of a new generation blockchain and adds a thin service layer responsible for transaction optimization and batching. In addition, we introduce a new concept called geomining, which is based on proof-of-location and allows users to ‘mine’ a cryptocurrency based on their geolocation, rather than using expensive …