Re: [ANN] TOKEN SALE - Gladius Network [GLA] - DDoS Protection On The Blockchain
Hey Gladius team! I have a question about your future product - it's written in the white paper that Gladius Network is going to utilize Ethereum network as a centralized database for storing the proxies and their associated service providers.
Is this a typo? Centralized database on Ethereum network?
Another, more important question is about the rewards for the nodes and pools:
You stated that you're going to use Ethereum smart contracts for token transfer. Does this mean that your token is a standard ERC20 token? If so then how are you going to address an average transaction cost of $0.30 in Ethereum network?
Additional problem is that to transfer an ERC20 token like yours one needs to have some ETH on their wallet. This poses certain limitations on how your system will work.
Please clarify what exactly you have in mind to solve these potential problems and if you do have something why didn't you reflect it in the whitepaper.
'Is this a typo? Centralized database on Ethereum network?
Another, more important question is about the rewards for the nodes and pools:
You stated that you're going to use Ethereum smart contracts for token transfer. Does this mean that your token is a standard ERC20 token? If so then how are you going to address an average transaction cost of $0.30 in Ethereum network?
Additional problem is that to transfer an ERC20 token like yours one needs to have some ETH on their wallet. This poses certain limitations on how your system will work.
Please clarify what exactly you have in mind to solve these potential problems and if you do have something why didn't you reflect it in the whitepaper.
This. Any answers? Seems like something that should have been outlined in the whitepaper.
As far as that being a typo, good catch should say decentralized.
The transactions are grouped together to lower the overall transaction costs, so pools could choose to pay out daily or based on the total amount earned in that period.
Our solution to that is to allow pools to take deduction from the total amount of GLA payed to a node and instead pay that portion in ether as well for paying for transaction costs.
Do you have more questions?
