The first step in the development work for Geeq’s protocols was a proof of concept for independent node’s individual validation of standard coin transactions, including the self-audit feature of the network when the proofs provided by nodes diverge.
A browser demo was released in February 2021. Also, find out more about Geeq Pay. Being able to make and receive payments is the first hurdle for any decentralized blockchain technology-as-a-service.
Geeq’s token team handled the launch of the Geeq ERC-20 on August 6, 2020, very smoothly. Here is the information.
Name – GEEQ
Contract address – 0x6b9f031d718dded0d681c20cb754f97b3bb81b78
Decimals – 18
Etherscan link:
https://etherscan.io/token/0x6b9f031d718dded0d681c20cb754f97b3bb81b78
Please visit our Token FAQs, Token Announcements, and Web-Staking.
Geeq Co-Founders John P. Conley and Stephanie A. So submitted a patent application for their invention of “Apparatus and Methods to define and use bearer tokens, certified tokens, and applications using bearer tokens and certified tokens” on October 8, 2020.
The technology is described in this announcement.
» Read more about: Patent application – hash-locked accounts »
The next step was to prove Geeq could scale to settle micropayments easily on-chain. Micropayments has always been one of the target use cases for Geeq’s high volume, low margin, multi-chain infrastructure. Micropayments were developed using Geeq’s bearer token technology submitted in the second patent application.
Using a simple web wallet in the Chrome browser, Geeq released two versions of Geeq Pay for the community to see Geeq’s technology in action to process micropayments as they were funded and spent for content (video,
Application transactions use a different template (data structure) than simple validation transactions. Applications are supported by a pair of simultaneously constructed Geeq chains.
An application transaction is submitted with a data payload in addition to its header. When the transaction is validated, the header is included in the validation layer block and the payload is added to a corresponding application layer block.
Geeq Data is Geeq’s first native web application. It uses Geeq’s ground-breaking method of scaling while every application transaction is settled securely on-chain. Geeq apps do not require smart contracts.
Geeq Data is an attestation service: an obvious area where businesses and individuals will benefit from Geeq’s efficient, sustainable, reliable, and uniquely neutral blockchain protocols.
