Giant is Not Binary Options Only

This  article tells about the potential of the Giant blockchain and clarifies  the situation with Giant.Exchange. Does it distract the community from  the potential of the Giant blockchain itself? Let’s see the difference between the binary options platform and the technology which underlies  it.

Can We Limit Giant to Binary Options?

We’ve  been working for almost half a year now, yet many still believe that  Giant is inseparable from binary options. It’s important to  differentiate Giant.Exchange — the binary options platform which has  already been described in several articles before — with the Giant blockchain network flexible enough to be used for many other purposes.

Everybody is now waiting for Giant.Exchange and anticipate its release and  subsequent upgrades. The Giant team will not limit its activities to  Giant.Exchange alone! This platform will be just the first DApp among  many to follow. It is not even necessary that the Giant team develops  the next DApps — the decentralized structure allows anyone to do so.

Community Expectations and the Market Uncertainty

One  of the most probable reasons why the public is focused on  Giant.Exchange is that it would be a solid proof of the masternodes  value. As a reminder: by owning a masternode, you will be able to become a Broker  and create your own binary options. This also opens up an opportunity  to provide the reference price data for Brokers by opening an Oracle  smart contract. The Giant masternode owners will also get to participate  in the votes dedicated to new underlying assets addition.

There  is a sea of scams in the sphere of masternode projects and the desire  of the community to see the platform that will confirm the value of  Giant masternodes is understandable. And yes, you will see this  confirmation soon, but we would like to highlight the fact that the  implementation of Giant.Exchange will also confirm the Giant blockchain  serviceability and prove that the whole concept is viable.

Giant.Exchange — a Prologue in a Bigger Story

We  have already written in the previous articles that Giant uses  JavaScript for smart contracts development. Today, JavaScript is the  most popular programming language. The Giant blockchain is prepared for  the future scalability, as its smart contracts can be updated and deleted.  Note that the smart contracts technology is still being added to the  Giant blockchain and this process requires time so that no related bugs  appear in the future.

Any  programmer or a team of programmers can use the open-source code of  Giant to build their own projects. This is what the Giant development is  all about: ultimately, we aim to provide a good digital production site  for fintech applications. The Giant Coin (GIC) will become a useful  payment tool for these future apps.

Giant Environment Needs Community Review

We  hope that you have comprehended the bigger picture: Giant has a much  wider potential than Giant.Exchange. It’s also important to note several  other aspects of our work.

The  achievements made by the Ethereum community are indisputable: it has  attracted many talented programmers and there are tons of project  implemented with the use of this technology. But the prevalence of one  smart contracts project, no matter how good it is, directly contravenes the principle of decentralization. Giant will provide a viable  alternative and thus decrease the level of monopoly of Ethereum in the  sphere of smart contract and decentralized application environments.

We  need to raise the level of community awareness about the technology  which underlies the Giant.Exchange — the Giant blockchain. It has its  own pros and cons described in a separate material.  Giant Coin, too, can be used as a full-fledged cryptocurrency in the  deals outside Giant.Exchange. We will tell more about the practical applications of the Giant blockchain and Giant Coin in next articles. The Giant blockchain promotion strategy will also be described there. The next material will describe the basic principles of our cooperation with potential advisers. Here, we would like to stress that our advisors should be competent enough to comprehend all the advantages and  disadvantages of Giant to make an expert evaluation. We are not going to  simply hire a person who will only speak pompous buzzwords about how Giant will transform everything — the realistic assessment of our  positive and negative features is much more valuable in the long term. Naturally, this cannot be achieved by cooperating with non-professionals.

Both  Giant fans and newcomers should consider what attracts them the most in  Giant and realize its full potential. For those familiar with  programming, our GitHub  repository might considerably help in this. Do not get distracted with  binary options — Giant is much more than betting on the assets price  motion.

Let  us know in the comments what you think about Giant as a blockchain  environment and what role you would like to fill the most in this  sphere.

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