Geeq

Geeq is based on a new blockchain consensus protocol called Proof of Honesty(PoH). PoH empowers users who hold tokens on the platform to determine for themselves whether the network of validating nodes is behaving honestly. This allows Geeq to provide 99% Byzantine Fault Tolerance (BFT) while delivering rapid transaction finality at extremely low transactions cost. An additional protocol based on economic mechanism design gives Geeq Strategically Provable Security (SPS). Geeq’s multi-chain architecture creates an ecosystem of interoperable instances that can safely share $GEEQs (the platform’s token) and native application tokens while supporting almost any type of internal business logic. This makes Geeq suitable for a wide variety of use cases, allows for upgrades and bug fixes without breaking protocol or instituting hard forks, and offers a flexible and more secure platform for startups and DApp developers who wish to take full advantage of blockchain’s potential. The $GEEQ itself is a stabilized-token supported by an innovative algorithmic monetary policy designed to reduce price volatility and make $GEEQ a less risky store of value and a more attractive medium of exchange.