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GadgetCoin
No mining. Proof of Consensus algorithm ().
Digital currency for hardware, Internet of Things and M2M.
Instant transactions, transaction time is under 1 second.
Zero pre-mine. Coin forging starts in June 2015.
Written from scratch in C, C++ and NodeJs.
Smart Contracts.
Open source.
According to Atmel, there will be 50 billion devices connected to the Internet of Things by 2020 and we aim to target this market.
Our first application
GadgetNet - Peer to peer Video Streaming
Handling video streaming IoT devices and web-cams for adult entertainment and gaming broadcasters
Our first partner using the GadgetNet technology is
Watch our introductory video!
The 10 Hour Video Commission Right Contract (VICR10) is an investment product for angel investors. We are immensely grateful for the financial support of our angel investors. Their support helps to speed up the business development of our main sites and . With the angel investment from the VICR contracts we can be more aggressive on the market, setup live shows for well-established web-cam studios and start advertising campaigns to promote the jizzmo and streemo brands.
Our angel investors can purchase VICR contracts directly from the GadgetCoin wallet at wallet.gadgetcoin.org.
HTML5 Light Wallet
A VICR contract
The VICR contract costs US$ 30.00.
By buying the contract the contract owner receives 90 Ores and consequently will be able to forge GadgetCoins. The 90 GadgetCoins will be sold to the broadcasters during the cash out process. Since the broadcasters must pay the network fee in GadgetCoin it is guaranteed the GadgetCoin will be purchased from the VICR contract owners for a U$ 1 per GDC price.
Provides the contract owner (the angel investor) with 5% commission over 10 hours video streaming revenue. The 5% network fee that broadcasters are normally required to pay to the network will instead be allocated to the VICR contract owners for the duration of 10 hours as video streaming revenue.
Is an “A” class contract, which means its execution takes precedence over any other commission – the VICR contract is the first in line when the GadgetNet system allocates the commissions
The video streaming revenue is based on US$ 3.00 per minute rate which means the contract receives 5% commission after 600 minutes (10 hours). This equals US 90.00 revenue
When is the US$ 90.00 payoff considered complete?
It depends on the number of broadcasters on the jizzmo.net site. We plan to sign up at least 500 models in the first 6 months of operation. Since there are limited number of VICR contracts to be sold, If 500 models broadcast then the VICR contracts can be completed in one month from the date when the 500 models are active.
This agreement is beneficial for both parties. Using the angel investment money we can speed up the network development and our angel investors can realize a 300% profit within a relatively short time.
The main risk is the question of whether or not we can attract 500 models to the jizzmo.net brand from existing sites such as LiveJasmin and MyFeeWebcams? Worldwide there are an estimated 40,000 active models and since our platform pays 95% to the models, an unprecedented amount in the industry – we believe that we can.
Development Update
We are rolling out the peer to peer live video streaming application on the GadgetNet network. is built on the GadgetNet P2P live streaming technology.
What is streemo?
In a nutshell, streemo is an open source alternative to commercial live streaming services such as Ustream or the hosted Wowza service.
Why?
We believe there are three main issues with hosted live video streaming
1) Cost. Using a commercial hosting service the license fee for a university costs at least US$ 10,000 a year.
2) Security and privacy. Using a central server all data goes through the provider. The providers claim the stream is encrypted, but since their application is closed source no one can verify what level of security is applied nor guarantee the privacy of the participants. If you stream for instance a board meeting on the network of popular service providers, you don’t know who is monitoring the video session and accessing your corporate data.
3) Scalability. To stream a football game to 1 million viewers it’s not really feasible using the centralized current infrastructure. We believe our P2P streaming application can manage large audience live streaming. In fact, just like on the torrent network, more peers and more viewers increases network stability.
There is one more important use case for the P2P live video streaming: secure live video chat. Currently the video chat is running through centralized providers like Skype or Viber. Again, there is no guarantee that only the chat users can access the stream. An investigative journalist cannot use those services. Neither can whistle blowers, nor human right activists living under the control of totalitarian regimes without taking the probably unwise risk of exposing themselves to unwanted eyes. The encrypted peer to peer GadgetNet video chat that runs on I2P network is the perfect environment for a secure and virtually untraceable video chat.
Where we are with the application?
We are curently testing and wiring it up to GadgetNet. The plan is to roll the first working prototype out in the next few weeks at . This will be a centralized place for gamers, universities, conferences and all other users to promote their live video shows, but users can still run the P2P application without this centralized service.
Is technical support available for commercial users?
Yes, we will offer technical support for US$ 99 per month for 10,000 viewer hours to make sure your streaming infrastructure is in good shape. This is a more than a 90% saving on the Ustream US$ 999 per month for 5,000 viewer hours price.
Only a handful of VICR10 contracts remain available. Get in on the ground floor before this limited offering runs out.






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