PAC Global Development News and Planned Network Update
It's no secret, over the last few months, the PAC Global Development team has been extremely busy working on game changing advancements. Related to the depth of these developments, the entire PAC Global team insisted that detailed information be made available to our loving community and we all remain open and responsive to share this great new technology. We're honored you’re taking the time to read this exciting announcement filled with both education and information.
First, it’s important to discuss a remarkable vision that lies within the PAC Global Network and its massive web of decentralized servers.
It’s commonly understood that centralized storage is unwise, related to it being risky and unsafe. Centralized entities create too many single points of failure and increases the cost for security of data. A solution to this is a decentralized network, which is designed to eliminate single points of failure and provide superior performance.
The PAC Global Network consists of nearly 10,000 Masternodes, all required by the network to maintain optimal network connection 24/7. Not only does PAC Global boast impressive transaction speeds for the native PAC, but with its 24/7 Masternode layer of the network, it allows us to explore the use cases capable of being supported.
The Yan Network: Masternodes And Beyond
Welcome to the Yan Network. The Yan Network is a private IPFS Network supported by the PAC Global Holdings LLC operating Masternodes. This Network is capable of being supported by each Masternode without interfering with the necessary resources to maintain the PAC Global Network activity.
For the Yan Network’s initial release, each node provides roughly 500MB of data storage capacity, and we are already exploring options as to how more resources can be dedicated to the Yan Network to increase storage capacity. With each individual server supporting the PAC Global Network and the Yan Network, it creates a web of decentralized servers all contributing to a data storage/sharing network. As more servers connect to the Yan Network, more storage capacity is created, allowing the abundance of resources required to support any product, project, or use case needing a large decentralized storage network.
YanDNA: The First Product
The first product to be supported by the Yan Network has already been in development and has been lovingly termed ‘YanDNA.’ YanDNA was an honorary name given by PAC Global Directors after one of their lead product developers. The product is web based and allows users to experience enhanced file storing and sharing with friends and family, or personal, private, business purposes. This product impressively has the ability to encrypt files, or allows public accessibility.
Many have stated the YanDNA project can be viewed as a progressive alternative to popular options for data storage and file sharing needs.
Similar to the PACapp release, we are putting in all our efforts to debut a visually stunning and effortlessly simple to use UI. We are aiming to have seamless technology, where the use of a blockchain product feels just as natural as current, yet dated, alternative storage solutions.
Data Storage Farm
As PAC Global and Yan Network blossom and expand together, the amount of storage available grows without limit. This vast space capacity provides endless companies and projects the storage solution they have desperately been needing and praying for. This merely showcases one of the many provided benefits within the PAC Global Network. A truly decentralized network can not be purchased: a decentralized network only exists because the users decide to support the network. The infinite value within a decentralized entity is unparalleled once a proper use case is introduced. The crypto community is confident in the PAC Global Network and excited to see the performance showcased while supporting the Yan Network.
Public Yan Network Release
A public version of the Yan Network is being developed where any individual can connect a masternode server or a personal server to provide resources. This will be released separately so that the PAC Global Network can provide a community supported version and a PAC Global Holdings LLC version. Both networks are supported by the LLC. Companies may request our Yan Network for their storage needs. We aim to make this possible for all, so anyone can verify their ownership of a Masternode and provide the necessary resources reliably. This helps grow the capacity our network can offer, but with over 3500 Masternodes already connected to the Yan Network, provided by LLC operating managers and verified partners of PAC Global Holdings LLC, we have already achieved optimal security and reliable uptime. We have roadmapped more strategic partnerships, so they can acquire their own cluster of Masternodes to strengthen the decentralization of the network and grow the capacity of the Yan Network.
Scalability and Growth
PAC Global is technologically mature, yet blockchain technology is still in its infancy. With a large established network, one could assume it has taken ample amounts of time to grow. However, the blockchain technology used to grow the PAC Global Network launched in February 2018. In the last two years, many changes, updates, and innovations have resulted in a stable network with optimal performance. Noting the youth of blockchain, technologists look forward with excitement and anticipate the possibilities of growth within the already existing large network as more nodes are collateralized for service.
PAC Global Holdings LLC development update for the PAC Global chain
After many discussions with our team and development leaders, we are grateful to present our next PAC Global Network update. There have been some minor bugs reported over the past months that our development team has been monitoring.
PACSafe
The gorgeous UI/UX wallet developed by one of our lead developers, Yan, is near completion. Upon completion of this update, PACSafe is scheduled for release. This will include the easiest method for connecting a Masternode to the PAC Global Network for those that struggle with the traditional method.
This press release may include ''forward-looking statements.'' To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures that PAC Global may file from time to time. Forward-looking statements speak only as of the date of the document in which they are contained, and PAC Global does not undertake any duty to update any forward-looking statements except as may be required by law.