White Paper for Gander Coin – A P2P Blockchain Network Utility Crypto Coin Built Using Scrypt

Abstract

Decentralized networks are replacing centralized hierarchies. In other words, online payments strictly [P2P] could be transmitted directly from one party to another without passing through a banking institution. While digital signatures help, a trusted third party is still essential to prevent double-spending. This paper offers a peer-to-peer network solution with Gander. The network timestamps and transactions are processed by hashing them into a continuing chain of hash-based proof-of-work, establishing an irreversible record. The sequence of events the computational power of the CPU can be considered as evidence. Here, the chain or the network controls the computational power, ensuring protection from hackers as it is structured. While there are many other coins available in the market, we propose “Gander” based on Scrypt algorithm and list out the technical and realistic utility of Gander Coin in this Whitepaper.