Gravity coin is being developed in 2016 by Nickel Vincent. A guy being keen on crypto currencies since 2011 who is active in crypto community and translates Bitcoin Core into Gravity Coin.
Gravity Coin is decentralized crypto currency work using very popular block chain technology with mission to be top most ruling crypto-currency. We define an electronic coin as a chain of digital signatures. Each owner transfers the coin to the next by digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin. A payee can verify the signatures to verify the chain of ownership.
Gravity coin is the latest kid on the block of crypto currencies – a wave ushered by bitcoin back in 2008. Over the years, many alternative crypto currencies called altcoins have been launched. Following the success of bitcoin, these have grown to over 700 in number. Most of these versions have tried to come up with some competitive advantages vis-à-vis bitcoin, and while few have seen interest, many operate with a small market capitalization, volumes and circulation.
The Gravity Coin network goes live when the clients consent on the genesis block and start mining transactions on it. The genesis block will reference an initial system state where all the accounts set up by the presale exist with the correct amount of pre-issued ether allocated. Initially, the network will be in a "thawing" state allowing only blocks to be mined, but not transactions to be processed. This allows for users to have a break-in period to connect to the network while also building up its security.