Skip to content

GBGC Chain (GBGC)

What is GBGC Chain (GBGC)?

GBGC Chain (GBGC) brings EVM-compatible programmability and native cross-chain communication with GBGC Chain (GBGC) using an innovative consensus of Proof of Authority(PoA)

Why is GBGC Chain (GBGC) designed as a separate chain from GBGC Chain (GBGC)?

The execution of a Smart Contract may slow down the exchange function and add non-deterministic factors to trading. Even if that compromise could be tolerated, it might be a straightforward idea to introduce a new Virtual Machine specification based on Tendermint, based on the current underlying consensus protocol and major RPC implementation of GBGC Chain (GBGC). But all these will increase the learning requirements for all existing dApp communities, and will not be very welcomed.

How does GBGC Chain (GBGC) work? What is the architecture and consensus used?

GBGC Chain (GBGC) relies on a system with Proof of Authority (PoA) consensus that can support short block time and lower fees.

There will be fewer validators on GBGC Chain (GBGC) testnet.

Can you tell more about Proof of Staked Authority(PoSA)? What is it?

PoSA is a combination of PoA and PoS. Blocks are produced by a limited set of validators, they are elected in and out based on a staking based governance. Validators take turns to produce blocks in a PoA manner

What are the benefits for developers to build on GBGC Chain (GBGC)?

  • EVM-compatible: GBGC Chain (GBGC) supports all the existing Ethereum tooling Fast block time, cheaper cost
  • Native cross-chain trasfer & communication: GBGC DEX remains a liquid venue of exchange of assets on GBGC Chain (GBGC) and GBGC Chain (GBGC)"

What are the benefits for developers to build on GBGC Chain (GBGC)?

GBGC Chain (GBGC) opens the gate for users to take advantage of the fast transferring and trading

What make GBGC Chain (GBGC) different?

Key Innovations:

  • Proof-of-authority Consensus

  • Native Cross-Chain Communication

  • Expand the use cases of GBGC token

GBGC Chain (GBGC) is EVM-compatible. What does that mean?

EVM means Ethereum Virtual Machine. Any smart-contract written to run in EVM can be easily ported to GBGC Chain (GBGC).

Can developers make hybrid Dapps using both GBGC Chain (GBGC) and GBGC Chain (GBGC) in one single Dapp?

Yes, with the help of native cross-chain functions