GChain is a fork of the Ethereum Network, so it goes without saying that most of the mechanisms, concepts, tool and binaries tools including documentation, are largely derived from Ethereum. Building on that EVM compatibility foundation, GChain introduces a system of 33 Validator Nodes (BlueNodes) with Staked Proof of Authority (PoSA) consensus that supports shorter block time and lower fees, these will be the 33 Nodes Validators that will carry out the entire consensus of the Network plus 467 Support Nodes of the network which are staking validators. In addition, double sign detection and other break logic to further ensure string security, stability, and finality in the blockchain.
GCHAIN is a self-sovereign and decentralized blockchain that provides security and protection to the validators and the entire network.
GCHAIN is EMV-compliant. Which enables all existing Ethereum tools along with faster finality and super low transaction fees. The staked authority test brings decentralization and community participation. As a native currency, GSYS COIN works for both; the gas from the execution of smart contracts and tokens for Staking Validators.
GSYS COIN is the native cryptocurrency, which will run on GChain, in the exact the same way that ETH runs on Ethereum, this means that GSYS can be used to:
• Pay gas to implement or invoke a smart contracts.
• Perform cross-chain operations, such as transferring token/coin transfering via Gchain to different networks, protect the network by staking or delegating.
Blockchain technology is the most robust, impressive and impenetrable technology created. This is one of the most important reasons why all cryptocurrencies are developed on the blockchain. As its name suggests, a blockchain is a set of blocks connected to each other by an impenetrable algorithm.
The logic behind blockchain technology is simple. Blockchain is decentralized in nature, any member of the network can check and verify the block at any point, is a transparent online accounting system, therefore it is the most trusted in terms of security, integrity, transparency and reliability. All transactions in the block can be reviewed, validated and verified by all members of the network. Before a single block is approved, all members of the network must reach a consensus:
Block = Data (sender, recipient and amount to be sent) + Hash (the unique signature) + Hash of the previous block A block includes the following: The first block in the blockchain is the Genesis block. Being the pioneer block in the blockchain, it does not have a previous hash. However, it does produce a hash (a unique signature) for the consecutive block. The second block uses the previous hash and produces a hash for the next block. This cycle continues uninterrupted.
Total Lifetime supply: 33,000,000
Initial Circulating supply starting July 2023 will be 15,000,000 the rest of the supply will be distributed as follow:
The remaining 18 million coins will be released in amounts of 1.8 million coins every two years.
-1.8 million 07/15/2025
-1.8 million 07/15/2027
-1.8 million 07/15/2029
-1.8 million 07/15/2031
-1.8 million 07/15/2033
-1.8 million 07/15/2035
-1.8 million 07/15/2037
-1.8 million 07/15/2039
-1.8 million 07/15/2041
-1.8 million 07/15/2043
The total supply will be in circulation by the year 2043.
GWALLET is a decentralized web wallet that operates in GCHAIN network and allows users to securely store, send, and receive Genesys coins or tokens deployed in Gchain without the need for a central authority. Unlike centralized web wallets, GWALLET is decentralized and gives users full control over their digital assets, and do not require to trust a third party to hold their funds.
Genesys View App is a powerful web3-based application developed by Genesys Network Blockchain Ecosystem,designed to provide real-time trading insights and analytics , Advertisement tool, p2p crypto commerce, Launchpad and more. GVA APP aims to provide comprehensive products and services in just one platform.
NFT Marketplace
Protecting intellectual property is crucial for artists and creators in today's digital world, where it's all too easy for their work to be stolen and used without permission.
This is where Genesis of Blue NFT Marketplace plays a vital role in protecting intellectual property. Genesis of Blue NFT Marketplace provides a KYC protection mechanism for artists and creators to prove ownership of their digital creations, which can include anything from digital art to music to videos. When an artist creates an NFT, they have a unique digital asset that is tied to their identity and cannot be replicated or duplicated. This makes it possible for them to sell their work without fear of it being copied or stolen.
Genesis of Blue NFT Marketplace protects intellectual property and can offer several benefits to artists and creators. For example:
Proving ownership: KYC, artists and creators can prove that they are the original creators of the work. This can help protect them from others who might try to claim ownership of the work or use it without permission.
KYC Ensures authenticity: NFTs are unique and cannot be duplicated or replicated, so buyers can be sure that they are purchasing an original work from the artist or creator.
Enforce copyright: Genesis of Blue NFT marketplace can help enforce copyright by ensuring that buyers are aware of the terms and conditions of the sale, including any restrictions on how the work can be used.
Provides legal protection: If someone does use an artist's work without permission, Genesis of Blue NFT marketplace can provide a record of the transaction and help the artist take legal action.
In short, Genesis of Blue NFT Marketplace protects intellectual property and can provide artists and creators with a way to monetize their work while also ensuring that their rights are protected. By creating a secure and trustworthy platform for buying and selling digital assets, these marketplace helps to promote creativity and innovation while also preventing theft and infringement.
Blue Lotus DAO is the best place to trade and earn on networks such as Ethereum, Polygon, Binance Smart Chain (BSC), Avax & others; you can get the best rates for your token swaps and earn more with your token assets.
As DeFi's first multi-chain Dynamic Market Maker and the main protocol in Blue Lotus DAO's liquidity hub, Blue Lotus DAO is both a decentralized exchange (DEX) aggregator and a liquidity source with capital-efficient liquidity pools that earns fees for liquidity providers.
Unlike the static/fixed nature of a typical AMM/DEX and other liquidity platforms in the space, Blue Lotus DAO is designed to maximize the use of capital by enabling liquidity aggregation for the best rates, extremely high capital efficiency, and reacting to market conditions to optimize returns for liquidity providers.
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