GCHAIN: Genesys network

GChain is a fork of the Ethereum network, so it goes without saying that most binary mechanisms, concepts, tools, and instruments, including documentation, are largely derived from Ethereum. Based on this EVM compatible platform, GChain introduces a system of 33 validator nodes (BlueNode) with Proof of Authority (PoSA) consensus supporting shorter block times and lower fees, which will be The 33 validator nodes will perform the entire consensus of the network plus the 467 nodes that support the network as staking validators. In addition, double-sign detection and other breaking logics further ensure the security, stability, and finality of the chains in the blockchain. GCHAIN ​​is an autonomous and decentralized blockchain that provides security and protection to validators and the entire network. GCHAIN ​​is EMV compliant. This enables all existing Ethereum tools with faster finalization and very low transaction fees. The staked test of authority brings decentralization and community engagement. As a native currency, GSYS COIN works for both; gas from the execution of smart contracts and tokens to the staking validator.
GSYS COIN is the native cryptocurrency, which will work on GChain, exactly the same way ETH works on Ethereum, this means that GSYS can be used for:
• Pay for gas to execute or activate smart contracts. • Perform cross-chain operations, such as transferring tokens/coins via Gchain to different networks, securing the network by staking or escrow. Blockchain technology is the most powerful, impressive and impenetrable technology ever created. This is one of the most important reasons why all cryptocurrencies are developed on the blockchain. As the name implies, a blockchain is a collection of blocks linked together by an impenetrable algorithm. The logic behind blockchain technology is very simple. Blockchain is decentralized in nature, any member of the network can control and verify the block at any time, is a transparent online accounting system, so it is the most trusted in terms of calculation. 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, receiver and deposit amount) + Hash (unique signature) + Hash of the previous block A block consists of the following elements: The first block in the blockchain is a Genesis block. As the pioneer of the blockchain, it has no previous hash. However, it generates a hash (a unique signature) for the consecutive block. The second block uses the previous hash and generates the hash for the next block. This cycle continues without interruption. Total lifetime supply: 33,000,000
The initial supply in circulation from July 2023 will be 15,000,000, the rest of the supply will be allocated as follows:
The remaining 18 million coins will be issued in the amount of 1.8 million coins every two years. GWALLET is a decentralized web wallet that works within the GCHAIN ​​network and allows users to securely store, send and receive coins or Genesys 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 does not require trusting 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 transaction insights and analysis, advertising tools, cryptocurrency transactions p2p element, Launchpad, etc. GVA APP aims to provide comprehensive products and services in one platform.
NFT Market
Protecting intellectual property rights is vital to artists and creators in today's digital world, where their work is highly vulnerable to theft and unauthorized use. This is where the Genesis of Blue NFT Marketplace plays an important role in protecting intellectual property. Genesis of Blue NFT Marketplace provides KYC protection for artists and creators to prove ownership of their digital creations, which can include anything from digital art to music to video. When an artist creates an NFT, it has a unique digital asset tied to their identity and cannot be copied or reproduced. This allows them to sell their work without fear of being copied or stolen. The Genesis of Blue NFT Marketplace protects intellectual property and can provide a number of benefits to artists and creators. For example:
Proof of Ownership: KYC, artists and creators can prove that they are the original creators of the work. This can help protect them from others who may try to claim the work or use the work without permission. KYC guarantees authenticity: NFT is unique and cannot be copied or reproduced, so buyers can be sure that they are purchasing an original work from the artist or creator. Copyright enforcement: The Genesis of Blue NFT marketplace can help with copyright enforcement by making sure buyers know the terms and conditions of sale, including any restrictions on how the work can be used. Provides legal protection: If someone uses an artist's work without permission, the Genesis of Blue NFT marketplace can provide transaction records and help artists pursue legal action. In short, the Genesis of Blue NFT Marketplace protects intellectual property and can provide artists and creators with a way to monetize their work while ensuring their rights are protected. By creating a secure and trusted platform for buying and selling digital assets, this marketplace helps foster creativity and innovation while preventing theft and counterfeiting.
Blue Lotus DAO is the best place to trade and earn on networks like Ethereum, Polygon, Binance Smart Chain (BSC), Avax and others; you can get the best price for your token transactions and earn more with your token assets.
As DeFi's leading multi-chain dynamic market maker and Blue Lotus DAO's primary liquidity center protocol, Blue Lotus DAO is both a decentralized exchange aggregator (DEX) and a liquidity source with capital efficient liquidity pools that generate fees for liquidity providers. . Unlike the static/fixed nature of typical AMM/DEX and other liquidity platforms in the space, Blue Lotus DAO is designed to maximize capital utilization by enabling liquidity pooling for best rates, extreme capital efficiency and react to market conditions to optimize returns for liquidity providers.
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