Gnosis Chain Demonstrates Impressive Scalability Potential
Gnosis Chain Demonstrates Impressive Scalability Potential
🚀 Mind-Blowing Scalability Breakthrough
Gnosis Chain, an Ethereum-compatible network focused on credible neutrality and resiliency, has showcased its scalability capabilities. According to a retweet from the official Gnosis Chain account, the Gnosis decentralized autonomous organization (DAO) can handle up to 1000 transactions per second. This throughput is remarkably high, even surpassing the global transaction volume of Visa, which processes around 7000 transactions per second for the entire world.
> "1000 tp/s can still be handled by the Gnosis DA" True scalability within the Ethereum family may be doing a rollup on @GnosisDAO 1000 TPS is a lot. For reference, Visa does 7000 TPS for the entire world (that's nearly a billion transactions per day)
it very much depends on the compression factor of the rollup (how much data a state update consumes). My assumption is that the 1000 tp/s can stille be handled by the Gnosis DA. Maybe @mandrigin can confirm or deny.
Crypto Solving Real Financial Challenges
Recent developments highlight practical applications of cryptocurrency in everyday financial transactions: - Real-world implementation demonstrated by @functi0nZer0 showcases crypto's ability to address concrete financial challenges - Gnosis Pay partnership with @monerium enables seamless transition between on-chain and real-world transactions - Users can now easily move and spend digital assets in everyday situations *Key Innovation*: Bridge between traditional finance and crypto becoming more accessible and practical.
Gnosis Team Announces Packed Schedule for Devcon Week in Bangkok
The Gnosis Chain team has arrived in Bangkok for Devcon and related events. Key highlights include: - **Devconflict Forum** (Nov 9-10): Open discussions on Ethereum's challenges - **Notable Talks**: • Koeppelmann on Why Gnosis Chain isn't an L2 • SCBuergel's fireside chat with Vitalik Buterin • Gnosis AI team workshop on Prediction Markets - **Multiple Venues**: Team members will be present at ETHGlobal Bangkok, Pragma, Oracle Summit, and various ecosystem events *Developers can participate in the ETHGlobal Bangkok Hackathon to build cross-chain apps and DeFi solutions on Gnosis Chain.*
Orochi Network Joins Gnosis Chain
Gnosis Chain welcomes @OrochiNetwork, a new addition leveraging Zero-Knowledge Proofs (ZKPs) technology. Orochi Network aims to create a high-performance Verifiable Data Pipeline, designed to support: - AI/ML models - zkApps - dApps - Smart contract platforms This integration follows the recent launch of Spectre, @buildwithsygma's zero-knowledge light client coprocessor, on Ethereum and Gnosis Chain mainnet routes. Spectre offers: - Trust-minimized verification - High security - Increased speed - Low-cost zk verification at scale For more details on Orochi Network's integration, check out the provided link.
Gnosis Chain Welcomes New Validators in Decentralization Push
Gnosis Chain has implemented GIP-98, resulting in a significant boost to its decentralization efforts. Nearly 500 validators and node operators from diverse geographical locations have joined the network. Key points: - GIP-98 implementation successful - ~500 new validators and node operators - Diverse geographical representation This expansion aligns with Gnosis Chain's commitment to decentralization and privacy. Interested parties can participate through the HOPR Network hub. **Get involved:** Visit http://hub.hoprnet.org to learn more and potentially join as a validator or node operator.
Gnosis Chain Prepares for Full Stack Decentralization
Gnosis Chain is gearing up for a significant milestone: Full Stack Decentralization, set to launch on October 1, 2024. This upgrade aims to enhance the network's credible neutrality and resilience. Key points: - Launch date: October 1, 2024 - Goal: Achieve full stack decentralization - Benefits: Improved neutrality and network resilience The community-owned, EVM-compatible network is taking steps to further decentralize its infrastructure. This move aligns with Gnosis Chain's commitment to creating a robust and impartial blockchain ecosystem. Stay tuned for more details as the launch date approaches.