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GateChain Development Update: January 2021 (IV)

2021-01-26 14:55:19Read:12640

Characterized by high decentralization and asset safety, GateChain has been performing outstandingly as a high-performance infrastructure for smart contract and DeFi applications.

Shortly after its mainnet launch on June 8th, 2020, GateChain’s PoS mining program was released, allowing everyone to build nodes and participate in PoS mining on GateChain. Showcasing innovative safety features (missing private key recovery and asset theft protection), GateChain’s mainnet achieves a processing capacity of over 2000 TPS (transactions per second).In other words, it can process up to 0.17 billion transactions per day. GateChain is a highly decentralized chain, supporting thousands of consensus nodes, allowing anyone to participate in PoS mining as a super node or by delegating their GT to a super node. It uses algorithms that can prevent risks posed by quantum computing of Grover and Shor algorithms, and factors in a node loyalty coefficient to further enhance the PoS safety. Within its incentive mechanism, GateChain innovates so as to effectively enhance the degree of decentralization.

Since the launch of the GateChain mainnet, we have been continuously upgrading the mainnet protocol. As our development work has progressed quickly, we are regularly releasing the development update to keep you posted. Currently, our focus has been on cross-chain, smart contracts, and DeFi. Below you can find what we have been working on as of late:

1. GateChain-EVM
1.1. Added new denomination wei in an effort to allow transfers between EVM account and Gatechain account, making it possible to display GT balance correctly in metamask and using GT to calculate and cover fees correctly, allowing for standard transfers between 0x-gt1, gt1-0x and 0x-0x.
1.2. Added gas-price checkpoint to contract transactions to ensure NANO GT as the minimum denomination.
1.3. Achieved contract query using 0x32 , instead of a 48-bit hash.
1.4. getTransactionCount updates nonce of account in real time.
1.5. Updated faucet check to allow testnet token applications from an EVM account.
1.6. GateChain EVM module is now compatible to MetaMask wallet.
1.6.1. In AnteHandler, process MsgEthereumTx seperately
1.6.2. Fixed ERC20 token display issues for MetaMask.
1.6.3. Fixed duplicated check of signatures in DeliverTx
1.6.4.Fixed incorrect txHash in GetTransactionByHash and SendRawTransaction.
1.6.5. Debug broadcasting transaction sequenlization, parameter passing, check, signature verification, etc , compatible to MetaMask.
1.7. Finished receipt interface debugging and compatible contract retrieving.
1.8. Added check and auto-resolving chainID to chainID that is compatible to mainnet and testnet
1.9. Added console logs to calls
1.10. Added support for compatible cli operations of account list and show
1.11. Updated GateChain crypto dependencies

2. Cross-Chain
2.1. gtWorker listens to gatechain registry
2.1.1. Listen to gt events and response accordingly
2.1.2. Listen to event and joint-debug with gatechain
2.2. gatechain-peggy module
2.2.1. Testing and bug fixing
2.3. Preliminary test passed and prepare for debugging with cross-chain contract. is an established exchange that holds integrity, transparency, and fairness to a very high standard. We charge zero listing fees and only choose quality and promising projects. Our exchange consists only of 100% real trading volume. Thanks to everyone who has joined us in our journey. We always intend to improve and innovate to reward our users for their continuous support. Team
January 26, 2021

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