Genit Chain GNT
GNT
0.00002680
€
0.00 %
Change 24h
Market Cap
€ 0
Volume 24h
€ 13.80
Total Supply
100,000,000
GNT
€
# | Exchange | Pair | Price | Volume 24h |
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Description
Genit Chain is Blockchain L1 to relies on a system of PoA consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.
Improving the System
Decentralized: Genit Chain is validated by thousands of nodes that operate independently of each other, ensuring your data remains secure and censorship resistant guarantee security, stability.
Purpose:
To create a highly scalable, energy-efficient, and decentralized blockchain platform that addresses the limitations of current blockchain technologies.
To provide a secure and sustainable infrastructure for various applications, including those in finance, supply chain, gaming, and more.
Function:
Layer 1 Blockchain: Operates as a foundational blockchain network, enabling the development of decentralized applications and services.
Proof-of-Authority Consensus: Relies on a system of trusted validators to secure the network and process transactions, ensuring efficiency and speed.
Key Features:
- Decentralization: Validated by thousands of independent nodes, promoting data security and censorship resistance.
- Scalability: Designed to handle increasing transaction volumes without compromising performance.
- Energy Efficiency: Prioritizes sustainability through eco-friendly approaches, reducing environmental impact.
- High Security: Employs double-sign detection and slashing logic to safeguard the network.
- Smart Interface: Offers a user-friendly interface for developers and users.
- Acceleration: Focuses on speed and efficiency for transactions and processes.
- Multi-Chain: Interacts with other blockchain networks for greater interoperability.
- Maximizes Transactions and Control: Enables a high volume of transactions with user-controlled features.