GREAT CRYPTO NETWORK (GCN)

What is GREAT CRYPTO NETWORK (GCN)?

GREAT CRYPTO NETWORK (GCN) brings EVM-compatible programmability and native cross-chain communication with GREAT CRYPTO NETWORK (GCN) using an innovative consensus of Proof of Authority(PoA)

Why is GREAT CRYPTO NETWORK (GCN) designed as a separate chain from GREAT CRYPTO NETWORK (GCN)?

The execution of a Smart Contract may slow down the exchange function and add non-deterministic factors to trading. Even if that compromise could be tolerated, it might be a straightforward idea to introduce a new Virtual Machine specification based on Tendermint, based on the current underlying consensus protocol and major RPC implementation of GREAT CRYPTO NETWORK (GCN). But all these will increase the learning requirements for all existing dApp communities, and will not be very welcomed.

How does GREAT CRYPTO NETWORK (GCN) work? What is the architecture and consensus used?

GREAT CRYPTO NETWORK (GCN) relies on a system with Proof of Authority (PoA) consensus that can support short block time and lower fees.

There will be fewer validators on GREAT CRYPTO NETWORK (GCN) testnet.

Can you tell more about Proof of Staked Authority(PoSA)? What is it?

PoSA is a combination of PoA and PoS. Blocks are produced by a limited set of validators, they are elected in and out based on a staking based governance. Validators take turns to produce blocks in a PoA manner

What are the benefits for developers to build on GREAT CRYPTO NETWORK (GCN)?

EVM-compatible: GREAT CRYPTO NETWORK (GCN) supports all the existing Ethereum tooling Fast block time, cheaper cost
Native cross-chain trasfer & communication: gcn DEX remains a liquid venue of exchange of assets on GREAT CRYPTO NETWORK (GCN) and GREAT CRYPTO NETWORK (GCN)"

What are the benefits for developers to build on GREAT CRYPTO NETWORK (GCN)?

GREAT CRYPTO NETWORK (GCN) opens the gate for users to take advantage of the fast transferring and trading

What make GREAT CRYPTO NETWORK (GCN) different?

Key Innovations:

Proof-of-authority Consensus
Native Cross-Chain Communication
Expand the use cases of GREAT CRYPTO NETWORK token