Gauss 1.0: Built With Efficiency and a Strong Infrastructure to Launch Rapidly
Last updated
Last updated
The Gauss Ecosystem 1.0 is built on a permissioned, EVM-compatible blockchain. We are utilizing the IBFT 2.0 consensus algorithm, a Proof of Authority (PoA) protocol. PoA protocols are a type of Proof of Stake (PoS) protocol. They give the ecosystem authority to permit or deny validator nodes and prevent unapproved smart contract deployment. Each node will be owned and operated by Gauss and our highly-trusted partners. Only these trusted nodes are “validators.” Each node in the pool takes turns voting to add or remove blocks, while the other nodes sign the new block to validate it.
IBFT is designed to be an enterprise-ready solution. These models offer immediate finality. Meaning there are no forks, and all valid blocks get included in the chain. This is one of the more secure blockchain options. It requires control over two-thirds of the validator pool to change, add, delete, or otherwise corrupt data. It also allows for a permissioned network, with granular permissions based on an account or node. These permissions allow us to prevent absolutely anyone from deploying smart contracts unless they are pre-approved, eliminating potential bad actors from our ecosystem.
Building upon our blockchain, we launched a blockchain explorer to provide a place for users to follow transactions in real-time, creating a necessary level of transparency for our community. We are also launching Noble Swap. This is a native token swap that allows users to exchange and stake any tokens in the Gauss Ecosystem. Noble Swap has a built-in NFT marketplace, so users can mint and trade all forms of NFTs.
