What is GateChain and what distinguishes it from other block chains?
GateChain is a public blockchain dedicated to blockchain assets safety and decentralized exchange. Gatechain aims to solve two safety issues which we believe are not solved by other public chains, including
1) The recovery of stolen digital assets
2) The retrieval of lost private keys.
The new invented onchain-safety-account and customizable-time –delay-recovery feature guarantee the blockchain asset safety even after the leakage or destruction of the private keys.
We would reveal more details when the Gatechain Mainnet is launched. We would also make it open source to benefit users and the community.
What does GateChain Ecosystem consist of ?
GateChain is developed by Gate.io team. Being a veteran in exchange operating fields for more than six years , Gate.io have already built up skilled technical team, strong international community and many others.
Right now GateChain has almost reached the final testing stage with the MVP version of GateChain wallet completely developed. In the near future, with GateChain wallets and the decentralized exchange powered by GateChain in our disposal, we believe we can deliver you the interoperability of data sharing and simple functionality from multiple protocols within one single ecosystem.
What sets the DEX powered by GateChain apart from other DEXes?
Although decentralized exchanges are more transparent, open, and secure, problem with them is that they provide for a horrible user experience and confusing steps / transactions.
Also,When it comes to speed , centralized exchanges still have the upper hand.
GateChain uses ultra-high speed trading engine and original cross-chain technology, which makes order placing and matching happen at real time. It only takes 1 second to confirm a transaction and reach instant block finality.
Moreover ,the fee structure would still employ the lowest fee scheme of Gate.io
What are the advances about the Onchain Wallet?
GateChain Onchain wallet is able to embrace the best side form both onchain and offchain wallet in the market.
Most of the onchain wallets often require users to save mnemonic phrases or private keys and there always are some potential risks about certain devices being hacked or digital assets being stolen.
With our onchain wallet , users will be able to have an worry-free experience when it comes to private key losing and unusual circumstances.
Meanwhile，assets can be viewed and tracked any time on blockchain and no one can access your money without your authority .
There is more to come with our pushing to link digital assets services without extra fees, and we will strain every nerve to polish all the parts that make up the whole ecosystem.
To continuously keep up with our latest progress, please follow our social media account down bellow:
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