On-Chain Safety Pioneer
After more than two years of development, we were overjoyed to announce the release of GateChain Testnet in September ,30,2019.
To promote the development of blockchain technology and its applications in the real world, GateChain focuses on applications around onchain trading safety.
The major innovation of GateChain is the introduction to the crypto world of On-Chain Vault Account and the RTM mechanism, which we have already covered thoroughly in previous articles.
Apart form the basic functions provided by standard accounts,such as asset storage and transfers, Vault Account has unprecedented safety features allowing revocable transaction and damaged private key restoration, thus providing a novel blockchain safety solution to individuals, enterprises and asset sensitive banks.
You can easily set up an ideal time duration within which transaction transfer from vault account is revocable.
RTM (Revocable Transaction Model) is a transaction model that supports the retractable logic ,which helps the the recipient account identify the sending account’s type and conduct transaction confirmation accordingly. It attributes different identifiers to different types of accounts and transactions.
Tailor-Made Monitor
You might ask what if my funds were stolen by the hackers and I happened to not know that until several days after the set time span?
Of course, we have thought about this ahead of time and therefore come up with the ‘Monitor’ function for Vault Account embedded in GateChain Explorer。
As part of the holistic GateChain Ecosystems,GateChain Explorer is built to
accommodate and advance GateChain’s unique solution to onchain trading safety and address the issue mentioned above.It’s a easy-to-use blockchain browser
To ensure the transparency and openness of all transaction information ,Users can query it through GateChain block chain browser. You can clearly check the height of the blockchain, the number of accounts, and the status of each transaction, including whether a transaction can be revoked.
It’s not just a blockchain browser.
Users can monitor their wallet account to get instant notifications if there were any unforeseen abnormalities happening to their funds.You can click [monitor] on the menu to enter the address that needs to be monitored.
You also need to bind your mobile phone number or email address.
Once there is anything unusual occurring to your account, you will be warned in time to ensure the security of your digital funds.
With blockchain technology constantly evolving and gaining its momentum , GateChain will continuously reinvent itself in a perpetual striving for innovation to gain a competitive edge. We welcome the valuable suggestions from our users to help us persistently progress towards the future of blockchain technology , and look forward to the launch of GateChain Mainnet. To keep up with our latest progress, please follow our social media
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