An open global transactionand settlement network protocol
The digital currency represented by Bitcoin is being recognized by mainstream investment institutions, and the core technology behind it, blockchain technology, is also widely received due to the changes brought to the industry during the process of integration with traditional fields. Attention and research. As an emerging technology, blockchain technology has been a hot topic widely discussed both inside and outside the industry from the beginning to the present and to the future.
As an emerging technology, the first and largest application scenario of blockchain technology is in the fields of digital currency transactions, financial payments, and clearing and settlement. “The industry is at an early stage. Whether it is centralized or decentralized, there are many pain points,” the GAMMA project leader pointed out. For example, the transaction volume of the central exchange is false, opaque, and the security level is low; decentralized exchanges The user experience is poor, high latency, low efficiency, low scalability, and poor liquidity. The fundamental reason is that the global transaction process is safe and there is no efficient and complete clearing and settlement network. Therefore, we have created GAMMA-an open global transaction and clearing network protocol.
GAMMA is building a world-class finance that integrates the liquidity of global mainstream exchanges/trading markets with the advantages of DeFi financial services (decentralization, borderless, and trustless, etc.) based on the mature underlying blockchain foundation. The service platform provides advanced investment trading platform and complete trading tool support for traditional financial institutions and commercial applications.
The person in charge of the GAMMA project said, “We are positioned to create a decentralized global transaction and clearing settlement network protocol. We will adopt a technical solution combining Layer1+Layer2, taking into account asset security, performance, privacy, and decentralization. So as to create an epoch-making new digital asset transaction agreement.”
It is understood that the ultimate goal of the transaction agreement is to provide one-stop decentralization for trading users (such as institutional investors and high-net-worth customers) by integrating the transaction depth of mainstream exchanges (centralized and decentralized) and merchant nodes. Broker service, the service content includes transaction matching, financing and currency financing, asset management, intelligence service and function value-added, etc. In addition, the agreement will also have strong technical and application advantages: build a decentralized transaction and clearing and settlement network in the “application + agreement” model; strengthen application layer barriers (operations, resources, and traffic, etc.) to reduce fork risks; Connect and integrate the trading market and transaction depth of centralized exchanges and decentralized exchanges; break through the current non-scalability bottleneck of decentralized exchanges; have cross-chain interoperability and be compatible with native tokens of a variety of underlying public chains ; Built-in dark pool trading features, which can support splitting of large trading orders, independent trading, and so on.
In order to realize the value transfer within the ecosystem and when interacting with third parties, GAMMA will form a closed loop of value through a dual-token mechanism. That is, Gamma governance token GAMMA and Gamma platform token GDX are respectively generated (GAMMA and GDX will be released on the TRON chain in the form of TRC20 tokens). Among them, GAMMA’s rights include: as a platform currency mining material cannot be replaced, future mixed exchange governance, voting, decision-making (such as currency listing, chain upgrades, and other functions and profit), as a mining pool node dividend function, etc. . And GDX is in the Gamma ecology, deducts transaction fees, establishes mining pool node raw materials, mortgages and loans and other interest settlement, and other ecological application tokens.
In the future, with the progress of new technologies such as 5G, big data, life sciences, and blockchain, the world’s industrial structure and value chain will inevitably undergo reshaping. In particular, blockchain technology actually has both the attributes of the Internet of Information and the Internet of Value, which is an advantage of the integration of the blockchain industry. The person in charge of the GAMMA project said that because of the integrated nature, blockchain technology is now widely used in supply chain management, anti-counterfeiting and traceability, precision poverty alleviation, medical health, food safety, public welfare, social assistance, trade financing, supply chain finance, and bill transactions. And asset securitization. The value of Gamma as the underlying protocol will also be fully utilized, thereby creating more possibilities for the development of the Internet of Value and the prosperity of decentralization.
Recommended News
-
Whale Shark’s NFT Collectors Playbook
Thinking about buying some non-fungibles? Maybe you’re even thinking about investing? Maybe you still can’t wrap your brain around the idea of digital art being sold for $69 million, but you’re open-minded, you’ve done your homework and you think the rewards outweigh the risks. And maybe this is money you can afford to lose, so what the hell? [Obligatory disclaimer: Nothing that follows is financial advice. Investing in NFTs – or anything in crypto – is packed with risk and you can lose everything. Proceed with caution.] But if you’re trying to get your…
-
Japan AVF HOLDS HANDS IN SONA TO BUILD NFT ecology
According to official sources, T-power, Japan’s largest AV copyright owner, has announced that it will soon begin creating and releasing NFT copies of SONA and enter into a deal with SONA coinage. Starpunk operating NFT Alliance (SONA) is a decentralized and autonomous organization (Dao) platform, audited by the Soken , and is the heavyweight blockchain authority that audits OpenSea. The no preorder, no private offering by the Geek Coalition of America is the NFT Super Cross chain token, backed by the Andreessen Horowitz Foundation. NETWORK1 aims to connect blockchain/NFT game…
-
Coinbetter launches global ambassador recruitment program
In order to better build a blockchain industry ecology integrating technology research and development, industrial research, open platform, investment, information, etc., Coinbetter launched a global ambassador recruitment plan in March 2022, which not only gave users super high rebates, but also there are other great benefits. According to Coinbetter’s official announcement, the recruitment of global ambassadors is open to more blockchain enthusiasts such as community owners, social media influencers, industry KOLs, professional institutions and tool aggregators to join hands with Coinbetter to build a trading ecosystem and expand Coinbetter Brand…
-
Announcement of TCOW contract address
According to the official twitter report of cowlab, TCOW has passed the torn distributed open source protocol,TCOW will establish a low threshold, high transparency, strong accessibility and inclusive point-to-point decentralized financial system. In order to prevent fraud, the TCOW contract address is officially announced: TAp5LFZL32A62LnPEv8n7GmxceKSyLEKNM, with a total amount of 2100 million, 70% of which is used for DAPP application developer award, 15% for community incentive, 10% for global institutional investment, and 5% for technology operation and maintenance team award.
-
Former US Senator Joins Binance as Policy Adviser and Government Liaison
Cryptocurrency exchange Binance has hired former U.S. senator and ambassador to China Maxwell Baucus as a government relations adviser. The exchange announced Thursday in a press release it had hired the long-term government official to provide guidance and advice to the firm and work with U.S. regulators. The move could signal a shift in Binance’s approach to the U.S. market, which it currently doesn’t serve directly. Baucus was an ambassador to China under former President Barack Obama between 2014 and 2017. Prior to that, he served in the U.S. Senate and…
-
Draws Skepticism From Rival Analysts
A debate is raging among bitcoin traders after a chart-reading analyst spotted a pattern known as a “bull flag,” ostensibly portending a coming rally to $70,000 or beyond. The analysis, posted on the website Bitcoinist by Yashu Gola and affirmed by Bill Noble at Token Metrics, concluded that the bull flag has formed over the past month, and that the cryptocurrency’s price is set to pop after a breakout in recent days. But when it comes to identifying and interpreting price-chart patterns there’s an art to the science, and some practitioners of bitcoin technical…
-
The Vision of Ethanim: Building New Public Chain for the Metaverse
As the advanced version of the digital era, many metaverse applications using multiple digital technologies are approaching us. Blockchain technology makes digital identity unique and digital asset confirmation also becomes possible. It builds a trustworthy economic form and also accelerates the development of metaverse. In the past six months or so, the metaverse conceptual application represented by crypto games has been noticed. Traditional game developers have introduced digital assets and NFT based on blockchain technology into the game precisely to form a new metaverse conceptual game with unified value and…
-
Security Token Startup Founder Arrested on Sexual Assault Charges, Toronto Police Say
The founder of a security token startup has been arrested on charges of sexually assaulting a minor, Canadian authorities said. Trevor Koverko, former CEO of Polymath, was taken into custody on March 14 by Toronto police, a spokesperson for the department, Caroline de Kloet, told CoinDesk Wednesday. He has apparently deleted his Twitter. Koverko has been charged with “sexual interference with a person under 16 years of age” (Section 151 of Canada’s Criminal Code) and “sexual assault” (C.C. 271), said de Kloet. Chris Housser, Polymath’s other founder and interim CEO, said Koverko resigned from…
-
HOKK Cup – LBank Arena of Valor Competition
[Arena of Valor] The glorious horn blares in this hot July, waiting for the brave warriors to answer its call! No battle, no youth! Hosted by LBank and title sponsored by Hokkaidu Inu (HOKK Finance), the first HOKK Cup – LBank Arena of Valor Competition is about to start fighting with warmly sponsorship supporting from DeFi STOA, Gorilla Diamond, Kaka NFT World，DFG，CDI，Basics Capital and LBank loud. This highly anticipated competition has also attracted lots of strategic media partners like Golden Finance, ChainNews, ODaily Vernacular Blockchain, Deep Chain Finance, Chain to Finance, and Ostrich Blockchain, etc. In this hot July,…
-
Social Tokens Crash After a Reported Hack at Roll Wallet
A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll. Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs. The founder of WHALE, a social coin underpinned by a basket of non-fungible tokens (NFTs), confirmed the hack on Twitter, stating that 2.17% of the coin’s supply has been compromised and the rest is secure in the cold storage. Whale price dumpSource: @NiftyReport Roll…