GateToken price

GT

#84

GateChain boasts a block time of just 4 seconds and can achieve up to 2,745 transactions per second (TPS), while offering low gas fees of as little as $0.0001 per transaction.

Developers can create and deploy their own smart contracts on the GateChain network, which provides a vast array of potential use cases.

To encourage developers to migrate their Ethereum dApps to GateChain, GateChain introduced an 'EVM account' type and expanded the account system. The platform also supports Ethereum's 0x address, which allows users to run their assets on both networks using the same address without having to create a new account on GateChain.

GateChain is secured by a proof-of-stake algorithm. Users can stake their GT tokens and become validators responsible for security of the network and process transactions in exchange for a share of the transaction fees, paid in GT tokens.

The GateChain team also developed an on-chain safety account and customizable time-delay recovery features to offer users asset safety even if private keys are hacked.

GateToken is listed on Gate.io, Huobi, LBank, Bitfinex and more.

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Learn some more what decentralized applications (DApps) are.

What is a smart contract? Learn more with the CMC glossary.

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