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Reading: Gala Team Announces Its Strategy for GalaChain
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EdaFace Newsfeed > Latest News > Altcoin News > Gala Team Announces Its Strategy for GalaChain
Altcoin News

Gala Team Announces Its Strategy for GalaChain

vitalclick
Last updated: October 22, 2024 10:55 pm
7 months ago
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Contents
GalaChainSwitching from Raft to BFTGlobal DistributionGala Founder NodesGIPsGala and Decentralization

Altcoins The effort it takes to build its own networks has significant consequences on token prices. A lot cryptocurrency He developed his own network. In the multi-chain world, network launches are useful both to reduce transaction fees and to keep the community together. Premiere today he announced important details about his network.

GalaChain

A whitepaper for the decentralization of the network was prepared in cooperation with LF Decentralized Trust. Here GalaChainFurther growth is targeted by increasing the security, scalability and flexibility of . The four-stage strategy is explained in the comprehensive road map.

Switching from Raft to BFT

A different structure will be moved from the Raft consensus mechanism. Byzantine Fault Tolerance (BFT) algorithm is a structure widely used by networks that focus on decentralization. The aim will be to increase security while reducing error tolerance.

Global Distribution

Geographic distribution of servers is an important issue for decentralization. With global distribution with GalaChain, the network will be more secure, decentralized and will turn into a truly international platform for decentralized applications (dApps).

Gala Founder Nodes

The decentralized architecture will leverage the 40,000+ existing Gala Founder Nodes to create an even more diverse and flexible network. Founding Node operators will play a crucial role in the new consensus process, participating as validators and being rewarded for their contribution to the stability and performance of GalaChain. This means incentive.

GIPs

Ethereum $2,622‘s improvement suggestions are coming with different abbreviations in EIP or other networks. This is an important step in expanding GalaChain capabilities and fully implementing decentralization.

Gala and Decentralization

Networks are becoming decentralized both to avoid legal difficulties and because they see the future here. This opens the door to community-managed networks. Decentralized structures are very important in crypto for self-growth and fair distribution of gains to the community.

GalaChain Time will tell how successful this is. However, if a fully decentralized structure can be built and network development continues steadily, this will support the price of GALA Coin.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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