GateChain is a next-generation public blockchain platform that focuses on enhancing the security of digital assets and enabling decentralized trading. Launched by Gate.io, one of the largest cryptocurrency exchanges, GateChain addresses critical issues such as asset theft and private key loss. Its Vault Account system is uniquely designed to allow users to recover assets in case of abnormal transactions, providing an added layer of security that distinguishes it from other blockchain platforms.
GateChain uses a Proof-of-Stake (PoS) consensus mechanism and offers ultra-low transaction fees, making it highly competitive in the blockchain space. It supports over 2,700 transactions per second (TPS), making it significantly faster than Ethereum. The platform is also compatible with Ethereum Virtual Machine (EVM), allowing developers to easily port their Ethereum-based applications to GateChain, fostering a diverse ecosystem.
In addition to its technical strengths, GateChain has built a robust decentralized ecosystem, including HipoDeFi, a platform for decentralized finance (DeFi) projects, and NFT Magic Box, an NFT marketplace. These platforms enable users to trade assets across chains and explore various DeFi and NFT applications, contributing to GateChain's broad appeal in the decentralized finance space.
