GALLACTIC Blockchain: A Newborn Architecture as an Open-Source Development Platform
Blockchain technology is continuing to evolve rapidly, supported by the various use cases that are been built on multiple blockchain platforms. In the wake of these rapid developments, the fast-spreading blockchain technology has attracted different use cases in ICO development, some successful, others not so. Initially, a by-product of blockchain, Bitcoin was developed to meet the need for transparency and accountability. However, in the process, newer needs and uses have effectively enhanced the blockchain architecture technology to where it is today, enabling many more products and services to be built then was ever thought imaginable.
The newest iteration of blockchain architecture, GALLACTIC, has been developed to attract various groups of tech enthusiasts, stakeholders and has opened new opportunities for potential business models of various kinds. As a new independent blockchain, FINTERRA’s GALLACTIC is a platform for the use of network tokens for smart contracts, consensus and ledger hosting on its ecosystem, with the GALLACTIC architecture consisting of the GALLACTIC Mainnet and the GALLACTIC open-source development platform.
The GALLACTIC platform is a constructed smart chain infrastructure that passes contract input state between chains within the ecosystem along with ensuring the safety of cross-chain smart contract processing. This ecosystem which is based on smart chain contract supplies a batch of contracts that are the underlying templates to fetch value between chains and registering them and adding new chain within the ecosystem and has the ability to interact with different third-party networks, such as, Ethereum, EOS, IOTA, and so on.
GALLACTIC is an Open Source Development Blockchain built and publicly permissioned to support a wide range of open source projects. Open Source is the dynamic force that makes blockchains strong and secure. GALLACTIC strongly believe that to build a community around open source is the primary factor in maintaining a sustainable and transparent ecosystem. In addition to tooling and detailed documentation, GALLACTIC has open source developer chat groups, tutorials, a dedicated block explorer, coupled with a robust testnet and mainnet.
GALLACTIC has built a platform that is both public and private, something of a rarity in the Blockchain industry that allows for the development of numerous use case models that address real world problem statements.
