Know-Your-GXChain 2.0 Series: Compatible with EVM! The core advancement of GXChain 2.0!
Let everyone know that GXChain2.0 is compatible with the post-EVM era! Let’s chat with you, why is the computing resources on GXChain2.0 destined to become “just needed”?
Traceable EVM, the strong foundation of Ethereum
The full name of EVM is Ethereum virtual machine (Ethereum Virtual Machine), which is the core of smart contract operation on the Ethereum network. Those who don’t know much about technology may have some doubts here. What is the Ethereum Virtual Machine? Why does GXChain2.0 need to be compatible with TA?
First of all, you need to understand the concept of a virtual machine. A virtual machine is a computer in the form of software. Like a physical computer, it can also run applications and operating systems. For example, our common computers need to install operating systems: windows, MAC, Linux, etc., otherwise it is a bare metal. If your computer is an Apple, it will have its own MAC system. If you still want to have a windows system at this time, then installing a virtual machine is equivalent to adding one more bare metal, and then installing the windows operating system is equivalent to more A computer. All the operations of the user can be carried out in this new independent virtual system without interfering with each other.
The Ethereum Virtual Machine (EVM) is a code operating environment built on the Ethereum blockchain, allowing smart contracts to interact with each other to have a stable and reliable operating environment. Executing the same contract on different nodes can produce the same result. The computer running the Ethereum virtual machine will also become a “node” in the Ethereum network. In addition, the Ethereum virtual machine is isolated from other parts of the Ethereum main network, and it is not at runtime. Affect the operation of the main blockchain and ensure that the functions of Ethereum’s blockchain and smart contracts are parallel. It can be said that EVM is the foundation and core of the operation of smart contracts on the Ethereum chain.
In addition to creating an operating environment for smart contracts, EVM is also responsible for tracking the storage status and block information of Ethereum, and processing account information related to block numbers, gas prices, addresses, and balances.
Seeing this, you may already know why GXChain 2.0 needs to be compatible with EVM. As the first public chain that gave birth to China’s first domestic blockchain application with more than one million users, the number of fans on the C-end of the blockchain is very sufficient. , But the number of blockchain applications on GXChain1.0 has not developed very well. The Ethereum public chain is currently the most prosperous blockchain, and the number of DAPPs built on Ethereum is increasing day by day. Head applications such as the DEFI-related lending protocol Compound and the stable currency protocol MakerDAO have been running steadily for several years, but for ordinary users, using these applications on the Ethereum chain faces high barriers and high costs. Based on the principle of co-existence with Ethereum, Gongxinbao undertakes the “overflow value” of Ethereum. Compatible with EVM, it allows applications originally developed on the Ethereum chain to be seamlessly transferred to GXChain 2.0. On the one hand, it can divert GXChain’s own traffic to these applications, and on the other hand, it can also allow more people to use GXChain. Chain.
Compatible with EVM, what can you do in GXChain2.0?
Compatible with GXChain 2.0 after EVM, it is very friendly to product development and ordinary users. First of all, if applications on Ethereum can be successfully ported to GXChain2.0, ordinary users can use cheaper and more convenient on-chain applications, which would have cost hundreds to thousands of gas fees, and it can be implemented for free on GXChain2.0 ( For specific reasons, refer to the change in staking. How does GXChain 2.0 achieve free?); In addition, it is also good for applications originally developed on the Ethereum chain. It can be said that it is “two birds with one stone” to be able to obtain C-end traffic imported by the public trust chain for it.
In addition, GXChain 2.0 will become a “test field” for them to do research and development for the team that develops applications on the chain for the first time. The application can be built with almost free consumption. After completing the cultivation of the first batch of seed users, it will be very simple to transplant to the Ethereum chain.
In short, compatibility with EVM is an “important step” for GXChain to reconstruct the public chain economic model. It is preparing for 10 times, 20 times, and 100 times the number of DEFI users in Asia in the future, embracing Ethereum and welcoming the new blockchain. The key practice of the times.
The goal of GXChain 2.0 is not limited to being compatible with Ethereum. See you in the next popular science article for further goals and implementation methods~ See you next time!
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