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Formerly the xDai Chain, Gnosis Chain provides stability, scalability and an extendable beacon chain framework. |
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🦉🦄 1inch deployment ushers in the next era of DeFi on the Gnosis Chain!
-> Learn more about this integration.
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{% hint style="success" %} Token Merger
The token merger is now in effect, with the Gnosis Chain renaming underway. During the transition you may see the chain referred to as xDai Chain or Gnosis Chain. The underlying chain functionality is not impacted by this merger. STAKE staking will continue until May 31, 2022.
💌 Substack Newsletter is now available with weekly updates and other news directly to your inbox. {% endhint %}
The Gnosis chain is a stable payments EVM (Ethereum Virtual Machine) blockchain designed for fast and inexpensive transactions. The chain uses a unique dual-token model; xDai is a stable token used for transactions, payments, and fees, and STAKE currently supports the underlying POSDAO Proof-of-Stake consensus. The PoS protection model will change once the Gnosis Beacon Chain is Implemented, and GNO will protect the chain.
| xDai ⚔ | STAKE 🦸 | |
|---|---|---|
| Purpose | Stable Payments |
Staking & Protocol Protection Community Governance |
| Stability | Stable to USD | Volatile / Market Driven |
🌉 Bridges provide the seamless ability to move tokens between chains using the unique TokenBridge Architecture. Tokens and arbitrary messages can also be passed across chain.
- xDai Bridge: More info on converting Dai to xDai and bridge xDai to Dai on Ethereum.
- Omnibridge: More info on bridging ERC20 tokens between Ethereum and GC or between Binance Smart Chain and GC.
🔎 BlockScout Block Explorer provides transactional transparency, custom features and a portal for GC apps such as xDai staking, the xDai faucet, cross-chain bridge access and monitoring.
📊Chain usage stats available with Dune Analytics.
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The Gnosis/xDai ecosystem continues to flourish with many new project migrations, integrations, applications, and a mature toolset for developers. Explore the depth of the ecosystem in the Project & DApps section, or visit https://gnosischain.world/ to see and interact with active projects.
Development on GC is easy and intuitive for Ethereum developers. GC is an EVM chain, and smart contracts can be written and deployed in exactly the same way simply by setting a different RPC endpoint.
Any contract that works on the Ethereum mainnet can be redeployed to the Gnosis chain. Transaction costs are minimized, and all fees and transactions are paid with a single token, xDai. Many tools supporting Ethereum development are compatible with GC, including:
- TheGraph
- Tenderly
- Remix
- OpenZeppelin
- BlockNative
- Gnosis Safe MultiSig
- Dune Analytics
- Many more......
🛠 See Developer Resources and Tools to get up-and-running quickly.
- ✅Fast transaction times (5 seconds) & low transaction fees (500 tx for $.01).
- ✅Digital cash. A stable chain is ideal for real world value exchange where 1 xDai = 1 US Dollar.
- ✅A stable token for transactions & gas fees.
- ✅A green, energy-efficient and ecologically aware blockchain network.
- ✅Permissionless delegated Proof-Of-Stake based consensus with public POSDAO.
- ✅Wide-ranging Community Support (see xDai Validator Organizations).
- ✅Extreme usability with tools like Burner Wallet & Burner Wallet 2.
- ✅Growing ecosystem designed to support stable person-to-person transactions, micro transactions, conference currencies, community currencies, DeFi, NFTs, DAOs, games and more.
- ✅Full-featured BlockScout Explorer.
- ✅On-chain, decentralized Random Number Generator.
- ✅Smart Contract, DApp & toolset compatibility with other Ethereum-based chains like Ethereum, Ethereum Classic, BSC and others.
- ✅Experiencing the magic of crypto for the first time!