Understanding Gnosis Chain and the Performance Boost From Chainnodes’ Dedicated RPC Nodes

Understanding Gnosis Chain and the Performance Boost From Chainnodes’ Dedicated RPC Nodes

Introduction

While the invention of blockchains like Ethereum and Bitcoin introduced the idea of decentralization, what truly maintains it is the presence of infrastructure that goes beyond the traditional need for decentralized finance to capture the ultimate need for latency, fast throughput, and accessibility. As a web3 developer, your ability to uncover the best infrastructure when developing your application is vital to the user's experience and system efficiency. If you are on a journey to do just that, then the Gnosis Network offers an EVM-compatible chain to consider.

Ensuring that building decentralized applications becomes an extensively fast and cost-effective idea, Chainnodes provides Gnosis Chain RPC to equip developers with the right tools and infrastructures to set up on the blockchain. With this, developers can access a blockchain that is compatible with future EIPs and uses the same execution layer and consensus layer as Ethereum, relying on familiar and easy-to-use tools.

What is Gnosis Chain? A look at the Gnosis Chain and the Gnosis Ecosystem

Gnosis is a decentralized infrastructure that gives developers and users access to an open internet. Founded in 2015 as a part of ConsenSys and finally becoming an independent company in 2017, the Gnosis ecosystem is a truly decentralized and accessible network in the blockchain space.

Gnosis Chain is an Ethereum sidechain focusing on creating a space for experimenting (a testnet) and building decentralized infrastructure for the Ethereum ecosystem. Developers can explore several Ethereum innovations on a more scalable blockchain with the Gnosis Beacon Chain. Gnosis boasts of smart contracts and dApp toolsets that are readily compatible with Ethereum and Ethereum-based chains to enhance the ease of building and deploying Ethereum applications.

Core Components of Gnosis Ecosystem

What started as a part of ConsenSys in 2015 evolved into a thriving ecosystem of notable applications in the blockchain space today. The Gnosis ecosystem retains its core points of attraction, relying on components like:

The Gnosis DAO

Established in 2020 to foster a transparent decision-making process, GnosisDAO is a community-driven ecosystem where every $GNO token (governance token) holder can participate in decision-making and collectively shape the ecosystem's future.

Gnosis Improvement Proposals are presented to the community in the Gnosis forum, where token holders can address topics and vote for or against any proposal. This framework has been used repeatedly in the ecosystem. For instance, the decision to combine Gnosis and xDAI to create the Gnosis Chain in November 2021 was introduced as a proposal before implementation.

Dual Token System

The EVM-based Ethereum sidechain utilizes a dual token system. While xDAI stablecoin is used to cover gas fees, $GNO, an Ethereum-based token, is primarily used as the governance token for GnosisDAO and for participating in the Proof-of-Stake network via staking.

Gnosis Pay

By integrating the traditional payment system with decentralization, the Gnosis ecosystem introduced the first self-custodial Visa Debit Card that allows users to spend directly from their blockchain account.

All you have to do is visit the Gnosis network url to order your Gnosis Pay card. After this, you are expected to activate the card by connecting it to your wallet address. Each card is linked to a Safe Smart Account, ensuring users enjoy full custody over their funds and transact without transaction fees.

Even better, Gnosis offers developers the Gnosis Pay APIs and tools to integrate this decentralized and visa-compatible payment method in their applications.

The Gnosis VC

Developers working on projects that enhance the efficiency of Ethereum and Gnosis Chain can leverage the Gnosis VC for early investment. The ecosystem consistently supports projects incubated on the platform by using the product. Projects like Safe (multisig and programmable account), Cow Protocol, Conditional Tokens (prediction markets), Gnosis Auction, and Zodiac (standard and tooling for composable DAOs) were all incubated by Gnosis VC and currently exist as thriving protocols in the Gnosis ecosystem.

What The Chainnodes Gnosis RPC Performance Boost Entails

As a developer, leveraging the Chainnodes Gnosis RPC and Gnosis chain API is one way to guarantee the development of efficient web3 dApps. If working smart in a cost-effective environment sounds like your kind of thing, the Chainnodes Gnosis RPC will equip you with the tools and support needed to build on Gnosis.

  • Robust Web3 DApps Compatibility: Chainnodes RPC service is compatible with various dApps. Hence, whether you are working on a GameFi project, exchange platform, NFT, or a blockchain-based wallet, you can use our API tools to power your product, save time, and spend less.
  • Effortless, Free, and Fast Access to Gnosis: Chainnodes' Gnosis RPC offers a free starter package with a seamless UX, allowing developers to deploy small dApps on Gnosis Chain at no cost. Experience minimal latency and get your API up and running in seconds. You also enjoy free storage and access to archival data
  • Fast Support: Whether you get stuck on setting up, need clarification, or a quick guide, you can contact the Chainnodes’ uncomplicated support team for 24/7 technical support via telegram. Subscription plans like Team also has access to a dedicated account manager who is always reachable for instant solutions.
  • Discreteness: Chainnodes preserves the true nature of decentralization by ensuring that developers can anonymously use the Gnosis chain data through decentralized log-in
  • Flexible Payment System: Facilitate transactions using cryptocurrency or fiat. With a flexible payment system, how you pay for Chainnodes’ service is your call.

Why build on Gnosis Chain?

Aside from the features discussed above, there are several reasons why the Gnosis chain remains a go-to option for web3 developers:

  • Secure and scalable blockchain:  With over 200 demographically diverse validators, Gnosis Chain is one of the most secured EVM chains in today's blockchain space. Building an extensively trustless yet highly accessible blockchain, Gnosis only requires holding 1 $GNO to run a validator.
  • Fast throughput and Low gas fees: The Gnosis chain is notable for its ability to facilitate swift transactions. It completes multiple transactions within 5 seconds and users pay as little as $0.001 gas fees.

Finally, Chainnodes also offers free guides and tutorials on how to set up your dApp on Gnosis (and other supported chains). Feel free to explore the documentation section on the website for system functionalities, Blockchain API features, tutorials, service guides, and pricing.