An alternative conception of GTON Net

Okay, so like already mentioned in this thread (-→ GIP: GTON Improvement Proposal 2.4 - #5 by ForumUser)… I would much, much, much, much more prefer a layer 1 blockchain.

Why?

Being a layer 2 solution?

Pfffff.
That’s not a REAL blockchain.
Just AN APPENDAGE of Ethereum… Ugh, disgusting!
No, no, that’s by far not ambitious enough.

COMMON GUYS, don’t you realize how much this project has to offer? Being a layer 2 solution would be, like being a math genius - capable of revolutionizing the whole field of mathematics - but working in highschool instead.

What I would like, is the ambition of becoming the next Cardano, Solana, Fantom, and so on…

These blockchains don’t have many of the cool features, we have automatically as a DeFi 2.0 project, but they are top-ranked, because they are intrinsically valuable.

So… We should strive to be like that…

Ideally, built from scratch…

However, if you don’t want to build it completely from scratch, let’s take a look at some other options…

You, yourself mentioned some of them… Like…

“In order to determine the details of the technology that this network will be built upon, it will be necessary to conduct extensive research and analyze all the strategic pros and cons. Most likely, GCNet will be an EVM-compatible implementation of a fast reliable blockchain (EVM-Substrate, EVM-Near or EVM-Solana).”

“we’re choosing base technology for the chain which supports #EVM options we’re exploring now:
:fleur_de_lis:@FantomFDN fork
:fleur_de_lis:@neonlabsorg which is @solana + EVM
:fleur_de_lis:@MoonbeamNetwork which is @Polkadot ‘s substrate
:fleur_de_lis:@auroraisnear
:fleur_de_lis:@avalancheavax subsets”

“We’re exploring several options as a core tech for 𝔾ℂNet and Polka’s Substrate with EVM is one of the most promising candidates. P.S.: deploying 𝔾ℂ smart contracts on the MoonBeam network will be anyway as a first step towards to the integration with Polka.”

I am wondering…

Why is “building on Cosmos” not mentioned as a possible option. I am just investing, I am not developing, but it seems to be the case, that Cosmos is a pretty great platform for the development of a new smart contract platform. If I take a quick look at “CoinmarketCap” or “Coingecko”, I will find, that many of the leading projects are building on it, like…

  • Cosmos (obviously)

  • Terra

  • Cronos

  • Secret

  • Osmosis

  • Juno

That means, especially according to “Coingecko”, that 6 out of the 100 top projects are building on Cosmos. And that’s just the beginning.

Take a look at this website… https://mapofzones.com/? testnet=false&period=24&tableOrderBy=totalIbcTxs&tableOrderSort=desc

However, something, what seems to be especially important for our own upcoming blockchain is EVM-support, because that is mentioned all the time. Alex, tweeted about this… “#EVM and @solidity_lang is like #JS now. It has network effect for developers. Why chains are trying to invent something new here instead of integrating/optimizing EVM and let us use it. Solana, Cardano, Near, Ada, Ergo - keep your solid tech for consensus/core, not for devs/apps”

That’s why I was wondering what the status of EVM-support is, when building on Cosmos. And here I am positively surprised that we seem to have come at exactly the right time. We would still be one of the first, who would build an EVM-compatible blockchain in the Cosmos ecosystem. Till now, only very few took this opportunity - just Cronos and Evmos, if I understandthat correctly - because the technology behind that is very new… So, that’s a big chance for us!

So, Cronos could actually be a very good example for the development of our own blockchain… Here is why…

“Live since November 2021, Cronos is a EVM-compatible chain designed to support the Creator Economy with applications such as DeFi and GameFi, ultimately serving as foundational infrastructure for the Metaverse. Cronos delivers dramatically faster and cheaper transactions than Ethereum mainnet, making decentralized applications (DApps) and smart contracts more user and environment friendly. Built on Ethermint which is based on the Cosmos SDK, Cronos supports the rapid porting of DApps and smart contracts from Ethereum and other EVM-compatible chains, as well as interoperability with the Cosmos ecosystem via IBC (Inter Blockchain Communication).” (–) https://thecronicle.com/news/cronos-news/cro-is-now-cronos/)

“One of the companies’ priorities when launching Cronos was making sure that porting apps and smart contracts from EVM-compatible blockchains and the Ethereum platform was as easy of a process as possible. This is why Ethermint was chosen to power Cronos. Ethermint is a scalable and interoperable Ethereum, built on Proof-of-Stake (PoS) with fast-finality using the Cosmos SDK. The Crypto.org Chain programmers have been collaborating with Ethermint’s Tharsis team, sharing their input and even contributing to the original code. Interaction between blockchains is achieved through the use of Inter-blockchain Communication Protocol (IBC). The interoperability and bridging to the Crypto.org Chain are managed by the IBC, which also allows the ability to exchange and use information with all other IBC-enabled chains.” (–) Cronos, Crypto.org EVM Chain, Testnet Launches Today | CoinCodex)

The other example is, as already mentioned, Evmos…

"Evmos is designed to be a highly scalable EVM compatible environment built on the Cosmos SDK and Tendermint Consensus. The Evmos stack offers:

  • Tendermint - A fast finality and high throughput consensus mechanism widely used within the Cosmos ecosystem and beyond. This

  • will allow transactions on Evmos to be fully executed in seconds.

  • Cosmos SDK - A modular, composable, and interoperable framework that will allow Evmos to scale and interoperate with other blockchains via IBC while maintaining chain sovereignty.

  • EVM Module - Built to be fully EVM compatible, or EVM equivalent, allowing developers to take full advantage of an Ethereum environment, while offering low-gas costs and fast finality to users of their applications."

“Evmos will launch as a single “hub chain” for EVM compatibility in the Cosmos ecosystem. The ultimate vision of Evmos consists of multiple, interoperable, and composable EVM compatible chains that can be individually optimized for specific use cases like DeFi, NFTs, or gaming. These chains can be application-specific, which will limit the need for having to compete for throughput with other applications. Thanks to IBC and Evmos’ ERC20 Token Module, Evmos will be interoperable with any other IBC enabled non-EVM compatible Cosmos chain as well as Ethereum, which will allow for the transfer of Cosmos and Ethereum between Evmos.” (–) Evmos: EVM Compatibility in the Cosmos Ecosystem)

In addition to that a bridge between Ethereum and Cosmos will soon be released…

“Gravity Bridge chain will act as neutral ethereum to cosmos bridge. Through IBC(Interblockchain communication), many different cosmos based projects can connect and use the bridge to access ERC20 assets, like dai or usdc, without having to operate the gravity orchestrator on their own chain. Gravity will be able to bring ERC20 assets from Ethereum into Cosmos, as well as Cosmos assets to Ethereum ERC20 representations. ATOM, and any other asset in the Cosmos ecosystem, will be able to trade on Uniswap and other Ethereum AMMs, and interact with Ethereum DeFi like any ERC20 token.” (–) https://www.gravitybridge.net/)

So the advantages are basically this…

  • you can build on Ethermint, which supports rapid porting of apps and smart contracts from Ethereum and other EVM-compatible chains.

  • the Inter Blockchain Communications (IBC) protocol enables interoperability and bridging to IBC-enabled chains; so your users can use for example a dapp like Osmosis (Osmosis)

  • therfore, you are basically in a club with some of the biggest projects on the market

  • and you are still a L1 and have your own thing going on

But, why is Cosmos for example better suited than Polkadot, which you already considered? Well, if it is true, what these guys from Exodus say in that video (YouTube? v=nH5zNPEYIAQ), Polkadot has multiple disadvantages…

  1. Polkadot is less secure; if the overarching structure is down, everything else wouldn’t work too

  2. Polkadot can’t scale; it has a limited number of slots;

“Based on theoretical computing constraints, the current goal and expectation is that there will be approximately 100 parachain slots available on Polkadot, though potential future optimizations (such as nested relay chains) may further increase this number. However, it will take some time before Polkadot fully supports 100 parachain slots, and they are likely to be added to the system slowly over time.”
(–> Parachain Slot Auctions | Polkadot)

  1. Polkadot would mean, that you can’t be sure, if you get a slot… And even, if you get a slot, it is just leased - you don’t really own it.

Especially the last point is very strange to me…

“If a team lost a slot auction… They will need to join a subsequent auction and bid again. Once parathread functionality is delivered (expected some months after parachains launch), parachain teams will have the option of connecting to Polkadot as a parathread while they attempt to secure a dedicated slot.”

“Slot Expiration… When a parachain wins an auction, the tokens that it bids get reserved until the lease’s end. Reserved balances are non-transferrable and cannot be used for staking. At the end of the lease, the tokens are unreserved. Parachains that have not secured a new lease to extend their slot will automatically become parathreads.”
(–> Parachain Slot Auctions | Polkadot)

So… If you did not already, it would be great, if you could make some deep research about development on Cosmos.

Additional ressources are… https://cronos.org/ https://thefipharmacist.com/crypto-com-vs-crypto-org-vs-cronos/ https://www.reddit.com/r/Crypto_com/comments/rqnwxs/cryptoorg_chain_vs_cronos/ https://www.reddit.com/r/Crypto_com/comments/ply6dh/cronos_and_cryptoorg_differences/ Diving into Cronos Evmos Documentation | Evmos Documentation How to deploy on Evmos: The first EVM chain on Cosmos Evmos: First Look +EVmos? - Riley's Substack High-level Overview | Ethermint Documentation Understanding Ethermint | HackerNoon An Introduction To Ethermint Demystifying Ethermint. What is Ethermint? | by Lerna | Cosmos Blog

(1/2)

While the post above talks more about technical aspects of our own blockchain; I want to define with this post some underlying values and features I would like to find represented.

First, some values…
- monetization
like already mentioned here (–> https://mirror.xyz/0x8c8b81208C7B7F71CD3279A31F48F1A37bda5df0/M1KSD191GQIw6EJyT2 bg1f8zMWBLvBHfFcYOWzRRAc4) we just have to deeply care about this, if we want to be succesful; it is very simple… more money, means more devs; more devs, means more software; more software, means more users and more users means more money; it’s basically a cycle; therfore, everything, what can be monetized, has to be monetized;

- collaboration
as soon, as we are highly rentable, we can take care about another pillar on the road to the top; we need to attract people, that want to build the ecosystem with us; to do this, we have to create the best possible condition for this; an innovative structure, where people can openly contribute, work together, learn together, and get rewarded and incentivized for their engagement; I named some good examples for this, already in this thread (–> LINK); let’s get inspired from examples like Gitcoin, Degit, Radicle; and on a blockchain level especially from Radix; “Radix is pioneering a new approach that enables open source developers to benefit directly from their contributions through the Developer Royalties System. The blockchain-based system will be built on the Radix network and will serve as a reward mechanism through which developers can generate on-going revenue in a sustainable manner. […] The Radix Developer Royalties System is a simple, yet, highly effective incentive mechanism that will help accelerate this process immensely. This is how it works. A developer’s contribution like a library, oracle, or smart contract in the Radix network is referred to as a ‘Component’. Developers can openly create components that can be used by anyone on the network to build applications, assets, and financial products among others. The incentivize system encourages developers to build these core components and make them accessible to other users on the network. In turn, the developer can set a royalty fee, to be earned whenever a component they created is used. Incentivising developers, dApps builders, and companies will encourage them to contribute more to the ecosystem.” (–> https://www.cryptonewslist.com/radix­set-to-incentivize-open-source-development-with-on-ledger-developer-royalties/)

- DAO-support
basically the whole structure around GTON Capital is built as a huge conglomerate of subsidiary DAOs… Naturally, our blockchain should be created as the perfect platform for launching and running DAOs as quick and simple as possible. In comparison to other blockchains, GCNet, should be literally made and designed, to make it for new projects incredible easy to launch their own DAO.

- security
like you all already know, if there are billions or trillions of money at stake, hackers will take their chance to steal, as soon, as they can - if they can. Therfore, we should side, in any case, for the most secure solution, somehow possible… In this regard and if possible, make it - unlike others - already secure from upcoming technological developments, like quantum computers (a good example is this → QANplatform | QAN blockchain platform)… I will leave the answer, about how this solution could look like, to the experts.

-censorship-resistance
totalitarian governments try more and more to crush our basic human needs for sovereignity, independence, anonymity, privacy and freedom. Like a great dev from the Ergo community says “Decentralization is ultimately a set of tactics for digital resistance. It is an art of digital war against central actors who want to control systems.” In this regard we have to find a solution, not only how we can make this blockchain censorship-resistant for our individual users, but also, how we can have a multi-billion or even multi-trillion heavy treasury in one place, and still be protected from the reach of totalitarian governments… For example, if they try freeze or ban it, like they tried with the canadian freedom convoy.

- privacy
to achieve censorship-resistance, privacy is a must! Quote: “Many people seem to enjoy chasing the pump… But the original intent of adding cryptography is simple. Crypto = Hidden Privacy. People have been defending their own privacy for centuries through various means. We need to defend that digitally.” (Captain Nemo, Nautilus Wallet) I deeply believe, that a smartcontract blockchain with (optional?) privacy like Monero, is something that will be - due to the increase of censorship - more and more desperately needed… And it’s something, what is - besides of a few inceptions - not provided by the current market; we could say it is almost forgotten… So, that’s a good chance for us, to reach an untouched market-segment - a market-segment, which will become over time more and more important.

- aesthetics
people perceive blockchains not trough code; but through logos, colours, graphics and so on. Its essential and can’t but said enough, that top level aesthetics are absolutely necessary!

Next, some features…

  • transaction fees; like mentioned above, we have to asure, that we collect enough money for the treasury to allow our ecosystem to flourish. A very elegant way, to do this and that is anyway in this article by you proposed (–>
    https://mirror.xyz/0x8c8b81208C7B7F71CD3279A31F48F1A37bda5df0/M1KSD191GQIw6EJyT2 bg1f8zMWBLvBHfFcYOWzRRAc4), would be - in addition to all the other already mentioned ways -, if we integrate, into the blockchain network a mechanism, due to which a small percentage of transaction fees go directly to the treasury… So everytime, someone makes a transaction on GCNet, the treasury collects a little bit more money… That also means, the more popular GCNet becomes, the more money does it generate for its treasury.

  • on-chain treasury; because the treasury plays such an important role for us, we should make the treasury interwoven with our blockchain.

  • Furthermore, we should make Initial Stake Pool Offerings (ISPOs) available to new projects. Quote… “ISPOs are an effective way to fund a new crypto project while also keeping the underlying PoS consensus of the blockchain decentralized and running. This new crypto funding option may become a standard practice for future projects as it is deemed safe as investors do not have to part with their funds” (–> Everything You Need To Know About Initial Stake Pool Offerings (ISPO)). IOTA has a similar functionality (–> Introducing IOTA Staking). That not only helps new projects to receive funding, but also makes the blockchain very attractive for investors.

The strategy should be something, like this…

  • build great products (GTON Capital, OG Swap, Candy Shop, Solvex)

  • make loads and loads of money through monetization

  • hire great devs from top-level blockchains like Ethereum, Solana, Cardano, Fantom, Terra, and so on

  • build the the next big blockchain, similar to Ethereum Solana, Cardano, Fantom, Terra, and so on

  • move to the top

Don’t build a quick-fix blockchain, made in 1-2 quarters with three people… Build a truly great blockchain, BUILT FOR GLORY!

(2/2)

I believe that the most appropriate strategy here is to make your own infrastructure (Rollup, Stablecoin, Oracles and Bridges) and, at the beginning of a new cycle, open access to these applications already on your own platform.

Who will use farming (candy) or launchpads (ogswap) now? IDOs for those projects are also risky currently. But it will be crucial in a few months.

NFTs, it seems, are also dead now :frowning: