Genesys Blockchain is a new ecosystem that provides a comprehensive range of Blockchain services within a unified platform. It uses the prowess of DeFi Blockchain technology with community-driven solutions, culminating in the creation of swift, scalable, and gas-efficient web3 offerings. These offerings cater to crypto transactions and NFT-related activities, establishing Genesys Blockchain as a hub of efficiency and innovation.
Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (GSYS/USDT – Trade it here) on the Innovation Zone! Check it out now!
How Does Genesys Blockchain Work?
Genesys is a blockchain structured on the Proof of Authority (POA) consensus. It aims for a harmonious blend of security, scalability, speed, and development. Meanwhile, their vision is to take the lead in the blockchain domain, catering to Major League Sports, Entertainment, and Enterprises who aspire to forge a Web3 ecosystem. This ecosystem empowers them to craft decentralized business experiences within a secure community.
The Core Structure of Genesys Blockchain
Genesys Blockchain originates from a fork of the Ethereum Network. It also drew heavily from Ethereum’s mechanisms, concepts, tools, and documentation. Anchored in the EVM compatibility foundation, GChain introduces an innovative framework with 33 Validator Nodes (BlueNodes). These nodes operate on the Staked Proof of Authority (PoSA) consensus, facilitating shorter block times and reduced fees. Furthermore, these 33 Node Validators collectively drive the Network’s consensus mechanism. Augmenting this consortium are 467 Support Nodes, all staking validators. Additional measures include double sign detection and strategic fail-safe protocols, solidifying security, stability, and transaction finality.
Genesys Blockchain stands as a self-sovereign, decentralized blockchain providing security to validators and the entire network. EMV-compliant, it opens the door to existing Ethereum tools alongside swifter finality and remarkably low transaction fees. The staked authority test injects decentralization and encourages community involvement.
What are the Use Cases of GSYS Coin?
GSYS Coin serves as the intrinsic cryptocurrency for Genesys Blockchain, mirroring the role of ETH on Ethereum. This implies that GSYS operates similarly and can be utilized for several purposes:
- Facilitating gas payments for executing or invoking smart contracts.
- Enabling cross-chain activities, including seamless token/coin transfers across diverse networks through GChain.
- Contributing to network safeguarding by means of staking or delegating, enhancing its overall security.
Where to buy GSYS Coin
You can find GSYS Coins here at MEXC! We are listing GSYS/USDT in our Innovation Zone!
What is the Price of GSYS Coins?
The GSYS coin is currently trading at MEXC with a live price of $0.0003216. You can check the live price of their token right here!
How to buy GSYS Coins on MEXC
You can buy GSYS Coins on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “GSYS” using the search bar to see the available trading pairs. Take GSYS/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of GSYS you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy GSYS] to confirm your order. You will find the purchased GSYS in your Spot Wallet.
You can find a detailed guide on how to buy GSYS Coins here.
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