UPDATE PART 1 - BLOCKCHAIN STATE OF WORK. hurdles with determination, and we're excited to share our achievements with you.

07 Aug 2023, 19:25

UPDATE PART 1 - BLOCKCHAIN STATE OF WORK hurdles with determination, and we're excited to share our achievements with you. We encountered delays while obtaining the Polygon Edge documentation, but we managed to overcome this setback by working closely with our dedicated code developers. While it's true that we faced difficulties in achieving a stable blockchain environment, we've taken decisive action to rectify this. We welcomed new team members and experts who bring their skills to the table, enabling us to implement our vision effectively. Rather than accepting prolonged delays and subpar work, we decided to take matters into our own hands. Our team is now diligently working on three smart contracts connected to the main G8C Contract which regulates issue of New G8C Coins and that revolve around the Genesis Block. These contracts consider vital aspects like burn rates, reserve shares, and contributions to Chain Of Love (10% per transaction). We're also ensuring that V/Blogs and Content Micro payments, along with referral rewards, are seamlessly integrated. To ensure the highest quality, we've partnered with a reputable code audit company and combined forces with our new coding team. And by embracing outsourcing, we open up an avenue to significantly reduce operational costs and expenses, ensuring a more efficient allocation of resources. This collaboration promises a well-coordinated effort that adheres to clear timelines. Although some team members are currently on vacation or traveling with their families, rest assured, we're progressing at an optimal pace. Familiarizing the new coders and ensuring a comprehensive understanding of the project takes time, but our determination is unwavering. Our goal is to have the test network ready for your evaluation by mid-September 2023. Shifting our focus to the ONEG8 Platform's blockchain, we're proud to present a unified infrastructure platform enriched by technical, traffic, and ecological resources. This platform will gradually embrace DApps developers and White Label participants, enhancing its collaborative potential. The ONEG8 Chain, an EVM compatible Layer 1 Public blockchain based on the Ethereum Network, underpins this platform. As for the ONEG8 Chain's performance, it's truly impressive: TPS: 2,000+ Average Block Interval: 3s Our chosen consensus mechanism, DPoS, guarantees low transaction costs, minimal delays, and exceptional transaction concurrency. With a cap of 21 validators, we ensure efficient network operations. For our steadfast long-term coin holders, we've devised a VIP Economic Model. The G8C token serves as the chain's native currency, powering transactions as gas fees. Validator nodes pledge G8S and earn rewards in gas fees, proportional to their commitment. The role of validators within the ONEG8 ecosystem is paramount. These individuals are responsible for producing blockchain blocks, and becoming a validator is attainable for anyone meeting the criteria. Validator rewards comprise a percentage of user-paid transaction fees. We've set up measures to protect and appreciate our dedicated coin holders. Participation in the initial round of validators after the main net launch is exclusive to active users with verified addresses and holdings on the ONEG8 wallet. As of August 7th, 2023, coins from exchanges must undergo full International standard KYC procedures to transition to the new G8C coins or partake as validators. The Chain Operation Team has the authority to decline validator applications at its discretion, always striving to maintain the integrity of our ecosystem. With gratitude for your continued support, ONEG8.ONE

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AtromG8AG8 #2047

08 Aug 2023, 13:43

Hi G8KEEPERS, We're thrilled to announce our latest blockchain update 🚨🚨! Our blockchain journey has been filled with determination and hard work. We're proud to present our latest achievements. Read more on our telegram channel 👉

Hi G8KEEPERS,. We're thrilled to announce our latest blockchain update .