What does gas mean in blockchain (gsc blockchain)?
What does gas mean in blockchain? What does gas mean in blockchain? Gas in block
What does gas mean in blockchain? What does gas mean in blockchain?
Gas in blockchain is a distributed network, with a processing speed of 100,000 transactions per second per block. Currently, many decentralized applications (DApps) use the data transmission protocol on this chain called IPFS (Internet Computer File System), and Ethereum DApps are also gaining more consensus through this technology. However, these DApps do not run on true internet services, but rather operate on cloud computing and big data platforms. How does gas work? What is it and why does it need to be consumed? How does gas work and how much energy does it release? How does it operate?
To send a transaction to a specified address, a certain fee must be paid to complete the transfer. If this payment is not accepted, the user can continue with the transfer operation. And when you receive a new GAS, you can send this new token to your friends, family, or friends based on your balance. However, this method will result in your funds being wasted, ultimately leading to the inability to recover assets.
GSC Blockchain
According to official news from GSC blockchain, on October 25, 2018, the National Institute of Standards and Technology (NIST) of the United States released a report titled “Distributed Ledger and Digital Currency”. This study proposes a new peer-to-peer network protocol called the GSC Blockchain Protocol. GSC is an open-source, programmable, and decentralized blockchain platform whose goal is to store global public service data in a secure, transparent, and highly decentralized network.
It is reported that there are already more than 200 projects using the GSC blockchain, including companies such as Google Cloud and Microsoft Azure.
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