Why Gnoland?

seven77@newsletter.paragraph.com (seven77) — Wed, 31 Aug 2022 04:13:43 GMT

First of all GNOLAND being a new blockchain designed by Jae Kwon, a core contributor to Cosmos and Tendermint, there is no doubt about his technical ability. GNOLAND aims to optimize the consensus process between verifiers, the integrity of the smart contract language and the sustainability of the token economics. It is believed that Jae Kwon is building Gnoland to introduce a high-performance blockchain capable of running smart contracts that takes full advantage of Golang and the advanced hardware of modern computers. Jae Kwon's proposed dual-token model, and the way to implement it on Gnoland to maximize the sustainability and usability of token economics. This is what makes it so interesting to me. Now let's quietly look forward to the growth of gnoland.

What is L2?

seven77@newsletter.paragraph.com (seven77) — Mon, 08 Aug 2022 17:42:55 GMT

L2 (Layer 2) is an extended solution with a separate execution layer (where the code runs, i.e. EVM) that inherits the security and decentralization of the network it runs on, i.e. L1, which in our case is Ether. This means that if L2 goes dark due to an error, infrastructure exploit or outage, the funds are safely protected by the L1's smart contract bridge. Funds can be retrieved based on the latest status snapshot submitted to the main network. A true L2 bridge is fully de-privileged and decentralized, so once a user deposits funds, there is always a guarantee. Some extension methods use different cryptographic proof mechanisms with different security and scalability tradeoffs.