CandleFocus GalaChain Launches New Decentralized Network
2024-10-23
Author: Content Editor
Gala has announced the launch of its new decentralized network, GalaChain, in partnership with LF Decentralized Trust. The network aims to improve token value in the competitive altcoin market and focuses on security, scalability, and flexibility. GalaChain plans to transition from the Raft consensus mechanism to the more robust Byzantine Fault Tolerance (BFT) algorithm to enhance security. Key takeaways from the development include a commitment to decentralization, the utilization of Gala Founder Nodes, introduction of Improvement Proposals (GIPs), and the establishment of a global server distribution for network security. The success of GalaChain will depend on its ability to achieve full decentralization and steady development, which could significantly impact the GALA Coin value.
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