One merge hides another – On its website, Gnosis Chain stands as one of the first side chains ofEthereum (ETH). The project focuses on protecting the private life. Recently, it followed Ethereum’s lead by switching to a new consensus architecture, which would have already improved considerably its decentralization.
Gnosis Chain’s The Merge: A Homage to Ethereum
Gnosis Chain has shifted to a proof-of-stake consensus for the processing of its transactions. The network launched its Gnosis Beacon channel last year.
On December 8, Gnosis Chain merged its previous execution layer with the Gnosis Beacon chain. The update took place at Total Terminal Difficulty (TTD) worth: 8626000000000000000000058750000000000000000000
This TTD includes that of The Merge of Ethereum (58750000000000000000000) and thus pays tribute to this major update activated on September 15 of this year.
According to the Gnosis Chain team, this upgrade makes the network the third most decentralized blockchain in the cryptosphere, after Bitcoin (BTC) and Ethereum. Number of validators on Gnosis chain would have jumped from 20 to 100,000 after this merger.
For the co-founder of Gnosis Chain, Martin Köppelmann, this update is only a step that will allow to implement other changes to develop the network. One of these developments concerns theimproving the safety of bridge.
Just like Ethereum, Gnosis Chain now use the proof of stake to ensure the processing of its transactions and also uses it as a basis for its development.
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