GaiaWorld, an emerging force in gaming blockchain industry, announced on May 30, 2018 that it is resolved to build a blockchain platform taking games as its classic application. Concentrating on technical development, the pragmatic team would rather keep it low and deliver satisfactory products than crow about capital investment.
Focusing on team building, market exploration, and technical development, GaiaWorld is to advance with the upgrade of entire technical architecture by enhancing consensus algorithm development and underlying platform research. Initiator of the project, Dr. Fenix, who earned his doctorate in the US, said it’s great working with a bunch of ambitious engineers to build a real blockchain 3.0 platform. In the days to come, GaiaWorld will make efforts to serve more DApp enterprises and blockchain peripheral ecosystems.
According to GaiaWorld co-founders, “Gaming blockchain suffers many pain points in its development. On the one hand, it lacks a sound business mode. Those Ethereum games, say CryptoKitties, are more like speculation tools than games. On the other hand, blockchain technology hasn’t been mature enough to support fast processing speed, high scalability and sufficient block size. Large-scale transactions and application scenarios remain challenging for blockchains. Ethereum, for example, was jammed by the tide of cat buyers, how could it handle a mega game like StarCraft? Besides, the industry is still waiting for a set of standards and rules to guide the implementation of blockchain technology and scenarios.”
Basing on a competitive Proof-of-Stake consensus algorithm, GaiaWorld aims to boost the hash rate of blockchain by optimizing its understructure with fairer consensus algorithms and distributed technologies, offering better solutions for the blockchain industry.
GaiaWorld’s three core technologies: Gaia Parachain prevents data over-expansion and relieves the main chain by building parallel chains using the same coding system and consensus algorithm (POS); Gaia Shield Protocol enables use of extra-chain data through a verified safe gateway, dramatically broadening the application of smart contracts; and Competition-based Proof-of-Stake, or CPoS, is employed to select the address with the greatest right-to-vote as the block generation node, thereby significantly improve the processing efficiency of blockchain. In our online test, it has achieved 1000tps.
GaiaWorld’s core team comprises a group of PhDs and engineers with rich experience in game technology.