Golden Gate (GGX) released the testnet, inviting developers to explore innovative DeFi and cross-chain dApps based on core infrastructure. In order to enhance DeFi liquidity in Web3, Golden Gate (GGX) has carried out comprehensive and secure innovations in underlying communication, zero-knowledge pre-compilation, and embedded hybrid virtual machines.
On May 12, 2022, Singapore time, Golden Gate (GGX) officially announced the launch of the test network, which was also reported by the well-known media Bloomberg.
Golden Gate (GGX) is a programmable Layer 0 platform with innovative DeFi construction capabilities and leading Web3 security standards. The public testnet of Golden Gate (GGX) welcomes the participation of developers interested in building native cross-chain applications.
Golden Gate (GGX) utilizes cross-chain infrastructure to unify the existing fragmented infrastructure while protecting the assets on the Web3.0 chain. Golden Gate (GGX) addresses the vulnerability of current cross-chain infrastructure by allowing developers to take advantage of its multi-party computing, embedded hybrid virtual machine, and enhanced decentralized oracle capabilities.
"Golden Gate (GGX)'s ability to solve key cross-chain pain points is a significant breakthrough for developers and the Web3.0 ecosystem. By providing innovative DeFi with a proprietary zero-knowledge pre-compilation function, it can greatly reduce EVM Gas cost-efficiency, we expect developers to be creative when using our technology," said Matthew Doty, Chief Strategy Officer and Co-Founder of Golden Gate (GGX).
Matthew Doty is the second researcher of the Ethereum Foundation recruited by V God Vitalik. He wrote the Ethereum mining algorithm with V God in 2015 and is a top researcher and developer in the field of encryption technology.
Since the development of Golden Gate (GGX) started in 2021 and the public beta has been launched now, there are already many early Golden Gate (GGX) ecological projects that are developing the next generation of DEFI applications, including the innovative AMM DEX and so on. Golden Gate (GGX) currently integrates a variety of protocol message standards including IBC, LayerZero, and XCMP, which eliminates developers' doubts about being limited to a certain protocol when doing cross-chain, which makes Golden Gate (GGX) a Unique infrastructure platform.
Prior to founding Golden Gate (GGX), its team helped and developed some of today's leading Web3 infrastructures, including Layer1 blockchains, middleware, and DeFi applications, and has extensive experience in traditional technologies, academia, and the aerospace industry experience of. Some of the safety standards used by Golden Gate (GGX) were imported from the aerospace and traditional technology industries.
Viktor Ihnatiuk, CEO and co-founder of Golden Gate (GGX), added: "We developed Golden Gate (GGX) to create a Web3. Ubiquitous interaction barriers. The core of the platform is to solve the loopholes of multi-chain DeFi, and our goal is to unify and guarantee the cross-chain liquidity in the Web3.0 ecosystem.”
Golden Gate (GGX) CEO Viktor Ihnatiuk and CTO Yehor Butko have co-led Boosty Labs for the past five years and have brought comprehensive Web3 infrastructure programming and engineering experience to GGX, which has accumulated for Golden Gate (GGX) Comprehensive research and development experience.
Boosty Labs is one of the largest and most well-known blockchain developers in the world, with 150 engineers and coders, and has provided development support for industry-renowned projects such as Consensys, Storj, NEAR, Ledger and Pocket Network.
If you want to learn more about Golden Gate (GGX)'s public testnet, join the Golden Gate (GGX) Discord community, or visit ggxchain.io for more information.
About Golden Gate(GGX)
Golden Gate (GGX) is a cross-chain infrastructure that provides protocol-independent cross-chain communication and liquidity routing with a complete security architecture. Golden Gate (GGX) is delivering a next-generation programmable Layer 0 with embedded hybrid virtual machine and advanced DeFi orchestration capabilities, providing the key infrastructure for Web3's emerging "Internet of Blockchains". The Golden Gate (GGX) team, which helped build key components of the industry's first generation of fragmented infrastructure, is now on a mission to "bring seamless composability and enhanced security standards to Web3."