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💡 This document is continuously being improved.

General Questions

  1. What is a validator?

    Validators propose and vote on blocks to include in the chain. The chain is secured by a staked amount of GNO. Validators stake GNO and receive additional GNO as rewards for correct behavior (proposing and attesting blocks) and a slashed balance as penalties for incorrect behavior (offline node, attesting invalid blocks).

  2. What is PoS (Proof-of-Stake)?

Proof-of-Stake (PoS) is a consensus mechanism for processing transactions and creating new blocks in a blockchain. Staking is when you pledge your coins to be used for verifying transactions. The same PoS implementation underlies both Gnosis Chain and Ethereum's consensus mechanism, except for a few differences outlined here.

  1. What is Gnosis Chain?

Gnosis Chain is an EVM-compatible Layer-1 blockchain that aspires to be the most secure, resilient and credibly neutral blockchain, buttressed by a deeply decentralized network secured by over 200K validators.

  1. What tax software has integrated GC?

    Cryptio is available for German users.