GateChain

As an innovative public network focused on the security of assets on the network, GateChain introduces a number of new concepts. GateChain hopes to help users better understand GateChain's security logic by providing a description of the concepts. In addition, in order to ensure the security of transactions, GateChain proposed an innovative identification of the address type and transaction type, in order to make it easier for the user to effectively identify different types of account and transfer type, so as to avoid user misconduct.

In April 2019, the Gate.io crypto exchange team launched its own cryptocurrency, Gatechain Token (GT). Unlike most other coins created by exchanges, this token is necessary to maintain the operation of the Gatechain network, it is planned to be launched at the end of 2019. The developers are going to make the storage and exchange of blockchain assets more reliable and secure, so the GT token has good prospects.

Gate.io is a crypto exchange that appeared on the market after the cryptocurrency began to rise sharply in price in 2017. There is no exact information about who is behind this project, but it is known that the domain is registered in Arizona, USA, owned by Gate Technology Inc, registered in Virginia.

The main features of the GateChain ecosystem can be listed as follows:

- Transfers/Payments: Using the wallet or client applications, users can send and receive GateToken GT tokens, as well as popular assets on the network.

-asset issuance: users can issue their own tokens to digitize and manage their assets. For more information, visit the Asset Management section.

-Multi-Signature: Multiple people can jointly own an account and customize its management to suit both business and family requirements. For more information, see the Multisignature page.

-Secure Asset Vault: With a uniquely designed vault account and purge mechanism, the account can be 100% protected with revocation/purge features against anomalous transactions. For more information, see Transaction Security.

-PoS consensus mechanism: GT works as a stable incentive for staking users, ensuring the underlying health and stability of the ecosystem. PoS Mining.

GateChain is a new next-generation public blockchain focused on on-chain asset security and decentralized trading. With a uniquely designed storage account and its anomalous transaction handling features, GateChain is a never-before-seen cleanup mechanism that solves the complex problems of asset theft and private key loss. Along with other core features, decentralized trading and cross-network transfers will also be supported. GateChain focuses on on-chain asset security and introduced the following new concepts: Regular Account, Storage Account, Extract Account, Clearing Height, Revocable Delay Period, Address Type, Transaction Type.

GateToken (GT) is the native currency of the GateChain ecosystem. It is used to pay transaction fees on the GateChain network and also serves as a PoS staking reward. This is important for GateChain functions.

GateChain provides a variety of wallet applications, from personal to professional.

During the testnet phase, GateChain provided desktop wallets for Windows and Mac OS; professional users can also access and test the API.

One of the shortcomings of the current state of affairs in the cryptosphere is the impossibility of returning the crypt in case of its theft and the impossibility of restoring access to the wallet if the key is lost. Gate.io crypto exchange team is going to solve these problems and launch Gatechain at the end of 2019. This is a separate network with the function of returning the crypt in case of its theft, and the possibility of restoring access to the wallet will also be implemented in it. Technical details are promised to be revealed after launch.

GateToken price is expected to peak at $14.873 in 2022.

As early as 2023, according to our Cryptocurrency Price Prediction Index, GateToken (GT) could top out at $28.62 with an average trading price of $21.284.

By 2025, according to our cryptocurrency price prediction index, GT should cross the $34.50 average price level. The minimum expected price of GateToken at the end of this year should be $31.86. In addition, the GT may reach a maximum price level of $35.17.