Development Progress of GateChain: Desktop Version Supports PoS mining Through Proxy

The intensive testing of GateChain’s Testnet 4.0 prior to the Mainnet launch is ongoing. Tests mainly cover the stability and performance of the Consensus algorithm under a highly decentralized condition. Currently, we are conducting non-stop pressure testing with more than a hundred consensus nodes globally under different network conditions.



Regarding staking rewards for PoS mining, solution 2.1 was exercised: adopt GT both as platform and mainnet tokens without issuing GC; 30 million GT tokens from the team will be used for staking rewards through PoS mining in the upcoming 10 years or more. Additionally, the protocol will be updated to halve the production within 10 years to further lower inflation.



PoS mining through proxy (Delegation) has been launched in the Testnet. Users who are not able to build their nodes, can use one-tap PoS mining through proxy with the proportion of GT according to their needs. To experience one-tap PoS mining through proxy in advance, please download the newest desktop wallet (Windows and Mac OS supported): https://www.gatechain.io/wallets



First Time Users:

Users need to set a password (password will not be uploaded to the server) to sign in after installation. This way, the wallet is password-protected.





Click into Wallet:

Users need to create a normal address (Normal Account) and set an independent password for their funds. After getting into the address, test tokens can be acquired by one tap. It will be shown in the account in seconds. Click on "delegate" and choose the proportion of GT (the proportion of GT is not the funds, so it will not affect the safety of your funds). In this way, users delegate a certain mining node to do PoS mining. After seconds, mining will start to make profits.





Currently, users can delegate any one or more of the following mining nodes to do the test:

1gt11y0d03tey68xk7g0mz7fn78ml6v402dkhgnnujcehsvy8pra8s5ge2z464cqekg55l9qduj

gt11htt90alfywkc6t2498a7j3p458yxlw8gukl8n5ngmd6yj7x03m04r7zluf3zxefpuus7hc

gt11st9pjkmqpn0dd27sze2g4xsn8a7xptc470cuzuv65d94v3fn6n76qmcvq3ldyknc3rd08d

gt11gw7d8lymzdey54h0cck8p7hgm9r905j32lr22rdhn4jexhcm96809nghkwpaqm299y6rm6

gt11xk8egqxdmdvecj7jfv2g5d7dnrdx9acf2pufd76slzjfp9st809gsk0u5t8ss2axca7edd





Wallet Page:

Successfully Delegated


My Delegation


Delegation History


Withdraw Profits





Recent development progress has been listed as follows:


1. Pressure testing has been proved to be stable for a week following the deployment of up to 100 nodes on Devnet, with 5 in Atlanta, 11 in Fremont, 8 in Toronto, 16 in Tokyo, 10 in Singapore, 10 in Mumbai, 10 in Sydney, 10 in London, 5 in Frankfurt, 5 in Newark, and 10 in Dallas.
2. Addressed the problem of unstable network in some nodes in the event of 1,000+ TPS
3. Developed the features of GT desktop wallet and hardware wallets
4. Conducted API integration testing with PoS parameters
5. Added Hash-based signature procedures
6. Optimized the GateChain node monitoring tool
7. Improved visualization and monitoring for node topologies
8. Finished the second regression testing for GateChain features (Two times to go before Mainnet launch)
9. Updated the GateChain command line and API as well as variable naming and documentation
10. Optimized Gatemint-based unit testing of codes and code conventions



Devnet-Based Consensus Node Monitoring









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June 18, 2020