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Gnosis Chain Deep Dive – Why Construct on Gnosis Chain?

SB Crypto Guru News by SB Crypto Guru News
November 23, 2023
in Web3
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Gnosis Chain Deep Dive – Why Construct on Gnosis Chain?


Gnosis Chain Deep Dive – Why Construct on Gnosis Chain?

Except you’ve been dwelling beneath a rock, odds are you’re conversant in the scalability problems with Ethereum. These limitations pose a big impediment for Web3 builders trying to construct decentralized purposes (dapps) on the Ethereum community, making the method each troublesome and dear. In consequence, builders are turning their consideration to more cost effective options and networks to make blockchain improvement extra possible. One various that has been gaining traction over the previous few years is Gnosis Chain. However what is that this community? And why must you construct on Gnosis Chain? When you’re in search of the solutions to those questions, be a part of us on this article as we dive into the ins and outs of Gnosis Chain!    

Overview 

We’ll begin in the present day’s article by diving straight into the ins and outs of Gnosis Chain. From there, we’ll discover the advantages of the community to focus on why it is best to select to construct on Gnosis Chain. Subsequent, we’ll briefly cowl different merchandise and initiatives throughout the ecosystem. Then, we’ll introduce you to Moralis’ Gnosis-compatible Web3 API suite, offering the simplest strategy to construct apps on the Gnosis community. Lastly, we’ll discover some distinguished Moralis Gnosis API use instances to prime issues off! 

If you wish to bounce straight into Gnosis improvement, nothing is stopping you from instantly exploring Moralis’ industry-leading Web3 APIs. A terrific instance is the NFT API, which lets you seamlessly construct Gnosis-compatible NFT initiatives. Nonetheless, this is only one instance, and we’ll discover a number of others within the ”Why Construct on Gnosis Chain with Moralis?” part additional on within the article! 

Moralis Logo and Title - Why Build on Gnosis Chain?

So, if you wish to construct Gnosis dapps, take this chance and join with Moralis. You’ll be able to create your account solely freed from cost, and also you’ll be capable to unlock the total potential of Gnosis Chain in a heartbeat!

What’s Gnosis Chain? And Why Construct on Gnosis?

Gnosis is a distinguished blockchain infrastructure supplier, and the group was based in 2015 by Stefan George and Martin Köppelman. On the time, they began off by constructing prediction markets. Nonetheless, in 2020, Gnosis introduced its plans to totally transition right into a decentralized autonomous group (DAO). A few yr later, the GnosisDAO and xDAI communities voted to mix forces to create Gnosis Chain!

Official Gnosis Chain Logo with art image illustration of an owl

Gnosis Chain is a community-driven, EVM-based blockchain community, and it’s one among Ethereum’s first sidechains. Since its origins, Gnosis Chain has stayed true to its values: resilience and credible neutrality! 

Gnosis Chain is saved safe by a geographically various community of 160,000+ validators. This various and worldwide set of validators – together with a concentrate on community-driven governance – ensures that Gnosis Chain stays impartial in its operations and true to its unique values. 

Moreover, Gnosis Chain is ruled by a DAO. Consequently, this implies anybody can take part within the decision-making processes concerning the event and way forward for the community. GNO is the governance token for GnosisDAO and the staking token for Gnosis. As such, holders of this token can weigh in on points and proposals and form Gnosis Chain going ahead.

All in all, Gnosis Chain presents you and different builders a robust platform to innovate and construct subtle decentralized purposes (dapps)!

Why Construct on Gnosis Chain? 

Now, with an outline of what Gnosis Chain is, let’s discover among the primary advantages and explanation why it is best to construct on this community: 

  • Globally Secured: Gnosis Chain is fortified by 160,000+ validators worldwide. 
  • Price-Environment friendly: Expertise environment friendly operations on the low price of simply $0.000099 per 100K fuel.
  • 100% Uptime: Maintain your dapps operating with none points due to Gnosis Chain’s 100% uptime. 
  • Swift Efficiency: With Gnosis Chain’s spectacular five-second block time, you’ll be able to expertise fast transaction confirmations to make sure your initiatives carry out on the prime stage.
  • EVM-Compatibility: Gnosis Chain is EVM-compatible. Consequently, when working with this community, you should utilize Ethereum instruments, sensible contracts, and wallets you’re conversant in.
Key components of Gnosis Chain - Illustration why build on Gnosis

These are 5 distinguished explanation why it is best to construct on Gnosis Chain. Let’s now discover the Gnosis ecosystem a bit additional! 

Exploring the Gnosis Ecosystem 

Along with the sidechain, Gnosis additionally hosts an enormous ecosystem of different merchandise and initiatives, and on this part, we’ll discover a number of distinguished examples: 

  • Tokens: Gnosis Chain makes use of a singular and revolutionary dual-token mannequin that includes two cryptocurrencies: GNO and xDai. GNO is used for staking, protocol safety, and neighborhood governance through the community’s Gnosis Beacon Chain consensus layer. However, xDai is a stablecoin following the USD. This coin is used for transaction charges and funds on the community. 
  • CoW: CoW – which is an abbreviation for ”coincidence of needs” – is a permissionless decentralized alternate (DEX) on which customers can commerce fungible tokens. 
  • Protected: Protected is a brilliant pockets platform and infrastructure supplier main the cost for account abstraction on the Ethereum community. 
Gnosis Safe landing page

The three examples above solely scratch the floor of the Gnosis ecosystem, and the community moreover hosts quite a lot of different dapps. Which means that Gnosis already has a longtime consumer base from which you’ll be able to shortly onboard new customers to your initiatives. And that is but one more reason why it is best to construct on Gnosis Chain. 

Nonetheless, that offers you a quick overview of the Gnosis ecosystem. Let’s now discover the simplest strategy to construct on Gnosis Chain! 

Prime Gnosis Chain API 

If you wish to construct on Gnosis Chain, it is best to know that the simplest method to take action is to leverage Moralis’ industry-leading Gnosis API suite. Our premier interfaces now help Gnosis Chain, enabling you to seamlessly unlock the total energy of the community so you’ll be able to construct dapps each sooner and smarter! 

Art image illustration - Use Moralis Gnosis API - Best Way to Build on Gnosis Chain

However why must you construct on Gnosis Chain with Moralis? 

To reply the question above, let’s discover the principle advantages of Moralis’ Gnosis-compatible API suite: 

  • Immediate Setup: Begin constructing in a heartbeat with out the cumbersome means of any preliminary setups. 
  • Correct Information: Expertise knowledge integrity with constant and exact data instantly from Gnosis Chain. 
  • Actual-Time Information: Maintain your customers up-to-date with real-time knowledge. 
  • Listed Information: Entry the information on Gnosis Chain completely listed and able to use very quickly. 
  • Unparalleled Scalability: Moralis’ Gnosis API suite is constructed to scale, that means that our interfaces may have no hassle dealing with the rise in visitors as your initiatives develop. 
  • And extra! 

So, are you able to innovate and construct the subsequent massive dapp on Gnosis Chain? In that case, jumpstart your Gnosis Chain journey by signing up with Moralis. You may get an account solely at no cost, and also you’ll achieve instant entry to all of the interfaces of Moralis’ Gnosis API suite! 

Additionally, for those who’d prefer to study extra about this, be a part of us within the subsequent part, as we’ll dive deeper into Moralis’ Gnosis-compatible API suite! 

Why Construct on Gnosis Chain with Moralis? 

The Moralis Gnosis API suite contains a number of industry-leading interfaces for varied use instances. So, when working with Moralis, you’ll be able to construct every little thing from a block explorer to a real-time pockets tracker in a heartbeat! 

To focus on the unequalled capabilities of Moralis’ Gnosis API suite, we’ll take a more in-depth have a look at three of our most distinguished interfaces to present you a number of examples: 

  • Blockchain API
  • Token API
  • Pockets API 

So, with no additional ado, let’s dive straight into Moralis’ Blockchain API! 

Blockchain API 

Moralis’ Blockchain API is Web3’s most strong interface for blockchain knowledge. With this industry-leading software, you’ll be able to effortlessly unlock the ability of blockchain knowledge with tempo and precision throughout all main EVM-compatible blockchain networks, together with Gnosis Chain! 

Build on Gnosis using Moralis Blockchain API

With solely single strains of code, you’ll be able to simply get block knowledge, contract occasions, logs, transactions, and rather more. Consequently, when working with the Blockchain API, you’ll be able to seamlessly construct every little thing from block explorers to real-time buying and selling platforms with out breaking a sweat.

To focus on the accessibility of the Blockchain API, we’ll present three examples of distinguished endpoints beneath: 

  • getBlock() – Get the contents of a block by block quantity or hash: 
​​const response = await Moralis.EvmApi.block.getBlock({
  "chain": "0x64",
  "blockNumberOrHash": "23233"
});
  • getTransaction() – Fetch the contents of a transaction by its hash: 
const response = await Moralis.EvmApi.transaction.getTransaction({
  "chain": "0x64",
  "transactionHash": "0x0342ba9dfcfe1ba7047ab988518c27734107cf999e827d0ae3dca97972a025f5"
});
  • getContractLogs() – Question the logs of a contract primarily based on its deal with:
const response = await Moralis.EvmApi.occasions.getContractLogs({
  "chain": "0x64",
  "topic0": "0xddf252ad1be2c89b69c2b068fc378daa952ba7f163c4a11628f55a4df523b3ef",
  "deal with": "0x6A023CCd1ff6F2045C3309768eAd9E68F978f6e1"
});

To study extra about how this works, try our Blockchain API tutorial! 

Token API 

With the Token API, you’ll be able to seamlessly add and combine real-time token costs, pockets balances, transfers, and extra into your Web3 initiatives with solely single strains of code. Consequently, when working with Moralis’ Token API, you’ll be able to construct every little thing from DEXs to token analytic instruments in a heartbeat!

Create token-related dapps on Gnosis Chain Using Moralis Token API

Moreover, the Token API helps each single token throughout ten+ EVM chains. This contains stablecoins, privateness tokens, meme cash, governance tokens, and rather more. And a few examples of supported chains are Gnosis, Ethereum, Polygon, and so on. 

Listed here are three examples of distinguished endpoints to focus on the accessibility and energy of Moralis’ Token API: 

  • getTokenPrice() – Get the worth of a token denominated in each Gnosis Chain’s native coin and USD: 
const response = await Moralis.EvmApi.token.getTokenPrice({
  "chain": "0x64",
  "deal with": "0x6A023CCd1ff6F2045C3309768eAd9E68F978f6e1"
});
  • getTokenTransfers() – Question an array of all token transactions of a pockets ordered by block quantity in descending order: 
const response = await Moralis.EvmApi.token.getWalletTokenTransfers({
  "chain": "0x64",
  "deal with": "0x7bea4af5d425f2d4485bdad1859c88617df31a67"
});
  • getTokenMetadata() – Fetch metadata – together with the identify, image, decimals, brand, and so on. – for a token primarily based on its contract deal with: 
const response = await Moralis.EvmApi.token.getTokenMetadata({
  "chain": "0x64",
  "addresses": [
    "0x177127622c4A00F3d409B75571e12cB3c8973d3c"
  ]
});

To study extra about how this software works, try our information on the #1 API for crypto costs! 

Pockets API 

Moralis’ Pockets API is the {industry}’s premier software for constructing Web3 wallets and integrating pockets performance into your dapps. This software boasts spectacular options, unparalleled scalability, and excessive flexibility, permitting you to construct a variety of dapps! 

Create next-gen wallets on Gnosis using Moralis Wallet Gnosis API

What’s extra, the Pockets API helps over 500 million addresses throughout all main EVM chains, together with Gnosis Chain, Ethereum, Polygon, BNB Good Chain, and lots of others. With this software, you’ll be able to seamlessly get every little thing from pockets transactions, native balances, ERC-20 token balances, NFT balances, and rather more in a heartbeat.

To focus on the ability of the Pockets API, listed below are three distinguished endpoints you’ll probably discover useful when constructing on Gnosis Chain:

  • getWalletTransactions() – Question an array of all native transactions of a pockets ordered by block quantity in descending order: 
const response = await Moralis.EvmApi.transaction.getWalletTransactions({
  "chain": "0x64",
  "deal with": "0x7bea4af5d425f2d4485bdad1859c88617df31a67"
});
  • getNativeBalance – Fetch the native steadiness of a pockets by its deal with: 
const response = await Moralis.EvmApi.steadiness.getNativeBalance({
  "chain": "0x64",
  "deal with": "0x7bea4af5d425f2d4485bdad1859c88617df31a67"
});
  • getWalletTokenBalances() – Get an array of all tokens held by a pockets primarily based on its deal with: 
const response = await Moralis.EvmApi.token.getWalletTokenBalances({
  "chain": "0x64",
  "deal with": "0x7bea4af5d425f2d4485bdad1859c88617df31a67"
});

That’s it for our three examples; if you wish to discover all interfaces of Moralis’ Gnosis API suite, try our Web3 API web page! 

Moralis’ Gnosis API Use Circumstances 

Now that you’ve got familiarized your self with Moralis’ Gnosis-compatible API suite, let’s have a look at what you’ll be able to construct utilizing our industry-leading improvement instruments. Listed here are a number of distinguished examples: 

  • Decentralized Exchanges (DEXs)
  • DAO Administration Instruments
  • Staking Platforms
  • Safe Pockets Platforms
  • Governance Platforms
  • Prediction Markets
Showing Gnosis Chain Dapp Examples of what you can build using Moralis Web3 API suite

The use instances above are just a few examples, and with the ability of Gnosis Chain and the capabilities of Moralis, the one factor stopping you is your creativeness!

Abstract: Why Construct on Gnosis Chain?

In in the present day’s information, we kicked issues off by exploring the ins and outs of Gnosis Chain. In doing so, we realized that it’s a community-run EVM blockchain community and one of many first Ethereum sidechains! 

Why construct on Gnosis Chain? As we moved ahead on this article, we got down to reply that query! And to take action, we explored among the community’s most distinguished advantages: 

  • Globally Secured 
  • Price-Environment friendly
  • 100% Uptime
  • Swift Efficiency
  • EVM-Compatibility

From there, we launched you to the simplest strategy to construct on Gnosis Chain: Moralis’ Gnosis-compatible Web3 API suite. This suite comprises a bunch of industry-leading Web3 APIs that assist you to construct every little thing from DEXs to governance platforms on Gnosis Chain in a heartbeat. 

When you favored this Gnosis Chain article, contemplate trying out extra content material right here on the Moralis Web3 weblog. As an illustration, discover our information on Polygon PoS vs Polygon zkEVM, or discover ways to add the Sepolia community to MetaMask. Additionally, ensure to take a look at our Etherscan API alternate options article, learn how to construct a real-time pockets tracker, on-chain pockets tracker, or learn how to create Chiliz Chain dapps with Moralis’ Chiliz API!

Additionally, for those who’re critical about constructing Gnosis Chain initiatives your self, don’t neglect to enroll with Moralis. You’ll be able to arrange an account solely at no cost and achieve entry to all our industry-leading improvement instruments instantly. This can assist you to absolutely harness the ability of Gnosis Chain by enabling you to construct dapps extra effectively! 



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