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Gnosis Chain Deep Dive – Why Build on Gnosis Chain?

November 23, 2023
in Web3
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Except you’ve been dwelling beneath a rock, odds are you’re accustomed to the scalability problems with Ethereum. These limitations pose a big impediment for Web3 builders seeking to construct decentralized purposes (dapps) on the Ethereum community, making the method each troublesome and expensive. Consequently, 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? If you happen to’re on the lookout for 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 right now’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 you need 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 solution 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 leap straight into Gnosis improvement, nothing is stopping you from instantly exploring Moralis’ industry-leading Web3 APIs. An ideal instance is the NFT API, which lets you seamlessly construct Gnosis-compatible NFT initiatives. Nevertheless, 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 enroll with Moralis. You may create your account totally freed from cost, and also you’ll be capable of 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. Nevertheless, in 2020, Gnosis introduced its plans to completely transition right into a decentralized autonomous group (DAO). A couple of 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 considered one of Ethereum’s first sidechains. Since its origins, Gnosis Chain has stayed true to its values: resilience and credible neutrality! 

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

Moreover, Gnosis Chain is ruled by a DAO. Consequently, this implies anybody can take part within the decision-making processes relating to 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 strong platform to innovate and construct refined decentralized purposes (dapps)!

Why Construct on Gnosis Chain? 

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

Globally Secured: Gnosis Chain is fortified by 160,000+ validators worldwide. Value-Environment friendly: Expertise environment friendly operations on the low value of simply $0.000099 per 100K gasoline.100% Uptime: Hold your dapps working with none points due to Gnosis Chain’s 100% uptime. Swift Efficiency: With Gnosis Chain’s spectacular five-second block time, you possibly can expertise speedy 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 accustomed to.

Key components of Gnosis Chain - Illustration why build on Gnosis

These are 5 distinguished the explanation why you need 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 unlimited 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 novel and revolutionary dual-token mannequin that includes two cryptocurrencies: GNO and xDai. GNO is used for staking, protocol safety, and neighborhood governance by way of the community’s Gnosis Beacon Chain consensus layer. Alternatively, 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 desires” – is a permissionless decentralized change (DEX) on which customers can commerce fungible tokens. Protected: Protected is a great 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. Because of this Gnosis already has a longtime consumer base from which you’ll rapidly onboard new customers to your initiatives. And that is but one more reason why you need to construct on Gnosis Chain. 

However, that provides you a quick overview of the Gnosis ecosystem. Let’s now discover the simplest solution to construct on Gnosis Chain! 

Prime Gnosis Chain API 

If you wish to construct on Gnosis Chain, you need 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 possibly can construct dapps each quicker 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: 

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

So, are you able to innovate and construct the subsequent huge dapp on Gnosis Chain? In that case, jumpstart your Gnosis Chain journey by signing up with Moralis. You may get an account totally without cost, and also you’ll achieve instant entry to all of the interfaces of Moralis’ Gnosis API suite! 

Additionally, should you’d wish to be taught 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 numerous use instances. So, when working with Moralis, you possibly can construct every part 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 better have a look at three of our most distinguished interfaces to provide you a number of examples: 

Blockchain APIToken APIWallet API 

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

Blockchain API 

Moralis’ Blockchain API is Web3’s most sturdy interface for blockchain knowledge. With this industry-leading device, you possibly can effortlessly unlock the facility 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 possibly can simply get block knowledge, contract occasions, logs, transactions, and way more. Consequently, when working with the Blockchain API, you possibly can seamlessly construct every part 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 handle:const response = await Moralis.EvmApi.occasions.getContractLogs({
“chain”: “0x64”,
“topic0”: “0xddf252ad1be2c89b69c2b068fc378daa952ba7f163c4a11628f55a4df523b3ef”,
“handle”: “0x6A023CCd1ff6F2045C3309768eAd9E68F978f6e1”
});

To be taught extra about how this works, take a look at our Blockchain API tutorial! 

Token API 

With the Token API, you possibly can 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 possibly can construct every part 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 consists of stablecoins, privateness tokens, meme cash, governance tokens, and way more. And a few examples of supported chains are Gnosis, Ethereum, Polygon, and many others. 

Listed below 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”,
“handle”: “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”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
}); getTokenMetadata() – Fetch metadata – together with the identify, image, decimals, emblem, and many others. – for a token primarily based on its contract handle: const response = await Moralis.EvmApi.token.getTokenMetadata({
“chain”: “0x64”,
“addresses”: [
“0x177127622c4A00F3d409B75571e12cB3c8973d3c”
]
});

To be taught extra about how this device works, take a look at our information on the #1 API for crypto costs! 

Pockets API 

Moralis’ Pockets API is the {industry}’s premier device for constructing Web3 wallets and integrating pockets performance into your dapps. This device 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 device, you possibly can seamlessly get every part from pockets transactions, native balances, ERC-20 token balances, NFT balances, and way more in a heartbeat.

To focus on the facility of the Pockets API, listed below are three distinguished endpoints you’ll seemingly 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”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
}); getNativeBalance – Fetch the native stability of a pockets by its handle: const response = await Moralis.EvmApi.stability.getNativeBalance({
“chain”: “0x64”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
}); getWalletTokenBalances() – Get an array of all tokens held by a pockets primarily based on its handle: const response = await Moralis.EvmApi.token.getWalletTokenBalances({
“chain”: “0x64”,
“handle”: “0x7bea4af5d425f2d4485bdad1859c88617df31a67”
});

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

Moralis’ Gnosis API Use Instances 

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

Decentralized Exchanges (DEXs)DAO Administration ToolsStaking PlatformsSecure Pockets PlatformsGovernance PlatformsPrediction 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 facility of Gnosis Chain and the capabilities of Moralis, the one factor stopping you is your creativeness!

Abstract: Why Construct on Gnosis Chain?

In right now’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 Value-Efficient100% UptimeSwift PerformanceEVM-Compatibility

From there, we launched you to the simplest solution to construct on Gnosis Chain: Moralis’ Gnosis-compatible Web3 API suite. This suite accommodates a bunch of industry-leading Web3 APIs that will let you construct every part from DEXs to governance platforms on Gnosis Chain in a heartbeat. 

If you happen to appreciated this Gnosis Chain article, take into account trying out extra content material right here on the Moralis Web3 weblog. As an example, discover our information on Polygon PoS vs Polygon zkEVM, or discover ways to add the Sepolia community to MetaMask. Additionally, make certain to take a look at our Etherscan API alternate options article, construct a real-time pockets tracker, on-chain pockets tracker, or create Chiliz Chain dapps with Moralis’ Chiliz API!

Additionally, should you’re critical about constructing Gnosis Chain initiatives your self, don’t overlook to enroll with Moralis. You may arrange an account totally without cost and achieve entry to all our industry-leading improvement instruments instantly. This can will let you totally harness the facility of Gnosis Chain by enabling you to construct dapps extra effectively! 



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