GOLDX Docs
  • Summary
  • DOCUMENTATION
    • Learn about the GoldX Platform
      • GoldX Overview: vision, strategy and platform components
      • The GoldX Blockchain
        • Discovering the Network
        • GoldX Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting GoldX's Scalability
      • GoldX Token (GOLDX)
        • GOLDX Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting GOLDX
        • GOLDX on Other Chains
      • Interoperability
      • GoldX Governance and Development
        • GoldX Assembly
        • GoldX Improvement Proposals (FIPs)
      • Wallets supporting GoldX
    • GoldX for Business
    • Things you can do on GoldX
      • Interacting with the GoldX Blockchain
      • GoldX Ecosystem
      • Community
      • Grants and Bounties
    • GoldX Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • GoldX Mainnet
      • GoldX Testnet Spark
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • GoldX Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on GoldX
    • How to become a validator
      • Getting started as a validator
  • Links
    • Discord
    • Facebook
    • GitHub
    • LinkedIn
    • Medium
    • Telegram
    • Twitter
    • YouTube
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  1. DOCUMENTATION
  2. Learn about the GoldX Platform

The GoldX Blockchain

PreviousGoldX Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 2 years ago

Network Overview and Key Metrics

GoldX is the decentralized EVM-compatible public blockchain that powers the GoldX platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of GoldX.

The GoldX blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving . The consensus is secured by a significant number of independent validators, only one of which is run by the GoldX core team.

Validators are also responsible for the most important type of governance on GoldX, namely, adopting the network protocol changes via (FIPs).

The native token of the network is called GOLDX. New GOLDX tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.

The GoldX blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on GoldX is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.

In its present capacity, the GoldX blockchain is capable of processing around 120 native token transfers and 60 TL20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.

consensus
GoldX Improvement Proposals