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What Is GalaChain?

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풀어 주다: 2024-08-16 15:43:16
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GalaChain is a Layer 1 blockchain built for entertainment but ready for anything, created by Gala Games to power its growing entertainment ecosystem.

What Is GalaChain?

GalaChain is a Layer 1 blockchain built for entertainment but ready for anything, created by Gala Games to power its growing entertainment ecosystem. GalaChain is built on Hyperledger Fabric (HLF) and powered by a network of Founder’s Nodes.

Key Takeaways

GalaChain is a Layer 1 blockchain developed by Gala to serve as the backbone of its Web3 entertainment ecosystem, including games, music and film.

GalaChain is built on the robust foundation of Hyperledger Fabric(HLF) and powered by a network of Founder’s Nodes.

The GALA token serves as the foundational utility token within the expansive Gala ecosystem, emitted daily to active Founder’s Node operators.

Following the successful implementation of GalaChain for Gala’s core entertainment brands, a publicly available SDK and creators toolkit opened in early 2024, extending GalaChain development to creators and innovators from industries beyond entertainment.

Introduction to GalaChain

GalaChain was initially built by pioneering web3 gaming platform and publisher Gala Games for the rapidly expanding demands of 21st century gaming. With its impressive speed, security and scalability, GalaChain is the backbone of Gala’s core family of brands, with Gala Music and Gala Film built on the network. This blockchain ensures that various components of the Gala ecosystem operate smoothly without the delays and high costs associated with other blockchains.

At its core, GalaChain is powered by a network of Founder’s Nodes. The central token, GALA, plays a crucial role, being burned as transactional gas fees and rewarding the node operators that power the ecosystem. As a Layer 1 blockchain, GalaChain also enables the creation of other tokens, channels and more specialized node networks, such as its game-specific nodes for titles like Common Ground World and Last Expedition, or its Theater Nodes, which host decentralized film content on the Gala Film platform.

GalaChain was designed with a clear objective: To robustly support the demands of Web2 gaming while adding Web3 functions (such as ownership and rewards) and extending its capabilities to other industries. The design philosophy behind GalaChain is simple yet ambitious: If it can seamlessly handle the intensive requirements of gaming, it can accommodate virtually any application or industry need. This approach positions GalaChain as a distinctly scalable blockchain solution with a head start on the tech demands of multiple industries.

The Team Behind GalaChain

Gala was founded in 2018 by Eric Schiermeyer, co-founder of Zynga and pioneering innovator of the social gaming genre. The founding team included some of the creators of social gaming hits like Farmville 2, Words with Friends and Zynga Poker. Zynga is recognized as a global leader in interactive entertainment, known for its social video game services. Farmville 2 is one of its standout agriculture-simulation social network games whose legacy is carried on with Gala’s Common Ground World, adding ownership, rewards and unique farm sim mechanics to a massively popular gaming genre.

Gala’s partnerships span a diverse array of reputable entities within the gaming and entertainment industries. These include DreamWorks Animation, an animation studio under Universal Pictures; AMC Networks, an entertainment company; and NBCUniversal, a multinational mass media and entertainment conglomerate. Additionally, Gala has collaborated with iconic game developers such as Peter Molyneux and Will Wright. The company also works with music industry giants like Snoop Dogg, Ice Cube, Brray, Kings of Leon and many more.

Since its inception, Gala has grown to be a leader in Web3 entertainment. The development of GalaChain exemplifies its commitment to innovation, providing a robust and versatile blockchain platform to support its expanding ecosystem.

How GalaChain Works

GalaChain combines advanced blockchain technology with a robust network infrastructure to create a versatile and high-performance platform for the Gala ecosystem.

Hyperledger Fabric (HLF)

GalaChain is built on the robust foundation of Hyperledger Fabric (HLF), which provides a modular architecture with interchangeable components such as consensus and membership services. This plug-and-play environment ensures that GalaChain can be customized to meet the specific needs of the Gala ecosystem. Hyperledger Fabric, a project initiated by the Linux Foundation in 2015, promotes the development of cross-industry blockchain technologies through a collaborative, community-driven approach.

One of the key features of Hyperledger Fabric is its private and permissioned nature, making it ideal for enterprise use. Companies like Honeywell, Walmart, and Bosch leverage HLF for their secure, scalable, and customizable private blockchains. For GalaChain, this means a stable and adaptable chain that supports the various components of Gala’s entertainment ecosystem.

GalaChain sets itself apart from other blockchains like Ethereum and Bitcoin which rely on non-permissioned, probabilistic consensus algorithms and are prone to ledger forks. GalaChain uses deterministic consensus algorithms with a specific type of node called an orderer, part of an ordering service. This asynchronous and multi-step process ensures that any block validated by a peer is final and accurate, eliminating the risk of ledger forks. By separating chaincode

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