GNOT Price (GNOT)

What Is GNOT(GNOT)?

GNOT(GNOT) is  a next gen smart contracting platform. Gnoland adopts a new language called Gnolang, a fork of the Golang. A clear advantage of Golang compared to other languages is apparent when dealing with concurrency. While a majority of programming languages such as C++ or Java uses multithreading for running concurrent programs, Go uses goroutines.

Who Are the Founders of GNOT(GNOT)?

GNOT(GNOT) is founded by J-Kwon, the former founder of Cosmos.

What Are the Main Features of GNOT(GNOT)?

Gnoland provides the most viable solution, which is integrating goroutines by supporting Golang as the smart contracts language. The most commonly used languages in the current blockchain development environment are Solidity for EVM-compatible networks and Rust for Solana and Cosmos SDK-based networks; both Solidity and Rust are inspired by C++. Although all of the above are excellent languages, Gnolang inherits faster compiling speed, more concise grammar, and resource-effective concurrency from Golang.

What Is GNOT(GNOT) Token?

Gnoland on the other hand, is looking to adopt a dual token model similar to the initial Cosmos idea where the "fee utility" is stript off from the governance token.

As suggested by Jae Kwon, a dual token model that uses a fee token with a fixed-constant-inflation (not exponential as in staking tokens) will have the following advantages over a single token model:

1. Majority of end-users are tech-ignorant, meaning that most of them are clueless to which validators they should be supporting and how to evaluate governance proposals. Simply put, the dual token model mitigates the operational risks by offloading the governance responsibilities from the end-users to nodes, validators, and network stakeholders who have an actual understanding of the blockchain.
2. The point of the governance token is to be staked on the Network for the security of the blockchain. What’s ironic about a single token model is that the more traction a blockchain gets, the more tokens are likely to get unstaked to be used as gas fees, which leads to a decrease of the security of the Network. Having a dual token model addresses this issue.
3. A fixed-constant-inflationary fee token that's solely dedicated to fueling the contracts of the blockchain will allow users to hold the token in a wallet for future usages without worrying about the value of tokens getting inflated away.

GNOT (GNOT) Community

• Discord: https://discord.com/invite/ctRYzHz5dD
• Telegram: https://t.me/gnoland