A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply
GnosisDAO has approved a plan to retire Gnosis Chain’s standalone Layer 1, a shift that will unlock roughly 350,000 staked GNO. Under GIP-153, Gnosis Chain will become a zero-knowledge-proven Ethereum Economic Zone rollup that settles directly to Ethereum every block. The network will eventually retire its independent validator set and inherit security from Ethereum validators […] The post A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply appeared first on CryptoSlate.
Key Takeaways
- GnosisDAO has approved a plan to retire Gnosis Chain’s standalone Layer 1, a shift that will unlock roughly 350,000 staked GNO.
- Under GIP-153, Gnosis Chain will become a zero-knowledge-proven Ethereum Economic Zone rollup that settles directly to Ethereum every block.
- The network will eventually retire its independent validator set and inherit security from Ethereum validators […] The post A crypto network just voted to abandon its standalone blockchain and unlock 27% of its token supply appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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