GalaChain Unveils Ambitious Decentralization Roadmap
Caroline Bishop Nov 01, 2024 08:01
GalaChain is set to transform into a decentralized platform through a four-phase roadmap, enhancing scalability and inviting developers from various industries.
GalaChain is embarking on a transformative journey towards full decentralization, according to Gala News. The blockchain platform has released its Decentralization White Paper, outlining a comprehensive four-phase roadmap designed to shift GalaChain from a centralized to a decentralized model.
Decentralization: A Fundamental Shift
Initially, GalaChain's centralized infrastructure was pivotal for scaling its Layer 1 blockchain, providing the robustness necessary to support external developers from gaming, music, and film industries. However, with scalability and efficiency now achieved, GalaChain is poised to embrace a decentralized framework.
The transition will be powered by Hyperledger Fabric, gradually moving GalaChain's consensus mechanism from Raft to Byzantine Fault Tolerance (BFT). This change is expected to enhance security and fault tolerance, while maintaining the platform's transaction throughput of up to 1500 transactions per second (TPS).
Four-Phase Roadmap
The decentralization process is structured into four key phases:
- Phase 1: Migration to BFT consensus to bolster security and decentralization.
- Phase 2: Global distribution of nodes and orderers to optimize speed and security.
- Phase 3: Integration with Gala Founder’s Nodes, enhancing their role in transaction validation.
- Phase 4: Implementation of a GalaChain Improvement Proposal (GIP) system to enable decentralized governance.
Empowering Developers and Creators
Decentralization is not solely a technological advancement; it represents a shift towards empowerment and freedom. By removing centralized authorities, GalaChain aims to create a trustless system, allowing participants from diverse regions and industries to contribute to its governance and growth without intermediaries.
This transition fosters a developer-first environment, granting creators more control over their projects, from smart contracts to operational governance. GalaChain's decentralized infrastructure is set to open new opportunities across various sectors, including finance, healthcare, and supply chain management.
A Commitment to Open Innovation
This evolution marks more than just a technical upgrade for GalaChain—it is a commitment to open innovation. The decentralized ecosystem aims to be borderless, inclusive, and industry-agnostic, welcoming developers and industries from around the globe.
As GalaChain progresses through its decentralization roadmap, the community is expected to grow, building the future of decentralized innovation together. For more details, the full Decentralization White Paper can be accessed on the Gala News website.
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