We opine that niche ecosystems such as DeFi are only the beginning of an age in which all of these ecosystems are spread over multiple blockchain networks. We will also see more financial and non-financial niche ecosystems for retail and business.
Consumers mushrooming. Therefore, a modular solution is required, and a framework must be developed that facilitates the sharing and sharing of digital assets across these networks.
The Gennix protocol for Layer 2 is built as an agnostic blockchain, and agnostic L2 can communicate with different networks through suitable mechanisms and thus is EVM compatible.
The smart contracts capacity network of Ethereum has allowed thousands of enterprises to connect and interact with millions of users. It is the environment it has built over a period of time that made the network powerful. The Ethereum community is the largest developer and user economy in cryptocurrency and blockchain, and thousands of developers are working on the mainnet and sidechains and spinoffs constantly to improve the Ethereum offers. It is tough to produce something in the silo, and Gennix does not intend to do so.
The Gennix Network Protocol on BSC is built to be ethereum compliant, blockchain agnostic, a Universal Multi-Network Protocol that enables digital objects to share and communicate.
Projects such as Polkadot, Fusion, Cosmos, Solana blockchains, etc., promote interoperability. These ventures enable value and data to be transferred across several networks. Interoperability is important to markets and provides additional customers. Different blockchain networks cannot function openly and usually only operate in silos. Gennix is building its protocol to communicate in an open manner that makes it interoperable with other protocols.
Mechanisms of governance delegation facilitate further commitment and community buy-in for network consumers and members. The Gennix protocol is intended to promote multi-level stakes and governance by means of moderate voting processes. We want to maintain an open, participatory procedure that provides development and end-user comfort.
A number of systems, devices, and procedures cover the laws and settings intended to preserve the network’s integrity, anonymity, and connectivity. The best practicable precautions to maintain maximum safety are essential. The protocol is configured to meet the best expectations and provides a desired degree of certainty such that value and data are securely transferred across many networks.
