Blockchain Technology

Blockchain’s application allows for several innovative features, including, but not limited to: Instant low-cost transactions carried out via the Base blockchain, immutability for all confirmed transactions (no chargeback risk), overall network security and protection from cyber-attacks, smart contract functionality, market transparency, support for all ERC-20 wallets, and support for trading the GPX token on partner exchanges.

Blockchain technology is generally described as a decentralised, transparent, immutable, shared and incorruptible database network that can be leveraged to record and store value. The initial use cases of blockchain were limited to digital currencies. The market fully appreciated its features, since it brings decentralisation to digital asset storage. This concept is essential to the success of blockchain technology and it prevents any central authorities from editing the stored data. Transparency improves the overall reliability of the network, whereas its cryptographic support allows for highly-secure, yet cheap and instant transactions.

For several years, blockchains were used solely to record cryptocurrency transactions. Bitcoin’s rapid success and growth as the world’s most valuable digital asset convinced people that value could indeed be securely stored online. It also opened up a range of possibilities, as most people that are well-versed in blockchain agree that it can disrupt and revolutionise most of the world’s industries. Full-scale implementation is closer than most people perceive.