Description
What Is GTS Universe (GTS)?
GTS Universe is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. GTS Universe was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.
GTS Universe provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.
The GTS Universe protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the GTS Universe Relay Chain (explained further down).
GTS Universe?s native GTS Universe token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains .
GTS Universe has four core components:
Realy Chain: GTS Universe?s ?heart,? helping to create consensus, interoperability and shared security across the network of different chains;
Parachains: independent chains that can have their own tokens and be optimized for specific use cases;
Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;
Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.
The network has a highly sophisticated user-driven governance system where all token holders have a vote in how the network is run. Teams can customize their own blockchain?s governance on GTS Universe based on their needs and evolving
