What Is Gnosis? Inside the Ethereum Layer-2 Blockchain Infrastructure
Gnosis is a decentralized platform on Ethereum that focuses on prediction markets, decentralized finance (DeFi), and secure digital asset management through its Gnosis Safe multi-signature wallet. Founded in 2015, Gnosis has evolved from a prediction market into a comprehensive infrastructure ecosystem. The Gnosis ecosystem includes Gnosis Chain, a sidechain that offers cost-effective transactions, Cow Swap, a decentralized exchange, and the Coincidence of Wants Protocol which matches user trades effectively. Gnosis DAO governs the ecosystem using a unique model involving prediction markets to guide decision-making. Recently, Gnosis has faced challenges, including a significant breach affecting a developer's laptop resulting in a major hack of the Bybit exchange. Despite this, Gnosis continues to grow, having surpassed 200 million transactions, with plans for Gnosis 3.0 to create practical applications for everyday users. The platform remains a significant player in the Ethereum network, emphasizing efficiency and community governance.
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