The cross-chain infrastructure has launched a public testnet to support the next generation of innovative DeFi and cross-chain dApps

Author: Golden Gate

Golden Gate (GGX) has launched its testnet and invites developers to explore innovative DeFi and cross-chain dApps based on core infrastructure. To enhance DeFi liquidity in Web3.0, Golden Gate (GGX) has made comprehensive and secure innovations in underlying communication, zero-knowledge precompiles, and embedded hybrid virtual machines.

Golden Gate (GGX) is a programmable Layer 0 platform with innovative DeFi building capabilities and leading Web3 security standards. The public testnet of Golden Gate (GGX) welcomes developers interested in building native cross-chain applications to participate.

Golden Gate (GGX) utilizes cross-chain infrastructure to unify existing fragmented infrastructures while protecting on-chain assets in Web3.0. Golden Gate (GGX) addresses the vulnerabilities in current cross-chain infrastructure by allowing developers to leverage its multi-party computation, embedded hybrid virtual machines, and enhanced decentralized oracle capabilities.

"The ability of Golden Gate (GGX) to address key cross-chain pain points is a significant breakthrough for developers and the Web3.0 ecosystem. By providing proprietary zero-knowledge precompile capabilities for innovative DeFi, we can significantly reduce the gas cost efficiency of EVM, and we look forward to developers being creative with our technology," said Matthew Doty, Chief Strategy Officer and Co-founder of Golden Gate (GGX).

Matthew Doty is the second researcher hired by Vitalik Buterin at the Ethereum Foundation. He co-authored the Ethereum mining algorithm with Vitalik in 2015 and is a leading researcher and developer in the field of cryptography.

Since its development began in 2021, Golden Gate (GGX) has now launched its public testnet, with several early Golden Gate (GGX) ecosystem projects currently developing next-generation DeFi applications, including innovative AMM DEXs. Golden Gate (GGX) currently integrates various protocol message standards, including IBC, LayerZero, and XCMP, eliminating developers' concerns about being limited to a specific protocol when building cross-chain solutions, making Golden Gate (GGX) a unique infrastructure platform.

Before founding Golden Gate (GGX), its team helped develop some of today's leading Web3 infrastructures, including Layer 1 blockchains, middleware, and DeFi applications, and has extensive experience in traditional technology, academia, and the aerospace industry. Some of the security standards used by Golden Gate (GGX) are derived from the aerospace and traditional technology sectors.

Viktor Ihnatiuk, CEO and Co-founder of Golden Gate (GGX), also added, "We developed Golden Gate (GGX) to create a Web3.0 technology solution and a reliable and trustworthy platform that can help address the common interaction barriers in the current cross-chain space. The core of this platform is to address the vulnerabilities of multi-chain DeFi, and our goal is to unify and secure cross-chain liquidity in the Web3.0 ecosystem."

Viktor Ihnatiuk, CEO of Golden Gate (GGX), and Yehor Butko, CTO, have jointly led Boosty Labs for the past five years, bringing comprehensive Web3 infrastructure programming and engineering experience to GGX, which has accumulated extensive research and development experience for Golden Gate (GGX).

Boosty Labs is one of the largest and most well-known blockchain developers globally, with 150 engineers and coders, and has provided development support for industry-leading projects such as Consensys, Storj, NEAR, Ledger, and Pocket Network.

To learn more about the Golden Gate (GGX) testnet, you can join the Golden Gate (GGX) Discord community or visit https://ggxchain.io.

About Golden Gate (GGX)

Golden Gate (GGX) is a cross-chain infrastructure that provides protocol-agnostic cross-chain communication and liquidity routing, with a complete security architecture. Golden Gate (GGX) is delivering the next generation of programmable Layer 0, featuring embedded hybrid virtual machines and advanced DeFi orchestration capabilities, providing critical infrastructure for the emerging "blockchain internet" of Web3.0. The Golden Gate (GGX) team has helped build key components of the industry's first generation of fragmented infrastructure and is now fulfilling its mission to "bring seamless composability and enhanced security standards to Web3.0."