Simplifying Blockchain for Real-World Integration (RWI), with intuitive, secure solutions, making it easy for retail and private sectors to enter the space.
We are happy to announce that the G6 Milestone 2 proposal is live, featuring the Enterprise SDK for Managed Blockchains and Polkadot Citizens Integration.
Cast your vote and share your thoughts! 🗳️🗳️🗳️
It also includes a decentralized event/meetup
We are excited to share our first Medium article! Dive into our introduction and gain valuable insights. Check it out now and follow us for more educational content!
🚨 Data security nightmares are becoming all too real. In a world where digital complexity is growing, losing access to crucial information or exposing sensitive data can have devastating consequences. The demand for secure, scalable, and user-friendly solutions has never been
Explore how blockchain can modernize public systems in our latest Medium article! Written from a Hungarian perspective, this guide studies the benefits of blockchain for enhancing efficiency and security in government services. 🌍☀️
Our referendum, "G6 Networks: Polkadot Ecosystem Expansion with Institutions," has passed! 🥳😊
Grateful for all the support and comments. Thank you,
@Polkadot
community. 🙏 You won't be disappointed in us! 🫡
Thanks to
@BIS_org
for the insightful research! 🌟 It's validating to see that our solutions can effectively mitigate these risks. Check out our Medium article for more details:
What are the risks facing banks that transact on permissionless blockchains or similar
#DLT
technology and what can be done to mitigate them? This
#BaselCommittee
working paper offers insights into potential risk management strategies and safeguards
The global monetary system is at a crossroads. With the rise of decentralized finance (DeFi) and distributed ledger technologies (DLTs), financial institutions are facing unprecedented challenges and risks. How should they navigate this new landscape? Let's dive in.
A thread🧵
Did we mention that Six, our Chief Architect is one of the five global Head Ambassadors at
@Polkadot
? 🫡
You can’t be bullish enough on what’s coming soon. Stay tuned!
This weekend, the
@Olympics
will end with the marathon races. While those might wrap up in just over 2 hours, our journey has just begun. We've just started gearing up for our own marathon. Stay tuned, get active, and let's go the distance together!🏃🏼♂️🏃🏼♀️
If you are a developer or a
@Polkadot
enthusiast you need to know what Polkadot.js is.
Let me explain 👇
1️⃣ Overview
Polkadot.js is an open-source JavaScript library and browser-based interface that connects to the Polkadot network.
It serves as the primary tool for
OG team members show up to Zoom meetings with fancy digital backgrounds
New team member
@andre_MCF
shows up with DIY'd background using blue tape and a ruler
Took us 2 hours to realize it wasn't digital 😂
That's commitment right there
#overachiever
Soon, everything will be on the blockchain. That's why you need both security and transparency.
G6 offers both.
Huge news is coming in September - stay tuned!
We are building a better future for everyone with our partner,
@MandalaChain
. They’re hosting Spaces to dive deep into the challenges of onboarding governments and enterprises. Join them today at 3PM CET as they explore the complexities and uncover real-world use cases.👇🏼👇🏼👇🏼
Join us this Tuesday at 2PM BST as we team up with
@AventusNetwork
to share our insights on the challenges of onboarding governments and enterprises with
#blockchain
. From navigating complexities to finding real-world use cases, we're pulling back the curtain on our experiences.
Blockchain is here to revolutionize industries by offering unmatched transparency, security and efficiency. But not all blockchains are created equal. Let's explore the key differences between public, private and permissioned blockchains. A thread 👇
Slowly, then all at once. Institutions and governments will adopt crypto. That's exactly why you need secure yet transparent solutions in the near future that G6 can provide.✌️
Polkadot is a neutral protocol that provides a growing suite of ecosystem services like AssetHub to all connected chains.
Now Polkadot is making sure that EVERY chain can access AssetHub without intervention through Governance.
Good move!
We've implemented feeless pallets, and everyone who reaches the first level on the Polkadot Citizens Dashboard, where the native token is $GSX, will experience seamless transactions.
We are in line with
@gavofyork
's vision by pushing towards broader Web3 adoption👌🏼👌🏼
⚡ In an exclusive interview with Cointelegraph,
@gavofyork
, a co-founder of Ethereum and the creator of
@Polkadot
, discusses how to increase the adoption of Web3 by Web2 users.
“My biggest hope is that we can essentially make transactions free”️
And that's a wrap! Thank you for your support - stay tuned, because we've got many more updates for you!
Also, check out our webite for more information:
As we stepped into August, things are heating up in-house. Many updates will come this month, we are preparing a series of threads and Medium-articles that cover the vision and the plans of our team.
Also, we do know that community is key, so airdrops and giveaways are expected
With G6 Networks, you’re not just adopting a technology; you’re gaining a partner. We offer 24/7 support and white label options for tailored solutions. Join us in revolutionizing the future of digital trust and security.
10/10
🌐 In an era where financial sectors are increasingly digital, the need for systemic cyber resilience has never been greater. G6 Networks’ blockchain solutions offer an extra layer of security by decentralizing and encrypting data, making it less susceptible to attacks. Let’s
Cyberattacks frequently target the financial sector, which manages vast amounts of sensitive data. Nearly 20% of these incidents aim at financial firms, highlighting the critical need for robust cybersecurity measures. Learn more in our blog.
Time to say goodbye to Bali!
After two amazing weeks, we’re coming back with a bit more tan and a lot more friends and professional contacts. Excited to bring a piece of paradise into our projects, September will be huge!🌴✨
🚀 Dive into
#Polkadot
's latest buzz from last week(Aug 5 - Aug 11) 🚀
1⃣ Polkadot has launched a brand-new website, marking the beginning of an exciting new chapter!
2⃣ Polkadot 2.0 is redefining the Polkadot ecosystem!
@MessariCrypto
released a report
Powerful words from
@gavofyork
At G6 Networks, we champion individuality, privacy, and decentralized identity. True innovation means empowering individuals without compromising their freedom.
.
@gavofyork
on digital individuality at Polkadot Decoded Asia 2024
❝ Identity aids in linking interactions: it compromises the digital self. Pervasive strong identity is the despot's dream. Individuality only demonstrates uniqueness: it allows people to exercise rights as
🎉 Get ready for LBank’s $300,000 Super Gains to Empower the
#Polkadot
Ecosystem!
🚀 We’ve partnered with
@Polkadot
,
@PolimecProtocol
,
@Deloitte
, and
@gotem_io
to unlock potential gains during LBank’s 9th anniversary. Join now for your chance to win BIG! 🤑
💰 Prize Pool:
Despite the advantages blockchain can offer - such as secure digital identities and fraud prevention - many existing solutions require extensive development and customization. This complexity forces organizations to stick with less secure methods.
5/10
I think you are not ready for what's coming because we are here to change the world. ✨
Real problems need real, safe and transparent solutions.
G6 is here to make a difference.
This Q3 will be legendary - stay tuned!
🚀
#MosaicGalaxy
’s Polkadot Archive Node Is Syncing! 🌠💫
Let's welcome the MosaicIndexer_PolkadotArchive node to the family! 👇👇
We have just launched the first
@Polkadot
archive node in Central Europe to test the
#MosaicIndexer
. It has been syncing Polkadot blocks since the
At G6 Networks, we prioritize privacy and security. Using advanced technologies like Zero-Knowledge proofs and confidential data storage, we ensure that your information remains both private and secure, even in the most sensitive environments.
7/10
Which country holds the most
#Bitcoin
?
Our latest study found that governments around the world hold 2.6% of Bitcoin's circulating supply, or 471,380.6 BTC, worth $32.7 billion.
Read the full study:
Historical day?!🤔 Might be, but no matter if the Fed cuts rates by 25 or 50 bps today, we’re focused on the bigger picture—bringing you our testnet very soon! Get ready for a sneak peek of what's coming when our token hits the market. Stay tuned!
G6 Networks is here to change the game. We provide a ready-to-deploy blockchain platform that’s permissioned and customizable, designed for simplicity and ease of use. You don’t need to be a tech expert to implement our solutions quickly and effectively.
6/10
Imagine the frustration of needing critical medical records but being unable to access them, or worse: having your personal data exposed to unauthorized parties. It’s clear that the need for secure, private, and efficient data management is more crucial than ever.
4/10
Blockchain holds incredible potential for securing data, but its complexity often makes it seem out of reach, especially for sectors like healthcare, banking and government. These sectors need powerful yet easy-to-use solutions to protect sensitive information.
2/10
The problem many organizations face is the dilemma between transparency and privacy. While blockchain is known for its transparency, sensitive data needs to be protected: creating a tension that has led to hesitation in adopting this technology.
3/10
Our enhanced Proof of Authority consensus mechanism further strengthens security, making our platform ideal for handling the most sensitive data in sectors like government, banking and healthcare. We’ve built our solutions with your needs in mind.
8/10
Also, interoperability is key. Our platform is built on the Substrate framework and integrates seamlessly with the Polkadot ecosystem, allowing for smooth interaction with multiple public and private blockchains. Managing private chains has never been easier.
9/10
Market tanking? Ditch the screens and hit the greens! 🌿 Grab your bike, explore the golden trails, and soak up the Indian summer. A little fresh air beats staring at red all day! 🌄
Digital transformation is reshaping public systems - from healthcare to land registry. Yet, many of these systems are stuck in outdated methods, leading to many risks. What if there was a way to make these systems faster, more secure and more reliable? A thread 1/8🌎
Today, I'm happy to introduce NOMT: The Nearly Optimal Merkle Trie Database.
State access and state merklization are the main bottlenecks in blockchain scaling at the moment. NOMT has been created to solve this problem.
We push modern SSDs to their limit and make running
Anddddd we're live on
#polkadot
!
✅ Initial node hardware installed and operational
✅ Parachain active and successfully producing blocks
✅ Drinks to celebrate this milestone
Shoutout to
@G6Network
@SixTheDave
@_xcgabo
for their hard work and help in setting us up 🙏
6000 followers in 2 years since working on Polkadot and Web3 education at
@Web3foundation
, thank you all for the support 🙏 wouldn't be here without you💪
And that's a warp! Join our journey, because we are just getting started. Public sale & TGE soon, keep the notis on! 🔔Check out our docs on the website:
Our daily good news📰🚨
-BTC hits 63k again
-Agile Coretime for
@Polkadot
is here
-
@G6Network
now access the precise amount of blockspace needed to optimize efficiency, reduce costs, and enable seamless scalability.
Thanks for your attention!
By focusing on permissioned and private blockchains, financial institutions can leverage blockchain technology securely and compliantly. The choice between permissioned and permissionless systems will ultimately depend on risk tolerance and specific needs. (10/10)
The collaboration has been officially signed between
@G6Network
and
@MandalaChain
. Huge step after the
@Polkadot
Hub MOU!
G6 is providing secure physical devices and infrastructure for Mandala. Together we build blockchains for real governments.
Hope we can help to clarify some interesting yet confusing topics that we are working on.
We appreciate your support—stay tuned for more updates coming your way! For more details, visit our website:
As blockchain technology continues to evolve, private and permissioned chains will likely expand in use. G6 Networks is poised to play a significant role in this transition, helping shape the future of digital trust and innovation. 11/11
At G6 Chains, we pioneer in simplifying blockchain adoption for governments, banks, and enterprises.
We deliver ready-to-go, seamless and user-friendly blockchain infrastructures through our physical G6 devices: secure, distributed, private, permissioned and cross-chain.
Governance risks are a major issue with permissionless blockchains. The decentralized nature of these networks can lead to security vulnerabilities and governance dilemmas, such as hard forks, which can cause significant asset volatility. (3/10)
Thanks for reading!
Join our journey, because we are just getting started.
Public sale & TGE soon, keep the notis on! 🔔
Check out our docs on the website:
Technology and security risks are also prevalent. Permissionless blockchains are susceptible to attacks like the 51% attack, where a malicious actor gains control over half the network, threatening transaction integrity. (4/10)
Legal and compliance risks further complicate things. The pseudonymous nature of transactions on permissionless blockchains makes it difficult for institutions to meet anti-money laundering (AML) and combating financing of terrorism (CFT) regulations. (5/10)
The future of public systems lies in technologies like blockchain, guided by innovators like G6 Networks. It’s time for more efficient, secure and user-centric public services that give citizens both control and peace of mind. 8/8
So, what’s the solution? G6 Networks advocates for permissioned and private blockchains, which offer enhanced governance, improved security, easier regulatory compliance, guaranteed settlement finality, and more. (9/10)
Emerging technologies like DeFi and DLTs promise to revolutionize finance, but the risks tied to permissionless blockchains are becoming increasingly evident. The Basel Committee’s recent Working Paper highlights these concerns, pushing for a critical evaluation. 2/10
Political and regulatory uncertainty looms large. Sudden changes in laws or policies, like crypto mining bans, can destabilize permissionless blockchain networks, creating further volatility and unpredictability. (8/10)
Another critical issue is settlement risk. With permissionless blockchains, transaction finality is only probabilistic, not guaranteed. This poses challenges for legal and financial frameworks that require definitive transaction closure. (6/10)
Liquidity risks are heightened by the "paradox of transparency." While transparency is a core feature of blockchains, it can also trigger asset runs during visible stress events, exacerbating liquidity crises. (7/10)
G6 Networks’ platform also supports the tokenization of real-world assets, facilitating the secure management of digital representations like real estate and commodities. RWA-industry is expected to be a $30T sector by 2030. 10/11
Public blockchains like Bitcoin and Ethereum are open to anyone. They are fully decentralized, with no single entity controlling the network. However, they face challenges with scalability, transaction speed, and privacy. 1/11
Companies are turning to permissioned blockchains to enhance the traceability of products from production to delivery, ensuring transparency and reducing fraud in the supply chain. 8/11
Around the world, the adoption of private and permissioned blockchains is accelerating. Different industries are beginning to harness their unique benefits. 4/11