GokuMarket Credit (GMC) is supported and operates on multiple public blockchains with the Binance Smart Chain (BEP20) and Ethereum (ERC20). In the future, the GMC token will also add support from the Polygon Network with additional utilities and services.
One of the key reasons for launching GMC on additional blockchains is to enable additional key functionalities. The Binance Smart Chain (BSC) supports smart contracts with focus on DeFi services such as borrowing, staking, and yield farming, which are additional functionalities for GMC on the GokuMarket platform. The Binance Smart Chain has Proof-of-Staked-Authority (PoSA). It is a combination of Proof-of-Authority (PoA) and Delegated-Proof-of-Stake (DPoS), where 21 validators produce blocks and receive rewards from BNB transaction fees. Contract Address:0xd3e7c41b39bb252d909fb64d2433abf225eaf49e
GokuMarket Credit (GMC) was initially only launched on the Ethereum blockchain as an ERC20 token. GMC still continues to use the standard smart contract functionalities on the Ethereum blockchain.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. It is also called as Ethereum's Internet of Blockchains as it solves problem of scalability and transaction fees.