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Gear Features
Gear Network is a next-generation modular smart contract platform built on Substrate. It offers a range of unique features that make it attractive to developers and users, which have been successfully implemented in Vara Network
Gear Fungible Token Standard: Simplifying Fungible Token Creation and Management on Gear Network
The Gear Fungible Token Standard (GFTS) empowers developers to effortlessly create and manage fungible tokens on the Gear Network. These tokens represent digital assets where each unit is indistinguishable and exchangeable for any other unit of the same token.
Key Features:
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Unified Interface: GFTS provides a consistent approach for smart contracts to interact with token functionalities, streamlining development and ensuring compatibility across diverse token implementations.
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Essential Operations: The standard encompasses fundamental token operations such as transfers (moving tokens between users) and approvals (authorizing third parties to spend tokens on your behalf).
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Contract Details: The text delves into the intricacies of the standard, including the contract state (data stored within the contract), interface (functions accessible for interaction), and key methods (specific functions employed for token operations) that facilitate these functionalities.
Read more with code: Gear Fungible Token Standard (GRC-20)
Gas reservation is an innovative feature of Gear Protocol that expands programming capabilities and enables new use cases. Instead of using gas from the current message, programs can send messages using gas that was reserved beforehand.
Benefits of gas reservation:
- Flexibility: Programs can delay sending messages for any period, which allows for implementing various scenarios, such as automatic task execution or interaction with other programs in an asynchronous mode.
- Autonomy: Programs can initiate their own execution an unlimited number of times, provided that there is enough reserved gas available. This opens up new possibilities for creating self-replicating and self-updating programs.
Gas reservation mechanism:
Developers can embed a special function into the program code that allocates a certain amount of gas from the total pool available to the program and reserves it. The reservation is assigned a unique identifier that the program can use to retrieve and subsequently use the reserved gas.
Read more with code: Gas Reservation
In contrast to smart contracts on other blockchains that require external centralized resources to function, smart contracts in Gear Network operate entirely differently.
Gear Network smart contracts:
- Autonomous and self-sufficient: do not require external triggers to operate, are capable of initiating actions independently.
- Enhanced capabilities: can schedule and execute complex tasks, interact with each other without the need for user intervention.
- Decentralized architecture: eliminates centralized points of failure, increasing the resilience and reliability of the system.
Advantages of Gear Network:
- Increased dApp autonomy: applications are not limited by external factors, can function uninterruptedly.
- Enhanced functionality: new opportunities for creating more complex and intelligent applications.
- Increased security: reduced risk of failures and loss of control over data.
Gear Network opens up new horizons for decentralized application development, enabling the creation of more autonomous, functional, and secure solutions.
Read more with code: Delayed messages for programs automation