The GLX Chain was developed on top of the Komodo Platform (KomodoPlatform.com) providing the most secure blockchain environment available anywhere. Komodo’s form of security is called Delayed Proof of Work technology (dPoW). It builds on the most advanced form of blockchain security in existence, Proof of Work technology (PoW), which is the security method invented and used by Satoshi Nakamoto and Bitcoin.
The similarity between the GLX Chain and the Komodo chain is that the dPoW consensus mechanism is built to notarize to Komodo’s main chain where Komodo notarizes to the Bitcoin network. By design, the GLX Chain is capable of automatically adopting any updates that the Komodo core development team adds to the framework. The framework also allows the GLX development team to code new rules into the GLX Token.
The GLX Chain includes features to communicate natively with other chains in the Komodo ecosystem via Komodo’s BarterDEX. Please note that the GLX Chain is not a colored-token running on top of a parent blockchain, as is often the case in other blockchain ecosystems (consider the ERC20 token on the Ethereum platform). Instead, the GLX Chain is an entirely unique and independent blockchain unto itself.
This empowers GLX with significant advantages over other blockchain ecosystems. The GLX Chain runs on its own nodes, acts according to whatever rules the GLX development team can imagine, and can scale according to the needs of GLX members. Should the GLX Chain experience a sudden explosion of activity, the sudden change will not negatively impact the overall Komodo ecosystem. This independence grants a significant competitive advantage in the form of overall security, speed, and ease of use.