- GNO Tokens may also be stored in nearly any Ethereum wallet.
- Smart contracts are used in the wallet to allow multisig.
The Gnosis has made it to the top of today’s gainer’s list. Gnosis is a decentralized prediction market based on Ethereum. Gnosis tokens gain or lose value based on the user’s predictions. The Gnosis token (GNO) is the platform’s cryptocurrency along with the WIZ token (Gnosis Wisdom). The number of GNOs available is limited to 10 million. Open forecasting markets are the focus of this currency.
The GNO token can be utilized to create WIZ Tokens. These WIZ tokens are used on the Gnosis network to pay platform fees. The ability to develop and participate in markets is another feature available to WIZ token users.
Gnosis created its own multisig wallet. So the wallet needs several signatures. This is to strengthen security. A transaction involves numerous parties. Before a transaction can be executed, they must all agree.
High Level of Security by Gnosis
Smart contracts are used in the wallet to allow multisig. Because of its high degree of security, the Gnosis wallet has been used by Golem, Aragon, and Civic, among others. GNO Tokens may also be stored in nearly any Ethereum wallet. The Gnosis token was initially issued in an Initial Coin Offering (ICO). This was the only option to purchase them at that time.
Today was a special day for Gnosis, which outnumbered other cryptocurrencies and showed a tremendous uptrend to claim the top gainer’s position. According to CoinMarketCap, Gnosis price today is USD 534.48 with a 24-hour trading volume of USD 47,468,979. Gnosis has been up 27.43% in the last 24 hours.
