What is Golos Blockchain? What Does GLS Do?


What is Golos Blockchain? Golos (GLS) is an open source and decentralized blogging platform built on Blockchain technology. cryptocoin.com In this article, we have answered the curious questions such as what is Golos Blockchain, what it offers, what is GLS, what is it, how to get it. Let’s take a look at this project, which is a revolutionary platform for bloggers.

What is Golos Blockchain?

Golos Blockchain was launched in 2016 as a fork of the Steem platform. This project is a Russian social media and blogging platform built on the Graphene Blockchain. Accordingly, users in Golos can write and publish blogs for free. The platform aims to create a decentralized and fair alternative to blogging and content creation. Currently, platforms such as Medium and Blogspot do not reward users for their content. Users on these platforms do not earn any income.

Golos was launched to create a fair platform within this ecosystem where both the user and the platform earn income. With this platform serving in Russia, users can produce blog content. In doing so, they also gain the advantage of gaining access to a range of social media features. All content written on the network is recorded on the Blockchain, along with metadata such as author name. This makes it easier to prove ownership of the content and obtain copyrights.

What does Golos Blockchain offer?

Golos, meaning ‘voice’ in Russian, is a Russian-only Blockchain platform. On this platform it is possible to write, publish and distribute blog posts in Russian. In addition, the platform uses a hybrid model of the Proof-of-Work and Proof-of-Stake consensus mechanisms. In other words, users have the advantage of earning income as a network validator or miner within the platform. However, users earn rewards by writing their own blog posts, participating in discussions and promoting the project.

What is GLS? What does it do?

GLS is an altcoin that works as a reward token for the Russian blogging platform Golos Blockchain. With this altcoin, users can donate to their favorite bloggers. However, the GLS also serves a number of purposes, such as giving users access to special incentives. Users can get a share of GLS rewards by interacting on the platform. Or they can earn additional token rewards by staking or mining GLS.

What is Golos Blockchain? How to take GLS?

Golos Blockchain is currently traded on RuDEX, a decentralized exchange serving only in Russia. Interested investors must access and become a member of the RuDEX exchange. Then they need to verify their membership and deposit an asset in their wallet according to their GLS parity. Users who do this can buy the altcoin by placing a purchase order on the relevant parity.


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