Basic Concept

Gitshock Finance is connecting EVM chains to Cosmos Chains via Gitshock Networks. Gitshock Networks are developed using Hyperledger Yui that connect EVM based chain to Cosmos.

Transaction on Gitshock Network and Neware Network

Transactions are cryptographically signed instructions from accounts. The simplest transaction is transferring ETH from one account to another. Transaction on Gitshock Network and Neware network is synced with same specification of block time and gas fees.

There are several categories of Ethereum Virtual Machine based transactions:

  • regular transactions: transactions from one account to another

  • contract deployment transactions: transactions without a to address, where the contract code is sent in the data field

  • execution of a contract: transactions that interact with a deployed smart contract, where the to address is the smart contract address

Simple transfer transactions require 21,000 units of Gas or approximately 20 gwei.

Last updated