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- Gate July 2025 Transparency Report:
Accelerating Leadership in the Global Crypto Landscape!
#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward - 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
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Botanix launches an innovative mechanism to prevent Double Spending on the Bitcoin Layer 2 network.
According to Gate News bot, the Bitcoin Layer 2 network Botanix has launched a technical solution to prevent Double Spending. This solution is based on the Spiderchain federated attestation Bitcoin chain and employs a rotating multisignature Wallet structure to manage fund flows. Currently, a 2-of-3 signing mechanism is implemented, with plans to upgrade to a 12-of-16 signing mechanism in the future.
The system requires that the deposit ( peg-in ) and withdrawal ( peg-out ) operations must obtain the signatures of the majority of coordinators. Based on the Bitcoin UTXO model, Botanix has designed the "conflict input mechanism", where each peg-out transaction needs to reference the previous output as input. Transactions that reuse the same UTXO will be rejected by the network. This mechanism, combined with the staking penalty mechanism of PoS consensus, ensures the secure bidirectional bridging of cross-chain assets on both technical and incentive levels.
Source: wublock123
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