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GalaChain TestNet Goes Live: Empowering Developers to Innovate on Our Blockchain

GalaChain TestNet Goes Live: Empowering Developers to Innovate on Our Blockchain

by | Jul 29, 2024 | GalaChain

We are thrilled to announce the launch of our GalaChain TestNet, a significant milestone in our journey towards becoming an open-source blockchain. This new public testing environment allows external developers to deploy, test and refine their chaincode without any real-world consequences.

With more freedom to experiment with chain code, developers will enjoy a GalaChain environment that helps them realize their full potential in the web3 world, whether or not they have blockchain development experience. We want to elevate the work of veteran blockchain developers while ensuring that the first-time experience for new devs from the traditional web2 world is a good one.

What is a TestNet?

For those unfamiliar with blockchain terminology, a TestNet is essentially a sandbox environment where developers can experiment with new features and applications. It operates just like the real blockchain (known as the MainNet) but uses test tokens instead of real cryptocurrency. This allows developers to test and debug their projects in a safe space, ensuring everything works perfectly before going live on the MainNet.

In a future blog from our web3 explainer series, we’ll delve more deeply into TestNets, exploring their importance and providing some examples of testnets in action in the web3 world.

Accessing the TestNet

Are you ready to start building using the GalaChain TestNet? Get started through Gala Creators, following the steps below:

  1. Login to Gala Creators at https://portal.creators.gala.com/ with your Google account.
  2. Once logged in, go to https://portal.creators.gala.com/testnet/register for TestNet building and deployment steps. 
  3. Gala Creators documentation can be found at https://creators.gala.com/.  

Key Features of the GalaChain TestNet

Deployment Chaincode from Docker Containers: Developers can now deploy their chaincode from Docker containers to the TestNet environment, enabling seamless integration and testing of applications.

Comprehensive API Access: Users can call the REST API to interact with their chaincode, ensuring full functionality and integration with existing systems.

Redeployment Capabilities: If a deployment fails, users can redeploy their chaincode effortlessly by passing the chaincode name in the command line, streamlining the testing process.

Chaincode Approval and Verification: To ensure security and integrity, chaincode deployment requires approval from GalaChain support, including Docker Image Tag and public keys for both the developer and the chaincode admin.

Accessible Testing Environment: The TestNet environment is designed to be user-friendly, with step-by-step guides to assist developers through the deployment process.

This TestNet launch is a crucial step in preparing GalaChain for a broader influx of external developers. By providing a secure and isolated environment for testing, we are fostering an ecosystem of innovation, enabling developers to create and refine applications that will power the decentralized future.

Why This Matters

The launch of the TestNet is more than a technical milestone; it’s a demonstration of our commitment to building an open and collaborative blockchain ecosystem that goes beyond entertainment into multiple world industries. GalaChain will empower countless developers to experiment and innovate freely, laying the groundwork for the robust applications that will define the next era of decentralized technology.

Join the Revolution

As we continue to expand and refine GalaChain, we invite developers from around the world to join us in this exciting journey. 

Whether you’re an experienced developer looking to explore the new possibilities that come with web3, an visionary with an idea ready to change the world when paired with the right technology or an entrepreneur sitting on the next big wave in tech business, we want you to build on GalaChain.  

Your creativity and ingenuity are the keys to unlocking the full potential of blockchain technology. Together, we will shape the future of digital interactions to create a more inclusive and decentralized world.

We look forward to seeing the innovative projects that will emerge and thrive from the release of this TestNet. Thank you for being part of the Gala community and for your continued support.

Gala Creators

GalaChain SDK

GalaChain Hackathon: Meet the Judges – Moshe Shen, Navigating the Future of Digital Markets

GalaChain Hackathon: Meet the Judges – Moshe Shen, Navigating the Future of Digital Markets

by | Mar 20, 2024 | GalaChain

As we continue to unveil the panel of judges for the GalaChain Hackathon at GDC 2024, we are honored to introduce Moshe Shen – the Business Development and Partnership Director at Wintermute!

Wintermute is a leading global algorithmic trading firm and liquidity provider in digital assets. Moshe is in charge of expanding Wintermute’s footprint in Asia, where the demand for digital assets is rapidly increasing. We’re thrilled to have him as part of the judging team for the GalaChain Hackathon!

Moshe Shen: A Decade of Experience in Capital Markets with a Focus on Growth

With a solid decade of experience in financial markets and derivatives, Moshe has a deep understanding of the cryptocurrency ecosystem and the specific needs of its various participants. At Wintermute, Moshe focuses on regional growth across liquidity provision, OTC trading, and venture investments in Web3 projects, leveraging his expertise in both centralized and decentralized finance. 

A Unique Lens on Innovation

Moshe’s expertise in liquidity provision and digital asset market structure offers a unique perspective on the potential applications of any new blockchain technology. His role requires a keen understanding of market dynamics, market sociology and the technological underpinnings that facilitate efficient digital transactions. This background makes him an ideal judge to view GalaChain Hackathon entries through a unique lens – one that values technical sophistication, market impact, and innovation in digital finance.

What Moshe Looks for in a Winning Entry

Given Moshe’s focus on market efficiency and liquidity, it’s likely that he’s looking out for projects that:

Enhance Market Infrastructure: Projects that aim to improve the underlying infrastructure of digital markets will stand out. Innovations that improve trading efficiency, or present effective liquidity solutions are all very close to home for Moshe.

Offer scalable infrastructure: Moshe is likely to be drawn to projects demonstrating the ability to grow and adapt to the changing needs of the market, ensuring consistent and equitable access for all participants.

Innovate in Financial Technologies: Moshe will potentially gravitate toward projects that push the boundaries of financial technology – especially those that leverage GalaChain to introduce new financial instruments or trading mechanisms.

The Future of Digital Markets with Moshe Shen

Moshe’s participation as a judge underscores the GalaChain Hackathon’s commitment to pioneering advancements in web3 and digital markets. His deep understanding of financial markets and technical aspects of algorithmic trading should guide participants toward creating projects that are not just innovative but also pragmatic and impactful to the future of digital assets.

As we gear up for this groundbreaking event, let Moshe’s contributions to the world of digital finance inspire you to envision new possibilities for blockchain technology. 

This hackathon is not just a competition… it can easily be a launchpad for the next generation of financial technologies that harness the power of GalaChain! What will you build?