Welcome to the Future: Shutterized Gnosis Chain has Become a Blueprint for Base Layer Neutrality

Gnosis Chain’s vision has always been clear: to create a chain that exemplifies fairness, credible neutrality, and accessibility. Today, Gnosis Chain stands strong with 300,000 validators—second only to Ethereum—and offers extremely low transaction fees, ensuring accessibility for everyone, from traders and developers to everyday users.

Thanks in part to recent upgrades to Shutter’s Shielded Trading—native mempool encryption system—and launch of the Shutter Explorer for Shielded Trading on Gnosis Chain, the chain has now evolved into a model of base layer neutrality, setting a benchmark for other chains to follow.

Let’s dive into these updates and explore what they mean for Gnosis Chain users and its future.

TL;DR:

Shutter’s native mempool encryption on Gnosis Chain has reached a high level of stability for everyday use. To start enjoying Shielded Trading—full protection against transaction manipulation with censorship resistance on Gnosis Chain—connect the Shutter RPC to your wallet.

Recent Updates Enhancing Base Layer Neutrality and Transparency

While the beta version of Shielded Trading has been live on Gnosis Chain since July, the integration faced some early challenges that ultimately helped strengthen the system. Recent updates have now made the integration even more robust, improving the overall user experience and transparency of its operations.

• Increased Stability: Shielded Trading on Gnosis Chain is now more stable than ever. Users now enjoy smooth, secure transactions with Shutter’s encryption fully operational.

  • For transactions that might still get stuck (e.g., in certain re-org scenarios or due to validator-related issues), we’ve developed an inclusion service that automatically resends these transactions.

• Shutter Explorer for Shielded Trading on Gnosis Chain: Today’s launch of the explorer offers users real-time insights into the network performance of the Shutter’s encrypted mempool on Gnosis Chain. 

  

• Users can monitor:

  • Their own encrypted transactions showing how Shielded Trading protects against transaction manipulation.

  • Average transaction inclusion time to see how quickly transactions are processed.

  • The number of active keypers and keyper threshold

  • The number of Shutterized validators

What This Means for Users and the Future of Gnosis Chain

Gnosis Chain has always prioritized decentralization, solo staking, and base-layer neutrality. The recent updates to Shutter’s Shielded Trading—native mempool encryption system— represent a significant step forward in reinforcing these values by addressing vulnerabilities exposed by Maximal Extractable Value (MEV) in decentralized finance. Front-running and other forms of MEV extraction have undermined trust, but with the introduction of the encrypted mempool, Gnosis Chain now safeguards transaction integrity. It also enables validators to maintain neutrality, as they are unable to front-run or censor transactions. This provides compliance and regulatory advantages, while still allowing the capture of back-running MEV from arbitrage and liquidations.

In addition, decentralized transaction ordering through the encrypted mempool strengthens market resilience, further decentralizes transaction inclusion, and reduces the threat of censorship, including concerns related to OFAC compliance. 

The latest updates to the encrypted mempool are also perfectly in step with key conversations happening across the blockchain space. Leaders like Gnosis co-founder Martin Köppelmann, Eigenlayer's Sreeram Kannan, Solana's Anatoly Yakovenko, and Max Resnick are actively discussing decentralization, solo staking, and fairness. These discussions highlight the very values Gnosis Chain is advancing with this upgrade, reinforcing its role in setting a new benchmark for base-layer neutrality.

Connect to Shutter’s RPC: Unlock Base Layer Neutrality and Censorship Resistance

Add the Shutter custom RPC to your wallet to enjoy censorship resistance and protection against malicious MEV.

Add Manually to Your Wallet

• Network name: Shutterized Gnosis Chain

• New RPC URL: https://erpc.gnosis.shutter.network

• Chain ID: 100

• Currency symbol: XDAI

• Block explorer URL (Optional): https://www.gnosisscan.io

  
  

  Once connected, your transactions will be processed securely and fairly, in line with Gnosis Chain’s vision of credible neutrality.

  
  

• Censorship Resistance: Transactions are encrypted and protected from front-running and manipulation.

• Base Layer Neutrality: Transactions are treated equally, ensuring fairness and inclusivity.

• Privacy: Transaction details are encrypted until confirmed, ensuring security without compromising transparency.

Important: Current Limitations and Risks for Mainnet Implementation

While it’s a full mainnet implementation, there are currently a limited number of participating validators and Keypers, which may lead to longer transaction inclusion times. Additionally, there’s still a trust assumption with the RPC, and validators are not yet subject to slashing. In rare cases, some transactions may fail to be included in a block due to validator issues or re-orgs, and while these will be re-sent by the inclusion service, they could become vulnerable to front-running since their keys may already be released.

Join next week’s conversation on X/Twitter: 

Setting the Standard for Fairness and Credible Neutrality

• Date: Tuesday, 15 October 2024

• Time: 10:00 AM CET

• Platform: Live multi-stream to multiple X/Twitter accounts, including: Gnosis Chain, Shutter, and others