MGT Smart Contract Tooling

MinerGate incorporates a suite of smart contracts that fundamentally rely on data provided to them through oracles. Generally, smart contracts are comprised of predefined lines of code that execute various functionalities. In the context of MinerGate, one of the core responsibilities of these smart contracts is to notify projects, centralized exchanges (CEXes), or decentralized exchanges (DEXes) about potential malicious activities. MinerGate's smart contracts work alongside other smart contracts, such as those in the DeFi space.

Whenever a transaction with the potential for harm or fraud occurs, the MinerGate Protocol can detect it and record it within the smart contract, classifying it as "risky." This action effectively blacklists the address in question and notifies the MinerGate Protocol network of affiliated entities about the substantial risk posed by that address.

In a similar manner, MinerGate can proactively prevent foreseeable dangers by extracting or querying data from various sources, including databases provided by Data Providers.

It's essential to note that MinerGate comprises multiple smart contracts that work in tandem. Each smart contract has a specific role. As discussed earlier, one of these smart contracts primarily serves as a data repository for addresses and plays a significant role in categorizing these addresses based on their risk profile. The fundamental set of smart contracts within the MinerGate Protocol includes:

  1. Core Smart Contract: This handles address data storage, request/report handling, and interaction with oracles.

  2. Token Smart Contract: This is responsible for the utility token used in core contract operations and governance. It adheres to the BEP20 token standard and is deployed separately on each blockchain to accommodate language and infrastructure differences. The goal of MinerGate is to establish an interoperable, cross-chain ecosystem, and the bridge functionality is crucial for seamless connectivity between networks.

  3. Governance Smart Contract: This serves as the endpoint for governance infrastructure, enabling management of the core contract.

In summary, MinerGate's smart contracts are an integral part of its operations, allowing for data-driven risk assessment and mitigation while aiming for cross-chain compatibility to create a robust and interconnected ecosystem.

Last updated