Gnosis (GNO) is a decentralized platform built on the Ethereum blockchain, which strives to create a global, open prediction market. It operates as a decentralized autonomous organization (DAO), providing infrastructure for various types of decentralized applications (dApps). Gnosis was founded in 2015 with a focus on building prediction markets to enable worldwide access to accurate information. The platform's native cryptocurrency, GNO, is used to operate and govern the platform. Gnosis has a maximum supply of 3,000,000 coins, with a circulating supply of 2,589,588 GNO at the time of writing.

Gnosis aims to utilize the Ethereum blockchain to create a decentralized prediction market. It uses smart contracts to manage transactions and create outcome tokens for each event. These tokens represent the possible outcomes of a prediction market. Users can acquire and trade these tokens, with the price of each token reflecting its probability of occurrence. Gnosis also uses a multisig wallet, requiring a pre-fixed number of signatures before a transaction can be executed. The platform's security is further enhanced by the Ethereum’s Proof-of-Stake (PoS) consensus mechanism and a series of smart contracts that are frequently audited.

Gnosis strives to provide a platform for information gathering and decision-making processes. It can be used to create prediction markets on a wide range of topics, from elections to financial markets. The platform can also be used to create financial instruments and insurance products. Developers can use Gnosis to build their own prediction market applications, with the platform providing the necessary infrastructure and tools. GNO owners can participate in the prediction market, express their opinion on protocol changes, and influence the project's development direction.

Gnosis launched under ConsenSys Inc., an Ethereum-focused software company, in 2015. It became independent in 2017 after winning funding and launched its native GNO token in the same year. The core team is led by Martin Köppelmann (CEO and co-founder), Stefan George (CTO and co-founder), and Dr. Friederike Ernst (COO). In November 2021, the xDAI and GnosisDAO community voted to combine their ecosystems to create the Gnosis Chain, an Ethereum forerunner-companion that aims to address scaling issues.

The Gnosis token (GNO) is a functional component within the Gnosis ecosystem. Users need GNO tokens to access prediction markets and make predictions about future events. Holding GNO tokens enables users to make predictions and create prediction markets. When users establish new prediction markets, they pay a fee in GNO tokens that are then removed from the platform. This burning process reduces the total supply of the token, affecting its availability. Participation in the platform is recognized through a mechanism involving the distribution of a portion of the burned GNO tokens. This is facilitated by a mechanism within the platform known as 'gnosisDAO,' where GNO token holders can vote on the allocation of these recognitions. Gnosis also has a second token, OWL, which has a different function for users who make many predictions and create prediction markets.

Gnosis allows users to create a variety of markets to predict the outcomes of different events. These markets are realized in third-party decentralized applications (dApps) built on top of the Gnosis Chain, such as Azuro, Omen, and Reality Card. These platforms enable users to predict the outcome of sports events, cryptocurrency prices, technology developments, and political events, among other categories. Gnosis also offers features like a decentralized custody protocol and resource management platform, a permissionless trading protocol, and Conditional Tokens, a new category of tokens designed to facilitate the creation of highly liquid prediction markets. The characteristics of these tokens may be influenced by the outcome of an event.

Gnosis aims to uphold the security and integrity of its prediction markets through the use of decentralized technology and tokenomics. The platform operates on a decentralized prediction market system, which aims to reduce the need for intermediaries and centralized institutions. This method seeks to improve transparency as all transactions are recorded on the blockchain, enabling users to verify the integrity of trades and market outcomes. Gnosis uses its native GNO tokens to provide non-financial incentives for participation and uphold market integrity. Token holders can participate in key platform decisions, contributing to the system's intended security and reliability. Gnosis employs smart contracts and a well-known network's effects with the intention of enhancing protective measures against potential malicious attacks.

The Conditional Token Framework (CTF) used by Gnosis is an approach in the cryptocurrency space that enables the creation of prediction markets with a high degree of participation. This framework allows users to create markets on the likelihood of a given event, make complex markets about how the likelihood of an event is affected by any other event, and interact with any asset under the condition that a specific event happens. The CTF is designed to facilitate the creation of an event-based digital asset class, with the interaction with the assets directly correlated to the outcome of an event. This framework is oracle agnostic, meaning users can select their preferred sources of information for reporting event outcomes. Users can mint and redeem conditional tokens directly without intermediaries, facilitated by the conditional tokens explorer (CTE). This framework aims to offer a different approach compared to older prediction market frameworks in the cryptocurrency space.

Gnosis has implemented measures to handle disputes and resolve conflicting outcomes. In the event of a dispute, Gnosis has an arbitration process in place where both parties can present their cases to an independent arbitrator who makes the final decision. Gnosis also has a decentralized governance system that allows token holders to vote on proposed changes or disputes. This system ensures that disputes are resolved in a fair and transparent manner without any bias or manipulation. Gnosis operates with transparency and accountability, and seeks to uphold the integrity of its prediction markets.

Gnosis utilizes smart contracts to create and manage prediction markets, as well as to settle the outcomes. Gnosis also employs a Layer 2 solution known as Gnosis Chain, a sidechain designed for faster and cheaper transactions. The platform is composed of several components, including the Gnosis Protocol, a decentralized exchange protocol that enables batch auctions and ring trades, and Gnosis Safe, a smart contract wallet for the management of digital assets. Gnosis' approach to oracle solutions involves using these components to provide a platform for prediction markets. The platform supports interaction with any ERC20 token, including conditional tokens that represent the outcome of a prediction market. This approach seeks to aggregate information, generate forecasts, and facilitate collective intelligence in a decentralized manner.

Gnosis aims to provide a variety of educational resources and initiatives to support its users and developers. One of the key initiatives is the Gnosis Chain ecosystem growth initiative, which includes resource allocation, grants, technical support, business development, and marketing to support developers and projects building on the Gnosis Chain. This initiative also includes educational initiatives to onboard third-party developers. Gnosis also provides a platform called Gnosis Builders, which includes services, tutorials, and resources for developers. This includes documentation, development tutorials, and resources for building on Gnosis Chain. Gnosis has proposed funding for student web3 education, aiming to provide educational opportunities for students about different aspects of the blockchain ecosystem. Lastly, Gnosis provides a variety of developer resources, including a list of wallets that are compatible with Gnosis Chain, a faucet for obtaining xDAI for testing purposes, and a range of tutorials and documentation to assist developers in building on Gnosis Chain.

Gnosis utilizes a governance model known as a Decentralized Autonomous Organization (DAO), specifically the GnosisDAO. This model enables Gnosis users to participate in platform governance and development decisions. The governance process of GnosisDAO is structured with certain principles in mind. It comprises three phases: Ideation, Specification, and Multisig Voting & Execution. During the Ideation phase, a proposal is formulated and discussed in the Gnosis Forum. In the Specification phase, a Gnosis Improvement Proposal (GIP) post is created and remains active for 5 days. To advance beyond this stage, one outcome with a relative majority of votes on the forum poll must be achieved. In the Multisig Voting & Execution phase, the GIP post is refined, and a GnosisDAO Snapshot poll is conducted. This phase lasts for 7 days. For proposals to be approved, there must be one outcome with a relative majority of GNO used for signaling on the GnosisDAO Snapshot poll, along with a yes-voting quorum of a minimum of 4% of the circulating supply of GNO. The governance model of Gnosis includes a governing board that strives to manage bridge operations on both sides of the bridge.

Gnosis strives to encourage developer adoption and support the expansion of its ecosystem through a variety of initiatives. One such initiative is the creation of the Gnosis Builders team, which was established to aid the development of the Gnosis Chain ecosystem. This team consists of seasoned individuals who have previously been involved with other blockchain organizations. They collaborate closely with developers, supplying them with the necessary resources and support to build on the Gnosis Chain. Gnosis has also introduced the Gnosis Name Service, a decentralized domain name system. This service is intended to facilitate user interaction with the Gnosis Chain by enabling developers to associate human-readable domains with machine-readable identifiers. Gnosis has also established the Gnosis Ecosystem Fund. This fund serves as a resource for teams that are driving the global adoption of decentralized applications. It seeks to foster collaboration among projects and contribute to the shaping of the Ethereum ecosystem.

Gnosis, an Ethereum-based platform that enables smart contracts and is known for its market-driven forecasting, has undergone several recent changes and updates. In 2023, Gnosis introduced the Hashi bridge aggregator, which aims to improve security measures and mitigate potential vulnerabilities. The platform also saw the release of the CowSwap token and the introduction of MEV-protection. In early 2022, Gnosis underwent a rebranding to the Coincidence of Wants (CoW) Protocol and initiated an airdrop for GNO stakers and validators. The platform has included Avalanche and Gnosis Chain in its network, with the intention of providing users with alternative transaction methods. Gnosis operates on a Proof of Stake consensus mechanism, in line with Ethereum's current architecture. The platform also launched Gnosis Pay, the world’s first Decentralized Payment Network (DPN), and Hashi, an EVM Hash Oracle Aggregator, in 2023. These developments seek to establish Gnosis Chain as a network for payments and aim to improve the security measures of the Omnibridge.