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Noble (USDC)

What is the Noble Blockchain?​

Here are 5 key points about Noble (USDC):

  • Native Asset Issuance: Noble is designed specifically for the issuance of native digital assets within the Cosmos ecosystem, starting with USDC. This specialization allows for seamless integration and efficient management of these assets across various blockchains within the ecosystem.

  • Interoperability with IBC: Noble leverages the Inter-Blockchain Communication (IBC) protocol to facilitate reliable and secure communication between different blockchains. This interoperability enables smooth transfers and interactions between Noble and other IBC-enabled chains, enhancing the utility and reach of issued assets like USDC.

  • Proof of Authority (PoA) Security: Initially, Noble operates on a Proof of Authority (PoA) model, which includes a trusted validator set to secure the network. Validators are vetted and permissioned, ensuring a high level of security and reliability. Plans for future integration with Cosmos’s Replicated Security model are in place to further enhance network security.

  • Economic Model Based on Transaction Fees: Noble does not have a native inflationary gas token. Instead, transaction fees are denominated in stablecoins like USDC and ATOM. These fees are distributed among validators, providing an incentive structure that aligns with the economic activity on the network.

  • Robust Governance and Maintenance: The Noble Maintenance Multisig (NMM) manages upgrades, parameter changes, and IBC connection maintenance. This multisig setup ensures that governance is decentralized and resilient, with stakeholders from various geographical regions contributing to the decision-making process.

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Learn more about the Noble Blockchain by reading the Gem Wallet Learn article: What Is The Noble Blockchain?

Noble on Gem Wallet​

Gem Wallet has the following features enabled for Noble:

  • Buy Noble (USDC) with fiat using debit or credit cards.
  • Store USDC tokens securely.
  • Monitor USDC price movement with the built-in charts.
  • Send and Receive USDC tokens natively.

USDC on Gem Wallet USDC Chart on Gem Wallet

How to Get Noble?​

Here are some ways to acquire some Noble (USDC) on Gem Wallet:

  • Buy Noble (USDC) directly on the Gem Wallet app.
  • Receive USDC with the unique Noble address on the Gem Wallet app.

Buy USDC on Gem Wallet Receive USDC on Gem Wallet

Transaction Fees on the Noble Blockchain​

The fees on Noble Blockchain are summarized as follows:

  • Stablecoin-Denominated Fees: Transaction fees on the Noble blockchain are denominated in stablecoins like USDC and ATOM, providing predictable and stable costs for users, aligned with the network's economic activities.

  • Dynamic Fee Allocation: The fees are dynamically adjusted based on network conditions and transaction complexity, ensuring fair and efficient allocation of costs across the network.

  • Incentives for Validators: Collected transaction fees are distributed among validators, incentivizing them to secure the network and maintain high performance.

Send USDC on Gem Wallet Send USDC fee on Gem Wallet

How to Check Noble (USDC) Balance?​

Gem Wallet app connects to the Noble Blockchain to show the USDC balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on MintScan.

View USDC Balance on Gem Wallet View USDC Balance on MintScan

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MintScan is the default Noble (USDC) explorer of Gem Wallet. You can manually check balances and transactions by going to MintScan and search for your USDC address.

Why Choose Gem Wallet for Noble?​

Here are three reasons why you should use Gem Wallet for your Noble (USDC) tokens:

  • Enhanced Security: Gem Wallet employs robust security measures, including advanced encryption and secure key management, to protect your USDC tokens from unauthorized access and potential threats.

  • Open-Source Transparency: As an open-source wallet, Gem Wallet allows for community review and audits of its code. This transparency ensures that there are no hidden vulnerabilities and builds trust among users.

  • Multi-Currency Support: Gem Wallet supports a wide range of cryptocurrencies, including USDC tokens. This multi-currency support allows users to manage various assets in one secure and convenient platform.