Gnosis Chain (formerly xDAI Chain) is a blockchain aiming to provide fast and inexpensive transactions. The network has EVM compatibility and is often used as a stable payment system due to its use of the xDAI stablecoin as means of payment for transactions, payments, and fees. Before the merger with Gnosis, the platform utilized STAKE tokens to secure the protocol’s PoS consensus and its governance, however, following the merger the project uses  GNO for staking when achieving consensus on the network and for its governance. As for the merger with Gnosis, it was originally proposed on the forum of xDAI and following a governance vote, was accepted by the community. The main goal of the partnership is to combine all the technical and financial resources of the two projects into the further development of the xDai Chain which is rebranded to Gnosis Chain. The network also includes a Beacon Chain intended to bring iterations of various strategies to applications and give developers the choice to run dApps in faster lower-stakes environments if needed.