San Francisco, CA, May 29, 2024, Chainwire
Galxe, web3's largest on-chain distribution platform, today announced the upcoming launch of Gravity, a layer 1 omnichain smart contract platform designed to transform the way users and developers interact with web3. Over the past three years, Galxe's user base and transaction volume have grown exponentially, highlighting the need for more efficient, scalable, and secure solutions to manage complex cross-chain interactions with minimal friction. Existing solutions could not support the required complexity and scale, which led Galxe to develop Gravity. Gravity addresses these challenges, offering an integrated and optimized experience for both developers and users.
Introducing gravity
Gravity is an omnichain settlement layer built for mass adoption and chain-wide abstraction. Their approach abstracts the technical complexities of on-chain interactions, integrating advanced technologies such as zero-knowledge proofs and state-of-the-art consensus mechanisms to ensure high performance, increased security and cost-effectiveness.
Upon launch, Gravity will be seamlessly integrated within Galxe's existing suite of products: Quest, Compass, Passport, Score, Alva and Galxe Identity Protocol. Designed to support 100 million transactions per month, three times more than Ethereum, Gravity offers a seamless solution for web3 interactions. This integration allows developers immediate access to a broad user base, increasing their ability to attract and retain users. Gravity also simplifies multi-chain asset management, cross-chain transaction settlement, and user-friendly transaction processes without exposing users to underlying complexities.
“Gravity represents a major advancement in our mission to decentralize the web3 ecosystem,” said Harry Zhang, co-founder of Galxe. “Over the past three years, Galxe has consistently prioritized user experience, as evidenced by our transaction volume on over 34 supported chains, highlighting the urgent need for a solution like Gravity to simplify cross-chain interactions and provide a Optimized and easy-to-use solution. experience. “Gravity’s ability to abstract these complexities is a game-changer for both developers and users.”
Key Features of Gravity
- Cross-chain transactions: Gravity allows developers to define and settle transactions on multiple blockchains, making interactions more efficient and secure.
- Efficient verification: By supporting cost-effective ZKP verification, Gravity ensures transactions are cost-effective and secure.
- Improved user experience: By introducing cryptographic primitives like the secp256r1 curve through precompiled contracts, Gravity enables use cases like cost-effective passkey authentication for Account Abstraction wallets, improving the user experience.
- High performance execution: Gravity integrates the fastest execution layer, Reth, and the next-generation consensus algorithm Jolteon (AptosBFT). Together, these technologies are poised to provide high performance and near-instant finality.
- Secure and Robust PoS Mechanism: Gravity proof-of-stake will be powered by the combination of native G token staking and renewal protocols, including Babylon and EigenLayer. This design encourages and unites a cross-spectrum community to collectively safeguard the Gravity chain.
- EVM Compatibility: Gravity will be fully compatible with EVM, allowing developers to deploy and interact with smart contracts seamlessly.
gravity launch
Galxe announces the launch of Gravity in two key phases. Gravity Alpha Mainnet, powered by the Arbitrum Nitro stack, will go live in June 2024. The launch of Alpha Mainnet demonstrates Galxe's commitment to the highest standards, testing cross-chain settlement in a transparent production environment using a ledger of Public accounting instead of a centralized backend. In Q2 2025, Gravity Mainnet will launch, featuring a replenishment-powered PoS Layer 1 blockchain with Reth as its EVM execution engine. Stay tuned for the Alpha Mainnet launch in June and more updates as the Gravity launch progresses.
For more information, users can visit Gravity.xyz.
About Galxe
Galxe is a decentralized super application and web3's largest on-chain distribution platform, enabling seamless web3 experiences through artificial intelligence, digital identity and blockchain technologies. Through its robust infrastructure and suite of products (Quest, Passport, Score, Compass and Alva), Galxe offers advanced tools and autonomous digital identity management to allow users to explore Web3 effortlessly.
The recent introduction of Gravity, a Layer 1 blockchain designed for the omnichain experience and full chain abstraction, allows developers to leverage Galxe's 20 million users and create new products that help usher the world into web3.
ContactAna Lezama[email protected]
This article was originally published on Chainwire.
