Galxe Introduces Gravity: A Layer 1 Blockchain Designed for Omnichain Expertise and Full-Chain Abstraction

San Francisco, CA, Might twenty ninth, 2024, Chainwire

Galxe, web3’s largest onchain distribution platform, introduced right this moment the upcoming launch of Gravity, a Layer 1 omnichain sensible contract platform designed to remodel how customers and builders work together with web3. Over the previous three years, Galxe’s consumer base and transaction quantity have grown exponentially, highlighting the necessity for extra environment friendly, scalable, and safe options to handle complicated cross-chain interactions with minimal friction. Present options fell quick in supporting the required complexity and scale, prompting Galxe to develop Gravity. Gravity addresses these challenges, providing an built-in and streamlined expertise for each builders and customers.

Introducing Gravity

Gravity is an omnichain settlement layer constructed for mass adoption and full-chain abstraction. Its strategy abstracts the technical complexities of chain interactions, integrating superior applied sciences like Zero-Data Proofs and state-of-the-art consensus mechanisms to make sure excessive efficiency, enhanced safety, and price effectivity.

Upon launch, Gravity can be seamlessly built-in inside Galxe’s current suite of merchandise—Quest, Compass, Passport, Rating, Alva, and the Galxe Id Protocol. Set to help 100 million transactions monthly—3 times that of Ethereum—Gravity provides a seamless resolution for web3 interactions. This integration permits builders quick entry to an enormous consumer base, boosting their potential to draw and retain customers. Gravity additionally simplifies multi-chain asset administration, cross-chain transaction settlements, and user-friendly transaction processes with out exposing customers to underlying complexities.

“Gravity represents a serious development in our mission to decentralize the web3 ecosystem,” mentioned Harry Zhang, Co-Founding father of Galxe. “For the previous three years, Galxe has constantly prioritized consumer expertise, as evidenced by our transaction quantity throughout over 34 supported chains, which highlights the pressing want for an answer like Gravity to simplify cross-chain interactions and supply a streamlined, user-friendly expertise. Gravity’s potential to summary these complexities is a game-changer for each builders and customers.”

Key Options of Gravity

• Cross-Chain Transactions: Gravity permits builders to outline and settle transactions throughout a number of blockchains, making interactions extra environment friendly and safe.
• Environment friendly Verification: Supporting cost-effective ZKP verification, Gravity ensures that transactions are each economical and safe.
• Enhanced UX: Introducing cryptographic primitives just like the secp256r1 curve by precompiled contracts, Gravity permits use instances equivalent to cost-effective passkey authentication for Account Abstraction wallets, enhancing consumer expertise.
• Excessive-Efficiency Execution: Gravity integrates the quickest execution layer, Reth, and the state-of-the-art consensus algorithm Jolteon (AptosBFT). Collectively, these applied sciences are set to offer excessive throughput and near-instant finality.
• Safe and Sturdy PoS Mechanism: Gravity’s Proof-of-Stake can be powered by the mix of G token native staking and restaking protocols together with Babylon and EigenLayer. This design incentivizes and unites a cross-spectrum neighborhood to collectively safeguard the Gravity chain.
• EVM Compatibility: Gravity can be absolutely EVM-compatible, permitting builders to deploy and work together with sensible contracts seamlessly.

Gravity Rollout

Galxe pronounces the rollout of Gravity in two key phases. The Gravity Alpha Mainnet, powered by the Arbitrum Nitro stack, will go reside in June 2024. The launch of the Alpha Mainnet demonstrates Galxe’s dedication to the very best requirements, testing cross-chain settlement in a clear manufacturing atmosphere utilizing a public ledger as a substitute of a centralized backend. In Q2 2025, the Gravity Mainnet will launch, that includes a restaking-powered PoS Layer 1 blockchain with Reth as its EVM execution engine. Keep tuned for the Alpha Mainnet launch in June and extra updates because the Gravity rollout progresses.

For extra info, customers can go to gravity.xyz.

About Galxe

Galxe is a decentralized tremendous app and web3’s largest onchain distribution platform, empowering seamless web3 experiences by AI, digital id, and blockchain applied sciences. By means of its sturdy infrastructure and product suite — Quest, Passport, Rating, Compass, and Alva — Galxe provides superior instruments and self-sovereign digital id administration to empower customers to discover Web3 effortlessly.

The latest introduction of Gravity, a Layer-1 blockchain designed for omnichain expertise and full-chain abstraction, permits builders to faucet into Galxe’s 20 million customers and create new merchandise that assist onboard the world to web3.

ContactAna Lezamaana@serotonin.co

This text was initially revealed on Chainwire