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Web3 task platform Galxe launches new chain Gravity, what are the highlights worth paying attention to?

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Release: 2024-06-08 10:46:55
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Web3 task platform Galxe launches new chain Gravity, what are the highlights worth paying attention to?

Galxe announced that it will soon launch the Layer1 blockchain "Gravity" designed for full-chain experience and full-chain abstraction, and will integrate its core products into the Gravity chain, aiming to provide Its 20 million users provide seamless and scalable Web3 solutions.

Galxe said that over the past three years, its user base and transaction volume have grown exponentially, highlighting the urgent need for more efficient, scalable and secure cross-chain interaction solutions. Then, existing solutions fall short in supporting the required complexity and scale, and Gravity is well-positioned to solve these challenges and provide an integrated and streamlined experience for developers and users.

Web3 task platform Galxe launches new chain Gravity, what are the highlights worth paying attention to?

Gravity 发布会现场:https://x.com/Galxe/status/1795945604058607926
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What is Gravity?

Gravity is a full-chain settlement layer built for mass adoption and complete chain abstraction, abstracting the technical complexity of chain interactions and integrating advanced technologies such as zero-knowledge proofs and state-of-the-art consensus mechanisms, to ensure a balance of high performance, security and cost-effectiveness.

At launch, Gravity will integrate seamlessly with Galxe’s existing suite of products, including Quest, Compass, Passport, Score, Alva and Galxe identity protocols. Through these integrations, the number of monthly transactions powered by Galxe on Gravity is expected to reach 60 million, which is twice that of the Ethereum mainnet. Gravity also simplifies multi-chain asset management, cross-chain transaction settlement, and user-friendly transaction processes so that users do not need to face complex underlying technologies.

Web3 task platform Galxe launches new chain Gravity, what are the highlights worth paying attention to?

Harry Zhang, co-founder of Galxe, said: "Gravity represents a major advancement in our decentralized Web3 ecosystem. Over the past three years, Galxe has always focused on user experience First and foremost, as evidenced by the volume of transactions on the 34+ chains we support, Gravity was launched to address the urgent need to simplify cross-chain interactions and provide a user-friendly experience. and users."

Harry Zhang, co-founder of Galxe, said: "Gravity represents a significant progress in our decentralized Web3 ecosystem. Over the past three years, Galxe has always been committed to User experience comes first, as evidenced by our transaction volume across the 34+ chains supported. Gravity was launched to address the urgent need to simplify cross-chain interactions and provide a user-friendly experience with its ability to abstract away complexity. It will bring disruptive changes to developers and users."

Web3 task platform Galxe launches new chain Gravity, what are the highlights worth paying attention to?

What are the key features of Gravity?

Cross-chain transactions: Gravity allows developers to process and settle transactions on multiple blockchains, enabling more efficient and secure interactions.

Efficient verification: Supports cost-effective zero-knowledge proof verification to ensure economical and secure transactions.

Enhanced user experience: By introducing cryptographic primitives (such as secp256r1 curves) through precompiled contracts, Gravity can enable use cases such as passkey authentication for account abstraction wallets, thus improving user experience.

High-performance execution: Gravity integrates the fastest execution layer Reth and the most advanced consensus algorithm Jolteon (AptosBFT). Together, these technologies provide high throughput and near-instant finality.

Safe and Robust PoS Mechanism: Gravity’s Proof of Stake will be driven by G token native staking and re-staking protocols including Babylon and EigenLayer.

EVM Compatibility: Gravity will be fully EVM compatible, allowing developers to seamlessly deploy and interact with smart contracts.

When will Gravity be launched?

Galxe said the rollout of Gravity will occur in two key phases. Among them, Gravity Alpha Mainnet will be launched in June 2024, powered by the Arbitrum Nitro technology stack, using public ledgers instead of centralized backends to test cross-chain settlement in a transparent production environment. In Q2 2025, Galxe will launch Gravity Mainnet, a PoS Layer 1 blockchain powered by re-staking, with Reth as its EVM execution engine.

About Galxe

Galxe is a decentralized super application and Web3 on-chain distribution platform that provides users with a seamless Web3 experience through AI, digital identity and blockchain technology. Galxe's infrastructure and product suite includes Quest, Passport, Score, Compass and Alva. The upcoming Gravity is a Layer1 blockchain designed for a full-chain experience and full-chain abstraction, enabling developers to leverage Galxe’s 20 million users to drive mass adoption of Web3.

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source:panewslab.com
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