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A Layer 1 Blockchain designed for the Omnichain experience and full-chain abstraction from Chainwire
San Francisco, California, May 29, 2024, Chainwire
Galxe, web3’s largest onchain delivery 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 couldn’t support the required complexity and scale, prompting Galxe to develop Gravity. Gravity addresses these challenges, offering an integrated and optimized experience for both developers and users.
Presentation of gravity
Gravity is an omnichain settlement layer built for mass adoption and full-chain abstraction. Its approach abstracts the technical complexities of chain interactions, integrating advanced technologies such as Zero-Knowledge Proofs and cutting-edge consensus mechanisms to ensure high performance, greater security and cost efficiency.
At launch, Gravity will be seamlessly integrated into Galxe’s existing suite of products: Quest, Compass, Passport, Score, Alva and Galxe Identity Protocol. Set to support 100 million transactions per month, three times that of Ethereum, Gravity offers a perfect solution for web3 interactions. This integration gives developers immediate access to a large user base, increasing their ability to attract and retain users. Gravity also simplifies multi-chain asset management, multi-chain transaction settlements, and intuitive transaction processes without exposing users to the underlying complexities.
“Gravity represents an important 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 across over 34 supported chains, which highlights the urgent need for a solution like Gravity to streamline cross-chain interactions and providing a streamlined, easy-to-use experience. Gravity’s ability to abstract these complexities is a game-changer for both developers and users.”
Main characteristics of gravity
- Cross-chain transactions: Gravity allows developers to define and settle transactions across multiple blockchains, making interactions more efficient and secure.
- Efficient verification: By supporting cost-effective ZKP verification, Gravity ensures that transactions are cost-effective and secure.
- Improved UX: By introducing cryptographic primitives like the secp256r1 curve through pre-compiled contracts, Gravity enables use cases like convenient passkey authentication for Account Abstraction wallets, improving the user experience.
- High-performance design: Gravity integrates the fastest execution layer, Reth, and the cutting-edge consensus algorithm Jolteon (AptosBFT). Together, these technologies are intended to provide high throughput and near-instant finality.
- Secure and Robust PoS Mechanism: Gravity’s Proof-of-Stake will be powered by the combination of G tokens’ native staking and re-staking protocols, including Babylon and EigenLayer. This design incentivizes and unites a community from across the spectrum 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. The Gravity Alpha mainnet, based on the Arbitrum Nitro stack, will go live in June 2024. The launch of the Alpha mainnet demonstrates Galxe’s commitment to the highest standards by testing cross-chain settlement in a transparent production environment using a public registry instead of a centralized backend. In Q2 2025, Gravity Mainnet will be launched, featuring a Layer 1 PoS blockchain powered by retaking with Reth as the 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 app and web3’s largest onchain delivery 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 self-sovereign digital identity management to enable users to explore Web3 effortlessly.
The recent introduction of Gravity, a Layer-1 blockchain designed for omnichain experience and full-chain abstraction, allows developers to tap into Galxe’s 20 million users and create new products that help integrate the world into web3.
ContactAna Lezamaana@serotonin.co