What is Galxe's new chain Gravity? What are its key features?

Foresight News
2024-05-30 08:45:55
Collection
Galxe is about to launch the Layer1 blockchain Gravity, designed for a full-chain experience and full-chain abstraction. The proof of stake will be driven by the native collateral of G tokens and re-staking protocols including Babylon and EigenLayer.

Author: Karen, Foresight News

Galxe announced the upcoming launch of its Layer 1 blockchain "Gravity," designed for a full-chain experience and full-chain abstraction, aiming to integrate its core products onto the Gravity chain to provide seamless and scalable Web3 solutions for its 20 million users.

Galxe stated 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. Existing solutions fall short in supporting the required complexity and scale, while Gravity has the capability to address these challenges, providing integrated and simplified experiences for developers and users.

Gravity launch event: https://x.com/Galxe/status/1795945604058607926

What is Gravity?

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

At launch, Gravity will seamlessly integrate with Galxe's existing product suite, including Quest, Compass, Passport, Score, Alva, and the Galxe Identity Protocol. Through these integrations, the monthly transaction volume of Galxe on Gravity is expected to reach 60 million, which is double that of the Ethereum mainnet. Gravity also simplifies multi-chain asset management, cross-chain transaction settlement, and user-friendly transaction processes, allowing users to avoid dealing with complex underlying technologies.

Galxe co-founder Harry Zhang stated, "Gravity represents a significant advancement in our decentralized Web3 ecosystem. Over the past three years, Galxe has always prioritized user experience, as evidenced by the transaction volume on the 34+ chains we support. The launch of Gravity is precisely to meet the urgent need for simplifying cross-chain interactions and providing a user-friendly experience. Its ability to abstract complexity will bring disruptive changes for developers and users."

Galxe co-founder Harry Zhang stated, "Gravity represents a significant advancement in our decentralized Web3 ecosystem. Over the past three years, Galxe has always prioritized user experience, as evidenced by the transaction volume on the 34+ chains we support. The launch of Gravity is precisely to meet the urgent need for simplifying cross-chain interactions and providing a user-friendly experience. Its ability to abstract complexity will bring disruptive changes for developers and users."

What are the key features of Gravity?

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

Efficient verification: Supports economically efficient zero-knowledge proof verification, ensuring transactions are economical and secure.

Enhanced user experience: By introducing cryptographic primitives (such as the secp256r1 curve) through precompiled contracts, Gravity enables use cases like passkey authentication for account abstraction wallets, thereby enhancing user experience.

High-performance execution: Gravity integrates the fastest execution layer Reth and the state-of-the-art consensus algorithm Jolteon (AptosBFT). These technologies together provide high throughput and near-instant finality.

Secure and robust PoS mechanism: Gravity's proof of stake will be driven by native staking of G tokens and re-staking protocols including Babylon and EigenLayer.

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

When will Gravity launch?

Galxe stated that the launch of Gravity will occur in two key phases. The Gravity Alpha Mainnet is set to go live in June 2024, supported by the Arbitrum Nitro tech stack, utilizing a public ledger in a transparent production environment to test cross-chain settlement instead of a centralized backend. In the second quarter of 2025, Galxe will launch the Gravity Mainnet, a PoS Layer 1 blockchain driven 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 Layer 1 blockchain designed for full-chain experiences and complete chain abstraction, enabling developers to leverage Galxe's 20 million users, thereby driving mass adoption of Web3.

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