Galxe Unveils 'Gravity' Layer-1 Blockchain for Mass Web3 Adoption

Galxe has announced the creation of Gravity, an ambitious new Layer-1 blockchain designed for mass adoption and an omni-chain future.

The project’s Alpha Mainnet, a rollup of Ethereum powered by Arbitrum Nitro, is slated to launch in Q2 2024. The full Gravity mainnet launch featuring its native PoS Layer-1 and Reth EVM execution engine will follow in Q2 2025.

Gravity aims to support truly cost-efficient Zero-Knowledge Proof (ZKP) verification, allowing for economical and secure transactions by reducing blockchain operational overhead.

A key innovation is Gravity’s ability to enable developers to define and settle transactions across multiple blockchains, increasing efficiency and security for cross-chain operations.

To improve user experience, Gravity introduces cryptographic primitives like the secp256r1 curve using precompiled contracts. This allows cost-effective passkey authentication for Account Abstraction wallets, enhancing security and usability.

Under the hood, Gravity combines the high-throughput Reth execution layer with the Jolteon consensus algorithm, providing near-instant finality. Its native PoS blockchain will be secured by staking and restaking protocols like Babylon and EigenLayer for added robustness.

Gravity will also allow developers building Web3 apps on it to tap into Galxe’s existing ecosystem of 20 million users. Its native omnichain intent protocol provides a unified, yield-enabled balance across chains for seamless cross-chain transactions and verifications.

Gravity’s scalability and low fees also enable implementing loyalty points fully on-chain, maximizing transparency while reducing friction for developers.

The project has already garnered strong support, with over $10 million raised from Multicoin Capital and Dragonfly Capital as of 2022.

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.