Coinspeaker Galxe to Launch Native Layer-1 Blockchain Gravity in June
Web3 digital identity and rewards platform Galxe is set to launch its native blockchain Gravity in June. This new development marks a significant step for the platform as it plans to migrate all its business offerings to Gravity to enhance its operational capabilities and user experience.
Once Gravity is launched, Galxe will transition its key services, including Galxe Passport, Score, Quest, Compass, and Alva to the new blockchain.
Galxe Passport, which currently has nearly 1 million users, will move from the BNB Smart Chain to Gravity. Similarly, the Galxe Score contract will migrate from Polygon (MATIC) to the new blockchain.
Testnet and Mainnet Launch Plans
In a recent announcement, Galxe revealed that the protocol will debut in phases, with the initial version, also known as testnet, scheduled for next month. The Mainnet is slated for launch towards the end of the second quarter of 2025.
The initial phase of Gravity is designed to simplify cross-chain interactions using zero-knowledge proofs for efficient verification. The blockchain will also support multi-chain asset management, addressing the complexities involved in cross-chain transaction settlements.
The Mainnet will feature full functionalities. Galxe plans to incorporate features such as staking and restaking services into the protocol to enhance its capabilities.
The blockchain will operate under the Proof-of-Stake (PoS) consensus mechanism, offering restaking options via EigenLayer and Babylon to leverage the Ethereum network’s security.
Like most blockchains, Gravity will also have a native token to power the activities of the network. Members of the platform’s decentralized autonomous organization (DAO) have already approved the contract migration of its existing token, GAL, to the upcoming token called G.
Addressing Scalability and Efficiency
Galxe said the blockchain will employ Reth for its execution layer and use Jolteon (AptosBFT) as its consensus algorithm, which will provide near-instant transaction finality and high throughput.
Furthermore, Gravity will be Ethereum Virtual Machine (EVM) compatible, enabling seamless integration with existing Ethereum-based applications. The Web3 digital identity platform said the creation of Gravity comes in response to the rapid growth of Galxe’s user base over the past three years. The platform needed a more efficient and scalable solution to manage cross-chain interactions across the 34 blockchains it supports and accommodate its growing user base of 20 million users.
Galxe said it currently handles around 100 million monthly transactions. According to the Galxe team, Gravity will provide the necessary infrastructure to handle the increased demand and complexity, ensuring a smoother and more reliable user experience.
The team estimates that the network will be able to process up to 60 million transactions on a monthly basis when launched.
“Gravity is estimated to have over 60 million transactions per month – two times that of Ethereum – establishing it as one of the most active chains based on user activity,” said Galxe.
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Galxe to Launch Native Layer-1 Blockchain Gravity in June