What is Gravity (G)?
Gravity (G) is an omnichain Layer-1 smart contract platform. The main goal of Gravity is to provide a scalable, secure, and efficient infrastructure for complex cross-blockchain transactions .
Part of the Galxe ecosystem, Gravity uses a zero-knowledge proof (zk-proof) system and state-of-the-art consensus mechanisms. Gravity also works with the Ethereum Virtual Machine (EVM) . This means that decentralized applications built on Ethereum can easily use the Gravity blockchain.
G Token Project
Among the top Web3 coins , G token is the native cryptocurrency of the Gravity blockchain. G tokenworks as a utility token for both the Gravity blockchain and the Galxe ecosystem .
Transaction fees (gas fees) on Gravity are paid in G tokens, which can also be used to earn staking rewards by participating in the network's Proof-of-Stake (PoS) consensus mechanism .
G token is also the cryptocurrency of the Galxe platform. In this context, Galxe's previous token, GAL tokens, have been converted into G tokens at a one-to-one ratio. G tokens take on all the functions that GAL tokens had before.
Name:Gravity
Symbol:G
Current Price:0.40$ (-3.92%)
Market value:3.000.000$
Circulating Supply:7,232,700,005
Maximum Supply:12,000,000,000
What Makes Project Gravity Special?
Gravity was created by the Galxe project and its goal is to provide a scalable, high-speed, truly efficient, and secure infrastructure for the Web3 ecosystem . What sets this project apart from other platforms that allow smart contracts is that it promises cross-chain interoperability in a scalable framework and offers retaking as part of the consensus mechanism. These make the Gravity blockchain project one of the best Layer-1 networks .
Gravity will be integrated into the Galxe ecosystem and Galxe’s existing product portfolio, Quest, Compass, Passport, Score, Alva, and Identity Protocol. With this integration, Gravity is expected to process over 60 million transactions per month, twice the number on Ethereum. This will position it as one of the most active chains in terms of user activity. This integration is expected to not only provide projects with access to a large user base, but also significantly facilitate the retention of existing users.
Key features of Gravity
Cross-Chain Transactions: Gravity enables developers to define and place transactions across multiple blockchains, making interactions more efficient and secure.
Efficient Validation: By supporting cost-effective ZKP validation, Gravity ensures that transactions are both economical and secure.
Enhanced User Experience: By incorporating cryptographic primitives like the secp256r1 curve through pre-compiled contracts, Gravity enables use cases like cost-effective “passkey authentication” for Account Abstraction wallets and improves the user experience.
High-Performance Execution: Gravity has integrated the fastest execution layer Reth and the latest consensus algorithm Jolteon. Together, these technologies are tuned to deliver high throughput and near-instant execution.
EVM Compatibility: Gravity will provide full EVM compatibility, allowing developers to seamlessly deploy and interact with smart contracts.
Gravity also features a cross-chain settlement protocol designed to take maximum advantage of its high-performance and fast on-chain capabilities to meet the demands of high-throughput applications. This protocol allows applications to use Gravity as the settlement layer for whatever users on any chain want to do. Through pioneering applications like Smart Savings, this capability is shifting the development paradigm from unauditable off-chain transactions to an open, code-is-law database, shifting the criticality to Gravity.
