Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Galxe to release alpha mainnet of Layer 1 blockchain in June using Arbitrum Nitro

Galxe to release alpha mainnet of Layer 1 blockchain in June using Arbitrum Nitro

The BlockThe Block2024/05/30 05:52
By:The Block

Web3 credentials platform Galxe plans to launch a new Layer 1 blockchain named Gravity, aimed at streamlining cross-chain interactions. The alpha mainnet, using the Arbitrum Nitro stack, is targeted to launch in June 2024 for preliminary testing. A fully operational mainnet is expected in the second quarter of 2025.

Galxe, a Web3 credentials and rewards platform, plans to introduce a new Layer 1 blockchain named Gravity.

Gravity will be designed to streamline cross-chain interactions, utilizing zero-knowledge proofs for efficient verification, according to a statement.

The blockchain will facilitate multi-chain asset management and abstract underlying complexities of cross-chain transaction settlements.

This proof-of-stake blockchain will be compatible with Ethereum Virtual Machine (EVM) and will utilize Reth as its execution layer along with the Jolteon (AptosBFT) consensus algorithm.

Gravity will be incorporated into Galxe’s existing suite of products — including Quest, Compass, Passport, and the Galxe Identity Protocol — to maximize its large user base.

The deployment of Gravity will occur in two main phases. The alpha mainnet, built with the Arbitrum Nitro stack, is scheduled to launch in June 2024 for preliminary testing. A fully operational mainnet is projected for release in the second quarter of 2025.

In 2022, Galxe raised $10 million in funding, with contributions from Multicoin Capital and Dragonfly Capital.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Stocks trade sideways ahead of political updates, Jackson Hole

US indexes were muted Monday as investors wait to hear from Chair Powell and President Trump

Blockworks2025/08/19 17:35