Galxe Creates Layer-1 Blockchain, Gravity for the Future of Web3!

Bittime - Galxe announces a new breakthrough. They are building their own layer-1 blockchain called Gravity. This marks Galxe's bold move to no longer rely on third-party blockchains, and move to a platform they have full control over.

This decision was driven by Galxe's rapid growth. With 20 million users and 100 million monthly transactions, Galxe needed a more efficient and scalable solution to manage cross-blockchain interactions. Currently, Galxe supports the transfer of data and digital assets between 34 different blockchains.

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"Current solutions are not capable of meeting the complexity and scale we require," the Galxe team explained in a statement. "That's what drove us to develop Gravity itself."

Also read: Galxe Will Announce Something Special Tomorrow: Is It Rebranding?

Gravity: Galxe's Future Blockchain Solution

Gravity will be a proof-of-stake (PoS) blockchain. This means that the security of the network will be guaranteed by users staking their tokens. 

Uniquely, Gravity will support restaking via EigenLayer and Babylon, allowing users to earn additional rewards by leveraging the security of the Ethereum network.

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In addition, Gravity will also have a new native token called G. The existing GAL token will be migrated to Gravity after being approved by the decentralized autonomous organization (DAO) Galxe.

Also read: Galxe Partners with Jambo: Offer Attractive Rewards for GAL Stakers!

Gravity Use Reth

To ensure high transaction speeds and near-instant finalization, Gravity will use Reth as the execution layer and the Jolteon consensus algorithm (AptosBFT). 

Not only that, Gravity will also be compatible with the Ethereum Virtual Machine (EVM), which makes it easy to integrate with various other Web3 applications and services.

The initial steps for launching Gravity will begin next June. This first version is built on Arbitrum Nitro technology and aims to transparently test cross-blockchain transactions. The final version of Gravity complete with staking and restaking is targeted for launch in the second quarter of 2025.

The migration to Gravity will not only target GAL tokens. Galxe Passport, Galxe's decentralized digital wallet and credential service that currently has nearly 1 million users, will also transition from BNB Chain (BNB) to Gravity. 

The same goes for Galxe Score, Galxe's Web3 credit scoring system, which is currently on the Polygon (MATIC) network.

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With Gravity, Galxe takes a big step towards becoming a major player in the Web3 ecosystem. The ability to control its own blockchain platform will give Galxe the flexibility and scalability it needs to continue growing in the future. 

This is certainly good news for users and developers who rely on Galxe services.

How to Buy Galxe (GAL) on Bittime

You can buy and sell Galxe (GAL) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Galxe (GAL) is available on Bittime with the market pair GAL/IDR. To be able to buy GAL IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Galxe (GAL) on Bittime. 

Monitor price chart movements for Galxe (GAL), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Galxe Proposes Token Overhaul: From GAL to G with Increased Supply

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What is Galxe (GAL)? Get to Know This Future of Web3 Credibility!

Galxe (GAL) Price Prediction 2024, 2025-2035: Will it Hit $1K?

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.