Galxe launches alpha version of Gravity L1 blockchain in June
Date: 2024-05-31 Author: Gabriel Deangelo Categories: BLOCKCHAIN
New product announcement
Galxe developers announced the launch of an alpha version of a new first-level (L1) blockchain called Gravity. The alpha version is expected in June 2024, and this will be a significant step for the platform. Gravity is based on the Arbitrum Nitro stack and is designed to improve interoperability between different blockchain networks.
Technical features of Gravity
Gravity will use zero-knowledge proofs (ZKP) to confirm transactions, ensuring high security and privacy. The network will also be compatible with the Ethereum Virtual Machine (EVM), making it easier to integrate and interoperate with existing Ethereum-based projects. Gravity will use Reth as its execution layer.
Goals and objectives of the new blockchain
The main goal of developing Gravity is to increase the efficiency of interaction between different blockchains. The project team said that Gravity will be able to serve up to 20 million users in the Galxe ecosystem, providing a seamless and user-friendly interface to one of the largest on-chain distribution networks.
Two-step deployment process
The launch of Gravity will take place in two stages. The alpha version of the blockchain will be released in June 2024. This phase will allow you to test and optimize the system before moving to wider deployment. The public mainnet, according to developers’ forecasts, will be released in the second quarter of 2025.
Expectations from the new product
Galxe has high hopes for Gravity, seeing it as a tool for creating a more connected and efficient blockchain ecosystem. Using advanced technologies such as ZKP and EVM compatibility, Gravity promises to be a powerful tool for developers and users.
The launch of the alpha version of the Gravity blockchain will be an important step in the development of the Galxe platform. With the introduction of new technologies and approaches, Gravity promises to improve the interaction between different blockchains and offer users new opportunities. It is expected that this project will attract the attention of developers and investors interested in advanced solutions for the blockchain industry.
