{"id":21592,"date":"2024-05-30T14:00:02","date_gmt":"2024-05-30T11:00:02","guid":{"rendered":"https:\/\/coinengineer.io\/?p=21592"},"modified":"2024-05-30T12:00:26","modified_gmt":"2024-05-30T09:00:26","slug":"galxe-to-launch-gravity-a-new-layer-1-blockchain-for-simplified-cross-chain-interactions","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/galxe-to-launch-gravity-a-new-layer-1-blockchain-for-simplified-cross-chain-interactions\/","title":{"rendered":"Galxe to Launch Gravity: A New Layer 1 Blockchain for Simplified Cross-Chain Interactions"},"content":{"rendered":"<p><strong>Galxe<\/strong>, a Web3 credentials and rewards platform, intends to launch a new Layer 1 blockchain called <strong>Gravity.<\/strong><\/p>\n<h3>Gravity Blockchain and Its Features<\/h3>\n<p><strong>Gravity<\/strong>, according to a statement, will simplify cross-chain interactions using zero-knowledge proofs for efficient verification.<\/p>\n<p>The blockchain will enable the abstract underlying complexity of cross-chain transaction settlements as well as multi-chain asset management.<\/p>\n<p>Along with the Jolteon <strong>(AptosBFT)<\/strong> consensus algorithm, this proof-of-stake blockchain will be compatible with the <strong>Ethereum Virtual Machine (EVM)<\/strong> and run Reth as its execution layer.<\/p>\n<p>To optimize <strong>Galxe&#8217;s<\/strong> huge user base, <strong>Gravity<\/strong> will be included in its current range of products, including Quest, Compass, Passport, and the Galxe Identity Protocol.<\/p>\n<p><a href=\"https:\/\/coinengineer.net\/blog\/analyzing-eigenlayers-post-eigen-airdrop-daily-flows\/\"><em><span style=\"font-weight: 400;\">This Might Interest You:\u00a0<\/span>Analyzing EigenLayer\u2019s Post-EIGEN Airdrop Daily Flows<\/em><\/a><\/p>\n<p>Galxe will deploy <strong>Gravity<\/strong> in two primary stages. Designed with the Arbitrum Nitro stack, the alpha mainnet is set to be tested preliminarily in June 2024. A fully operational mainnet is projected to be delivered in the second quarter of 2025.<\/p>\n<p>In 2022, Galxe raised <strong>$10 million<\/strong> from Multicoin Capital and Dragonfly Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Galxe, a Web3 credentials and rewards platform, intends to launch a new Layer 1 blockchain called Gravity. Gravity Blockchain and Its Features Gravity, according to a statement, will simplify cross-chain interactions using zero-knowledge proofs for efficient verification. The blockchain will enable the abstract underlying complexity of cross-chain transaction settlements as well as multi-chain asset management.<\/p>\n","protected":false},"author":6,"featured_media":21593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1],"tags":[1933,6516],"class_list":["post-21592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-genel","tag-galxe","tag-gravity"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Galxe to Launch Gravity: A New Layer 1 Blockchain for Simplified Cross-Chain Interactions<\/title>\n<meta name=\"description\" content=\"Web3 platform Galxe announces Gravity, a Layer 1 blockchain using zero-knowledge proofs for efficient cross-chain interactions, set for alpha testing in June 2024.\" \/>\n<meta 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