From Investing.com: 2024-05-29 18:00:36

Galxe, the web3 platform, is launching Gravity, a Layer 1 omnichain smart contract platform, to improve web3 user and developer interactions. Gravity aims to simplify cross-chain transactions and provide a seamless experience for users. The platform will support 100 million transactions per month, three times more than Ethereum, enhancing efficiency and scalability in the web3 ecosystem.

Gravity boasts key features such as cross-chain transactions, efficient verification through Zero-Knowledge Proofs, and enhanced user experience with cryptographic primitives. It also offers high-performance execution and a secure Proof-of-Stake mechanism. Fully EVM-compatible, Gravity aims to streamline smart contract deployment and interaction.

Galxe plans to roll out Gravity in two phases, starting with the Gravity Alpha Mainnet launch in June 2024 and followed by the Gravity Mainnet debut in Q2 2025. With a commitment to transparency and innovation, Galxe aims to revolutionize cross-chain settlement processes and elevate the web3 experience for developers and users alike.

For more information about Gravity and Galxe, visit gravity.xyz. Galxe is a decentralized super app and web3 distribution platform, empowering users with AI, digital identity, and blockchain technologies. Through its suite of products, Galxe offers advanced tools and self-sovereign digital identity management to facilitate seamless exploration of web3.

Read more at Investing.com: A Layer 1 Blockchain Designed for Omnichain Experience and Full-Chain Abstraction By Chainwire