Galxe Launches Gravity, Enables Domains Gravity.xyz & G.xyz

May 29, 2024 - Galxe, the leading on-chain distribution platform for Web3, announced its latest breakthrough, Gravity, with the launch of the domain names Gravity.xyz and G.xyz. a new Layer 1 smart contract platform.The launch of Gravity marks a significant step in Galxe's efforts to important step in enhancing the Web3 interactive experience for users and developers.

Gravity's Background and Goals

Over the past three years, Galxe's user base and transaction volumes have grown exponentially, exposing the limitations of existing solutions in supporting complex cross-chain interactions. To address these challenges, Galxe has developed Gravity, which aims to provide a more efficient, scalable, and secure solution that manages complex cross-chain interactions with minimal friction, resulting in an integrated and simplified experience for developers and users.

Gravity.xyz

Gravity's Core Features

Cross-chain transactions: Gravity allows developers to define and settle transactions on multiple blockchains, making cross-chain interactions more efficient and secure.

Efficient Validation: Support for cost-effective Zero Knowledge Proof (ZKP) validation ensures that transactions are both cost-effective and secure.

Enhanced User Experience: By integrating cryptographic primitives such as secp256r1 curves, Gravity provides cost-effective key validation, improving the user experience.

High Performance Execution: Gravity utilizes the fastest execution layer, Reth, and the most advanced consensus algorithm, Jolteon (AptosBFT), to provide high throughput and near-instantaneous termination.

Secure and Reliable PoS Mechanism: Gravity's Proof of Stake mechanism is supported by a combination of G-Token native Proof of Stake and restart protocols such as Babylon and EigenLayer to ensure security.

EVM Compatibility: Gravity is fully EVM compatible, allowing developers to seamlessly deploy and interact with smart contracts.

About the Domain Name

Gravity's domain name is Gravity.xyz and Galxe's domain name is Galxe.com, which was registered in March 2009. Currently, typing the single letter G.xyz will redirect you to Gravity.xyz. It is clear that Gravity has acquired G.xyz.

Galxe.com

Galxe's Vision for the Future

Harry Zhang, co-founder of Galxe, said, “Gravity marks an important advancement in our decentralized Web3 ecosystem. Over the past three years, we've worked to improve the user experience, and the launch of Gravity will simplify cross-chain interactions, provide a smoother user experience, and revolutionize the game for developers and users.”

About Galxe

Galxe is the largest on-chain distribution platform in the Web3 space, delivering a seamless Web3 experience through artificial intelligence, digital identity and blockchain technology. Its product suite, which includes Quest, Passport, Score, Compass and Alva, is dedicated to providing advanced tools and autonomous digital identity management to help users easily explore Web3.