Web3 Galxe creates own layer-1 blockchain Gravity

May 31, 2024
On Wednesday, Web3 and digital credential network Galxe announced the creation of its own Layer-1 smart contract platform, Gravity, and the migration of its products to the new blockchain.
image

The first version of the network, built on the Arbitrum Nitro stack, will be launched for public testing in June. The full release of the Gravity network is planned for the second quarter of 2025.

The need for a more efficient and scalable solution arose because existing solutions failed to provide the required complexity and scale for managing cross-network interactions between 34 blockchains.

Gravity is a proof-of-stake blockchain. It supports re-staking through EigenLayer and Babylon to enhance Ethereum network security. The chain will also have its own token, G.

According to the developers, the network will use Reth as the execution layer and the Jolteon (AptosBFT) consensus algorithm for instant transactions and high throughput.

Galxe Passport will be migrated to Gravity, and the Galxe Score contract will transition to the new chain.