Trade G with Leverage
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Gravity
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- Intro
Gravity (G) is a Layer 1 blockchain developed by Galxe, designed to enable cross-chain transactions and verification with near-instant finality. It operates within the Galxe ecosystem and incorporates technologies like Zero-Knowledge Proofs (ZK Proofs) and a restaking-powered architecture to support higher performance, security, and efficiency.
Gravity is built for Ethereum compatibility, allowing seamless interaction with existing decentralized applications (dApps) on the Ethereum network. The platform's architecture focuses on simplifying multichain interactions by integrating state-of-the-art consensus mechanisms, making it suitable for developers and users seeking a robust, user-friendly environment for cross-chain applications.
Gravity's native token, G, serves as the utility and governance token for both the Gravity and Galxe ecosystems. G can be used to pay for transaction gas fees, and will soon be used to secure the network through staking. Governance decisions, ecosystem growth, and various types of payments, are facilitated by G. The token also plays a key role in the network's security and operational efficiency.
The total supply of G is capped at 12 billion tokens. Currently, about 7.23 billion G tokens are in circulation. Distribution of these tokens is structured to support ecosystem development, including rewards for staking participants, governance incentives, and operational costs within the network.
Gravity's use of Zero-Knowledge Proofs allow for secure, private transactions and verification processes across multiple chains without revealing transaction details. The blockchain also utilizes a restaking mechanism that enhances network security and encourages user participation by allowing staked assets to be reused to secure additional network layers. This not only optimizes network resource utilization but also boosts security and efficiency.