High US-based crypto alternate platform Coinbase is including help for the native asset of a layer-1 blockchain that lately rebranded itself.
In a brand new announcement, Coinbase says it’s including layer-1 protocol Gravity (G), previously referred to as Galxe (GAL), to its itemizing roadmap, which was created in 2022 as a way of accelerating transparency and stifling front-running.
Gravity is an interoperable good contract platform that goals to securely and effectively carry out cross-chain transactions, in response to its official web site.
“To fulfill the calls for of high-throughput purposes, Gravity includes a cross-chain settlement protocol designed to maximise the capabilities of its high-performance and fast-finality chain. This protocol permits purposes to make use of Gravity because the settlement layer for person intents throughout any chain.”
Final week, each prime international crypto alternate platforms Binance and Crypto.com supported the digital asset’s migration from Galxe to Gravity. The transition occurred throughout the second week of July.
In a brand new thread on the social media platform X, Gravity explains how its expertise makes cross-chain interactions simpler.
“Welcome to the decentralized way forward for Galxe. Introducing Gravity, the layer-1 blockchain designed for mass adoption and an omnichain future.
Gravity simplifies chain interactions with superior expertise like ZKPs (zero-knowledge proofs), cutting-edge consensus mechanisms, and restaking-powered structure.”
G is buying and selling for $0.0408 at time of writing, a 7.49% lower over the past 24 hours, in response to CoinMarketCap.
Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox
Examine Value Motion
Observe us on X, Fb and Telegram
Surf The Each day Hodl Combine
 
Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you might incur are your duty. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please observe that The Each day Hodl participates in internet online affiliate marketing.
Generated Picture: Midjourney
