Top US crypto exchange platform Coinbase is adding support for the native asset of a layer 1 blockchain that has recently been renamed.
In a new announcement, Coinbase say it is adding layer 1 protocol Gravity (G), formerly known as Galxe (GAL), to its listing roadmap, which was established in 2022 as a means to increase transparency and suppress frontrunners.
Gravity is an interoperable smart contract platform that goals to conduct cross-chain transactions safely and efficiently, according to the official website.
“To meet the demands of high-throughput applications, Gravity features a cross-chain settlement protocol designed to maximize the capabilities of its powerful and fast finality chain. This protocol allows applications to use Gravity as a settlement layer for user intents on any chain.”
Last week both top global crypto exchange platforms Binance And Crypto.com supported the migration of Galxe’s digital assets to Gravity. The transition took place during the second week of July.
In a new thread on the social media platform X, Gravity explains how technology makes cross-chain interactions easier.
“Welcome to the decentralized future of Galxe. Introducing Gravity, the layer-1 blockchain designed for mass adoption and an omnichain future.
Gravity simplifies chain interactions with advanced technology such as ZKPs (zero-knowledge proofs), advanced consensus mechanisms, and replay-driven architecture.”
G is trade at $0.0408 at the time of writing, down 7.49% over the past 24 hours, according to CoinMarketCap.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on X, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney