Top US-based crypto exchange platform Coinbase is adding support for the native asset of a layer-1 blockchain that recently rebranded itself.
In a new announcement, Coinbase says it’s adding layer-1 protocol Gravity (G), formerly known as Galxe (GAL), to its listing roadmap, which was created in 2022 as a means of increasing transparency and stifling front-running.
Gravity is an interoperable smart contract platform that aims to securely and efficiently perform cross-chain transactions, according to its official website.
“To meet the demands of high-throughput applications, Gravity features a cross-chain settlement protocol designed to maximize the capabilities of its high-performance and fast-finality chain. This protocol allows applications to use Gravity as the settlement layer for user intents across any chain.”
Last week, both top global crypto exchange platforms Binance and Crypto.com supported the digital asset’s migration from Galxe to Gravity. The transition occurred during the second week of July.
In a new thread on the social media platform X, Gravity explains how its 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 like ZKPs (zero-knowledge proofs), cutting-edge consensus mechanisms, and restaking-powered architecture.”
G is trading for $0.0408 at time of writing, a 7.49% decrease during the last 24 hours, according to CoinMarketCap.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
