GLITCH is a layer-one protocol built on the Substrate Framework designed to be fast, interoperable, and blockchain-agnostic, with a singular focus on trustless money markets and decentralized financial applications (DeFi dApps). GLITCH utilizes a decay Nominated Proof of Stake system to guarantee that no individual gains control of the network.
One of the key benefits of GLITCH is its unique revenue sharing model, which aims to solve the expensive fee structure of other blockchain platforms. The protocol rewards ecosystem participants and guarantees low network fees, making it an attractive option for developers and users alike. Glitch plans to incorporate token wrapping bridges, where dApps can run more efficiently, all in service of Glitch's ultimate goal: to become a cornerstone of blockchain infrastructure.
Some of the benefits of GLITCH for developers and users include:
- Low network fees
- High throughput and low latency
- Token wrapping bridges
- Interoperable and blockchain-agnostic
- Revenue sharing mechanism
- Providing a reliable and efficient protocol for money market dApps
- Modularity allows for flexibility and scalability in the development process
The team is actively working on rolling out full mainnet network functionality.
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