Glitch (GLCH)

What is Glitch Protocol (GLCH)?

Glitch Protocol is a super protocol that is developing a brand new blockchain specifically for Defi products and built with scaling and profit sharing in mind at the core.

The project currently has 5 products, the most important product of the project is Glitch Decentralized Exchange (GEX), the remaining products include: Wallet, Explorer, Bridge, Staking, GEX.

 What's special about Glitch Protocol?

• Scalability: With industry leading transaction speeds and block/s latency rates, Glitch will process at least 3000 TPS, a number that will grow as the network grows.
• Low Transaction Fees: A groundbreaking reward mechanism that incentivizes community support for all ecosystem participants, ensuring low transaction fees.
• Interoperability: Exchange assets between the Glitch ecosystem and different blockchains using a single bridge infrastructure.
• Democracy: By adhering to some of the core tenets of blockchain, Glitch Protocol ensures that the network operates independently without a third party commanding the network. To ensure continuity and on-chain security, the blockchain implements a delegated Proof-of-Stake consensus algorithm.

Dapps

Glitch helps to incentivize applications scale by enabling faster and cheaper transactions for their users. We make it easy for developers to build on our platform with support for many different programming languages ​​and grants to incentivize development. Initially, we are also deploying our own applications as a foundation for the ecosystem.

GEX

The GEX is a permissionless, peer-to-peer engine that enables users to trade assets quickly, cheaply, and securely. The GEX will deploy widely-used Ethereum assets (ERC20) and make them accessible with sub-second transaction finality at a fraction of the current cost on ETH-based DEXes. It will include built-in profit-sharing and community stakeholder features.

xBRIDGE

The xBRIDGE allows users to move tokens across chains with just a few clicks, thus opening the door to faster speeds and lower transaction costs with security. The xBRIDGE makes it free to move back and forth for short time periods, and it keeps track of the tokens to match the balances as a secondary check against smart contracts.

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