### What is Glitch Protocol?

Glitch Protocol is a blockchain-agnostic protocol designed specifically for decentralised finance (DeFi) applications and trustless money markets. It focuses on providing a scalable, fast, and interoperable platform that supports high transaction throughput and low costs, aimed at facilitating DeFi and decentralised applications (dApps).

### How does Glitch Protocol work?

Glitch Protocol operates using a Delegated Proof-of-Stake (DPoS) consensus mechanism, where stakeholders outsource network security to selected block producers. This system promotes fairness by ensuring each stakeholder has an equal chance of block creation. It employs a unique carousel system to prevent a small group of block producers from dominating the blockchain governance. The platform also includes a GRC-20 token standard for integrating tokens from other platforms like Ethereum into the Glitch ecosystem.

### What are the potential use cases for Glitch Protocol?

Glitch Protocol supports a variety of uses, including:

- **Decentralised Finance (DeFi):** Facilitates the creation and operation of DeFi applications and trustless money markets.
- **Interoperability:** Supports the exchange of data and digital assets between Glitch and other blockchain networks, including Ethereum.
- **Decentralised Exchange (GEX):** A permissionless, peer-to-peer engine for efficient and secure asset trading.

### What is the history of Glitch Protocol?

Founded by Sean Ryan in 2020 in Hong Kong, Glitch Protocol has undergone several significant developments, including a token generation event on January 19, 2021, and completing five funding rounds that raised a total of $3.35 million. It is built on the Substrate Framework, ensuring an interoperable and blockchain-agnostic architecture. Major updates include a unique DPoS consensus mechanism and plans for a currency migration bridge to enhance cross-chain interoperability.

Glitch Protocol

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