GLCH
Glitch Protocol
$0.00615548AUD
Market Cap
432.3K AUD
24H Trade Vol.
714 AUD
Total Supply
70.1M

Important Notice

Deposits and withdrawals are not currently available for this coin.

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Buy Glitch Protocol (GLCH)

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.

Coin Contract Addresses

0xbe5cf150e1ff59ca7f2499eaa13bfc40aae70e78
0x038a68ff68c393373ec894015816e33ad41bd564
0xf0902eb0049a4003793bab33f3566a22d2834442