Glitch

GLITCH is a fast, interoperable, blockchain-agnostic protocol purpose-built for DeFi. Rather than aiming to be jack-of-all use cases, GLITCH has a singular focus on decentralized financial applications and trustless money markets. Learn more at glitch.finance.

GLCH is the native currency of the GLITCH blockchain. GLCH has a total supply of 88,888,888. It is the lifeblood of the network, used to pay network fees and secure the platform.

GLITCH utilizes a decay-nominated proof-of-stake (nPoS) consensus mechanism. Decay nPoS improves upon delegated PoS and is more decentralized and democratically sustainable than many other consensus mechanisms. Token holders will stake their GLCH to nominate network validators and earn on shared revenues.

Glitch Finance serves crypto’s need for a scalable blockchain operating system designed specifically for decentralized finance (DeFi). We have a single, obsessive focus on scaling a parallel financial system with better infrastructure. We’re bootstrapping an entirely new L1 network so that more people can access the power of truly permissionless financial applications.

We’re building a system that can handle millions of active users while still providing a cost-effective and friendly user experience. We seek to enable low latency in transaction processing and user interfacing applications to encourage mass adoption. As we see it, DeFi needs a dedicated system to meet its full potential—one that’s easy to use, scalable, capable of uniting an entire ecosystem of dApps, and that rewards all ecosystem participants.