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.
Revenue Sharing Model
GLITCH's unique revenue-sharing model will revolutionize how users interact with DeFi, rewarding all network participants and indirectly paying off transaction fees.
Low Cost
The reward mechanism incentivizes community support for all ecosystem participants, offsetting transaction costs to ensure low network fees.
Interoperable
Glitch is developing a one-of-a-kind bridging infrastructure to seamlessly swap assets between the Glitch ecosystem and different blockchains.
Democratic
GLITCH utilizes a decay Nominated Proof of Stake system to guarantee that no individual gains control of the network.
Compatible
Built with Substrate, GLITCH is EVM compatible and supports many development languages. By supporting any language that compiles to WASM, developer engagement is even more accessible by providing a wide range of diversified languages to support development for smart contracts and other applications. Languages supported include C++, Solidity, Java, GoLang, WASM, and JavaScript.
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