The GLITCH core functional requirements are documentation that describes how the GLITCH blockchain should perform and how to build on it.
Developers: Glitch Blockchain Core Functional Requirements. Use the documentation to deploy on the native GLITCH network. Use the search function above to find specific information or the left-hand side tabs. More data will be added once available.
What is 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.
Decay Nominated Proof-of-Stake
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.
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.
The reward mechanism incentivizes community support for all ecosystem participants, offsetting transaction costs to ensure low network fees.
Glitch is developing a one-of-a-kind bridging infrastructure to seamlessly swap assets between the Glitch ecosystem and different blockchains.
GLITCH utilizes a decay Nominated Proof of Stake system to guarantee that no individual gains control of the network.