Gleipner is an ethereum-based initiative, which enables transactions on a supportive side-chain of both ETH and ERC20 tokens from Ethereum mainnet.
Gleipner has multiple chracerictis such as its transaction cost is already predefined and low as well.
It allows you to use your exsting Etherum address and doesn’t charge fee for switching between the networks.
Gleipner has multiple chracerictis such as its transaction cost is already predefined and low as well.
It allows you to use your exsting Etherum address and doesn’t charge fee for switching between the networks.
We built an alternate ETH network with fewer transaction fees and a high transaction speed while still giving the features of ETH wallet and ETH balance to the users.
We planned a layer-2 solution on Ethereum. If you have 1 ether, you can use a g-bridge to convert it into the Gleipner network and you can spend these within the network.
This solution also solves another thing: in ETH you pay gas fees so you pay two fees (app fees + gas fees). There is no gas fee in the Gleipner Blockchain network. We took Ethereum and we customized it to change the fee and consensus mechanism (ETH uses POF and we implemented the IBF network which is much faster).
It enables you to connect your wallet and carry out transactions on a supportive side-chain of both ETH and ERC20 tokens from Ethereum mainnet.
Gleipner Explorer allows you to explore and search for blocks, transactions, addresses and other activities taking place on Gleipner.
It enables you to connect your wallet and carry out transactions on a supportive side-chain of both ETH and ERC20 tokens from Ethereum mainnet.
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Gleipner Explorer allows you to explore and search for blocks, transactions, addresses and other activities taking place on Gleipner.
Problem: The ETH network has a high transaction fee and slow speeds. It is an energy-intensive proof of work blockchain with low speedy capability which makes it less efficient than other blockchains. Gleipner wanted to utilize this as an opportunity to build an alternate Ethereum network that’d provide the consumers with a solution to these problems.
Our solution: Our aim was to build an alternate ETH network with fewer transaction fees and a high transaction speed while still giving the features of ETH wallet and ETH balance to the users. Our solution for Gleipner is a layer-2 solution on Ethereum. If you have 1 ether, you can use a g-bridge to convert it into the Gleipner network and you can spend these within the network. Our solution also solves another thing: in ETH you pay gas fees so you pay two fees (app fees + gas fees). There is no gas fee in the Gleipner Blockchain network. We took Ethereum and we customized it to change the fee and consensus mechanism ( ETH uses POF and we implemented the IBF network which is much faster).
Results: Here’s a sneak peek of activities taking place on Gleipner. An average block time = 15 seconds Total transactions= 3,510 Total blocks = 3,654,611 Wallet addresses = 651
We used the following technologies in the development of Gleipner Exchange: Solidity, Python, Next Framework, Shell, Docker, Nix, TS, Web3, Wallet Connect, Hardhat, Jest, Cache Server, GraphQL, NodeJS, & TS.
The team that made it all possible
Our Project Managers act as consultants, allocating the right personnel, processes, and resources to bolster team effectiveness and efficiency.
Our development team performs work sprints as per the requirements provided by the Product Owner and coordinated by the Scrum Master.
Our designers are responsible for creating the design vision and drive the design direction for the experience that a customer will have when engaging with the product.
Our Tech Leads provide technical support and guidance to the team throughout the project and help them solve roadblocks and issues.
Know more about our teamOur Project Managers act as consultants, allocating the right personnel, processes, and resources to bolster team effectiveness and efficiency.
Our development team performs work sprints as per the requirements provided by the Product Owner and coordinated by the Scrum Master.
Our designers are responsible for creating the design vision and drive the design direction for the experience that a customer will have when engaging with the product.
Our Tech Leads provide technical support and guidance to the team throughout the project and help them solve roadblocks and issues.
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