Glitch Finance completes the Glitch Merge, setting the stage to launch native smart contracts on the mainnet
Glitch is poised to deliver on its promise of groundbreaking milestones for its ecosystem this May. At the forefront of these achievements is the completion of the Glitch Merge, a critical network upgrade unlocking the full potential of Glitch’s blockchain.
We’re excited to announce the successful hard Merge of Glitch’s codebase with the latest Polkadot and Substrate featureset, paving the way for native smart contracts on the Glitch mainnet. But what exactly does the Glitch Merge entail, and what does it mean for the future of the network? Let’s dive in.
What is the Glitch Merge?
The Glitch Merge marks a significant milestone in our mission to build a seamless, high-performance ecosystem for DeFi money markets. Its implementation is a significant step towards enabling native smart contracts on the Glitch network.
GLITCH is built on the Substrate framework, which provides a powerful and flexible foundation for building blockchain networks. However, Substrate is constantly evolving, and Glitch needs to stay up-to-date with the latest upgrades to leverage all new and future enhancements.
Parity Technologies, the development team behind Substrate and Polkadot, has been at the forefront of these advancements. Diverging entirely from the latest branches allows the Glitch team to tap into the latest upgrades and features, resulting in easy network enhancements and customizations for current and future developments for the GLITCH mainnet.
What was Achieved During the Merge?
Following the successful completion of the Glitch Merge, several key technical achievements have been made, including enhanced security measures and bug fixes. The GLITCH blockchain is now more secure than ever before, with the implementation of several crucial tech enhancements.
One of the main benefits of the Merge is that smart contracts launched on GLITCH will be more secure and stable. This significant improvement will ensure the smooth operation of future dApps built on the GLITCH network.
During the Merge, a range of network and product upgrades were implemented, including:
- Upgrade to the GLITCH blockchain network
- Upgrade to the Glitch Browser Extension Wallet 1.3.0
- Update to the Glitch Explorer
To prepare for the mainnet, users are advised to download the latest Glitch Browser Extension wallet version.
While adding the Browser Extension Wallet to the Chrome store will take longer as we migrate our extensions from Manifest v2 to Manifest v3, users can download the Glitch wallet and install it using the step-by-step guide. You can access the video tutorial by clicking here.
Benefits of the Merge
The Glitch Merge is a victory for Glitch and the community, unlocking a range of benefits. It allows Glitch to leverage the latest Substrate technology, leading to faster transactions, lower network fees, and increased scalability.
Increased Security
The Glitch Merge brought several technical improvements and bug fixes that make the GLITCH blockchain more secure than ever, meaning users can transact on the network with greater confidence, knowing that their funds and data are better protected against potential attacks or vulnerabilities.
Enhanced Stability
The technical enhancements implemented during the Glitch Merge also contribute to making smart contracts more stable and reliable. This translates into smoother and faster transactions and a more seamless user experience overall.
Future-Proofing
By upgrading the GLITCH network, the Glitch team is preparing the platform for its upcoming native smart contracts launch. It opens up new possibilities for developing innovative features and dApps on the Glitch network, enabling developers to build unique DeFi money market solutions and promoting a more diverse and resilient GLITCH ecosystem.
Improved Compatibility
The upgrades to the Glitch Browser Extension wallet and the Glitch Explorer also mean that users can enjoy improved compatibility and easier access to the GLITCH blockchain. The wallet upgrade allows users to securely manage their GLITCH assets from their browser, while the Explorer update makes exploring and interacting with the network easier.
Additionally, the Merge ensures Glitch’s interoperability with other Substrate based chains, such as Polkadot, expanding its reach and influence. This results in an enhanced user experience, with users accessing a broader range of financial products and services tailored to their needs.
Setting the Stage for Mainnet May
With the Merge complete, the stage is set for a series of exciting developments rolling out this May. Chief among these is the implementation of native smart contracts, enabling developers to deploy their dApps on the native GLITCH chain. Another upcoming milestone is the start of the migration to the native GLCH token via the native bridge, enabling a seamless transition from the current ERC-20 GLCH token to the native coin. Since the bridge will begin as a one-way swap, you can continue to hold your GLCH on the existing chains, but this will exclude you from participating in the ecosystem.
We look forward to what lies ahead and are thrilled to have you on our journey.
Onwards and upwards,
— Team Glitch
About Glitch
GLITCH is a blockchain-agnostic super protocol explicitly designed for trustless money markets and decentralized financial applications (dApps). GLITCH solves the expensive fee structure of other blockchain platforms while simultaneously rewarding all ecosystem participants and guaranteeing low network fees through a unique revenue-sharing model. Glitch plans to incorporate token wrapping bridges, where dApps can run more efficiently, all in service of Glitch’s ultimate goal: to become a cornerstone of blockchain infrastructure.
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