Gala

Gala Games, one of the game-themed altcoins, announced its latest initiative called Galaswap. It has been reported that Galaswap will be a decentralized exchange. 
Gala claims that the decentralized exchange it will launch can process more than 2 million transactions per second thanks to the horizontal scaling approach of the layer-1 chain and that 43,000 user-operated nodes currently support the network. 
GALA price seems to have reacted positively to this development. Following the announcement of the development, the price of the altcoin experienced a sudden increase of over 7%. 
<figure id="attachment_135902" aria-describedby="caption-attachment-135902" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-135902" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/02/GALAUSDT_2024-02-27_20-26-52.png" alt="" width="1342" height="792">
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 Graph showing the reaction of the GALA price after the development.
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According to Jason Brink, Gala's Head of Blockchain, the decentralized cryptocurrency exchange will empower users to navigate in a faster and more fluid environment. In his statement published on X, Brink gave details about the new stock exchange as follows: 
<blockquote> 
 “The Galaswap system is based on an order book that is very similar to centralized exchanges but is actually on-chain. You get a similar concept to liquidity pools, but much more tightly controlled. You either accept a price and trade or you don't. There's really no concept of a true slippage at the moment. 
 What this means is that the tokens don't leave your wallet until an exchange occurs, you don't put them into a single exchange address or anything like that.” 
</blockquote> 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/altcoins-price-responds-positively-to-announcement-that-it-will-establish-its-own-exchange/">Altcoin’s Price Responds Positively to Announcement that It Will Establish Its Own Exchange</a>

Altcoin’s Price Responds Positively to Announcement that It Will Establish Its Own Exchange

Bitcoin Sistemi EN

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