$IZE is an ERC20 utility token of Galvan on Ethereum, which is a layer-2 of Ethereum focused specifically on empowering wellness.
At the base of the Galvan ecosystem is Ethereum, a public blockchain that enables the creation of smart contracts and the ERC-20 IZE token. Although a powerful platform, Ethereum can oftentimes be slow and expensive, which prevents it from being Galvan's sole blockchain solution.
The Galvan Blockchain is a fork of Ethereum and uses the Proof of Authority consensus mechanism. This layer is governed by the Node Network DGF based on a charter voted on by Node Owners. A Swiss entity called Node Governance LLC assists in the administration of blockchain governance. The purpose of this layer is to be able to distribute digital assets like IZE rewards to Node Owners with sufficient scalability, low costs, and top speeds.
The Galvan Ledger is a database with an immutable ledger for accounting purposes. The ledger consults with the licensed nodes that form a decentralized computer on behalf of Galvan. Actions of the nodes lead to points, which then lead to IZE distribution. The accounting on this ledger is verified and added to the Galvan Blockchain.
The Galvan App and Dashboard are the interfaces that allow you to interact with all of the layers listed above. They include a non-custodial wallet for managing digital blockchain assets, useful information about nodes and rewards, and tools for tracking and improving your health and wellness.