Vexanium (VEX) is an open-source, permissionless public blockchain protocol and smart contract platform. It enables developers, including startups, corporates, and businesses, to create blockchain-based projects. As a third-generation blockchain protocol, Vexanium supports DApps (Decentralized Applications), DeFi (Decentralized Finance), and a variety of real-world use cases for startups, businesses, and corporates. Vexanium aims to make blockchain technology accessible and applicable, enhancing various industries with its ecosystem.
With a focus on network scalability and speed, Vexanium can handle over 2000 transactions per second (TPS) compared to most blockchain platforms, which can only accommodate 10 to 100 TPS. Unlike other platforms, Vexanium does not charge transaction fees for users. The consensus mechanism used by Vexanium is DPoS (Delegated Proof of Stake), which prioritizes scalability and network performance through the use of block producers. Vexanium blockchain employs the C++ programming language, making it easier for programmers to create smart contracts.
Vexanium’s use case revolves around supporting DApps usability and retail penetration. By making blockchain technology accessible and applicable, Vexanium aims to enhance various industries within its ecosystem. The platform also offers an exchange where users can buy, sell, and trade Vex tokens. Vexanium’s development plan for 2023 includes introducing new Hyperion API features, releasing Vex Node Version 2.1, and implementing the Vexanium EVM (Ethereum Virtual Machine). The project also organizes international meetups and events to foster engagement and adoption.
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