VXL Network Introduces the Next-Generation, Eco-Friendly Multidimensional Bock-Lattice Blockchain On IDPOV Consensus Mechanism - Aliens: AI Crypto News & Markets Updates
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VXL Network Introduces the Next-Generation, Eco-Friendly Multidimensional Bock-Lattice Blockchain On IDPOV Consensus Mechanism

PublisherPublisher
U.Today

Thu, Jun 23, 2022

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Aliens TLDR

Launched by a heavy-hitting team of cryptocurrency enthusiasts, VXL Network platform proudly introduces its Block Lattice structure that empowers heterogeneous parallel chains with smart contracts functionality.

VXL Network can be used by organizations and retail clients as a Virtual Private Network (VPN) provider, bandwidth-on-demand vendor, custom routing service, multicast protocol, security firewall, malefactor detection protocol, content filtering module and antivirus tool.

Unlike the majority of “old-fashioned” blockchains like Bitcoin, Ethereum and so on, VXL Network adheres to a Block Lattice architecture.

VXL Network’s own Quantum Virtual Machine (QVM) runs smart contracts that make VXL Network suitable for all sorts of dApps and DeFis. Also, the protocol is suitable for on-chain referendums, elections and voting.

VXL Network’s design includes two types of smart contracts, namely Token Smart Contract for new token issuance in the blockchain’s ecosystem and the Asset Smart Contract for digital assets that do not register as tokens.

VXL Network’s team indicates two types of node ecosystem participants: “rich nodes” and “middle class nodes.” Different nodes allow network participants with various initial deposits to contribute to network health as validators, “bookkeepers” and so on.

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