BlockX (BCX)

BlockX Network is a Layer 1 Blockchain that offers multi-chain operability, an off-chain oracle infrastructure, and enables sovereign digital identity for the next-gen of Web3. The BlockX ecosystem is built to utilize the Delegated Proof-of-Stake (DPoS) consensus algorithm which helps it to process and verify transactions instantly while helping dApps scale seamlessly.

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Interest lvl

Low

Updated: Jul 02, 2024

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User Rating

Highest

5/5 • 3 votes

Ticker

BCX

Type

Utility-token

Registration countryUnited States

Registration year2021

What is BlockX

BlockX Network is a Layer 1 Blockchain that offers multi-chain operability, an off-chain oracle infrastructure, and enables sovereign digital identity for the next-gen of Web3.

The BlockX ecosystem is built to utilize the Delegated Proof-of-Stake (DPoS) consensus algorithm which helps it to process and verify transactions instantly while helping dApps scale seamlessly.

Additionally, BlockX can be deployed by organizations in the traditional financial sector looking to transition to the blockchain. The list of these sectors includes - banks, exchanges, trade finance, CBDC, stock, bond, loans, funds, and real estate.

BlockX makes it possible for dApp developers to deploy their smart contracts to the BlockX network as it is EVM-compatible. This provides them with the benefits of a fast-finality on a Delegated-Proof-of-Stake (DPoS) chain.

BlockX is set to become an ecosystem that incentivizes developers to build scalable and cost-efficient dApps using EVMs like Ethereum, Matic, Solana, Binance Smart Chain, and more.

It is an interoperable blockchain with an EVM set at the very core so that Smart Contracts can be deployed, as well as some of the existing dApps.

BlockX works to produce one of the most compatible systems in Web3 today. Therefore, the following features are essential to be built in order to maximize usability across the many sub-sectors of blockchain:

• An infrastructure built with Metaverse adoption and scalability in mind
• Tokenization of traditional assets like stocks, bonds, using the Tokenizer digital banking product
• Self-sovereign digital identity solutions
• High rewards for Validators & Node Operators from transaction fees
• Off-chain data integration for mapping and data management with Oracles
• Horizontally scalable using IBC
• Multi-chain token issuance and settlements