VXL Network releases a yellow paper to clarify advantages and key tech options of its “Block Lattice” platform
- From Block Lattice to Network-as-a-Service: Introducing VXL Network
- Self-learning blockchain for post-quantum period
Launched by a heavy-hitting group of cryptocurrency lovers, VXL Network platform proudly introduces its Block Lattice construction that empowers heterogeneous parallel chains with sensible contracts performance.
From Block Lattice to Network-as-a-Service: Introducing VXL Network
According to a yellow paper not too long ago launched by the VXL Network group, its product is ready to merge the advantages of a number of B2B ideas, together with the likes of Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a Service (SaaS). As such, it’s amongst the first Network-as-a-Service merchandise on fintech markets.
Besides “fintech-native features,” it additionally contains some devices for safe and attack-resistant information switch. VXL Network can be utilized by organizations and retail shoppers as a Virtual Private Network (VPN) supplier, bandwidth-on-demand vendor, customized routing service, multicast protocol, safety firewall, malefactor detection protocol, content material filtering module and antivirus device.
Unlike the majority of “old-fashioned” blockchains like Bitcoin, Ethereum and so forth, VXL Network adheres to a Block Lattice structure. Somehow much like Avalanche’s Subnets and Polygon’s Supernets, it permits the coexistence of parallel blockchains in a single protocol.
This paves the technique to a very new stage of scalability and interoperability that may be achieved by synchronous BFT ledgers of the first technology.
Self-learning blockchain for post-quantum period
The revolutionary AI-powered Delegated Proof-of-Vote (AIDPOV) consensus mechanism is the secret sauce behind VXL Network’s options. It might be run on quantum computer systems, permitting it to set new benchmarks by way of pace, safety, scalability, computational effectiveness and carbon neutrality.
Unlike Proof-of-Work (PoW) consensus, AIDPOV doesn’t assist mining operations; apart from eco-friendliness, it considerably lowers the barrier to entry for blockchain newbies.
VXL Network’s personal Quantum Virtual Machine (QVM) runs sensible contracts that make VXL Network appropriate for all types of dApps and DeFis. Also, the protocol is appropriate for on-chain referendums, elections and voting. This digital machine might be in comparison with Ethereum 2.0 by way of pace and scalability. Quantum Virtual Machine (QVM) is absolutely Turing-complete; it helps completely different programming languages reminiscent of Golang, C, Java and C++.
VXL Network’s design contains two forms of sensible contracts, particularly Token Smart Contract for brand spanking new token issuance in the blockchain’s ecosystem and the Asset Smart Contract for digital property that don’t register as tokens. Asset Smart Contracts can be utilized for the real-world utility of a blockchain know-how, reminiscent of in communication companies, transportation companies, IoT units and so forth.
Its balanced and complicated node design boasts inherent anti-centralization; it additionally permits for the existence of various token methods with out decreasing bandwidth or rising charges. As such, no entity might be highly effective sufficient to provoke a 51% assault towards the blockchain. VXL Network’s group signifies two forms of node ecosystem members: “rich nodes” and “middle class nodes.”
Different nodes enable community members with varied preliminary deposits to contribute to community well being as validators, “bookkeepers” and so forth. In future releases, the protocol may even be capable to assist sharding, i.e., splitting up the ecosystem into interconnected shards.