What is the Vexanium Blockchain: Mechanism, Key Features and Advantages?

Bittime - Vexanium is a next generation public blockchain platform. So, what is the Vexanium blockchain? Keep following this article to find out the answer.

Please note, Vexanium offers high transaction speeds, low fees, and various advanced features that are suitable for the development of decentralized applications (DApps), DeFi, and NFTs. 

With a focus on efficiency and ease of use, Vexanium is an attractive solution, especially for users and developers in Indonesia and Southeast Asia. So, what makes Vexanium different from other blockchains? Read the full explanation below.

What is the Vexanium Blockchain?

Source: Bisnis Muda

Vexanium is a platform blockchain publik open-source which is designed to support various smart contract-based applications. 

With a consensus mechanism Delegated Proof of Stake (DPoS), this blockchain is capable of handling thousands of transactions per second at very low costs or even free in some cases. 

Vexanium's main goal is to provide a more efficient and accessible blockchain ecosystem for users and developers.

Read also: NodeShift: Definition, Functions and Tokenomics

Mechanism of How the Vexanium Blockchain Works

As a blockchain that adopts a mechanism Delegated Proof of Stake (DPoS), Vexanium relies number of validators or a block producer chosen by the token holder. This model allows:

• Higher transaction speed compared blockchain with Proof of Work (PoW) consensus.

• Lower transaction fees, it can even be free in some usage scenarios.

• Better energy efficiency compared to PoW blockchains like Bitcoin.

Additionally, Vexanium allows developers to build and run smart contracts easily using programming languages C++ and Solidity (on VEXEVM). 

This makes it flexible and friendly for developers already familiar with the language.

Key Features of Vexanium Blockchain

Source: Vexanium

Vexanium has a number of excellent features that make it attractive to developers and users, including:

1. Konsensus Delegated Proof of Stake (DPoS)

• Enables faster and more energy efficient transactions than traditional PoW or Proof of Stake (PoS).

• Users can choose validators to secure the network, giving more control to the community.

2. High Scalability

• Able to handle thousands of transactions per second (TPS), much faster than Ethereum which is only around 15 TPS.

• It does not require a Layer 2 solution to increase its scalability.

3. Low Transaction Fees

• Transaction fees on Vexanium are very low or even free in some cases, making it more competitive compared to other blockchains.

4. Support for NFTs and DeFi

• Vexanium provides an ecosystem that allows developers to create and manage NFTs and DeFi applications easily and efficiently.

Read also: Lazarus Group: The Mastermind Behind the Biggest Crypto Hack

What Are VEX Tokens?

Source: Coinmarketcap

Token VEX is the native crypto asset of the Vexanium blockchain. The coin is used for various functions in the ecosystem, such as paying transaction fees, staking, and governance.

VEX Token Tokenomics 

Following is the tokenomics data of the VEX token:

• Circulating Supply: 733.642.300 VEX
• Total Supply: 1.008.772.305 VEX
• Max Supply: 1.008.772.305 VEX
• Market Cap: IDR 24.90 billion
• Fully Diluted Market Cap: IDR 34.10 billion

Advantages of the Vexanium Blockchain Compared to Other Blockchains

How does Vexanium compare to other major blockchains such as Ethereum and Solana? Here's the comparison:

Example of Using the Vexanium Blockchain

Vexanium has been used in various industrial sectors. The following is an example:

• Decentralized Applications (DApps): Developers can create blockchain-based applications without worrying about high gas fees.

• NFT and Gaming Ecosystem: Allows users to mint, buy, and sell NFTs at low fees.

• Digital Identity dan Smart Contract: Used for voting systems, automated business contracts, and more.

• Blockchain Solutions for Enterprises: Starting to be adopted by companies for supply chain management and digital certification.

The Future of the Vexanium Blockchain

There are several Vexanium k planse front. The following is a plan that you should know:

• Improving the DApps, DeFi and NFT ecosystem.

• Developing Layer 2 solutions and integration with Metaverse/Web3.

• Expand collaboration with companies and institutions to encourage the adoption of blockchain technology.

Read also: How to Test MyShell Testnet: A Binance Campaigned Project!

Conclusion

Vexanium is a public blockchain that offers fast transactions, low fees, and broad support for smart contract-based application development. 

With various superior features and advantages compared to other blockchains, Vexanium has the potential to be an ideal solution for developers and users who are looking for an efficient alternative in the blockchain world. So, are you interested in this blockchain?

FAQ

1. What is the Vexanium blockchain? 

Vexanium Blockchain is a DPoS-based public blockchain platform that supports the development of DApps, NFTs, and DeFi at low costs and high speed.

2. What are the main advantages of Vexanium over Ethereum? 

Vexanium has higher transaction speeds, lower fees, and better scalability than Ethereum.

3. How to get VEX tokens? 

VEX tokens can be purchased on various crypto exchanges that support it or through the Vexanium ecosystem and staking program.

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Reference 

Bitget, What is Vexanium (VEX)?, accessed March 6, 2025.

Vexanium, The Next Generation Blockchain For Mass Adoption, accessed March 6, 2025.

Author: Y