VXL Network releases yellow paper to explain the benefits and key technical features of its “Block Lattice” platform
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- From Block Lattice to Network-as-a-Service: Introducing VXL Networks
- Self-learning blockchain for the post-quantum era
Launched by a heavy-hitting team of cryptocurrency enthusiasts, the VXL Network platform proudly introduces its block lattice structure that empowers heterogeneous parallel chains with smart contract functionality.
From Block Lattice to Network-as-a-Service: Introducing VXL Networks
According to a recently released yellow paper VXL Network Team, its product is set to merge the benefits of multiple B2B concepts such as Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). As such, it is one of the first network-as-a-service products on the fintech markets.
In addition to “fintech-native features”, it also includes some tools for secure and attack-resistant data transfer. VXL Networks can be used by organizations and retail customers as a virtual private network (VPN) provider, bandwidth-on-demand vendor, custom routing service, multicast protocol, security firewall, mailfactor detection protocol, content filtering module, and antivirus tool. Is.
Unlike most “old-fashioned” blockchains such as Bitcoin, Ethereum, etc., the VXL network follows a block lattice architecture. Somehow similar to Avalanche’s subnet and Polygon’s supernet, it allows the coexistence of parallel blockchains in a single protocol.
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This paves the way for an entirely new level of scalability and interoperability that can be achieved by the first generation of synchronous BFT lasers.
Self-learning blockchain for the post-quantum era
The revolutionary AI-powered delegated proof-of-vote (AIDPoV) consensus mechanism is the secret sauce behind VXL Network’s solutions. It can be run on quantum computers, setting new standards in terms of speed, security, scalability, computational effectiveness and carbon neutrality.
Contrary to the Proof of Work (PoW) consensus, AIDPov does not support mining operations; In addition to being eco-friendly, it significantly lowers the barrier of entry for blockchain newbies.
VXL Networks runs its own Quantum Virtual Machine (QVM) smart contracts that make VXL Network suitable for all types of dApps and DeFis. In addition, the protocol is suitable for on-chain referendums, elections and voting. This virtual machine can be compared with Ethereum 2.0 in terms of speed and scalability. The Quantum Virtual Machine (QVM) is completely Turing-complete; It supports various programming languages such as Golang, C, Java and C++.
The design of VXL Network includes two types of smart contracts, namely token smart contracts for issuing new tokens in the blockchain ecosystem and asset smart contracts for digital assets that are not registered as tokens. Asset smart contracts can be used for real-world application of blockchain technology, such as in communication services, transportation services, IoT devices, etc.
Its balanced and sophisticated node design has inherent anti-centralization; This allows for the existence of different token systems without reducing bandwidth or increasing fees. Therefore, no entity can be powerful enough to carry out a 51% attack on the blockchain. The team at VXL Networks points to two types of node ecosystem participants: “rich nodes” and “middle class nodes.”
Different nodes allow network participants to contribute to the network health as validators, “bookkeepers”, etc. with different initial deposits. In future releases, the protocol will also be able to support sharding, that is, splitting the ecosystem into interconnected pieces.
