Layer One X (L1X) is a blockchain project focused on developing faster, more secure, and more scalable Layer 1 infrastructure.
Key Features
1. Modular Architecture: Layer One X has a modular architecture that allows developers to choose components that suit their needs.
2. Proof of Stake (PoS) Consensus: LX1 uses the Proof of Stake (PoS) consensus algorithm which is more energy efficient and more secure than Proof of Work (PoW).
3. High Scalability: Layer One X can handle transactions at high speed and low cost, making it ideal for applications that require high scalability.
Future Prospects
1. Ecosystem Development: Layer One X plans to develop a broader ecosystem, including integration with DeFi and NFT projects.
2. Security Enhancement: LX1 plans to enhance security by implementing advanced security technologies, such as homomorphic encryption.
3. Application Development: Layer One X plans to develop applications that can run on the LX1 blockchain, including DeFi, NFT, and gaming applications.
Tokenomics
1. LX1 Token: LX1 Token is a utility token used to pay for transaction fees, staking, and governance within the Layer One X ecosystem.
2. Total Supply: The total supply of LX1 tokens is 1,000,000,000.
3. Circulating Supply: The circulating supply of LX1 tokens is around 200,000,000.
Thus, Layer One X has bright prospects to become one of the most popular Layer 1 blockchains in the future. However, it is important to remember that the crypto market is highly volatile and prone to unexpected changes.
More: https://l1xapp.com/l1x-foundation/l1x-MBJbWnxe