Vexanium is the next generation blockchain for mass adoption, it is born to support decentralized applications (DApps), Decentralized Finance (Defi) usability, and retail penetration
Block Producers (BPs) are a decentralized entity (organization) usually consisting of a group, companies or organizations selected through the e-voting blockchain system in the DPoS Consensus that regulates Vexanium blockchain. The block producers task will produce new blocks in the Vexanium protocol blockchain and verifying various transactions that occur on the Vexanium protocol blockchain
After completing its ICO, VEX (Vexanium Coin) already listed in various big exchange in the world. Here is the list of exchange that Vexanium listed on: Exrates, BTC-Alpha, SistemKoin, BitINKA, Tokenomy, Indodax, IDAX, Coinone Indonesia and DigiFinex.
One of Vexanium ecosystems (VexGift) has been used in some industries in Indonesia such as KFC, Alfamart, GO-JEK and many more. Support in more than 35.000 retail across Indonesia.
Delegated Proof of Stakes (DPoS) is a consensus mechanism that regulates Vexanium blockchain where only the organization board (delegate/delegation) is selected through e-voting can verify the transactions,
Vexanium can accommodate more than 2000 TPS (transactions per second) while most blockchain platforms can only accommodate 10 to 100 TPS.
Vexanium does not charge transaction fees such as most platforms which usually require transaction fees in every transaction made by users. But, the users need to buy RAM, NET, and CPU in Vexanium blockchain first, before they can use the network.
Vexanium blockchain will use C++ programming language so the programmer will be easier to create a smart contract using Vexanium blockchain.
A financial tool to create open lending protocols issuance platforms and investing, prediction markets, exchanges and open marketplaces, and stablecoins.
These block producers have basic functions like a miner on the bitcoin blockchain (POW/Proof of Work) system but block producers have several additional functions and some new functions such as the Board of Representatives as a country that can regulate, direct the rules and give direction for the Vexanium blockchain.
VexGift is a blockchain-based application to distribute free vouchers and digital assets to the user. VexGift is the first ecosystem of Vexanium, a public blockchain that focuses on retail and marketing. Although this application is designed for cryptocurrency investors, non-crypto investors user still can use this application. VexGift has collaborated with many merchants, such as Amazon, KFC, GO-JEK, FlowerAdvisor and many more.
A decentralized application that runs using Vexanium smart contract on top of Vexanium blockchain. Users can use and create their own decentralized application using Vexanium blockchain. Vexanium plans to launch more than 100 DApps this year.
A digital wallet that runs on Vexanium blockchain. You can do several things in Vex Wallet, such as store VEX, transfer VEX, and buy or sell RAM, CPU, and NET to do transactions in Vexanium Blockchain. Vex Wallet allows users to manage their VEX and use all of the Vexanium decentralized applications using one platform.
A software application in the form of a website to check everything that is related to Vexanium blockchain. User can check VEX to USD live chart price, RAM price, blocks that have been created, block producers and many more. Besides that, you can also connect VEXPlorer with Vex Wallet to transfer VEX, buy, sell, or donate RAM, and vote for block producers in the VEX Browser.
As you know you can book your own wallet or username using VEX as a premium name like Singapore, Vietnam, Jakarta or any else and later you can sell through secondary name market
Digitalis is a digital media resources that mainly covering news and information about blockchain, cryptocurrency, and other financial technology-related topics. Digitalis is designed to help crypto investors, blockchain enthusiast, developers and many other users to know and learn more about those kinds of topics. Right now, its main language is Bahasa Indonesia to focus on educating and helping Indonesia markets to follow the trends about blockchain technology and anything that related to it.
Vexanium has successfully launched and finished its own ICO with a soft cap of 4.000 ETH and a hard cap of 20.000 ETH. Vexanium ICO raised about an astounding amount of 12.000 ETH with total money of $ 3.852.000 (1 ETH = $ 321) at that time, which is the 26th of June 2018. There are a total of 15 countries that participating to invest in Vexanium ICO, such as Singapore, Malaysia, Vietnam and many more.
Vexanium is the official member of Indonesia Blockchain Association (Asosiasi Blockchain Indonesia, ABI). The mission of the association is to promote positive and healthy adoption of blockchain in Indonesia. ABI primary activities are to promote education, safe & clear regulations and commercialization. The association plans to work with relevant parties such as financial regulators (BI, OJK, PPATK), KADIN, related ministries, financial technology association and law enforcement.
Blockchain is a decentralized ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. It is a secure and reliable system that allows data transaction between all kinds of institutions or individuals with the absence of a central authority.
Mainnet is the foundation for a blockchain-based company to maintain its company in a decentralized system. The launch of mainnet is important for a blockchain-based company to prove the company's capabilities, from only a project idea to a real problem-solving project that can be implemented in real life. A blockchain-based company that has its own mainnet can help a lot of blockchain project to realize their idea.
Vexanium allows new blockchain-based projects to conduct cryptocurrency (token) fundraising or commonly known as ICO (Initial Coin Offering) using smart contracts from Vexanium blockchain technology. In other words, Vexanium will help to make projects successful in realizing their idea. Vexanium would be a platform to support new blockchain companies to develop their projects in mainnet Vexanium.
Powered by techniques of cryptography, decentralized consensus, peer-to-peer network communication, the blockchain prevents data from being tampered with or deleted. In promo marketing, utilizing blockchain technology allows users to make sure the information of a voucher or coupon cannot be modified or deleted once being published on the blockchain, enhancing the trust in the market system.
VexGift has 5 main features, which is Gift Voucher, Token Airdrop, Token Sale, Deposit Program. and P2P Voucher Exchange
Delegated Proof of Stake eliminates the hash mining, means it is far cheaper than Proof of Work. Proof of Work requires expensive hardware and a lot of electricity, whereas in Proof of Stake and Delegated Proof of Stake, the cost for every validator is simply a solid and secure hardware infrastructure (without a need for a lot of computational power) means a very small cost for electricity.
At the beginning, for 2 to 3 months of the Vexanium public blockchain running, block producers will start from private entities from the core developer Vexanium itself and at around 2 to 3 months later, the blockchain Vexanium starts opens registration of Block producers, entities both organizations, consortiums, and companies can register through the form that will be provided by the Vexanium core developer. The e-voting blockchain for the selection of block producers will start as soon as there are Block Producers that registering themselves for Vexanium blockchain.
The requirement to register as a Block Producer candidate (BP Candidate) is to have 10,000,000-12,000,000 VEX, if at the time of registration you have more than the minimum registration requirement to become Block producers then you can get a bonus from the excess vex you have. In e-voting block producers process, all e-voting processes use VEX coins which will be staked so you can also unvote and change your vote options to other block producers
There are 21 active Block Producers that creates blocks in Vexanium blockchain, but it's possible for more than 21 Block Producers that are standby for producing new blocks in Vexanium blockchain (can hold up to 100-200 standby BP). The process of voting block producers runs continuously without stopping as long as the Vexanium blockchain runs, and active. Block Producers members can change every minute depends on the number of votes obtained
VEX token is the cryptocurrency terms that are used when Vexanium still resides on top of another blockchain. VEX coin is the cryptocurrency terms when Vexanium is already having an original protocol (its own blockchain technology) to its underlying codes, therefore conceiving an entirely new coin with a different set of features.
By using DPoS, Vexanium blockchain will be able to update contract codes that are inappropriate or the incorrect one without involving a hard fork.