XYO, one of many oldest decentralized bodily community infrastructure initiatives, has introduced the launch of the general public beta of its native Layer-1 blockchain. XYO is shifting from the Layer-2 Ethereum (ETH) ecosystem the place it beforehand operated to a purpose-built Layer-1 blockchain designed to enhance the community’s potential to course of giant quantities of real-time information with excessive throughput and low latency.
XYO’s Layer-1 blockchain introduces a brand new consensus mechanism known as Proof of Excellent. This technique permits decentralized nodes to establish the proper chain to append a block to by algorithmically rating chain suggestions based mostly on their “perfectness,” evaluating every tip’s validity, recency, and protocol alignment. This technique eliminates the necessity to course of the complete chain historical past, enhancing effectivity with out using energy-intensive consensus fashions.
XYO additionally introduced a brand new utility token, XL1. The XYO token will proceed to serve governance and staking capabilities, whereas XL1 will serve the operational wants of the community, together with fee of base and fuel charges for transactions and good contract execution, precedence charges, and rewards for lively community individuals. This construction is designed to steadiness long-term governance with real-time operational effectivity, providing tailor-made incentives for each token holders and lively community individuals.
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