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XELIS (XEL) is a pioneering Layer-1 cryptocurrency introduced in 2024 that focuses on privacy and scalability. It leverages advanced technologies such as BlockDAG for 15-second blocks, homomorphic encryption for enhanced privacy, and smart contracts for programmable transactions. The project aims to provide a robust and secure financial ecosystem by using the Rust programming language, known for its memory safety.
XELIS employs homomorphic encryption, a cutting-edge privacy technique that allows data to be encrypted and processed without being decrypted, ensuring confidentiality. This, combined with the robust nature of the Rust programming language, ensures security in the underlying architecture of the XEL cryptocurrency, making transactions secure and private for users.
XELIS offers several key benefits, including advanced privacy features through homomorphic encryption, rapid transaction speeds facilitated by BlockDAG with 15-second blocks, and the flexibility of smart contracts. These features provide users with a secure, efficient, and programmable ecosystem, distinguishing XELIS from other similar Layer-1 cryptocurrencies.
Compared to other Layer-1 solutions, XELIS stands out with its focus on privacy, using homomorphic encryption, and its efficient transaction processing through BlockDAG technology. Its use of the Rust programming language also ensures robustness and memory safety. These enhancements make XELIS a formidable competitor in the Layer-1 crypto space, offering a unique blend of security, speed, and scalability.
XELIS tokens are actively traded on 4 to 5 markets, with a dynamic daily trading volume between $252,416.49 and $299,199.52. The total coin supply ranges between approximately 1.19 and 1.30 million, reflecting a well-traded cryptocurrency. For the most current information on where to trade, visit XELIS's official website at https://xelis.io.
If you experience issues while trading XELIS, first ensure that you're using a supported market and confirm that all platform protocols are correctly followed. For persistent issues, consult the help resources provided by the exchange or contact their support team. Additionally, check updates or announcements on the official XELIS website for any potential known issues or outages.
XELIS is an advanced Layer-1 blockchain initiative that aspires to redefine the norms of blockchain technology by integrating BlockDAG innovation with core components such as privacy, scalability, and smart contract capabilities. Its mission is to tackle the blockchain quadrilemma by introducing privacy as a fundamental fourth pillar alongside scalability, security, and decentralization. Key to its design is the BlockDAG architecture, which diverges from the traditional linear blockchain approach by enabling parallel block creation. This novel framework allows for heightened transaction throughput and improved network security, addressing common limitations in existing blockchain systems. By utilizing the Rust programming language, XELIS enhances memory safety and performance, laying a solid foundation for an efficient network infrastructure. Privacy is treated as a paramount concern, with sophisticated cryptographic solutions such as Homomorphic Encryption and Zero-Knowledge Proofs ensuring transaction confidentiality and integrity without sacrificing verifiability. These features render XELIS an attractive platform for privacy-focused financial transactions and digital asset mana...
XELIS is an advanced Layer-1 blockchain initiative that aspires to redefine the norms of blockchain technology by integrating BlockDAG innovation with core components such as privacy, scalability, and smart contract capabilities. Its mission is to tackle the blockchain quadrilemma by introducing privacy as a fundamental fourth pillar alongside scalability, security, and decentralization. Key to its design is the BlockDAG architecture, which diverges from the traditional linear blockchain approach by enabling parallel block creation. This novel framework allows for heightened transaction throughput and improved network security, addressing common limitations in existing blockchain systems. By utilizing the Rust programming language, XELIS enhances memory safety and performance, laying a solid foundation for an efficient network infrastructure. Privacy is treated as a paramount concern, with sophisticated cryptographic solutions such as Homomorphic Encryption and Zero-Knowledge Proofs ensuring transaction confidentiality and integrity without sacrificing verifiability. These features render XELIS an attractive platform for privacy-focused financial transactions and digital asset management. Additionally, the system supports smart contract functionality via the Xelis Virtual Machine (XVM), providing a robust environment for developing scalable decentralized applications. The introduction of an account-based model further streamlines transactional processes, replacing the erstwhile UTXO model for greater efficiency. XELIS employs a resilient consensus mechanism in the form of a CPU/GPU-centric Proof-of-Work algorithm, along with a Kalman Filter for adaptive difficulty adjustments to stabilize the network's hashrate. The platform's architectural choices aim to offer inclusive mining opportunities while resisting centralized mining hardware hegemony. The added functionality of confidential assets allows for the seamless creation and management of native tokens within the ecosystem, broadening application scopes across diverse sectors. With an emphasis on privacy, XELIS also provides encrypted peer-to-peer networking capabilities to minimize the potential for traffic analysis and surveillance. These facets, combined with strict transaction fees to prevent network abuse, contribute to a secure, user-centric environment primed for adoption in financial and technological arenas. In conclusion, XELIS stands as a formidable contender within the Web3 sphere, offering a promising pathway for the advancement of private, scalable decentralization.
