XELIS is a layer-1 blockchain utilizing BlockDAG, homomorphic encryption, and zero-knowledge proofs to enhance privacy, scalability, and transaction speed. More
| Fully Diluted Valuation | $4.96M |
|---|---|
| 24H Trading Volume | $51,376 |
| 24H Low / High | $1.33 / $ 1.41 |
| Circulating Supply | 3.68M |
| Total Supply | 3.68M |
| Max Supply | 18.40M |
| Categories | Privacy 3 more |
|---|---|
| Founder | Anonymous |
| Website | docs.xelis.io Whitepaper 1 more |
| Socials | 7 more |
| Explorer | Xelis |
| Name | Pair | OG Score |
|---|
XELIS is a cutting-edge layer-1 blockchain designed to enhance scalability, security, and privacy using innovative technologies. It uses a BlockDAG (Directed Acyclic Graph) structure, which allows multiple chains to merge, speeding up transaction confirmations and reducing orphaned blocks.
Privacy and Security Features
XELIS prioritizes user privacy by incorporating advanced cryptographic techniques like homomorphic encryption and zero-knowledge proofs. These ensure that transaction amounts and balances are fully encrypted, meaning only the owner can view them.
Efficient Account Model
Unlike Bitcoin's UTXO model, XELIS uses an account-based model, making transactions faster, smaller, and more private. This model also supports a fast-sync feature, allowing users to download only the latest state of the chain instead of its entire history.
Future-Proof with Smart Contracts
Though XELIS doesn’t currently support smart contracts, there are plans to integrate them, creating a decentralized platform for dApps (decentralized applications). Additionally, XELIS aims to introduce confidential assets—tokens with the same privacy features as the native XEL cryptocurrency.
Decentralized Mining and Funding
The network uses a decentralized proof-of-work (PoW) algorithm that encourages miners to participate using CPUs and GPUs. XELIS is community-driven and has a developer fee that decreases over time, with the funds being used to support and grow the blockchain ecosystem.
Conclusion
XELIS aims to solve key blockchain challenges like scalability, privacy, and ease of use, positioning itself as a secure, efficient, and future-ready platform for both developers and users.
XELIS stands out with its use of BlockDAG, homomorphic encryption, and zero-knowledge proofs, offering enhanced scalability, privacy, and transaction speed. The platform also features an account model for faster processing and plans for smart contracts and decentralized applications.
XELIS is a community-driven project without a single founder or company backing it. Development is led by a decentralized team of contributors committed to its growth.
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