Vexanium is Indonesias first public blockchain, building the next generation of blockchain for mass adoption. Leveraging the accessibility and universal applicability of blockchain technology, Vexanium aims to support the availability of DApps and drive retail penetration. The VEX platform assists businesses in creating their own marketing campaigns or distributing services through the platform, providing trusted e-commerce marketplace coupons and loyalty programs. The Vexanium token is the digital currency of the VEX platform, specifically designed for bridging the retail world and the crypto world.

Project Vision

We aspire to utilize our next-generation blockchain to facilitate accessible and applicable blockchain for mass adoption. Vexanium will become the platform supporting new blockchain companies in developing their smart contracts and decentralized applications (DApps).

Project Highlights

Scalability
Vexanium can accommodate over 2000 TPS (transactions per second), while most blockchain platforms can only handle 10 to 100 TPS.
Transaction Fees
Vexanium does not charge transaction fees, unlike most platforms that typically impose fees on every transaction users make.
Consensus
Vexanium will employ DPoS (Delegated Proof of Stake) consensus, meaning Vexanium will prioritize scalability and network performance by using block producers.
Programming Language
The Vexanium blockchain will utilize the C++ programming language, making it easier for programmers to create smart contracts on the Vexanium blockchain.
Anti-Theft and Anti-Freezing Features
By utilizing DPoS, the Vexanium blockchain will be able to update inappropriate or incorrect contract codes without involving hard forks.

VEX Blockchain Account Structure

Each user has one or more accounts on the Vexanium blockchain. VEX blockchain accounts are readable identifiers that are stored on the blockchain. They are required to push or transfer any transactions to the Vexanium blockchain (valid). This account also has permission configurations. VEX accounts consist of 12 characters, which can contain letters a-z and 1-5. These account names replace the long and cumbersome wallet addresses used in most other blockchains.  Furthermore, each VEX blockchain account has a unique permission configuration. Permissions can be viewed as requirements that must be met through transactions. A VEX account comes with 2 default permissions, namely:
Owner: indicates ownership of the account, needed to change the ownership of the account. It is best to keep the key for this permission secure as they do not need to do much within the Vexanium blockchain network.
Active: used for transferring funds (VEX coins or tokens under VEX), voting for Block Producers (voters), and making other advanced account changes.
In addition to the 2 default permissions, you can create new special permissions suitable for your needs. Each permission has one or more keys or account names associated with it. Each key associated with a permission in a VEX account has a certain weight, and each permission has a certain threshold that must be met for transactions requiring that permission to be accepted.

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