Layer One X: Revolutionary Layer One Solution to Connect Blockchains

The crypto world has been searching for a solution to the problem of interoperability for years. The lack of interoperability between blockchains is one of the key limitations for the widespread adoption of decentralized ledger technology. This has resulted in slow, insecure and costly cross-chain transactions, which hinders the growth of the crypto industry and the inability to send data and values from one chain to the other.

Currently, many projects struggle with the limitations of working on one blockchain, leading to the use of blockchain bridges which raise security and transaction cost concerns increasing the risk of hacks and exploits. Bridges also limit the ability to send values and data and are only focussed on tokens.

To solve this growing problem, Layer One X has developed Decentralized Interoperability, a technology that enables EVM and Non-EVM blockchains to communicate without the need for a centralized intermediary. The layer-1 technology is secure and fast, allowing projects and developers to transfer information without worrying about unnecessary exposure to risk.

Layer One X’s Virtual Machine (L1X VM) is compatible with the Ethereum Virtual Machine (EVM) and operates with a single consensus mechanism, making it easier for projects to build on the platform. Layer One X’s innovation offers a truly decentralized solution for those looking to build web3 services on the blockchain. The L1X Blockchain system allows for token, data and value transfer across chains with the ability to have its information shared validated on a decentralized consensus.

Decentralized Interoperability has up until now not been achieved at the layer1 level so the solution to date for interoperability was to use bridges, which relied on centralized players and the need for trust in a central point of failure. Layer-1 decentralized interoperability means the elimination of bridges when moving assets between blockchains.  The result is faster, safer, and more affordable transfers.  DeFi platforms can now remove constraints and limits in their projects, with fast, cheap, and secure asset transfers across chains. Other example include NFT interoperability where you can be rewarded with NFT’s on Polygon and reap the rewards of it on Avalanche for example Loans.

Layer One X: Uniting Blockchains

The core capability of L1X is to unite all blockchains and unlock their full potential, providing decentralized multichain interoperability that is accessible to all. The goal of L1X is to collaborate with other blockchains, not compete against them. This opens new opportunities for developers to build secure and scalable decentralized applications (dApps) that work across multiple chains.

L1X addresses the four aspects of the “Blockchain Quartet”: Interoperability, Decentralization, Scalability, and Security. It aims to connect the chains that represent over 80% of the TVL on blockchains, including popular chains such as Ethereum, Binance, AVAX, MATIC, Fantom, Arbitrum, Optimism, and soon Solana. This opens up access to multiple chains for developers, simplifying the process of building dApps.

Scalable and Fast:

L1X is designed for scalability and speed, with the goal of reaching 100,000 TPS with under 500ms block creation. This speed enables mass adoption, and the unique hybrid consensus mechanism ensures fast confirmation and higher throughput. L1X also aims to put the world’s 8.6 billion smart devices to work for micro-validation, making it more accessible and connected.

Building the Next-Gen dApps:

Layer One X is built to create the next leap forward in dApp development. Many projects are already building on L1X, including Wyde, HealthLink, IRREX, NFT Marketplace, and BeX Finance. L1X is projected to launch day one with more than 1 million users and offers $5 million in grants for web3 projects and developers building on their network.

Decentralized interoperability from a layer1 opens new opportunities for dApp development and financial services for all. With fast speed, low fees, and security, L1X is connecting, not competing, with other blockchains, bringing blockchain technology to everyone.

Invest in Private Sale Round – Closing Soon

Layer One X is currently in a private sale round with the vision to allow all forms of investors an equal opportunity to participate in the round, which you can access here: https://l1x.foundation/invest/buy-l1x.

Discord: discord.gg/LayerOneX
Twitter: @LayerOneX