Why BlockX Is An Ethereum Alternative For Metaverse, NFT And Decentralized Exchanges (DEX)
Starting point:
Recently, NEO and Metaverse have been stepping up their efforts to provide better user experience and security to the community. Now they are starting to act like Ethereum-based projects by building their own blockchains, dApps, and exchanges. If you're interested in making decentralized exchanges (DEX), but don't want to pay a high gas price when using NEO's main blockchain, BlockX is a good choice for you.
Brief idea about BlockX:
BlockX is a new blockchain platform which allows users to create, manage, and exchange tokens on the blockchain. Unlike NEO, BlockX will not require users to pay a high transaction fee for each transaction. The block size of BlockX is limited to 100KB per block.
Problem BlockX solves:
The biggest problem for many projects (including NEO) is that they cannot provide better security than Ethereum because they don't have a Turing complete smart contract language. This leads to the problem that the need for gas makes it difficult for all projects to be compatible with each other. However, in NEO's case, Ethereum compatibility has become possible through their GAS token, which can be used as a payment method between all compatible projects.
BlockX's Features:
The block size of BlockX is limited to 100KB per block. This means that the average transaction size will be much smaller than Ethereum's, which makes it more efficient for all transactions to occur in a short time. The current average transaction size on Ethereum is around 10KB per transaction, while NEO's average transaction is around 1KB per transaction.
BlockX has a very low gas price, and users can pay only with GAS (NEO token). This means that the users will not have to worry about high fees for each transaction and can pay only with GAS, which makes it easy for users who own NEO tokens to use the platform.
You can create and manage your own tokens in BlockX, and you can also transfer them from one account to another. You can also pay for transaction fees with your BlockX tokens.
BlockX supports all ERC20 compatible tokens. It uses smart contract technology to make it easy for token creators to build their own token, and users can exchange their ERC20 compatible tokens with other ERC20 compatible tokens after transferring them from one account to another.
The new blockchain will support cross-chain transactions between NEO and Ethereum blockchains by using the NEP-5 protocol (NEO's smart contract language). This means that you will be able to exchange your NEO or ETC tokens to other ERC20 compatible tokens without having to transfer them to another blockchain.
Why BlockX is good choice for you?
BlockX is a good choice for you because you can use NEO's main blockchain to store your data, and you can also use the main NEO blockchain to pay for transaction fees.
Final words:
So, finally , I want to give my final words to all of you. BlockX is a decentralized and open source blockchain, which means that it can be used in all kinds of different applications. It is a very secure, and also very fast blockchain. It is not limited by the block size, and does not have high fees for transaction processing like Ethereum does. You can use NEO's main blockchain for storing your data, and you can also use it to pay for transaction fees when you need to transfer ERC20 compatible tokens between accounts.
I hope that this article will help you make up your mind about whether or not to invest in BlockX!
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Official Information:
Website: https://www.blockxnet.com/
Whitepaper: https://drive.google.com/file/d/1xVamLpnMmqFF-2-Bya3UuHMKVsHno7w-/view
Telegram: https://t.me/blockxnetwork
Reddit: https://www.reddit.com/r/BlockX/
Medium: https://medium.com/blockxnet
Facebook: https://www.facebook.com/blockxnet
Twitter: https://twitter.com/BlockXnet
LinkedIn: https://www.linkedin.com/company/blockxnetwork/
Discord: https://discord.com/invite/b4GZURPMYw
Owner:
Forum Username: coinages
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Telegram Username: @coinages
BEP-20 Wallet Address: 0x019Ea615570803aD763D11e65F0D9ff412A633e1