Vexanium, Indonesia's first public blockchain, is building the next generation of mass-adoption blockchain, leveraging the ease of access and pervasive utility of blockchain technology to support the usability and retail penetration of DApps. The VEX platform is designed to help businesses create their own marketing campaigns or distribute services through the platform, providing coupons and loyalty programs in trusted e-commerce marketplaces. The Vexanium token is the digital currency of the VEX platform, built for the connection between the retail world and the crypto world.

Project Vision

We want to use our next generation blockchain to enable mass adoption of blockchains that are accessible and applicable. Vexanium will be the platform that supports new blockchain companies to develop their smart contracts and decentralized applications (DApps).

Project Highlights

Scalability
Vexanium can accommodate more than 2000 TPS (transactions per second), while most blockchain platforms can only accommodate 10 to 100 TPS.
Transaction Fees
Vexanium does not charge transaction fees such as most platforms usually charge a transaction fee on each transaction made by the user.
Consensus
Vexanium will use DPoS (Delegated Proof of Stake) consensus, which means Vexanium will prioritize scalability and network performance by using block producers.
Programming Language
The Vexanium blockchain will use the C++ programming language, so it will be easier for programmers to create smart contracts using the Vexanium blockchain.
Theft and freeze protection
Using DPoS, the Vexanium blockchain will be able to update inappropriate or incorrect contract code without involving a hard fork.

VEX blockchain account structure

Each user has one or more accounts on the Vexanium blockchain. A VEX blockchain account is a readable identifier for storage.
On the blockchain, they are required to push or transfer any transaction (to be valid) to the Vexanium blockchain. This account also has permissions configured. VEX accounts contain 12 characters and can contain the letters az and 1-5. These account names replace the long and unwieldy wallet addresses used in most other blockchains.
In addition, each VEX blockchain account has a unique permission configuration. Permissions can be thought of as requirements that must be met to pass a transaction. The VEX account has 2 permissions by default, namely:
Owner: Indicates the ownership of the account, which needs to be changed. It's best to keep the keys for this permission safe, as they won't need to do much in the Vexanium blockchain network.
Active: For transferring funds (VEX Coins or Tokens under VEX), voting for Block Producers (voters) and making other advanced account changes.
Besides the 2 default permissions, you can also create new special permissions that suit your needs. Each license 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 certain thresholds that must be accepted in order to accept a transaction that requires permission.

*The above content is organized by YouToCoin official. If reprinted, please indicate the source.