The Xvitesse Blockchain

Network Overview and Key Metrics

Xvitesse is the decentralized EVM-compatible public blockchain that powers the Xvitesse platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of Xvitesse.

The Xvitesse blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. The consensus is secured by a significant number of independent validators, only one of which is run by the Xvitesse core team.

Validators are also responsible for the most important type of governance on Xvitesse, namely, adopting the network protocol changes via Xvitesse Improvement Proposals.

The native token of the network is called XVI. New XVI tokens are issued with every added block and are also used to pay for gas, just like ETH on Ethereum.

The Xvitesse blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Xvitesse is around 12 seconds, and it currently at a negligible fee to get a transaction confirmed.

In its present capacity, the Xvitesse blockchain is capable of processing around 120 native token transfers and 60 XSC20 token transfers per second. The faster processing of native token transfers is because they do not involve computations run on the network's virtual machine.