Xvitesse Overview: vision, strategy and platform components

Xvitesse is a new EVM-compatible blockchain designed to address specific challenges in the crypto space while leveraging the strengths of established blockchain technologies. With a focus on validator efficiency, stake-driven security, and optimized transaction processing, XSC introduces a unique set of consensus parameters tailored to enhance user and validator experiences.

The project was launched in 2024 by a team formerly involved in building the Xailes project aimed at increasing the adoption of blockchain.

The Problem

The crypto industry, while rapidly evolving, still faces significant challenges related to scalability, transaction costs, network congestion, and the accessibility of blockchain technologies for mainstream adoption and complex applications.

What the crypto industry still lacks

Despite advancements, the industry often struggles with:

• High transaction fees and slow confirmation times on congested networks.

• Barriers to entry for new validators due to high stake requirements or complex technical demands.

• Limited scalability options that hinder application performance and user experience.

How we go about it

Xvitesse addresses these issues through:

• Low Transaction Fees & Efficient Processing: A fixed transaction fee of 0.009 XVI and 12-second block times facilitate efficient, cost-effective transactions.

• Inclusive Validator Participation: By setting clear minimum and maximum stake limits (9,999 to 99,999 XVI) and allowing up to 1,999 validators, XSC ensures that more participants can secure the network and earn rewards.

• Sustainable Reward Mechanism: With a block reward of 0.00009 XVI, validators are incentivized to support the network over the long term, ensuring its security and stability.

Platform Components

The Xvitesse platform has three main components:

1) The Xvitesse blockchain. The EVM-compatible public blockchain is the decentralized, permissionless backbone of the Xvitesse platform and ecosystem. A Proof of Stake (PoS) system optimized for security, speed, and decentralization.

2) Validator System: Designed to be inclusive and rewarding, with a fixed cycle duration for approval and default validator fees set at 20%.

3) The open-source technology stack designed to help businesses and developers plug crypto payments into real-world use cases. This toolkit has been subsumed into the new Xvitesse API platform.

4) A set of reference decentralized finance (DeFi) products and tools. The goal of these is to pave the way for the initial adoption of the platform with the launch of decentralized exchanges like Uniswap on Xvitesse.