XELIS XELPrice $ 1.91

XELIS is a layer1 blockchain that utilizes a BlockDAG (Directed Acyclic Graph) structure to enhance scalability, security, and transaction speed. BlockDAG allows for the merging of multiple chains, reducing the chances of orphaned blocks and enabling faster confirmations. The platform incorporates cryptographic techniques, such as homomorphic encryption and zero-knowledge proofs, to ensure the privacy of transactions and balances.

Additionally, XELIS is designed with an account model instead of a UTXO model, facilitating faster and more efficient processing. The platform's architecture is built with future scalability in mind, including plans for smart contract support and decentralized applications. Its commitment to privacy, scalability, and ease of use aims to create a robust environment for both users and developers.