One of the oldest decentralized physical network infrastructure projects, Xyo has announced the launch of a public beta for its native Layer-1 blockchain. XYO is moving out of the Layer 2 Ethereum (ETH) ecosystem and previously operated on a dedicated Layer 1 blockchain designed to improve the network’s ability to process large amounts of real-time data with high throughput and low latency.
Xyo’s Layer-1 blockchain introduces a new consensus mechanism called Proof of Perfect. This system allows distributed nodes to identify the correct chain and add blocks to chain hints that are algorithmically ranked based on “perfection” and evaluate the effectiveness, modernity, and protocol alignment of each chip. This method improves efficiency without using an energy-intensive consensus model and eliminates the need to handle a complete chain history.
Xyo has also announced the new utility token XL1. While XYO tokens continue to provide governance and staking capabilities, XL1 will address network operational needs, including running transactions and smart contracts, prioritized fees, basic rewards for active network participants and payment of gas fees. This structure is designed to balance long-term governance with real-time operational efficiency, providing tailored incentives for both token holders and active network participants.
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