what's X1 Blockchain?

X1 Blockchain is a community-driven layer 1 blockchain designed for high scalability and performance in the cryptocurrency ecosystem. It leverages delegated proof-of-stake consensus to achieve 1-second finality, surpassing Ethereum's speed while maintaining EVM compatibility for seamless developer adoption. Key features include integration of XENBLOCKs for proof-of-work mining via the Xenium ($XNM) token, support for compressed inscriptions, and on-chain layer 2 acceleration technology to enhance transaction efficiency. The native token, XNT, serves as the gas for network fees and staking, with a total supply of 1 billion tokens featuring deflationary mechanisms like fee burns. X1 emphasizes fair participation through direct token distributions to validators and early contributors, avoiding interactive claim processes for security. It also supports community project grants and embraces innovations like Solidity-based minting factories for mined assets, fostering a robust DeFi and inscription ecosystem.

X1 Blockchain mainnet hits 1k validators; VERO PREDICTION MARKETS beta launches, users earn XNT.