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Get ready to say goodbye to blockchain limitations with Layer One X.
In a first crypto, Layer One X achieves fully decentralized cross-chain asset transfers, eliminating the need for a central party or intermediary.
Crypto History Made
Shifting assets between compatible blockchains is (relatively) easy. But the transfer between incompatible chains is a whole new story. Complex bridges, wrapped tokens, and CEXs are the normal way to go and neither is easy or reliable.
But on March 3, Layer One X marked a new chapter in blockchain history with its first transfer of assets between two incompatible blockchain networks. Layer One X successfully transferred tokens between Binance Smart Chain and Solana. Considering that BSC is compatible with EVM while Solana uses a completely different architecture and programming language, what Layer One X has done is a game changer, to say the least.
Transfers were made on a Layer One X testnet, but have demonstrated that reliable and defect-free movement is possible.
   
Opening Doors and Lowering Obstacles
The transfer is not just an achievement but changes the future of a decentralized economy. Cross-chain asset transfers mean people will be able to access services and products on other chains without needing to rely on exchanges or other parties to exchange assets. At the same time, individuals can receive or send payments even if the other party is not in their network.
For developers, it lowers the barrier to entry for their users. DEX, DeFi, GameFi and other services will be able to attract users from other networks – opening up revenue streams that were not possible before.
But most importantly, the blockchain industry will benefit from being fragmented into interoperable networks, interconnected with a safer, faster, cheaper, and more secure flow of assets.
Layer One X Official Limited Edition NFT Collection
Commemorating this achievement is Layer One X’s first official collection of NFTs. The collection symbolizes cross-chain success and marks it permanently in blockchain history.
The limited edition NFT collection consists of only 5000 unique tokens. NFT is available for L1X Premium Wallet owners. If you want to get a special NFT, you can do it by opening a Premium Wallet.
Interested users can get their hands on L1X, the native token of Layer One X. L1X is currently running its private sale round and the token will be used as a medium of payment and exchange after the Layer One X mainnet launches in August this year.
About Layer One X
The blockchain industry has always faced three problems of scalability, security and decentralization. nicknamed trilemmaseveral blockchain networks are working towards a sustainable solution for this.
But the Layer One X team understands that one important aspect is always overlooked: interoperability. With their revolutionary approach and out-of-the-box thinking, they have been able to solve all 4 problems together.
Layer One X founder Kevin Coutinho has coined the term Blockchain Quartet and Layer One X takes care of all 4 issues.
Layer One X is highly scalable, thanks to its use of the Rust programming language, which gives it a TPS of over 100,000 and nearly negligible transaction fees. The hybrid Proof-of-Participation and Proof-of-Stake consensus gives Layer One X unprecedented security. At the same time, using mobile devices as partial validation nodes means that Layer One X enables fast, high-quality deployment of nodes and validators for extreme decentralization.
The overall goal for Layer One X is not to compete with other blockchains but to finally give previously incompatible chains the ability to work together. This will bring increased flexibility and accessibility for users to access a wider range of applications, services and assets across various blockchain networks.
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