About Volentix
VDex is an introduction of Volentix, the purpose for its design is to distribute decentralized digital asset exchange, the basic is to lay emphasis on user experience and community development and governance. VDex intends to facilitate peer-to-peer transaction by aligning a portfolio of decentralized applications which is built on the EOS.IO smart contracts, and by accessing established technologies and planning selective new protocol, security as their topmost priority, speed authentication, ease to use, scalability and multi-asset support.
The launch of VDex point is focused on merging Volentix's design and requirement to the availble technologies that are superimposed on the EOS.IO decentralized operating system.Volentix's intention is to test its assumptions by phototyping via custom EZEOS software, Volentix is built and customized with EOS.IO's close demands line tools. Users areiadvised to visit this site to get more information.
EOS.IO Platform Deployment
The following have been put into consideration following the importance to the deploying the VDex exchange on the EOS.IO platform
-Deploying a contract has a cost but also free to use
- Developers stake EOS.IO compliant tokens to deploy a smart contract
- The lost tokens are returned after the contract is deployed.
- Decentralized applications allocate memory,CPU, bandwidth, and other resources to their contracts.
- Multiple accountcan be designed to the same thread.
Blockchain Interaction
The blockchain interaction is spilted into two sections,they are:
- Inter-Blockchain Communication: The EOS.IO design is meant to make Inter-Blockchain Communication (IBC) proofs lightweight and easy. In case of insufficient capacity to process the IBC proofs and establishing validity, the blockchain has made an option available to default trusted oracles/escrows. Transaction based on the IBC proofs from the originating chain can signed/published via an escrow and an EOS.IO-based smart contract.
- Multi-Blockchain Information: Adequate and relying multi-blockchain information can be acquired by summing up blockchain timelines in parallel order ( with difference in thefrequency of change of state). This system can can bring about multi-blockchain load balancers, transfer states, draw data outputs from smart contracts, and foreign blockchain transaction execution. In order to optimize and confirm transactions, relative block distance, relative global state, and timestamped events are recorded on a global ledger, that's before they are actually take place on the native chain.
VTX Allocation
VTX Allocation 2.1 billion
Public 78%
455 million public treasury
800 million staking transaction
364 million public distribution
Contributors and facilitators 19%
156 million contributors
130 million prior work
130 million future work
Seed funding 3%
65 million
The Volentix Roadmap
Conclusion
The Volentix team has chosen to dedicate their work to the development of a program with the intention to empowerment and independence. The team beckons on member of the community who are willing to join forces with them, it doesn't matter your capacity, there is room for everyone, its a win-win thing since by joining the Volentix team the user becomes more eligible and enlightened on how the platform works and on the topics discussed on the whitepaper, they also are willing to share their ideas with the community.
Useful Links
Website : https://volentix.io/
Telegram : https://t.me/volentix
Twitter : https://twitter.com/Volentix
Whitepaper : https://s3.ca-central-1.amazonaws.com/volentix/VDexWhitePaper.pdf
Writers Details
Bounty0x Username Kingmykky