AXT Chain

Decentralised Network

What is AXT Chain?

Set to be launched in 2024, the AXT Chain is an Ethereum-based decentralized public chain for high-performance trading applications such as decentralized exchanges (DEXs) and decentralised applications (DApps). The platform is designed for maintaining system balance, thereby resolving scalability problems with existing chains and making it easier to develop complex decentralized applications.

We aim to improve the user experience by lowering the threshold for the landing and development of decentralized apps, while at the same time providing public community users with a more convenient, faster, and lower-cost blockchain experience. By making AXT Chain compatible with Ethereum and ERC20 smart contracts, these offers extremely low migration costs for projects from other networks.

How AXT Chain Works?

Similarly to OKExChain, the AXT Chain will be built with Cosmos SDK. The Cosmos-SDK is an open-source framework for building multi-asset public Proof-of-Stake (PoS) blockchains as well as permissioned Proof-Of-Authority (PoA) blockchains.

At AXT Chain, we will implement the Proof of Staked Authority (PoSA) consensus mechanism. The block confirmation period will also be reduced to 3 seconds to improve the processing power and performance on the chain.

The AXT Token (AXT) is the governance token of the AXT Chain and will be used to cover for transaction fees made on the AXT Chain. The token is also used for governance, voting and the security of the AXT Chain.

Objective of AXT Chain

The main objective of AXT Chain is to solve problems such as low performance (scalability) and high transaction fees. In order to provide public community users with faster, more convenient and low-cost experiences, the AXT Chain is developed to feature high throughput, low latency, low transaction cost, and satisfactory security and stability.

We believe that blockchain technology will accelerate the flow of value around the globe. We take it as our mission and will make great efforts to achieve it for the future. AXT Chain represents a key step towards decentralization beyond the integration of open-source blockchain communities.

In a nutshell, the AXT Chain offers users high scalability and low transaction fees and due to its EVM compatibility it is an excellent alternative for exchange-chains such as OKExChain, the Binance Smart Chain or HECO-blockchain. We welcome the community members and enthusiasts of the blockchain world to hold hands and promote the development of AXT Chain and blockchain technology.