Alvey Chain (WALV), first VR multiverse exchange. Introducing the world’s first Multiverse VR exchange, here’s what we can say about it.
Alvey Chain, value transfer between smart contracts on a distributed blockchain platform.
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Alvey Chain, the characteristics of this ecosystem:
Alvey Chain is a decentralized blockchain project built on Bitcoin’s UTXO model, with support for Ethereum Virtual Machine based smart contracts, and secured by a Proof of Stake (P.O.S) consensus.
In a century in which economic, scientific-technical, cultural and political circumstances advance more than ever, it is necessary to apply the use of technologies that facilitate their development, which is why Alvey proposes a blockchain technology infrastructure enabled for the development of Smart contracts and Dapps with a PoS consensus system that makes it highly competitive and secure without high energy cost. Blockchain-enabled smart contracts that employ proof-of-stake validation for transactions promise significant performance advantages over proof-of-work solutions. For wide adoption in the industry, other important requirements must also be met.
The blockchain of the Alvey BlockChain platform executes the SHA-256 cryptographic algorithm maintaining the UTXO model used by Satoshi Nakamoto in 2009 with the creation of bitcoin.
However it offers great changes and added values compared to blockchains such as bitcoin since It integrates a virtual machine (Ethereum EVM) with the difference that it runs a PoS consensus system, which makes it more efficient and scalable in the long term.
Owning a virtual machine makes possible the development of smart contracts (smart contracts) and Dapps, it consists of a programmed agreement between P2P peers or business-to-business B2B in which all the requirements and conditions are stipulated for the smart contract to be executed correctly, is to clarify and emphasize that a smart contract is only as smart as the person who programmed it.
Alvey Performance Advantage
One of Alvey’s main goals is to build a decentralized smart contract system based on UTXO with a proof-of-stake (PoS) consensus model  this means that the creator of the next block is chosen at random based on the wealth held in cryptocurrencies within their wallet and the maturity of the same, constantly rotating addresses to ensure decentralization and the participation of the entire network.
Therefore, blocks are usually built or minted rather than mined, there are block rewards in addition to transaction fees, and builders receive a percentage of “interest” on the amount of funds they bet. This allows the chain to achieve high levels of security without excessive energy consumption, since to participate as an applicable active node for staking it is enough to have a Raspberry-Pi, laptop or 64-bit desktop PC which do not have such a high consumption compared to Proof of Work string mining rigs.
By visiting the official website, you will understand what makes this blockchain a unique ecosystem.
Explore the wonderous forest of the Elves, filled with many great rewards. Nourish your thirst for magic! Traverse and participate in airdrops from our Dapps, collect NFTs and much more.
Here’s a growing ecosystem that’s fueling the next generation of Dapps. Whether it’s gaming, DeFi, Web3 or VR, our blockchain provides the best conditions for them to fully flourish.
For storing, staking and earning rewards. Safe, easy to use and with quick access to DApps and NFTs. Credit Card integration will provide secure and effortless access to your crypto and fiat currencies.