Welcome to SlyVeX
A BlockDAG Technology
A BlockDAG Technology
SlyVeX’s blockDAG network generates multiple blocks every second for posting transactions to the ledger. Combined with fully confirmed transactions in 10 seconds, this makes SlyVeX ideal for everyday transactions.
SlyVeX was designed to be hundreds of times faster than Bitcoin, with each SlyVeX transaction visible to the network in one second, and each transaction fully confirmed in 10 seconds on average.
SlyVeX solves the scalability problem with its ability to generate and confirm multiple blocks per second. This comes with no trade-off to security and decentralization as seen with Proof-of-Stake networks.
SlyVeX utilizes kHeavyHash. This algorithm, combined with high-throughput DAG and no-wasted-blocks, makes it less energy intensive than other PoW networks.
SlyVeX harnesses an ultra secure block network with no compromise to decentralization. Achieved with pure, stake-less, proof-of-work combined with a revolutionary GhostDAG Consensus mechanism.
Overcoming the problem of blockchains, SlyVeX processes all blocks in parallel linking all side-chains. This leads to a DAG structure that increases the formation of blocks per second drastically, creating a blockDAG.
| Name | SlyVeX [SVX] |
| Average Block Time | 1 second |
| Maximum Supply | 28.7 billion SVX |
| Block Reward | 500 SVX |
| Block Dev Fee | 10% |
| Reward Reduction | Monthly |