In a groundbreaking move, the Rexx Ecosystem has introduced the Rexx Network Blockchain, positioning itself as the native blockchain dedicated to creating a unique Web3 ecosystem. This innovative blockchain project aims to foster decentralized applications (Dapps) across various industries such as online gaming, news, payments, supply chain, and more.
Layer 2 Blockchain with Impressive Features
Rexx Network stands out as a Layer 2 public blockchain platform, promising remarkable transaction speed and minimal processing fees. Developed in Solidity, Rexx empowers developers to construct highly secure and fast Dapps for diverse purposes using EVM-compatible tools like Metamask, Truffle, or Remix. The platform’s compatibility with the Ethereum Virtual Machine (EVM) ensures access to essential tools and features, facilitating the development of next-generation decentralized applications.
Key Features of Rexx Network
Launched on February 17, 2024, the Rexx Network boasts features that set it apart, including high transaction speed, low costs, and unparalleled security. With an impressive transaction speed of 4500 transactions per second on the development network and a transaction fee of approximately $0.00061, Rexx Network aims to redefine the standards for blockchain platforms.
Live Components and Testnet Launch
Several components of the Rexx Network are now live and accessible to users. The Rexx Testnet, available at https://explorer-testnet.rexxnetwork.com, enables developers to test the capabilities of the network, with an average block time of 15 seconds. The Rexx Coin Faucet, another live component, allows users to acquire free REXX coins by providing their wallet address and completing the necessary steps. Additionally, the Rexx Network Bridge has been launched, facilitating the seamless swapping of compatible tokens and digital assets between different blockchains, promoting interoperability.
Phased Launch Approach
The Rexx Network is undergoing a phased launch, starting with Rexx 1.0, which has already been launched. This phase involves developing the foundational aspects of the Rexx Network. The subsequent phases, Rexx 2.0 and Rexx 3.0, will focus on improving user experience, performance, and network capabilities, as well as fostering an ecosystem of multiple rollups.
Rexx’s Mission to Revolutionize Centralized Systems
Built on the Ethereum blockchain, the Rexx Network (Rexx 1.0) prioritizes cutting-edge security, low-cost transaction speeds, and powerful smart contracts. With features like EVM compatibility and economical blockchain transactions, Rexx aspires to revolutionize centralized systems, particularly in areas such as digital payments and supply chain management, by providing innovative blockchain solutions.
Top-Notch Security and Efficiency
Rexx Network upholds top-notch security, featuring authorized validators with verified identities and operating as a fully transparent public blockchain. With an emphasis on easy transaction verification, Rexx aims to provide a secure and efficient environment for developers and users alike.
As Rexx continues to evolve through its phased launches, the blockchain platform is positioned to play a pivotal role in shaping the future of decentralized applications and the broader Web3 ecosystem.