{"data":{"id":35427,"name":"Layer One X","symbol":"L1X","slug":"layer-one-x","category":"token","description":"What Is Layer One X (L1X)?\r\n\r\nLayer One X (L1X) is a fourth-generation decentralized platform designed to make interoperability between blockchains seamless and efficient. It allows developers to create new multi-chain applications or extend existing ones with cross-chain capabilities. It provides interoperability across evm and altvm networks. \r\n\r\nThe network operates on a unique Proof-of-X consensus mechanism, ensuring security through staking while maintaining decentralization. L1X is supported by two types of nodes:\r\n\t- Full Validator Nodes (FVNs): Responsible for securing the blockchain’s state.\r\n\t- X-Talk Nodes: Handle cross-chain communication, enabling scalable and efficient multi-chain applications. It also features an inbuilt Oracle system. \r\n\r\nDevelopers have the flexibility to build on L1X using its high-performance Rust-based Virtual Machine with its proprietary compiler for WASM to eBPF for speed and efficiency. Alternatively, they can use Solidity, as L1X is fully EVM-compatible, making it easy to deploy applications across multiple blockchains.\r\n\r\n\r\nWhat Is the L1X Token Used For?\r\n\r\nThe L1X token drives the ecosystem with diverse utilities, including:\r\n\t- Transaction Fees: Used for cross-chain swaps and network transactions.\r\n\t- Node NFTs: Enables the purchase of Node NFTs for hosting network nodes.\r\n\t- Staking and Validation: Supports network security and validation through staking.\r\n\t- Governance: Facilitates voting on protocol upgrades and resource allocation.\r\n\t- NFT Tier Purchases: Earns points through network interactions via tiered NFT systems.\r\n\t- Liquidity Provision: Powers liquidity pools on DEXs to support trading pairs.\r\n\r\nL1X Tools and Features\r\n\r\n\t- L1X CLI: Command-line tool for compiling, deploying contracts, and managing blockchain interactions directly from local environments.\r\n\t- L1X VM Contract Builder (Cargo Templates): Ready-to-use templates for creating WASM-based smart contracts with LLVM IR to eBPF compatibility.\r\n\t- L1X SDK: Comprehensive developer toolkit, including templates, wallet management, and blockchain interaction tools for Rust.\r\n\t- L1X Wallet SDK: Streamlined wallet and account management tool for developers building dApps on the L1X network for Typescript\r\n\t- X-Talk: Bridgeless cross-chain interoperability for real-time communication and transaction atomicity across multiple chains.\r\nL1X EVM Support: Compatibility with EVM-based tools like Hardhat, enabling Solidity contracts to run natively.","dateAdded":"2025-01-23T10:17:30.000Z","actualTimeStart":"2025-01-22T10:00:00.000Z","status":"active","isBn":0,"subStatus":"normal","notice":"","alertType":2,"alertLink":"","latestUpdateTime":"2026-09-22T22:16:00.000Z","watchCount":"976","watchListRanking":4410,"dateLaunched":"2025-01-29T00:00:00.000Z","latestAdded":false,"tags":[{"slug":"ethereum-ecosystem","name":"Ethereum 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