BLX Announces Forking Event Introducing BLX Quantum (BLXq) With EVM Compatibility and Metamask Integration

September 19, 2023

Forking Scheduled for September 19, 2023, to Create BLX Quantum with EVM Compatibility and a New BLXq Coin

In an effort to expand its ecosystem and introduce new features, the BLOX or BLX blockchain has announced a Hard Fork scheduled for September 19, 2023. This strategic move will birth BLX Quantum (BLXq), the 4th iteration of the BLX blockchain. The Hard Fork introduces new algorithmic changes and features, including cross-chain/multichain and EVM (Ethereum Virtual Machine) compatibility, and is aimed at broadening network participation and use-cases.

Key Features of BLX Quantum (BLXq)

• Multichain and EVM Compatibility: BLXq is designed to interact seamlessly with other blockchains, including Ethereum, Solana, and Binance Smart Chain (BSC), thanks to its EVM compatibility.
• Metamask Wallet Compatibility: Users can now manage their BLXq assets using the widely adopted Metamask wallet, further simplifying asset management and transfers.
• New BLXq Coin: BLXq introduces a new native coin for transactions and a dedicated block explorer available at BLXq.org.
• Supply Generation: The new fork changes the supply dynamics, with BLX having an 84M supply and BLXq introducing a smaller, 10M supply.

BLXq as Gas Fee for All Transactions

To streamline operations and increase efficiency, all transactions on the new BLXq network will require BLXq as the gas fee, ensuring quick and cost-effective transactions.

BLXq and BLX Interoperability and Dependency

The new BLXq network offers a suite of new functionalities and a governance model that provides interoperability and dependency with the legacy BLX network:

• First Active BLX Prioritized Automatically to Serve as BLXq validators: The first 50 active nodes on the network will be automatically designated as validators for the BLXq blockchain, utilizing a Proof-of-Work (PoW) consensus algorithm.
• BLXq Validator Rewards: Validators will be rewarded through a Proof-of-Transaction (PoT) system, earning BLXq assets.
• Smart Contracts and Tokenization: BLXq assets will support a wide range of smart contract protocols, including NFTs, tokenization, and staking.
• EVM and dApp Compatibility: The smart contract protocols will be EVM-compatible, allowing for seamless dApp (Decentralized Applications) development using languages like Solidity.

This ambitious Hard Fork aims to evolve the BLX ecosystem by enabling a broader range of functionalities and ensuring future-proof scalability and interoperability.

For those interested in becoming part of this expanding ecosystem, mark your calendars for September 19, 2023, and prepare for the next chapter in the BLX blockchain saga.