July 19, 2022
Such was the thinking behind the latest release of BLX, which upgrades from BLX 2.0 to BLX 3.0 and comes as part of the ongoing infrastructure build out and expansion. This change is not incremental, but exponential: The new version of BLX will transact a full 1,000% faster than its predecessor.
According to BLX co-founder, Jay Anonuevo, the team aims to make BLX 3.0 nearly synonymous with web3 around the world.
“A business is only as good as its blockchain. If your blockchain of choice is slow, expensive, and energy intensive, your users will only use it because they have to. We built BLX 3.0 with the goal of becoming a significantly better alternative: We can empower the speed, cost-efficiency, and eco-friendliness that all enterprises have been desperately waiting for,” said Anonuevo.
Although BLX 3.0 is several magnitudes faster than BLX 2.0 - and other global blockchains - it does not sacrifice security for speed. BLX 3.0 remains safer and simpler to use than ever before. In fact, new Java files will be released as part of BLX 3.0, improving the stability of mining while increasing the hash rate and difficulty.
Anonuevo feels that BLX 3.0 will be especially suited for certain industries integral to web3, especially those that are undergoing transformation. He pointed to the example of gaming in general and play-to-earn (P2E) in particular. The P2E industry is currently in flux, as game developers and guilds are searching for a model that is sustainable and profitable for all stakeholders.
In this kind of quickly changing environment, business leaders must act with agility when iterating their products, which is only possible with an equally fast blockchain.
“The speed of BLX 3.0 will enable rapid product development for P2E, gaming, and other cutting edge industries. By enabling developers and product managers to focus on their core product, rather than the speed, cost, or energy limitations of a blockchain, they get to concentrate on what they do best: innovation,” said Anonuevo.
In addition to its support for businesses, the BLX team plans to make BLX 3.0 the fastest decentralized exchange (DEX) and centralized exchange (CEX) in the world. The goal of such speed is usability: While many current blockchains are prohibitively difficult to use, owing to long confirmation times, BLX’s DEX and CEX will offer near instantaneous transactions. This ease of use will drive retail adoption far quicker than other global blockchains.
BLOX is a Decentralized Autonomous Organization or DAO) with the goal of democratizing cryptocurrency with its next generation DAOchain Technology. Its community-led organization shares common goals, from profitable investments to building impactful products with real-world applications — finance, governance, voting, education, fundraising, investment, art, global currency, and more. As an Algorithmically Managed Organization, stakeholders can participate in the growth, innovation, and evolution of its decentralized core.