The Soarx Blockchain

Network Overview and Key Metrics

Soarx is the decentralized EVM-compatible public blockchain that powers the Soarx platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of Soarx.

The Soarx blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. The consensus is secured by a significant number of independent validators, only one of which is run by the Soarx core team.

Validators are also responsible for the most important type of governance on Soarx, namely, adopting the network protocol changes via Soarx Improvement Proposals (FIPs).

The native token of the network is called SOARX. New SOARX tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.

The Soarx blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Soarx is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.

In its present capacity, the Soarx blockchain is capable of processing around 120 native token transfers and 60 SOARX20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.