Launching the new vDex Node

What’s inside the vDex Node?

What is a Volentix Oracle:

An oracle script constantly feeding an EOS contract with the Ethereum VTX balance, account name, timestamp, and block info.

Which chains do the vDex nodes work with?

This version of the node works with these 3 blockchains (Bitcoin, Ethereum, and EOS)

What is a Volentix Node?

The Volentix Node AKA vDex Node, is a docker network using a .yml file for configuration.

How does voting work?

How does the distribution work?

How does signing a contract happen?

The signing of transactions is done by using your private key which prints a digital signature to the transaction which can be mapped to your corresponding public key. Signing a transaction proves that the transaction in question was originated and authorized by that particular account.

How do you register to become a node?

To become a delegate only requires you to run a few commands from your machine. However, one can always procure more hardware that scales up the network and builds community trust.

In the case of the vDex node, one needs to vote daily as a minimum requirement.

What does an EOS contract constitute of and how does that help?

3. Token: VTX is the native utility token of the Volentix ecosystem.

4. Pools: Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity.

5. Gateway: The vDex gateway allows the transfer of BTC & ETH into EOS. More chains like Polkadot and Cosmos are being integrated.

Conditions

https://www.youtube.com/c/volentix

https://twitter.com/volentix

Volentix is envisioned to be a community-powered decentralized autonomous organization (DAO).