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Layer One X is a blockchain protocol that allows different blockchains to connect without intermediaries. It has a proprietary virtual machine (L1X VM) that is compatible with the Ethereum Virtual Machine. This helps it to connect with over 80% of the total value locked on decentralized finance protocols
History
The company was founded in 2020 by Kevin Coutinho.
In 2023, Layer One X developed the Decentralized Interoperability. This technology helps Ethereum Virtual Machine (EVM) and non-EVM blockchains to communicate without a centralized intermediary.
Layer One X delisted its token from platforms like Bitmart and LBank. Layer One X announced plans to relist its token at $0.15 in January 2025.
References
- "This layer 1 blockchain offers a unique decentralized interoperability solution". Cointelegraph. 2023-02-11. Retrieved 2025-01-22.
- "All You Need To Know About Kevin Coutinho, The Founder of Layer One X". usethebitcoin.com. 2025-01-13. Retrieved 2025-01-21.
- Peterson, Stan (2023-02-08). "Layer One X: Revolutionary Layer One Solution to Connect Blockchains". CoinGape. Retrieved 2025-01-21.
- "Layer One X Makes Crypto History: Is This the End of Bridges in Crypto?". Yahoo Finance. Archived from the original on 2023-06-23. Retrieved 2025-01-21.
- "Is Layer One X's Delisting and Relisting Plan Too Little, Too Late? | HackerNoon". hackernoon.com. Retrieved 2025-01-21.
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