About VerifiedX
VerifiedX (VFX) is an open-source decentralized universal Layer 1 blockchain and Bitcoin-specific sidechain designed for tokenized self-custody, on-chain storage, peer-to-peer lending, and commerce for both digital and physical assets. It combines Bitcoin's ethos with high-performance scalability and everyday usability.
"If Bitcoin is Cyber Manhattan, VerifiedX is the Statue of Liberty."
Network at a Glance
- Consensus: Proof of Assurance (PoA)
- Block Time: 10 seconds
- TPS: 25,000 – 30,000 (scales with validator growth)
- Supply: 200M fixed, fully circulated
- Effective Supply: 132.7M (less burns, lost keys, bans, and treasury of 67.3M)
- Governance: On-chain voting, one CPU one vote per validator
- Carbon Footprint: Carbon Neutral
All fees burn. No inflationary features. Completely deflationary asset.
Key Innovations
- VFX SwitchBlade Wallet: Multi-interface (CLI, GUI, Web) non-custodial wallet supporting VFX & BTC with tokenization, lending, vaulting, auctions, domain naming, and fiat on/off ramps.
- vBTC (Verified Bitcoin): First decentralized, self-custodial Bitcoin token with a 1:1 BTC peg, near-zero fees, instant settlement, and added on-chain utility.
- VFX Vaults: "Cold storage in a hot wallet" with 24-hour recovery, escrow, and self-destruct restore options.
Why Bitcoin?
Bitcoin is the tried, true, and battle-tested network for digital capital. With a finite supply, BTC is a store of value that is digital gold, perfected property, and a hedge that is borderless and permissionless. It is the solution to transforming capital from financial and physical assets to digital assets and reduces barriers for the unbanked.
But Bitcoin has limitations — slow confirmation times, high fees during congestion, limited on-chain utility, and self-custody challenges. VerifiedX addresses these by enabling tokenized commerce, DeFi, and secure self-custody while staying true to Bitcoin's original mission as sound, decentralized money.