Interoperability and scalability are currently the bottlenecks preventing mass adoption of blockchain technology. Development of an interoperable and scalable network that promotes a truly decentralised, permissionless and secure blockchain as well as one that enables micro validation is the main goal of this project. Layer-One.X, a truly decentralised ledger which utilises para-sharding, Directed Acyclic Graphs, Proof of Participation consensus mechanism, mobile computing, flash contracts and nucleus scripting is introduced in this paper. The conceptual framework including tokenomics is also explained along with a number of use cases. The framework facilitates the growing need of transaction per second enabling micro based payments and value transfer through tokenisation.
@article{arxiv.2110.01398,
title = {Enabling Blockchain Scalability and Interoperability with Mobile Computing through LayerOne.X},
author = {Kevin Coutinho and Ponnie Clark and Ferdinand Azis and Norman Lip and Josh Hunt},
journal= {arXiv preprint arXiv:2110.01398},
year = {2021}
}