What is a Vex Wallet? – Complete Guide to Vexanium Blockchain Wallet

What is a Vex Wallet? – Complete Guide to Vexanium Blockchain Wallet

Launched by Vexanium Foundation, a non-profit organization, Vexanium blockchain network  provides the next generation blockchain with an open-source blockchain protocol for developers to create smart contracts and decentralized applications (Dapps) on top of its network. A blockchain network itself definitely needs a wallet to be able to help users to use the ecosystem. So, this is where Vex Wallet comes in, which is a wallet made by Vexanium’s core developers. Vex Wallet is a Decentralized Wallet that runs on the Vexanium blockchain where all assets and user accounts are the responsibility of the user itself and no one party has user access other than yourself.

To be more complete and clear about Vex Wallet will be discussed further in this article.

Blockchain Wallet – Not Just a Crypto Wallet

There is an example of a wallet that only acts as a crypto wallet, which is it can only store, send, and receive crypto. But the blockchain wallet features a lot more than that. Being one of the many from the Vexanium ecosystem, Vex Wallet, is a digital blockchain wallet to store digital assets that are on the Vexanium blockchain network. In addition, there are other blockchain wallet technologies that have been integrated with Vexanium blockchain technology to hold VEX coins – Vexanium utilized cryptocurrency – it’s called the AToken Wallet. VEX coins are cheaper with similar features like Ethereum, but with a smaller market coverage. You could say, 10,000 times smaller than its predecessor.

Vexanium blockchain as its main focus, Vex Wallet role is not just a crypto wallet. They are more than that:

  1. Vex Explorer
  2. DApp Browser
  3. VYNDAO DeFi
  4. Vexswap
  5. Trusti
  6. Baso Finance
  7. NFT Explorer

Main Functions

Store VEX Coins and Tokens

To keep your coins or tokens safe, using Vex Wallet as a way to keep your cryptocurrency by storing them. Vex Wallet as a blockchain wallet can keep your assets secure because it’s only you who can access your own account. 

Send and Receive Tokens

Vex Wallet can be used to send and receive VEX-based coins or tokens to and from fellow users who have Vex accounts. This is how to send and receive tokens:

Send Tokens

Receive Tokens

Use all Vexanium Dapps

Through Vex Wallet, this is a possible task to do to use all the applications in the Vexanium blockchain ecosystem with decentralized based applications. Decentralized application is a term for applications that are built with technology called smart contracts on decentralized networks such as blockchain. The advantage of decentralized applications compared to centralized applications is that they are safe, efficient, and have protocols without trust.

Features

Speed up to 5000 TPS

Vexanium can accommodate up to 5000 TPS (transactions per second) while most blockchain platforms can only accommodate 10-100 TPS. This can be counted as fast transaction or also known as scalability. In short, it will only take less than a minute for users to send and receive digital assets.

No Fee Transactions

The specialty of this Vex Wallet is that it doesn’t incur transaction fees such as most platforms which usually require transaction fees in every transaction made by users on each transaction or every action created in the network. However, because of the resource fee model users just need to purchase NET, CPU, and RAM. So users just need to stake some VEX to rent bandwidth on the Vexanium blockchain, which can be released back again if they want to.

One Stop Application

The decentralized nature makes it possible for all users or application developers to create decentralized applications on Vexanium blockchain technology through Vex Wallet. Application developers can create various types of applications according to the needs of the developer, such as financial applications, games, social media and so forth.

How to Download and Create Vex Account

How to download and create a Vex account through MAC & Windows and mobile devices can be read below:

MAC & Windows

Mobile device

App Interface

The picture below is showcasing the Vex Wallet interface.

Wallet Name

Intended to be the name of your wallet and appear on the homepage (just like if you buy a new cell phone or have bluetooth, that’s become the name of your gadget). 

Total Assets Value

To show the total value of assets in your vex account in USD (can be made visible or censored if you press the eye button).

Send Tokens

To send VEX-based coins or tokens to fellow users who have Vex accounts. Users can also write memos to coin recipients.

Receive Tokens

Is an alternative way to receive VEX-based coins or tokens, users only need to enter the amount they want to receive, then a QR code will be generated. The sender only needs to scan the QR code to make the delivery (similar to if you want to pay for something using an e-money platform).

BP Voting

To vote on Vexanium block producers, here users can also get passive income by doing this. More details can be seen in the video here.

Buy, Sell, and Rent Resource

To buy, sell, or rent resources. As aforementioned before, NET, CPU, and RAM are the basic resources of the transaction fee for Vex Wallet. NET refers to the network bandwidth that you are permitted to use, CPU refers to the data processing power that you can use on the Vexanium network, and RAM is used to store data on the blockchain.

Change Vex Account

One wallet can store many Vex accounts, so this tool is used to switch to your other vex account. For example, if your wallet name is “Country”, then this “Country” has various Vex accounts, namely “USA”, “Germany”, and “Taiwan”.

Vex Account Address

Is the address of the Vex account, which is the primary address registered on the Vexanium blockchain. This is the same as your username, so if a user wants to send you a VEX coin or token, it will be sent to this address.

Owned Tokens

This is a list of assets you own which means VEX coins as well as VEX coin based tokens.

Assets Page

This is the main page of your assets.

News and Tutorial Page

This is a page where you can browse news and tutorials about blockchain as well as Vex Wallet. This is also the reason why this application is a one stop application, because users can also read information about the Vexanium blockchain here.

Dapps Page

This is the DApps page for using various DApps that are already on the Vexanium blockchain. If the user already has a Vex account, then there is no need to bother registering in each of his DApps. This system is the same as the concept of a Google account. 

Account and Settings

This is the page for setting up the account and the Vex Wallet application.

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