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Alvey is a decentralized blockchain with a proof-of-stake consensus model. The author of the subsequent block is randomly selected based on their cryptocurrency holdings and wallet maturity. This ensures decentralization and network participation. Blocks are built or minted instead of mined, and builders receive block rewards and transaction fees as "interest" on their bet. Alvey achieves high security levels without excessive energy consumption, making it accessible to nodes with low consumption devices. Alvey supports the Bitcoin and Ethereum ecosystems and integrates metaverse and VR within the blockchain for real-world application development. The Alvey Chain offers utilities such as meme tokens, NFTs, smart contracts, staking, superstaking, delegation, and building a DEX, NFT marketplace, or launchpad. All fees are distributed among stakers and validators. The project aims to establish a connection between passion and everyday work, while also building the world's first VR Exchange on Alvey Metaverse. The VR exchange requires a minimum of 200 ALV for access. Alvey aims to become the leading metaverse blockchain.
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What is Alvey Chain?
Alvey Chain ($WALV) is a blockchain project that utilizes the bitcoin UTXO model and features support for EVM-based smart contracts. It is secured by PoS consensus.
Alvey is a decentralized PoS blockchain that offers various utilities, such as the ability to create meme tokens, NFTs, and smart contracts, to generate value on top of the chain.
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