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Cryptocurrency News Articles

REI Network is Revolutionizing Decentralized Computing by Joining Forces with Voltix AI

Feb 27, 2025 at 03:32 am

The zero-fee, Ethereum Virtual Machine (EVM)-compatible blockchain of REI Network is set to enhance the scalable platform provided by Voltix.

REI Network is Revolutionizing Decentralized Computing by Joining Forces with Voltix AI

REI Network, the zero-fee, Ethereum Virtual Machine (EVM)-compatible blockchain, is joining forces with Voltix AI, a move that will bring advanced AI technology to REI Network’s highly scalable platform.

This integration aims to facilitate seamless high-performance computing and AI training capabilities, combining the strengths of both platforms.

REI Network, formerly known as GXChain, has recently undergone restructuring to become an EVM-compatible blockchain.

Lightweight Structure and Optimal PerformanceLightweight Structure and Optimal Performance

The core goal of the network is to provide a no-fee blockchain infrastructure that is fully compatible with the Ethereum Virtual Machine (EVM), while also being recognized for its lightweight structure and optimal performance.

The operational foundation of REI Network is built on a DPoS+BFT consensus algorithm, which is known for its efficiency and energy conservation properties.

This forms the basis for a suite of System Contracts, intrinsic to the network and provide essential functionalities. These contracts facilitate tasks such as staking, inter-blockchain communication (IBC), and resource allocation.

REI, the native token of the network, plays several crucial roles within the ecosystem. It is used as the transaction gas fee, smoothly facilitating the verification of transactions.

Those who hold token will also be granted governance capabilities, allowing them to actively participate in REI DAO’s decision-making process.

Moreover, individuals who are aiming to validate transactions within the REI Network can choose to stake their REI tokens, thereby pledging their commitment as network validators.

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Other articles published on Feb 27, 2025