In a world where blockchain has famously over promised and under delivered it is easy to view much of what is claimed through a skeptical lens. With DevvE which is the native token for the DevvX blockchain, it was decided very early on that the best approach was to show rather than tell, which is why all the technology and capabilities we are discussing in this article already exist. The proof as they say is in the pudding, so if there is anything in here that either sounds too fantastic, or you simply don’t believe, please don’t take our word for it, instead, we’d like anyone reading this to go and see for yourself.
The ecosystem, powered by DevvE, represents a significant advancement in blockchain technology. The DevvX L1 blockchain, at the heart of this ecosystem, is noted for its exceptional scalability and flexibility, addressing major blockchain challenges including fraud/theft/loss, and privacy. While this in itself is a decent USP, DevvE can rightfully claim to leverage the most scalable blockchain in existence, having achieved over 8 million transactions per second (TPS) on-chain as verified by Rimcon. This scalability is further enhanced by a sharding solution that allows various industry participants to connect to the blockchain without compromising regulatory challenges. When you also add a restful API infrastructure which makes the connection between web2 and web3 plug and play simple, you finally have a solution to the adoption issues which have limited wider blockchain implementation.
This brief introduction is intended to provide readers with a basic framework and some context around DevvE and ultimately reveal why it is talked about by those in the industry who have seen it first hand, as “the best kept secret in blockchain”.
Key Features of the ecosystem
Scalability: Unmatched blockchain performance, with the capability to process over 8 million TPS, far exceeding other blockchains.Energy and Cost Efficiency: It operates with significantly lower energy consumption by orders of magnitude and costs which are fractional when compared to Bitcoin and Ethereum. We are also ISO certified.
- 1/3 Billionth the energy and CO2 of Bitcoin.
- 1/10 Millionth the cost of Ethereum.
Security and Compliance: The platform utilizes a proprietary “Proof of Validation” consensus for Byzantine Fault Tolerance (BFT) security and offers compliant sharding solutions for all industries.
Ease of Integration: The DevvE platform supports simple RESTful API integration, making it accessible to a wide range of developers and off the shelf business systems.
Intellectual Property: The platform is protected by extensive U.S. and global patents which are listed in the whitepaper.
The RESTful API
DevvE’s RESTful API is a pivotal feature that makes the underlying blockchain technology including smart contracts accessible to web developers. This API facilitates communication between existing applications and the blockchain, making blockchain integration easier for the 30 million web developers globally. The API crucially also allows enterprise customers to maintain their existing security architecture while adding Web3 functionalities. This effectively resolves a major adoption issue and its importance can’t be overstated.
TheSharding Solution
Our blockchain sharding solution, designed for flexibility and scalability, allows businesses to scale their blockchain operations via independent networks called shards. Each shard operates its own blockchain network, and transactions are coordinated through a single network, ensuring efficient throughput management. This solution offers businesses the ability to create shards for different regions or purposes, enhancing compliance (think GDPR and privacy) and operational efficiency.
Addressing Privacy, Fraud, Theft, & Loss
DevvE via our ecosystem delivers innovative solutions to address the challenges of privacy, fraud, theft, and loss. DevvProtect which is a key part of the ecosystem and was built and designed specifically to provide users with a way to regain custody of stolen funds or assets. The platform also incorporates multi-sig and permissioned access features, enhancing the security of company wallets and reducing the risk associated with private key management.
The Wallet
Our user-friendly, web-based wallet application simplifies the onboarding experience, allowing integration with DevvX applications like video game inventories without additional browser extensions.
The Glassblock Marketplace
As the name suggests this is a Marketplace & Seller’s Portal: The marketplace, designed by a well known Ex Amazon senior engineer, offers a high-volume, user-friendly Web3 marketplace experience. It supports multiple payment options and facilitates the trade of various assets, including NFTs. It is interesting to note that at the start of the design process the team knew nothing about building blockchain applications and by the end of the process they still didn’t, because with the restful API solution they simply didn’t need to. This clearly addresses the “ease of use” issue which is often presented as an argument against blockchain adoption.
DevvE and the Digital Financial System
DevvE is positioned to be a comprehensive and interoperable token solution encompassing various forms of value creation, including the tokenization of real-world assets, payments and online engagement. DevvE is positioned as a catalyst for sustainable transformation in the Web2 and Web3 landscapes. Our commitment to ESG principles, combined with technological innovations and intellectual property, make widespread adoption increasingly viable.
DevvE’s Impact on Various Industries
Outside of the aforementioned ESG space, DevvE’s robust, scalable architecture positions it as a revolutionary tool across multiple sectors. Its applications range from banking and finance to healthcare, supply chain, and government services. For instance, in finance, DevvE can facilitate faster, more secure transactions with reduced costs. In healthcare, it ensures secure, efficient management of patient data. Similarly, in supply chains, DevvE can utilize our market leading transparent, immutable ledger for tracking goods.
DevvE’s Global Reach and Future Prospects
DevvE is not just a technological innovation; it represents an opportunity for industries to shift how they operate and interact, transitioning into new lucrative markets and gaining a distinct competitive advantage. Its global reach and scalability make it a viable solution for a wide range of enterprise applications worldwide. Looking ahead, DevvE is poised to facilitate the ecosystem’s continued growth and innovation, potentially revolutionizing multiple sectors with its payment and tokenized solutions. DevvE’s versatility across various industries, combined with a commitment to ESG principles, position it as a leading solution for multiple real world issues. As it continues to evolve, our technology will likewise bridge the gap between the potential, and the adoption of blockchain in everyday life.
This is the first of many planned articles which will explore DevvE and the wider ecosystem that we support in a way that will hopefully resonate with those who are looking for a less academic view. Several more technical documents already exist for anyone wanting to get under the hood and there is an incredibly detailed whitepaper available on the devve.io website. For more information in the short term please feel free to join or visit any of our social channels where our team and community will be happy to help.
