Layer One X (L1X) Cryptocurrency Market Data and Information

We collect crypto information and data from numerous API sources. Our unique analytical approach and presentation, developed with the aid of AI tools, is designed to offer a distinct perspective. This information is not financial advice, and given the rapid pace of the crypto market, it may not always be perfectly current or complete. We urge you to always verify details and conduct your own thorough research. Consult with a qualified financial advisor before making any financial decisions.
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Layer One X (L1X) Trust Score

Crypto Center's Layer One X (L1X) Trust Score

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Layer One X (L1X) Bull/Bear Trend Strength

7 Day Market Momentum

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Layer One X (L1X) Latest Market Data

Current Values

  • Current Price: $20.69
  • 24h Trading Volume: $184,448
  • Market Cap: $0.000000
  • 24h Market Cap Change: ▲ $0.000000
  • Fully Diluted Valuation: $7,637,594,111

Price Changes

  • 24 Hour Price Change: ▲0.35%
  • 7 Day Price Change: ▲4.97%
  • 30 Day Price Change: ▲8.34%
  • 60 Day Price Change: ▼ 2.18%
  • 1 Year Price Change: ▲0.00%

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Layer One X (L1X) 30 Day Open, High, Low, Close Chart

What is Layer One X (L1X)?

Layer One X (L1X) is a fourth-generation decentralized platform designed to facilitate seamless and efficient interoperability between different blockchains. It aims to overcome the limitations of isolated blockchain ecosystems by enabling developers to build cross-chain applications and extend the capabilities of existing applications across multiple blockchain networks. This interoperability extends to both Ethereum Virtual Machine (EVM) compatible chains and alternative virtual machine (altVM) networks, offering a broad spectrum of connectivity options.

In essence, L1X seeks to be a bridge between disparate blockchain environments, allowing for the transfer of assets and data, and the execution of smart contracts across various networks. The platform’s architecture is designed to promote a more interconnected and collaborative blockchain ecosystem, where value and functionality can flow freely regardless of the underlying blockchain technology.

As of January 2025, the Layer One X network boasts a robust and decentralized infrastructure, comprised of over 160 full validator nodes. These nodes are responsible for maintaining the integrity and security of the network, as well as validating transactions and ensuring consensus. The network has already processed over 2 million transactions, indicating a growing adoption and utility within the cross-chain space.

How Does Layer One X (L1X) Work?

Layer One X (L1X) operates on a sophisticated architecture designed to enable secure and efficient cross-chain communication. The core functionality relies on a network of validators and advanced consensus mechanisms to ensure the integrity of cross-chain transactions. While the specific technical details of the consensus mechanism require further research, the general principles of operation can be described.

Cross-chain interoperability is often achieved through techniques like atomic swaps, bridges, or relay chains. Given L1X’s focus on both EVM and altVM networks, it’s likely that the platform utilizes a hybrid approach, potentially involving smart contracts on each connected chain to facilitate the transfer of assets and data. These smart contracts act as custodians, locking assets on one chain and releasing equivalent assets on another, based on validated information relayed from the L1X network.

The validator nodes play a crucial role in this process. They monitor events on connected blockchains, verify the validity of cross-chain transactions, and relay information to other nodes in the L1X network. This information is then used to trigger the execution of smart contracts on the target chain, completing the cross-chain transfer. The distributed nature of these validator nodes ensures the security and decentralization of the platform, minimizing the risk of censorship or single points of failure.

The success of Layer One X depends on the robustness and efficiency of its cross-chain communication protocol. The platform must be able to handle a high volume of transactions, while maintaining security and minimizing latency. This likely involves the use of optimized data structures, efficient routing algorithms, and robust security measures to prevent attacks and ensure the integrity of the network.

Layer One X (L1X) Key Features and Technology

Layer One X (L1X) distinguishes itself with several key features and technological innovations aimed at enhancing cross-chain interoperability. Its core offering is a platform that bridges EVM and altVM networks, a relatively novel capability. The platform allows for developers to easily create cross chain applications and to allow existing applications to extend cross chain.

One key feature is the decentralized validator network. With over 160 full validator nodes, the L1X network ensures the security and robustness of the platform. The validators are distributed across the globe, mitigating the risk of centralized control or censorship. The incentive mechanisms for these validators are crucial to maintain their active participation and ensure the integrity of the network. Staking and reward mechanisms likely play a vital role here.

Another important feature is the platform’s support for both EVM and altVM networks. This broad compatibility expands the reach of the platform and enables developers to build applications that can interact with a wide range of blockchain ecosystems. This likely involves the development of custom adapters or middleware to handle the unique characteristics of each supported network. It is necessary for security and data integrity purposes that data is correctly translated between chains.

Security is paramount in cross-chain communication. L1X likely employs various security measures to protect against attacks, such as fraud prevention mechanisms, multi-signature schemes, and robust data validation techniques. These measures are designed to prevent the theft or manipulation of assets during cross-chain transfers and to maintain the integrity of the network.

Finally, the platform’s developer tools and APIs are crucial for facilitating the creation of cross-chain applications. These tools likely provide developers with a simple and intuitive interface for interacting with the L1X network and building applications that can seamlessly transfer assets and data across different blockchains. Good developer tools are key for adoption of the L1X platform.

What is Layer One X (L1X) Used For?

Layer One X (L1X) primarily serves as a foundational platform for cross-chain applications and interoperability. It allows developers to create new applications that leverage the strengths of multiple blockchains or to extend the functionality of existing applications across different networks. The platform has a variety of potential use cases across several industries.

One major use case is decentralized finance (DeFi). L1X can enable the creation of cross-chain lending and borrowing platforms, decentralized exchanges (DEXs), and other DeFi applications that can operate seamlessly across multiple blockchains. This can improve liquidity, reduce transaction costs, and enhance the overall user experience.

Another potential use case is supply chain management. L1X can be used to track the movement of goods and materials across different blockchains, providing a transparent and secure record of the entire supply chain. This can help to reduce fraud, improve efficiency, and enhance trust among stakeholders.

Gaming is another area where L1X can have a significant impact. The platform can enable the creation of cross-chain games that allow players to use their assets and progress across different gaming platforms. This can create a more interconnected and immersive gaming experience and enhance the value of in-game assets.

Beyond these specific use cases, L1X can also be used to facilitate the transfer of data and information across different blockchains. This can be useful in a variety of contexts, such as healthcare, government, and research, where the secure and efficient exchange of data is essential. Interoperability is critical to unlock the true potential of blockchain technology.

How Do You Buy Layer One X (L1X)?

Purchasing Layer One X (L1X) typically involves several steps, starting with choosing a suitable cryptocurrency exchange. The availability of L1X on different exchanges depends on its listing status and trading volume. Major centralized exchanges (CEXs) like Binance, Coinbase, and Kraken often list popular cryptocurrencies, but it’s crucial to verify if L1X is available on these platforms. Decentralized exchanges (DEXs) like Uniswap or PancakeSwap might also offer L1X trading, especially if it’s a newer or less widely adopted coin.

Once you’ve identified an exchange that lists L1X, you’ll need to create an account and complete the necessary verification processes. This usually involves providing personal information and uploading identification documents to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

After your account is verified, you’ll need to deposit funds into your exchange account. Most exchanges support various deposit methods, including fiat currencies (USD, EUR, etc.) and other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH). If you’re depositing fiat currency, you may need to link your bank account or credit card. If you’re depositing cryptocurrency, you’ll need to transfer it from your external wallet to your exchange address.

Once your funds are deposited, you can proceed to purchase L1X. Navigate to the L1X trading pair (e.g., L1X/USDT or L1X/ETH) and place an order. You can choose between different order types, such as market orders (which execute immediately at the current market price) or limit orders (which execute only when the price reaches a specified level). After your order is filled, the L1X tokens will be credited to your exchange account.

How Do You Store Layer One X (L1X)?

Storing Layer One X (L1X) securely is essential to protect your investment. The choice of storage method depends on your individual needs and risk tolerance. There are two main types of cryptocurrency wallets: hot wallets and cold wallets.

Hot wallets are connected to the internet, making them convenient for frequent transactions. They can be further divided into several categories. Exchange wallets are provided by cryptocurrency exchanges and are suitable for short-term storage and active trading. However, they are considered less secure than other options, as the exchange controls your private keys. Software wallets are applications that can be installed on your computer or smartphone. They offer more control over your private keys than exchange wallets, but they are still vulnerable to online attacks. Web wallets are accessed through a web browser and offer similar convenience to software wallets. However, they are also subject to online security risks.

Cold wallets are not connected to the internet, making them much more secure against hacking attempts. Hardware wallets are physical devices that store your private keys offline. They are considered the most secure option for storing large amounts of cryptocurrency. Paper wallets are generated by printing your private keys on a piece of paper. While they are very secure, they require careful handling and storage to prevent loss or damage.

For L1X, you’ll need to choose a wallet that supports the token’s specific blockchain or standard (e.g., ERC-20 for Ethereum-based tokens). Popular hardware wallets like Ledger and Trezor typically support a wide range of cryptocurrencies and are a good option for long-term storage. Software wallets like MetaMask or Trust Wallet may also support L1X, but it’s important to verify compatibility before transferring your tokens.

Future Outlook and Analysis for Layer One X (L1X)

The future outlook for Layer One X (L1X) hinges on its ability to establish itself as a leading solution for cross-chain interoperability. The demand for seamless communication and asset transfer between different blockchain networks is growing rapidly, driven by the increasing fragmentation of the crypto ecosystem and the desire to unlock the full potential of decentralized applications.

L1X’s focus on both EVM and altVM networks positions it well to capture a significant share of this market. By providing a platform that bridges these disparate ecosystems, L1X can enable developers to build applications that can tap into a wider range of users and resources. The key to success will be the platform’s ability to deliver a secure, efficient, and user-friendly experience for both developers and end-users.

The competition in the cross-chain interoperability space is intense, with several established players and emerging projects vying for market share. L1X will need to differentiate itself through superior technology, strategic partnerships, and a strong community. The platform’s ability to attract developers and foster the creation of innovative cross-chain applications will be crucial for its long-term success. Further research will need to be conducted to accurately judge the current partnerships.

The regulatory landscape surrounding cryptocurrencies and cross-chain technologies is also evolving rapidly. L1X will need to stay ahead of the curve and ensure that its platform complies with all applicable regulations. Failure to do so could result in legal challenges and reputational damage. The current and future regulatory climate is not known.

Overall, the future outlook for Layer One X (L1X) is promising, but success is not guaranteed. The platform has the potential to become a key enabler of cross-chain interoperability, but it will need to overcome significant challenges to achieve its full potential. Further research should be completed to understand the future outlook with respect to competing technologies.

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