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What is XELIS (XEL)?

XELIS is a layer-1 blockchain using a BlockDAG structure for improved scalability, security, and transaction speed. It merges multiple chains, minimizing orphaned blocks and speeding up confirmations. XELIS employs cryptographic methods like homomorphic encryption and zero-knowledge proofs for transaction and balance privacy. It uses an account model instead of UTXO for faster processing and is designed for future scalability, including smart contracts and dApps, aiming for a robust environment focused on privacy, scalability, and ease of use.

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