What Is Alvey Chain (WALV)?
Alvey Chain is a decentralised blockchain with a proof-of-stake consensus model, meaning that the author of the subsequent block is selected at random based on how much cryptocurrency they have in their wallet and how mature that wallet is, continuously rotating addresses to ensure decentralisation and network participation. Blocks are usually built or minted rather than mined; there are also block rewards in addition to transaction fees,
thus, builders receive a percentage of “interest” on the amount of funds they bet. This allows the chain to achieve high levels of security without excessive energy consumption, since to participate as an applicable active node for staking, is enough to have a Raspberry-Pi, laptop or 64-bit desktop PC which do not have such a high consumption compared to Proof of Work string mining rigs. Alvey supports the Bitcoin and Ethereum ecosystems.
| Coin Basic | Information |
|---|---|
| Coin Name | Alvey Chain |
| Short Name | WALV |
| Total Supply | 160,000,000 |
| Max Supply | 160,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
WALV Price Live Data
The live Alvey Chain price today is $0.015702 USD with a 24-hour trading volume of $9,143,362 USD. They update WALV to USD price in real-time. This is up 7.49% in the last 24 hours. The current CoinMarketCap ranking is #2729, with a live market cap of not available. The circulating supply is not available and a max. supply of 160,000,000 WALV coins.
If you would like to know where to buy Alvey Chain at the current rate, the top cryptocurrency exchange for trading in stock is currently PancakeSwap (V2). You can find others listed on our crypto exchanges page.
The Alvey Blockchain Technology
The blockchain of the Alvey BlockChain platform executes the SHA-256 cryptographic
algorithm maintaining the UTXO model used by Satoshi Nakamoto in 2009 with the creation of
bitcoin, however it offers great changes and added values compared to blockchains such as
bitcoin since It integrates a virtual machine (Ethereum EVM) with the difference that it runs a
PoS consensus system, which makes it more efficient and scalable in the long term.
Owning a virtual machine makes possible the development of smart contracts (smart contracts) and
Dapps, it consists of a programmed agreement between P2P peers or business-to-business
B2B in which all the requirements and conditions are stipulated for the smart contract to
be executed correctly, is to clarify and emphasize that a smart contract is only as smart as the
person who programmed it.
Alvey Performance Advantage
One of Alvey’s main goals is to build a decentralized smart contract system based on UTXO with
a proof-of-stake (PoS) consensus model [37] this means that the creator of the next block is
chosen at random based on the wealth held in cryptocurrencies within their wallet and the
maturity of the same, constantly rotating addresses to ensure decentralization and the
participation of the entire network
Therefore, blocks are usually built or minted rather than mined, there are block rewards in
addition to transaction fees, and builders receive a percentage of “interest” on the amount of
funds they bet. This allows the chain to achieve high levels of security without excessive energy
consumption, since to participate as an applicable active node for staking it is enough to have a
Raspberry-Pi, laptop or 64-bit desktop PC which do not have such a high consumption
compared to Proof of Work string mining rigs.
ProofHash < coins × target × age
In ProofHash, the stake modifier [40] calculates along with unspent outputs and the
current time. With this method, a malicious attacker can initiate a double- spend attack by
accumulating large amounts of coin age. Another problem caused by the age of the coins is
that the nodes are online intermittently after rewarding rather than being continuously
online. Therefore, in the improved version of the PoS agreement, the removal of the age of
the coin encourages more nodes to beonline simultaneously.
Alvey contract and EVM integration
The EVM is stack-based with a 256-bit machine word. Smart contracts running on Ethereum
use this virtual machine for execution. The EVM is designed for the Ethereum blockchain
and therefore assumes that every value transfer uses an account-based method. Alvey is
based on Bitcoin’s blockchain design and uses theUTXO-based model.
