Vexanium is an open-source blockchain protocol to create smart contracts and decentralized applications (Dapps) on top of its network. As the first decentralized public blockchain platform from Indonesia, the Vexanium blockchain network launched by Vexanium Foundation, a non-profit organization that has been established since March 2018.
Who Owns and Run Vexanium Blockchain?
Even though Vexanium is launched by the Vexanium foundation, Vexanium is a decentralized network that can only be managed by people who are part of the network (nodes) or commonly called block producers. The block producers are tasked to run the Vexanium blockchain network by validating each transaction and making regulations on the network, this is what is called an autonomous organization.
Block Producers (BPs) are a decentralized entity (organization) usually consisting of a group , companies or organizations selected through the e-voting blockchain system in the DPoS Consensus that regulates Vexanium blockchain. The block producers task will produce new blocks in the Vexanium protocol blockchain and verifying various transactions that occur on the Vexanium protocol blockchain
