Blockchain Services Apex Fusion is defined to launch Vector, a high performance blockchain and aligned on Cardano designed for institutional users entering the web3 space.
Vector is a Blockchain Testnet with reading committee and UTXO evaluation with an institutional quality rate and a complaint for instant transaction purposes. He will be officially launched at the rare EVO conference on Saturday, Apex Fusion said in a shared press release with Cointelegraph.
This makes it the first blockchain aligned by Cardano to achieve an instant ultimately verified purpose, which is the assurance that a transaction is irreversible, according to the announcement.
Vector’s flow of transactions is 10 times faster than the Cardano Mainnet, 99% reaching the finality in 13 seconds, while 98.6% of the transactions reached an immediate purpose in “optimized conditions on performance”, according to an independent report by Cardano Architect and the well-typed Directors Duncan Coutts and co-founders of predictable network solutions. Thompson.
The joint report, commanded by the Fusion Foundation Apex, will be published at Rare Evo as well as the official launch of the Testnet.
“Vector shows how the UTXO model can evolve to respond to institutional requests without compromising its fundamental strength,” said cost.
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Long times of transactions are a longtime problem limiting the usefulness of financial applications based on blockchain.
The new instant finality network has “major advantages” both for blockchain infrastructure and financial institutions, according to Anja Blaj ZAJC, responsible for legislation at the Apex Fusion Foundation.
“For blockchains, this reduces the risk of chain reorganization and double expenditure, improving security and reliability,” Zajc told Cointelegraph, adding:
“For financial institutions, instant purpose allows real -time regulations, reduces operational risk and improves compliance by providing clear and immediate confirmation of transactions.”
Instant finality can introduce faster payments, more efficient cross-border transactions and the development of “more complex financial products”, she added.
In comparison, Sony’s “fast layer of rapid purpose” of Sony, a network of layer 2 network to reduce the finality time of the blockchain, has only an purpose of transaction by less than 10 seconds.
Sonic (previously Fantom) reached a transaction purpose of 720 milliseconds in a Testnet environment, Cointelegraph reported in September 2024.
Although Testnet environments can strengthen the performance of a blockchain, it makes Sonic the blockchain of the fastest Ethereum (EVM) Ethereum (EVM), according to Andre Cronje, the creator of the Fantom network and the Director of Sonic Labs technology.
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Apex Fusion Foundation works for Mica compliance
To better meet institutional needs, such as the issue in accordance with the Stablescoin, the Apex Fusion Foundation said it was trying to become fully in line with European markets in the regulation of cryptocurrency (Mica).
“Apex is entirely aligned with Swiss regulatory requirements and has obtained a FINMA decision confirming the classification of the AP3X token,” ZAJC told Cointelegraph, adding:
“In parallel, the Foundation is preparing to inform the relevant competent national authority within the EU, in order to reach full compliance under the regulation of the Mica.”
Mica is the leading framework of full regulatory crypto in the world, which entered into force for providers of cryptographic asset services on December 30, 2024, aimed at stimulating investor protection, preventing fraud and responding to the management of the Stablecoin reserve.
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