XELIS Price(XEL)

XELIS is defined as a layer-1 private cryptocurrency blockchain that ingeniously employs a BlockDAG (Directed Acyclic Graph) architecture. This architecture is pivotal in propelling its objectives of scalability and security. The cornerstone of XELIS's transaction privacy lies in its use of homomorphic encryption, specifically the ElGamal encryption method coupled with Ristretto255 points on the Curve25519 cryptographic framework. This methodology secures transaction data and user balances, preserving privacy effectively.

Developed exclusively in Rust, XELIS utilizes an event-driven system alongside native asynchronous programming techniques to bolster both efficiency and security. This combination allows for a platform that is not only robust but also tailored to adapt to the demands of users seeking speed and confidentiality in their transactions.