VerifiedX

VerifiedX is a general-purpose Layer 1 that also runs as a Bitcoin sidechain. Its mainnet produces blocks under a proof-of-assurance consensus at roughly 12 seconds, throughput sits between 25,000 and 30,000 TPS, all fees are burned and supply is fixed at 200 million. It addresses Bitcoin's lack of programmability: the mainchain keeps settling, while the surrounding network carries asset issuance, payments and contract calls.

The core component is vBTC. A user deposits bitcoin into a multi-party address controlled by FROST threshold signatures and mints an on-chain claim at 1:1; redemption burns the claim and releases the mainchain asset, with no synthetic asset involved and collateral covered by on-chain reserves. The companion SwitchBlade wallet handles the native coin, tokens and readable addresses and offers vault accounts with recovery, while BFLY for payments and PulseXAI for intelligent agents apply the same settlement capacity to specific settings. Institutional custody and compliance tracing have since been wired into the ecosystem, with third-party exchange custody and payment rails so vBTC can move along regulated on and off ramps.