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Xelis (XEL) — price, overview & secure storage
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Last Updated on Oct 08, 2026 08:12 PM
What is Xelis? Complete guide to XEL
What is Xelis and who created it?
XELIS is a new cryptocurrency designed with a focus on privacy and scalability. It is built from scratch using the Rust programming language, which ensures memory security. The cryptocurrency utilizes a Proof-Of-Work consensus mechanism over a BlockDAG structure, which is a departure from traditional blockchain architectures. This design choice allows XELIS to maintain high levels of privacy and scalability, making it suitable for everyday transactions.
Key features of Xelis blockchain
One of the standout features of XELIS is its use of Homomorphic Encryption, which ensures that transactions and balances remain private. This is a significant advancement in the field of cryptocurrency privacy. Additionally, XELIS supports smart contracts, which enable developers to create decentralized applications on its platform. The network is designed to be developer-friendly, allowing for the issuance of custom assets that function similarly to its native token, XEL.
How Xelis transactions work
The XELIS network operates with an average block time of 15 seconds, which is considerably faster than many other cryptocurrencies. This rapid block time, combined with a maximum block size of 1.25 MB, ensures that the network can handle a high volume of transactions efficiently. The block reward is approximately 1.46 XEL, incentivizing miners to secure the network. Overall, XELIS aims to provide a scalable and private blockchain solution that can be used for a wide range of applications.
Tangem supports networks for Xelis
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Similar cryptocurrencies to Xelis (XEL)
| Asset | 24h % | Market cap | |
|---|---|---|---|
 Bitcoin BTC | $81,757.69 | -2.10% | $1.64T |
 Ethereum ETH | $2,464.77 | -4.25% | $0.30T |
 Tether USDT | $0.9993 | -0.03% | $0.18T |
 BNB BNB | $730.41 | -5.36% | $97.27B |
 XRP XRP | $1.37 | -3.32% | $86.71B |
Frequently asked questions about Xelis (XEL)
- Xelis is a blockchain-based digital asset used for transferring value and interacting with decentralized applications. It operates without central control, relying on distributed network technology.
- Xelis offers efficient transactions, strong network security, and support for decentralized applications. Its design aims to provide a reliable user experience.
- Yes. XEL is the trading symbol used to identify Xelis on exchanges and charts.
- This XELIS (XEL) iscurrently not available on Binance for purchase or trade. Stay updated about newly listed cryptocurrencies and refer to our How to Buy Coins guides for tokens available on Binance.
- Genesix. Genesix is a multiplatform mobile wallet for the XELIS network.
- Binance US is legalacross all the states, excluding New York, Texas, Louisiana, Hawaii, Idaho, and Vermont. As for the international version of Binance, it's unavailable in the US due to the local regulations mentioned above.
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