L1X Foundation
  • Getting Started
    • L1X Overview
      • Mission and Vision
      • Why Layer One X?
      • L1X Coin
      • Infrastructure Essentials
    • Glossary
    • Quick Links
      • Foundation Website
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  • Ecosystem
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      • Hype Talent
  • L1X Technology Explained
    • Abstract
    • Introduction
    • Scalability and Interoperability Limitations of Existing Blockchain Networks
    • L1X Network
      • Design Principles
      • Prominent Features
      • L1X Benefits
    • Mobile Nodes
    • L1X Architecture
      • Components
      • Consensus Mechanism
    • L1X Transaction Lifecycle
    • X-Talk
      • X-Talk Architecture
      • Use Case: Advertise BSC NFT Sale in OpenSea Ethereum Marketplace
      • X-Talk Workflow
      • Benefits
    • Virtual Machine
    • L1X Time Units
    • Validator Nodes
      • Validator LifeSPAN
      • Validator Lifespan Algorithm
      • Validator Selection
      • Validator Selection Algorithm
      • Vigilant Nodes
      • Radix Nodes
      • Cluster Assignment
      • Lexicon
    • L1X Reward Mechanism
      • Friction on the Network
      • Consensus Mechanism and Incentive Scheme
      • Resource Costing Model
      • Token Distribution and Pricing Strategy
      • Consensus Mechanism and Token Pricing with Respect to Token Inflation
      • Token Participant Distribution and Pricing
      • Ongoing Distribution Rules, Governance, and Token Pricing
      • Layer Two Tokenomics Vs Layer One Tokenomics
      • L1X Coins
    • Tokenomics
    • L1X Applications
      • Staking
      • Exchange
      • Ledger Tokenization
      • Micropayment Transactions
      • Micro Trading
      • Gaming
      • Metaverse
    • L1X Components - Example Use-Cases
      • L1X Fungible Token Smart Contract
      • L1X Non-Fungible Token Smart Contract
      • X-Talk Token Swap
      • X-Talk Token Staking
      • X-Talk Fungible Token Lending and Borrowing
      • X-Talk NFT Liquidity Provision
      • X-Talk NFT Leasing Provision
      • Health Smart Contract
      • L1X Wallet SDK
    • Conclusion
  • L1X Tokenomics
  • Node Hosting on L1X
    • Node Architecture & Consensus Mechanism
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  1. L1X Technology Explained

L1X Transaction Lifecycle

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Last updated 1 year ago

  1. User digitally signs the transaction using ECDSA and submits the transaction to the L1X network.

  2. The full node in the L1X network verifies the authenticity of the transaction and the authenticated transaction is added to the MemPool.

  3. The full node queries validator nodes i.e., mobile devices to get cluster information.

  4. The validator node sends the details of similar clusters and the full nodes in the cluster.

  5. Now, the full node broadcasts the transaction to the cluster nodes.

  6. All the cluster nodes perform logical validation for the transaction.

  7. At this stage, the Block Proposer is randomly selected by the PoX consensus mechanism.

  8. The Block Proposer creates a block containing multiple validated transactions and applies Zero Knowledge Proof on the block.

  9. The Block Proposer broadcasts the block to the connected nodes in similar clusters.

  10. The full nodes in the network perform block validation and send it to peers.

  11. The user is intimated about the successful transaction completion.

Figure 3 L1X Transaction Lifecycle