eXeBlock Technology Corp. (CSE: XBLK) is pleased to announce the development of a new Blockchain platform “eXechain”. The platform is designed to support and run Solidity (Ethereum) smart contracts at 1000 times faster than the Ethereum based blockchain platform and will also support WASM (EOS) smart contracts. “Developers will be able to develop DApps more efficiently and at lower costs using eXechain. This will create a scalable “execution” path to mass markets by supporting current Ethereum and EOS blockchains in earlier stages of development. eXeBlock will be releasing a white paper and MVP describing the features of the new blockchain in the coming weeks,” said Jamie Davison, President and CEO, eXeBlock Technology Corp.

eXechain will incorporate sidechain technology that will enable native Bitcoin owners to transact on the platform. This will open up new possibilities for high value smart contracts.The addition of an Ethereum sidechain will also enable all tokens that currently reside in ETH to transact over eXechain. eXechain will incorporate an advanced consensus mechanism called Gamified Proof of Stake for greater security and better incentives for network participants.

More features and technology insights will be presented in a webinar later this month, details to be posted on the company’s website and via social media.

“The eXeBlock team has been working hard to create a Blockchain platform that will enable scalable and executable DApps with cross chain capabilities. We’re excited to continue the development and work with partners to launch the chain in the near future,” said Davison.