Vulcan Blockchain’s Auto-Rebasing Layer 1 Set For Release Q1 2023

December 28, 2022, Tallinn, Estonia: Vulcan Blockchain has just announced a novel The self-renewing Layer 1 protocol will be introduced in the first quarter of 2023. The protocol, which has been in development for some time, aims to address supply issues that affect market stability. In this sense, a key feature of the Vulcan blockchain is its automatic rebase mechanism that adjusts the circulating supply of $VUL (the original coin) every 15 minutes.

Named after the god of fire and blacksmithing, Vulcan features unique and never-before-seen blockchain technology. Automatic rebasing is a unique feature that allows the blockchain to automatically adjust the supply of coins in circulation. This can be an important tool to maintain the stability and value of the local currency over time and to ensure a more predictable and transparent monetary policy.

The Vulcan blockchain is also self-paying, meaning that your coins as a $VUL owner will grow with each epoch.

"In addition to providing stability, autonomous blockchains can also help create greater transparency and predictability," said Jason Matheson, chief operating officer of Vulcan .

“By clearly defining the rules and conditions under which the supply of tokens will be regulated, the automatic rebasing of the blockchain can provide users and investors with a better understanding of the monetary policy of the network. This can help build trust in the network.” making it more attractive to both users and investors.”

To complement its auto-rebase and auto-composition capabilities, the Vulcan Blockchain also has a unique trigger mechanism known as a "fire pit" (null address). 80% of all network transaction fees are automatically sent to a bonfire that is completely inaccessible and forever burns the spare coins in circulation. This feature allows $VUL to be hyper deflationary over time and a reliable store of cryptocurrency value.

The combination of these characteristics, along with a commitment to decentralization, makes the Vulcan Blockchain an ideal platform for DeFi applications. Whether you are a user, developer or investor, you are invited to join the Vulcan network on this exciting journey and be a part of the future of DeFi.

About Vulcan Blockchain

Vulcan Blockchain is the first blockchain with a built-in automatic rebase mechanism that adjusts the circulating supply of $VUL (valid coin) every 15 minutes.

The Vulcan blockchain is also self-paying, meaning that your coins as a $VUL owner will grow with each epoch. The combination of these characteristics, along with a commitment to decentralization, makes the Vulcan Blockchain an ideal platform for DeFi applications.

Media contacts:

• Adrian Panthe
• adrian.p@vulcanblockchain.com

Vulcan Blockchain Automatic Rebasing Layer 1 is scheduled to be released in the first quarter of 2023 when it first appeared on Coindoo.