The Vortex is a decentralized settlement system for verified users to exchange tokenized assets.
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Yes, the Vortex is a next-generation hybrid blockchain with a decentralized node topology around the globe. The governance of the Vortex is also decentralized; the network validators are selected internationally and contribute to the evolution and security of the network. This strategy offers the Vortex both transparency and public accessibility to transactions, but also the robustness and speed of a network where trusted nodes can validate.
A permissioned blockchain is a blockchain model where participants must obtain permission to enter the network. At Petale, this permission is granted once the investor has passed KYC/KYB authentication. This model is designed to make the blockchain fast, secure and more energy efficient. With this system, transactions are securely verified, quickly executed and publicly readable because of the public record that the blockchain provides.
Nodes are one of the most important security factors for the blockchain, which is why we have decided to carefully select each of our nodes to ensure network performance. Nodes are selected from all over the world and in different sectors to ensure both geographical and governance decentralization.