AlveyWALV

Alvey is a decentralized second-layer blockchain that utilizes the Ethereum virtual machine and supports proof-of-authority (POA), proof-of-stake (POS), and proof-of-work (POB) consensus mechanisms. Alvey features hyper-deflationary economics, with a transaction destruction rate of 30% for each transaction. The fees for cross-chain transactions are distributed as follows: 70% go to the validators and 30% are used for burning (destruction of tokens).