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About xx network
Key Points
- xx network is a full-stack platform combining a scalable, quantum-ready layer 1 blockchain with a private communications network.
- xx coin is traded on MEXC exchange.
- cMix communications layer provides complete metadata protection.
- xx network utilizes nominated Proof-of-Stake (nPoS) for consensus and governance.
- xx coin is used for transaction fees, voting, and governance.
Problem xx network is trying to solve
- Decentralize ownership and power from centralized entities.
- Protect user privacy from exploitation by mainstream companies.
xx network
About the xx Network: Pioneering a New Era of Decentralized Innovation
Introducing the xx Network (xx): A Revolutionary Blockchain Ecosystem
The xx network is a pioneering “full-stack” platform that converges a native, scalable, and quantum-ready layer 1 blockchain with the world’s most secure and private communications network. The network’s native xx coin is listed on the esteemed MEXC exchange (
https://www.mexc.com/exchange/XX_USDT
).
Invented by the renowned cryptographer David Chaum, widely regarded as the godfather of digital currency and privacy, the xx network’s innovative cMix communications layer affords comprehensive metadata protection to all network communications. By leveraging the xxDK, any application or blockchain platform can seamlessly route their traffic through the xx network, thereby providing quantum-secure, end-to-end encryption to their own transactions, ensuring unparalleled security and confidentiality.
The network’s capabilities are exemplified by the xx messenger, available on prominent app stores, which pioneers as the world’s first quantum-secure, end-to-end encrypted, and fully decentralized messaging platform.
The xx network leverages nominated Proof-of-Stake (nPoS) to motivate all coin holders to elect consensus and communication nodes, thereby participating in governance. The xx coin serves multiple purposes, including: * Facilitating minimal fees for transaction processing * Enabling stakeholders to vote for validator and mix nodes on the network through staking * Empowering holders to cast votes on governance referendums and treasury allocations
What pivotal challenge is the xx network endeavoring to overcome?
The overarching objective of cryptocurrencies, as well as the broader blockchain ecosystem, is to democratize ownership and authority, thereby empowering coin holders, nodes, and users to wield control, rather than perpetuating the dominance of centralized entities. The blockchain movement, in essence, represents a populist backlash against a global narrative marred by the exploitation of centralized control, where small, self-serving groups have historically held sway.
In the modern tech landscape, the advent of high-speed, globally interconnected networks has revolutionized the way we communicate and exchange value, with email, social media, and mobile applications at the forefront of this transformation. However, the dominant mainstream companies that have emerged during this paradigm shift have consistently demonstrated a reluctance or inability to safeguard user privacy, instead prioritizing profit maximization through targeted advertising.
The xx network is harnessing the power of blockchain technology and advanced encryption to create a truly private, decentralized messaging and payment platform. By leveraging these cutting-edge technologies, the xx network ensures that metadata remains obscured, rendering it impossible for any third party – including governments, tech companies, or even the network itself – to access information about the sender or recipient(s) of communications or payments. Furthermore, the xx network is designed to operate with seamless efficiency, enabling users to send messages and payments with the same rapidity as traditional networks.
What is the Circulating Supply of xx Coins?
The xx network successfully launched its mainnet on November 16, 2021, with an initial genesis supply of 1 billion xx coins. During the initial 5-6 year period, the network operates on a deflationary model, where a small percentage of coins are periodically removed from circulation through an on-chain treasury mechanism. As the network matures, it will transition into an inflationary model, capped at a maximum annual inflation rate of 6.5%, which will be distributed to all coin holders who participate in staking on active nodes through block rewards.
Of the initial 1 billion xx coins, a mere 5% were in circulation at the genesis stage. The coins allocated to the xx network developers and xx Foundation are subject to a 3-year vesting period, commencing at genesis. Notably, over 90% of xx network coin holders have voluntarily opted to lock their coins into 6-12 month vesting schedules, effective from genesis, and are currently staking these coins to earn rewards.
The Visionaries Behind xx network: Meet the Founders
The xx network team takes pride in its genuinely global footprint, boasting collaborative and remote offices spanning the globe. At the helm, the primary development team is headquartered in the Cayman Islands, complemented by a substantial presence in Los Angeles, CA.
At the helm of xx labs, David Chaum, a trailblazing cryptocurrency pioneer, has been driving the development of cutting-edge, privacy-focused technology since 2016.
David Chaum, a trailblazing blockchain researcher and esteemed cryptographer, has been a stalwart advocate for privacy. As early as 1979, Chaum pioneered a solution for safeguarding metadata through the innovative application of mix-cascade networks. His 1982 doctoral dissertation at the University of California, Berkeley, marked a seminal moment in the history of blockchain technology, as it presented the first known proposal for a blockchain protocol. Chaum’s groundbreaking work continued with the development of eCash, the inaugural digital currency, and his significant contributions to secure voting technology. Today, as the leader of the xx network, Chaum leverages his extensive research and expertise in cryptography and privacy to deliver cutting-edge blockchain solutions. To delve deeper into the accomplishments of David Chaum, visit
www.chaum.com
.