What is xx.network (XXC)?
The xx.network (XXC) is a revolutionary blockchain platform that uniquely combines quantum-resistant technology with a strong focus on privacy, particularly in protecting user metadata. It addresses the growing concern over centralized control and privacy breaches in the digital world by decentralizing power to its users and securing communications and transactions against future quantum computing threats. Utilizing its proprietary xx cMix technology, the xx.network ensures that both the content and metadata of digital interactions are secure, setting it apart from traditional platforms. This makes it an ideal choice for individuals and organizations seeking a future-proof, privacy-focused blockchain solution.
Who Are the Founders of xx.network?
David Chaum, a renowned figure in cryptography and privacy technologies, is the original founder of the xx network and the CEO of Elixxir. He is celebrated as the inventor of digital cash, marking significant contributions to the field of cryptography. His notable work includes the development of cryptographic "vault systems," a precursor to blockchain technology, and the creation of eCash, the world's first digital currency, in 1995 through his company DigiCash. eCash was notable for its use of cryptographic blind signatures, offering a form of anonymous digital cash. Chaum, holding a Ph.D. in computer science from UC Berkeley and having taught at prestigious institutions like NYU Graduate School of Business and the University of California, is also the founder of the International Association for Cryptologic Research. The xx network, under his guidance, emerges as the first consumer-scale, quantum-secure online platform, enabling secure communication and value exchange while safeguarding user metadata.
What Makes xx coin Unique?
The xx coin, integral to the xx network, sets itself apart through its emphasis on quantum-resistant cryptography, privacy protection, and decentralized governance, alongside a strong focus on ecosystem development. It is uniquely designed to safeguard against future quantum computing threats, ensuring that users' assets and communications remain secure. The network goes beyond typical transaction anonymity, protecting metadata to offer unprecedented levels of digital privacy. With its decentralized governance model, the xx network empowers coin holders to directly influence its evolution through a democratic process. The incentive structure rewards participation across various roles, from node operation to ecosystem contributions, fostering active engagement and innovation. Moreover, the xx network’s scalability and the dual utility of the xx coin for transactions and accessing private communication services highlight its comprehensive approach. This blend of features underscores the xx coin’s commitment to creating a secure, private, and inclusive digital future, positioning it as a forward-thinking solution in the blockchain and cryptocurrency domain.
The xx network stands out for its comprehensive privacy features, designed to secure user communications and transactions against both existing and future threats. Central to its privacy approach is the use of quantum-resistant cryptography, ensuring that user data remains secure even in the face of advancing quantum computing capabilities. The network goes beyond traditional content encryption by also protecting communication metadata, thus preventing third parties from tracking user interactions. This is enhanced by end-to-end encryption across all communications, granting users full confidentiality. The xx network also prioritizes user control over personal data, contrasting sharply with platforms that exploit user information without consent. Anticipated features such as private smart contracts and ephemeral messaging further reinforce the network’s privacy, enabling secure and temporary communication channels. Collectively, these features position the xx network as a pioneering solution for users seeking a secure, private digital space free from surveillance and data exploitation, setting a new benchmark for privacy within the blockchain ecosystem.
Why Issue XX Coins on the XRPL
Issuing XX coins on the XRPL is a strategic decision by the xx.network to enhance accessibility, liquidity, and interoperability within the wider cryptocurrency ecosystem. Leveraging the XRPL's efficient, high-speed, and low-cost transaction infrastructure, this move aims to broaden the reach and usability of XX coins, attracting a larger user base. It serves as an immediate solution for seamless transactions and exchanges while a more comprehensive bridge between the xx.network and other platforms is in development. Additionally, integrating with XRPL's stable and compliant environment helps increase the market presence and credibility of XX coins, fostering community growth and ensuring secure and reliable transactions.
XX Coins Tokenomics
Total Supply: The xx network features a fixed total supply of 1 billion xx coins at the launch of its MainNet.
Distribution: The coins are allocated across several categories, including BetaNet rewards, staking rewards, coin sales, team, and foundation, each designed to incentivize participation, development, and long-term sustainability.
Staking Rewards: Constituting 30% of the total supply, these rewards are designed to incentivize users to stake their coins early in the MainNet, enhancing network security through a proof-of-stake mechanism.
BetaNet Rewards: 5% of the total supply is reserved for BetaNet node operators and community airdrops, rewarding early supporters and testers of the network.
Decentralized Governance: xx coin holders can participate in the network's governance, proposing, seconding, and voting on referendums that can alter the network's direction, policies, and features.
Nominated Proof of Stake (NPoS): This mechanism encourages xx coin holders to actively participate in the network's security by nominating validators, running nodes, and engaging in governance.
Private Communications and Transactions: The xx coin is used to facilitate private communications and secure transactions within the network, leveraging quantum-resistant cryptography to protect against future technological advances.
Postage: Users can stake or spend xx coins to acquire postage, allowing them to utilize the network's mixnet for private communications and data transfer.
Deflationary to Inflationary Model: The xx network starts with a deflationary model, with a portion of coins being burned at intervals, transitioning to an inflationary model with a maximum annual supply inflation rate of 6.5% distributed via block rewards to stakers.
Era Rewards: Rewards are distributed in eras, periods during which validators and nominators receive xx coins based on their participation and performance, ensuring active engagement and contribution to the network's health.
Slashing: To ensure network integrity, staked xx coins are at risk of being slashed in the event of misbehavior by validators or nodes, acting as a deterrent against malicious activities.
Unbonding Period: Withdrawal of staked coins involves a 28-day unbonding period, providing a window to address any potential disputes or penalize misbehavior.
Circulating Supply: Initially low due to vesting schedules for team and early investors, the circulating supply is carefully managed to support network growth and stability.
Liquidity Provision: Incentives are offered for providing liquidity to decentralized exchanges, ensuring the xx coin's accessibility and exchangeability.
Read more about. xx.network
Learn more about xx.network Ecosystem.
Visit xx.network website.
Where Can You Buy xx.network?
XX Coins is a token trading on the XRP ledger DEX, the most straight forward way to acquire XX Coins tokens would be to purchase them through XRPL DEX.
How to stay tuned for further updates?
If you wish to receive more updates about the xx.network ecosystem and upcoming events, we suggest you follow @xx_network on Twitter.