XX Coin for Decentralized Messaging, Payments, and DApp
Elixxir President Jim Dolbear earlier today announced the launch of XX coin. The digital currency will revolutionize payment and communication by supporting decentralized messaging, dApps and payment. Additionally, the coin will work on its associated platform, XX network.
“The way this all unfolded originally had to do with privacy associated with political expression. Who are you talking to, what are you reading? We’re trying to allow people to control their own metadata.”
Earlier on, Elixxir CEO David Chaum had highlighted that the xx coin and xx network would serve dApp developers and smartphone users through harnessing both privacy and metadata-shredding anonymity. On top, the platform will also feature security, scalability of praxis and high speeds. The CEO further demonstrated that integration of the three projects resolves tension between privacy/security and speed scale. Elixxir scheduled release of the xx network beta version to early 2020; promising a substantial and lightweight integration between Praxis and Elixxir. The network runs on 600 independent nodes that the company selected at the start of the year. Praxis Chief of Operations William Carter stated:
“To support users worldwide, we need low-latency, high-speed performance at scale. The xx coin provides a way for Praxxis and Elixxir software to achieve these goals running on the decentralized xx network. The next step is beta!”
Dolbear also promised that technical details and further information on the distribution of XX coin would be revealed later on; during an event at the National Research Institute for Mathematics and Computer Science. The event will be held next week in Amsterdam.
xx cryptocurrency is quantum-resistant
Meanwhile, David Chaum noted that the new coin will be quantum-resistant. Remember the CEO championed Praxis in August for its quality resistance against quantum computation attacks. Furthermore, the inventor illustrated that the Praxis consensus protocol simultaneously overcomes scalability, privacy and security challenges plaquing legacy blockchains; in delivery of purely peer to peer version of electronic cash.
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Richard M AdrianBlockchain Analyst with a demonstrated history of working in the writing and editing industry. Skilled in WordPress, Editing, SEO Copywriting, Copy Editing, and Blog Marketing. When I am not writing, analyzing bulls/bears - I will be listening to music, reading a thrilling novella or hiking. Email me at Richardmadrian@gmail.com - And we could talk about anything - business or dragons.
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