Testing the xx network for MainNet launch
The first node on the xx BetaNet, located in Seville, Spain was onboarded in late June 2020. By early November 2020, the BetaNet included over 200 nodes located in 8 separate geographic regions: Central Europe, Middle East, Western Europe, Africa, Russia, Asia, The Americas, and Eastern Europe.
By the end of November 2020, 35B transactions had been processed with messaging latency between 2 and 2.5 seconds. Throughput for messaging is expected to scale to tens of thousands of messages per second as the network grows in MainNet.
Payment and value transactions will support global volume at thousands of transactions per second (and could go to 10,000 TPS with gigabit network connections). Transactions running through cMix are expected to have a time to finality of under 10 seconds.
We launched and tested the xx network via the BetaNet to achieve 6 objectives:
Objective 1: Open Source Code for Node and Community Review
Objective 2: Establish Model for Node Selection, Onboarding, and Deployment to Ensure Network Stability and Performance
Objective 3: Create a Framework and Mechanisms for xx coin Node Rewards
Objective 4: Grow a Healthy Decentralized, Global Node Community
Objective 5: Identify and Resolve Network and Communications Problems and Identify and Address Software Bugs
Objective 6: Track Node Performance with Public Review/Dashboard and Optimize the Network
We’re pleased to announce that the launch, testing and analysis of the xx BetaNet helped us achieve all 6 objectives. We are now preparing in earnest for the launch of the xx MainNet (late 2021). Stay connected with us to be notified when we launch the MainNet!