What are the xx network, Praxxis and Elixxir?
xx network combines the quantum secure, high performance digital currency and consensus protocol of Praxxis with the privacy-protecting, high speed mix technology of Elixxir. The result is the first efficient online platform that allows you to quickly and securely communicate and exchange value on your smartphone without revealing your metadata. While many messaging platforms are encrypted, no others hide metadata -- information about your activity -- from organizations that collect and sell data. xx does.
Praxxis has developed a next-generation, quantum secure blockchain which hosts the xx coin digital currency using a unique consensus protocol. After transactions are mixed through Elixxir, payments are passed to the decentralized xx nodes running the xx consensus protocol to be confirmed and added to the blockchain. xx network is the only quantum secure, meta data shredding blockchain solution that can combine the speed, scalability, and security properties needed for blockchain technology to achieve mass adoption.
Elixxir technology protects privacy by combining end-to-end encryption with cMix, a revolutionary metadata shredding technology which obscures metadata for messaging and payments and data transfer. With Elixxir, all transactions are mixed together in batches or “anonymity sets” and processed together, thereby shredding all metadata and preventing third parties from analyzing activity patterns and connecting senders to receivers.
Metadata is data about data, like who sent a message or payment, who received it, where it was sent from, and what time it was sent. When metadata is collected and analyzed and exploited by tech companies and governments, it reveals a lot about consumer behavior. xx network fully obscures metadata offering secure, encrypted communications and payments on the first truly private, anonymous, scalable and fast platform. With xx, you can transact with friends, family, and service providers without the fear of being spied upon.