xx coin
Low-cost, quantum-ready and metadata-protected. A next-gen currency to protect against next-gen threats.
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A new easy-to-use digital currency. Designed to be the most secure and usable digital currency available today.
A next-gen digital currency
Quantum-secure, low fees, and metadata-protected. What digital currencies were meant to be.
xx network Projects FAQ
xx coin is a secure digital currency. xx network users can trade the coin with other users and businesses while facilitating operations on the xx network. xx coin is used to incentivize governance that enforces the network’s transparent operations and empowers users to participate in the decentralized ecosystem. Individuals can also use xx coin to pay for high-volume usage, effect payments, and dApp incentivization.
Before MainNet launch, the xx coin was made available to non-U.S. persons in limited public sales. To learn more, please visit the xx coin project page.
Please visit the xx coin project page for information about tokenomics and distribution.
xx consensus is the unique consensus protocol that protects and secures the xx network blockchain. After transactional data is neutralized through xx cMix, payments are passed to the decentralized xx nodes running the xx consensus protocol. The nodes then confirm transactions and add them to the xx blockchain. Learn more in the xx consensus whitepaper.
xx cMix is the end-to-end encryption tool we use to protect your privacy. It uses a revolutionary metadata shredding technology that obscures the metadata you share when sending messages, making payments, and transferring data. xx cMix does this by mixing all transactions together in batches or “anonymity sets” and processing them simultaneously, which shreds all metadata and prevents third parties from analyzing activity patterns and connecting senders to recipients. Read more about it in the xx cMix whitepaper.
xx messenger is free for consumers. Users running decentralized applications, smart contracts, and businesses on the xx network will be able to use xx coins to purchase higher bandwidth.
Downloading xx messenger is quick and easy. Visit the xx messenger page to get started.
Blockchain Technology FAQ
In the xx network, dApps (short for decentralized applications) refer to the numerous solutions we offer to those who require high-speed and secure transaction support.
Our flagship dApp, xx messenger, allows users to communicate without revealing their contact database, messaging activity, or content to third parties, including the network itself.
The xx network team is developing additional dApps that will use xx network’s cutting-edge technology to innovate new and exciting sectors. Areas of focus include decentralized fact-checking/content curation, the DeFi market, and better smart contracts.
Despite its potential to penetrate our day-to-day lives, blockchain remains a mysterious technology to many. It doesn’t need to be that way!
In essence, blockchain gives power to the users, removing the incentive and ability of self-interested organizations to take advantage of user data. Blockchain underpins the incentivized governance mechanisms that power decentralization and puts users and other stakeholders in control of the development and operation of the platform.
Existing social media and payment platforms have built their businesses on the monetization of your data, leading to negative outcomes like election manipulation and the selling and leaking of personal data that we regularly see in news headlines. The xx network transforms this narrative by taking away the incentive and ability for centralized organizations to abuse your data.
All xx network technology is proudly built by xx labs, our team of cryptography, digital currency, and telecommunication experts spread across the globe. The xx labs team built these platforms, including xx messenger, xx coin, and xx blockchain to be completely decentralized. Today, users from around the globe now oversee the xx network, helping to manage its governance and structure via their roles as coin holders or node operators.
Node Operator FAQ
xx nodes run the xx network. Operators from around the world apply to run nodes for the xx network. Upon approval, they are responsible for running the xx network software. All node operators keep a full copy of the xx blockchain and make sure all operations function as intended. They work in teams with other node operators to complete steps like approving transactions, conducting mixing processes, and completing encryption.
Small teams of nodes are randomly selected from the global population of hundreds of xx nodes to form mixing teams. These teams then precompute the mix and encryption we use for cMix processing.
After completing the precomputation, each team advertises their availability to users so that each user can connect with a team. These mixing teams then process user data in real time. Each user’s data is included in an “anonymity set” consisting of 1,000 pieces of data from other users that includes messages, payment instructions, and/or smart contract information.
These mixing teams are “temporal” because each team is disbanded after it processes its assigned batch. Team nodes return to the general node population, where they are randomly selected to process future batches by participating in another temporal team.
xx nodes also manage and execute xx consensus, where they can play two different roles:
— An xx node can be selected to participate in
an endorsing team that checks and confirms results and reaches consensus for each xx block.
Or
— An xx node can be selected to participate in a block producer team that produces each xx block and records it on the xx blockchain.
As with xx cMix, nodes are randomly selected to participate in these temporal consensus teams. After consensus, teams are disbanded, and new consensus teams are selected randomly for later blocks.
Each node runs the full suite of xx network software, giving the node an equal opportunity to participate as a member of a mixing team, an endorser team, and/or a block producer team for each processed xx block.
Node operators are a valuable part of the xx ecosystem. Nodes receive a share of the reward generated for each block. Assuming that each node performs well in every role it plays, then, over time, the network will allocate the same amount of block rewards to each node. This is due to the random selection of nodes participating in mixing, endorser, and block producer teams.
However, if nodes do not perform well, they will be penalized and lose some, or all, of the block rewards that they would normally earn.
The xx network nominates nodes to participate in the network based on the number of coins staked to each node. Nodes with the most stake are selected to join the network.
- An unmanipulable and unpredictable node selection process for temporal xx node teams: We randomly select nodes for mixing, endorser, and block producer teams, making it almost impossible for malicious nodes to seize control of these teams.
- New quantum-secure signatures: The new compact, quantum-secure endorser group signatures used by xx network make it impossible for malicious nodes to control these signatures by breaking xx network’s hash-based quantum secure crypto.
- Node staking: Coin holders and node operators are highly motivated to fulfill their roles. They can stake their nodes, earn block rewards, or lose rewards in case of poor performance, which encourages efficient work in the network.
Any xx coin holder can stake and help secure the network, support liquidity, or contribute to governance. xx coin holders that own and control coins with a wallet or an exchange supported by the xx network can easily stake an xx node with their coins. In return, they earn rewards. There are three purposes for staking nodes within the xx network.
- Securing the Network: Staking nodes helps secure the xx network by incentivising node operators and coin holders to perform their tasks efficiently.
- Staking for Liquidity: Staking xx liquidity pools is critical to supporting healthy markets for xx coin. Staking ensures the coin can be circulated and helps support the xx network ecosystem and tokenomics.
- Staking for Governance
Staking xx governance is critical to supporting the improvement and management of the xx network, ecosystem, and tokenomics.
Company FAQ
xx network is the secure and efficient decentralized ecosystem of the future. The network combines the xx consensus protocol with the privacy-protecting xx cMix technology to power a full suite of cutting-edge tech. The result is the first efficient online platform that allows you to quickly and securely communicate and exchange digital currencies on your smartphone without risking the safety of your metadata. While many messaging platforms are encrypted, no one protects your metadata the way we do. Read more about the xx network in our designated whitepaper.
The xx network team and company are proud to be truly global, with collaborative and remote offices around the world. For example, we developed our xx coin digital currency and consensus technology in the Cayman Islands and the xx cMix privacy layer in Los Angeles.
David Chaum, cryptocurrency pioneer, proudly leads the xx network and has spearheaded the development of its privacy-centered tech since 2016.
David Chaum is one of the earliest blockchain researchers and a world-renowned cryptographer and privacy advocate. Chaum first proposed a solution for protecting metadata using mix-cascade networks in 1979. In 1982, his dissertation at the University of California, Berkeley became the first known proposal of a blockchain protocol. Later, Chaum went on to develop eCash, the first digital currency, and has also made numerous contributions to secure voting technology. Today, Chaum leads the xx network, which synthesizes his decades of research experience with his contributions in cryptography and privacy to deliver state-of-the-art blockchain solutions. To learn more about David Chaum, visit www.chaum.com.
The aim of cryptocurrencies (and blockchain more generally) is to decentralize ownership and power, so that coin holders, nodes, and users have control, rather than entrenched, centralized entities. To a large extent, the blockchain movement is a reaction to a global history of self-serving groups attaining power at the expense of the individual.
In the modern tech world, the introduction of the high-speed, global internet has enabled email, social media, and mobile applications to transform the way we communicate and exchange value. However, mainstream companies that have become dominant during this transformation have proven unwilling or unable to protect user privacy and, instead, have prioritized maximizing profits with exploitative advertising.
xx network implements blockchain technology and encryption that obscures metadata to offer a truly private and decentralized messaging and payment platform. With xx network technology, there is no way for any third party — including governments, tech companies, or even the network itself — to see information about the sender or recipient(s) of communications or payments. Plus, the xx network operates seamlessly so that users can send messages and payments just as quickly as they can with any traditional network.
Since the early days of bitcoin, many projects have attempted to develop decentralized platforms that can support global payments systems.
However, these networks have been burdened by large fees, slow payment confirmation, high energy consumption, and outdated cryptography. This has slowed user adoption and prevented decentralized networks from moving fully away from centralization.
xx network is the first blockchain to simultaneously achieve decentralization, speed, and privacy while maintaining quantum-secure technology. Rather than using PoS or PoW, xx network uses a novel quantum-resistant consensus protocol that enables maximum performance. Our xx cMix integrates metadata shredding to ensure privacy goes above and beyond simple message encryption.
The xx movement is a diverse group of individuals from around the globe that care about protecting personal data in messages and the blockchain; we invite you to join us!
Connect with the xx community across the web on YouTube, Twitter, Telegram, and Discord. To learn more about xx network, read our whitepapers!
Node Operator FAQ
xx nodes run the xx network. Operators from around the world apply to run nodes for the xx network. Upon approval, they are responsible for running the xx network software. All node operators keep a full copy of the xx blockchain and make sure all operations function as intended. They work in teams with other node operators to complete steps like approving transactions, conducting mixing processes, and completing encryption.
Small teams of nodes are randomly selected from the global population of hundreds of xx nodes to form mixing teams. These teams then precompute the mix and encryption we use for cMix processing.
After completing the precomputation, each team advertises their availability to users so that each user can connect with a team. These mixing teams then process user data in real time. Each user’s data is included in an “anonymity set” consisting of 1,000 pieces of data from other users that includes messages, payment instructions, and/or smart contract information.
These mixing teams are “temporal” because each team is disbanded after it processes its assigned batch. Team nodes return to the general node population, where they are randomly selected to process future batches by participating in another temporal team.
xx nodes also manage and execute xx consensus, where they can play two different roles:
— An xx node can be selected to participate in
an endorsing team that checks and confirms results and reaches consensus for each xx block.
Or
— An xx node can be selected to participate in a block producer team that produces each xx block and records it on the xx blockchain.
As with xx cMix, nodes are randomly selected to participate in these temporal consensus teams. After consensus, teams are disbanded, and new consensus teams are selected randomly for later blocks.
Each node runs the full suite of xx network software, giving the node an equal opportunity to participate as a member of a mixing team, an endorser team, and/or a block producer team for each processed xx block.
Node operators are a valuable part of the xx ecosystem. Nodes receive a share of the reward generated for each block. Assuming that each node performs well in every role it plays, then, over time, the network will allocate the same amount of block rewards to each node. This is due to the random selection of nodes participating in mixing, endorser, and block producer teams.
However, if nodes do not perform well, they will be penalized and lose some, or all, of the block rewards that they would normally earn.
The xx network nominates nodes to participate in the network based on the number of coins staked to each node. Nodes with the most stake are selected to join the network.
- An unmanipulable and unpredictable node selection process for temporal xx node teams: We randomly select nodes for mixing, endorser, and block producer teams, making it almost impossible for malicious nodes to seize control of these teams.
- New quantum-secure signatures: The new compact, quantum-secure endorser group signatures used by xx network make it impossible for malicious nodes to control these signatures by breaking xx network’s hash-based quantum secure crypto.
- Node staking: Coin holders and node operators are highly motivated to fulfill their roles. They can stake their nodes, earn block rewards, or lose rewards in case of poor performance, which encourages efficient work in the network.
Any xx coin holder can stake and help secure the network, support liquidity, or contribute to governance. xx coin holders that own and control coins with a wallet or an exchange supported by the xx network can easily stake an xx node with their coins. In return, they earn rewards. There are three purposes for staking nodes within the xx network.
- Securing the Network: Staking nodes helps secure the xx network by incentivising node operators and coin holders to perform their tasks efficiently.
- Staking for Liquidity: Staking xx liquidity pools is critical to supporting healthy markets for xx coin. Staking ensures the coin can be circulated and helps support the xx network ecosystem and tokenomics.
- Staking for Governance
Staking xx governance is critical to supporting the improvement and management of the xx network, ecosystem, and tokenomics.
OUR HISTORY
Dr. David Chaum
Since the early days of Bitcoin, many projects have attempted to develop decentralized platforms capable of providing global-scale payments systems. However, these networks are burdened by hefty fees, slow payment confirmation times, high energy consumption, and outdated cryptography. This has slowed user adoption and prevented decentralized networks from achieving global scale.
Building on his involvement in several successful and cutting-edge blockchain projects, in 2016 Dr. Chaum established xx labs to begin designing a new blockchain protocol. This protocol would maintain the technology’s critical elements of decentralization and speed with even better user privacy and protection from hackers and data miners.
Over the next five years, the essential elements were developed in stealth as xx consensus (quantum-resistant blockchain protocol), xx cMix (privacy layer), and Praxxis/xx coin (digital currency). In 2020, these three innovations were merged to form the xx network.
Creation of the xx network
Since the early days of Bitcoin, many projects have attempted to develop decentralized platforms capable of providing global-scale payments systems. However, these networks are burdened by hefty fees, slow payment confirmation times, high energy consumption, and outdated cryptography. This has slowed user adoption and prevented decentralized networks from achieving global scale.
Building on his involvement in several successful and cutting-edge blockchain projects, in 2016 Dr. Chaum established xx labs to begin designing a new blockchain protocol. This protocol would maintain the technology’s critical elements of decentralization and speed with even better user privacy and protection from hackers and data miners.
Over the next five years, the essential elements were developed in stealth as xx consensus (quantum-resistant blockchain protocol), xx cMix (privacy layer), and Praxxis/xx coin (digital currency). In 2020, these three innovations were merged to form the xx network.
The xx network is a future-proof layer-one blockchain that facilitates thousands of transactions per second and protects against cryptography-breaking quantum computing.
The xx network’s blockchain enables digital sovereignty by putting the users in control of the messaging and payments infrastructure. Use xx coin to vote on network changes and earn xx coin by electing node operators. The xx blockchain utilizes breakthroughs in stake-based consensus protocols to provide energy-efficient and quantum-secure transactions at a scale to meet the needs for global payments.
READ MORE ABOUT OUR TECHNOLOGY BELOW
Build
Joining the xx network MainNet requires two computers that meet the minimum required hardware specifications a cMix node computer and a cMix gateway computer.
The cMix node and gateway computers run the cMix software. Additionally, each cMix node computer acts as an xx network chain validator and each cMix gateway computer acts as an xx network chain node.
The Node Handbook details the procedure and instructions for configuring the OS, installing the required dependencies of the cMix and xx network chain software, and staking the node.
Stake
Staking requires a native xx network wallet for the stash and controller accounts to stake the node with the minimum stake (14,000 xx) through the xx network explorer.
Get Nominated
Get additional xx coins staked on your node through Nominations, which helps maintain the status of an Active Node. Find nominators through the various xx community channels such as our Telegram and Discord channels and the xx network Forum.
Once your node and gateway are live, you can see how your node is doing on the cMix Dashboard.
- Node and Gateway Tarballs
Tarballs are designed for x86-64 Linux distributions and contain everything needed to run xx chain, xx cMixx, including CUDA support. Details of the deployment process can be found on the Node Handbook.
Node
Version: 9
Date: 07/05/2024
SHA256 checksum: 92a9b5b01966fcabeced599beb3a3d406e83cae1a66a5047bf535919e6338029
Gateway
Version: 9
Date: 07/05/2024
SHA256 checksum: f9221065d363b109b51a493ff95517e5d861ae1fdaff7e64576c24b2eb7d7ed5
CanaryNet Resources
Resources for CanaryNet node operators.
Distribution of xx coin rewards based on monthly vesting and distribution schedule
Deferred distribution of xx coin rewards for Canary Net Node participation prior to MainNet
