Built upon the reliable and tested Monero, the X-Cash blockchain has evolved to bring new features in the private cryptocurrency space. To become the toolbox for managing privacy on the Web3.0, the blockchain network designed the three following technological pillars:
One single wallet on a single blockchain can be used to perform public and private transaction at the discretion of the users. This enables anonymity to be used when privacy is needed while allowing for transparent transaction when required.
Always putting the user experience first, X-Cash is the first blockchain to offer this feature with such a high level of ease from the user perspective.
Secured & Unfalsifiable
Private and public transactions are cryptographically signed in large fixed ring sized transactions.
The X-Cash Public Network is secured by delegates, elected in their position by XCASH holders. By providing your vote through a stake in XCASH, you are electing a representative to secure the network and forge new blocks, which will in return split the block reward with you.
The unique implementation of DBFT into the consensus process enables the X-Cash blockchain to become immune to forks, henceforth instantly validating new transactions.
Randomized Block Producer Selection
The selection of the next delegate in charge of forging a block is completely randomized through the use of Verifiable Random Functions (VRF), increasing the security of the delegates by preventing attacks to the next block producer.
Stake Delegation with Reserve Proofs
Instead of sending your stake to another wallet to vote toward a delegate, you are providing a cryptographic reserve proof of your funds to your delegate, meaning that you keep complete control of your stake at all times.
X-Cash's true innovation relies in its capacity to onboard users blockchain. Because these blockchain are directly hosted by the delegates, they are secured, customizable and economical.
No hardware needed
A sidechain is a full blockchain which is hosted by the delegates. This means that contrary to traditional blockchains, you do not need to rent your own infrastructure.
Easy to code and customizable
The deployment of a sidechain is fully automated and does not require extensive coding skills. Thanks to X-Blockchain modules, you can even choose an already customized blockchain that matches your needs.
Cost effective and scalable
Because a sidechain is your blockchain, you can set how many delegates will host it and how many sidechains you will need. Therefore, sidechains can perfectly match and grow with your needs which makes them cost effective.
The open-source X-Cash Project is developed by the X-Cash Foundation, a non-profit organization created for the sole purpose of managing X-Cash.
XCASH, the native currency used for governance, creating sidechains and smart-contracts, is powering the different products and services of the X-Cash blockchain.
Read the latest news about the X-Cash project.
Today, we think that it’s necessary to take the time and take a step back to write about the latest development in the X-Cash ecosystem.
X-Network, the primary contributor of X-Cash development, will perform a buy-back of 823,298,491 XCASH in a 3 months period starting Wednesday, September 16th, 2020.
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