Cuma, Şubat 23, 2024
Ana SayfaCrypto NewsWhat is XX Coin ?

What is XX Coin ?

What is XX Coin ?

The xx coin is the native digital currency of the xx network. The xx coin secures the network through staking, enables payments, incentivizes governance, and acts as the network’s economic vehicle. To achieve this, the xx coin is both cryptographically and structurally unique. Coins rely upon one-time-use hash-based signatures. They provide quantum-security that can be used to construct denominated payments which, when combined with xx network usage, facilitate even more private payments.

xx coin technology is capable of supporting many coin structures, including:

  • Denominated coins emulate physical money by having pre-set values, which are base-two numbers such as 1, 2, 4, 8, 16, 32, etc .
  • Wallets allow users to have a multi-use address in order to send and receive xx coins. This is achieved by linking a list of hash-based public keys to the wallet address. Transactions sent via wallets lack the privacy properties offered by denominated coins.
  • Multi-signature, whether denominated or wallet based, requires signatures from different parties in order to be spent. This type can be used to escrow funds, share custody, and act as the core operation in dApp consensus.

Denominated xx coins are tailored to leverage the unprecedented privacy provided by the network’s communications layer. Payments are split into multiple denominated coins that form individual transactions indistinguishable from one another. After being processed by the communications layer, transactions are provided to the current leader of consensus, who has no way of identifying how much money is being spent or is owned by each user.

xx coins can be converted to paid postage in order to send paid mix packets through the xx network. Free postage is made available to all users in limited quantities to support free . A critical goal of the xx network is to broadly distribute coin ownership by MainNet in order to ensure robustness of the network, create egalitarian incentives, and support decentralization.

Wallet : 6WGZrqKKMggYa6HgkDp2rpcpajejWrfQvDzV5YiG1qPvyqSz

Information found on CoinMeoow is those of writers quoted. It does not represent the opinions of CoinMeoow on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

You can follow us on TELEGRAM to be instantly informed about the latest developments!

Disclaimer: This is a press release and what is written here does not reflect the views of the team and does not constitute investment advice. High risk of loss should be taken into consideration in leveraged transactions, cryptocurrency investments, and pre-sale purchases, and extensive research should be done before investing in any platform.

Önceki İçerik
Sonraki İçerik


Lütfen yorumunuzu giriniz!
Lütfen isminizi buraya giriniz

Most Popular