One minute to understand the value of XX network: summary of ten highlights

Team and investors

1. The founder & CEO of xx network is a well-known cryptographer, the father of cryptocurrency, and a pioneer in network security: David Chaum (David Chaum), he is also the initiator of cypherpunk, the world’s first cryptocurrency eCash founder Human, the proponent and promoter of decentralized ideas, is the spiritual leader in the field of global cryptography . Most of the team members come from the fields of computer engineering and cryptography. The core technical members and David have cooperated or independently published many professional papers, and the theoretical foundation is extremely deep.

fcfd9f724b17c262408d93a56de1755f

2, the main institutional investors: Roger Ver (bits Jesus), Chris Larsen ( reboxetine (founder), Peter Vessenes Bitcoin Foundation President, Capital6 Eagle, Ying Wu (Wu Ying), Hanwha Group (South Korean Hanwha), etc., focused web3 .0 track, strong.

Technology and Application

3. xx network is the infrastructure to realize secure and trustless network in the Web3.0 era. It is the first time to realize privacy protection at the same time at the level of blockchain ledger and smart contract.

4. Metadata mixing technology-cMix , proposed and perfected by David Chaum, is one of the best privacy protection technologies today , breaking through the bottleneck of commonly used privacy protection technologies in terms of performance and computing power, and the technical threshold is extremely high.

5. For the first time, xx network has implemented a stateful hash-based anti-quantum algorithm on a decentralized network , protecting the security of assets on the xx chain in the post-quantum era, and at the same time for most of today The blockchain project provides solutions and practical references for the smooth transition of anti-quantum blockchain.

6. In the field of digital assets and blockchain, the defect that cannot effectively protect the privacy of assets and smart contracts on the chain is solved. This defect constitutes the main cause of security incidents in current blockchain applications (such as DEFI, cross-chain).

7. The current popular file encryption and communication encryption technologies will not be able to withstand the threat of quantum computers to the security of the digital world. xx network is the only network that is quantum safe and privacy-protected so far . Its applications include but are not limited to: secure transmission and privacy protection of data such as commerce, finance, government affairs, people’s livelihood, digital assets, data assets, various digital certificates, signatures, passwords, etc., which can greatly reduce the secure communication between various organizations and enterprises The cost of infrastructure and upgrading of facilities, as well as the cost of operation and maintenance. Ensure that the above data and digital assets are protected from the immeasurable loss caused by cracking in the post-quantum era.

8. The xx network team is serious and cautious about the technology. The test network has been running for more than a year. There are already 600+ nodes in the world maintaining the normal operation of the test network. The main network will be launched on time in October.

Economic model

9. The network incentive layer adopts the nominated proof-of-stake mechanism (NPoS), which takes into account the competition and balance between nodes. At the same time, NPoS is also an excellent incentive mechanism that has been verified to ensure that nodes participate in the construction of the network.

10. The team and the foundation locked part of the pledge nomination, but no dividends, to ensure the decentralization of the network, maintain the smooth operation of the network, and maintain the balance between users, the market, and miners . Users will not be deterred by rising fees, the market will not fluctuate due to liquidity fluctuations, and miners will not dilute their earnings due to the rapid increase in computing power.

 

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/one-minute-to-understand-the-value-of-xx-network-summary-of-ten-highlights/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

Like (15)
Donate Buy me a coffee Buy me a coffee
Previous 2021-08-19 11:12
Next 2021-08-19 11:15

Related articles