The Birth of xx Coin
In a lively fireside chat at BlockShow Asia 2019, Jim Dolbear, the President of Elixxir, pulled back the curtain on an exciting new digital currency: xx coin. Designed to support decentralized messaging, payments, and various dApps, this currency aims at revolutionizing the way we communicate and transact online. Dolbear emphasized the project’s roots in tackling privacy issues in political discourse. “Who are you talking to, what are you reading?” he pondered, highlighting the importance of safeguarding user metadata.
Bringing Privacy and Security Together
During the same event, Elixxir’s CEO, the legendary David Chaum, articulated the vision behind xx coin and its associated xx network. He noted that the platform would marry the anonymity and privacy of Elixxir with the speed and scalability provided by Praxxis. Chaum described the xx network as a groundbreaking solution that strikes a balance between privacy, speed, and the security concerns plaguing traditional blockchain systems.
The Role of Praxxis
Praxxis, as detailed by COO William Carter, is a pivotal player in this dynamic. “To support users worldwide, we need low-latency, high-speed performance at scale,” he stated confidently. This partnership is designed to ensure that the xx coin can function efficiently on a decentralized network of 600 independent nodes. Talk about a “cooperative endeavor” in the digital world!
What’s Next for xx Coin?
Mark your calendars, folks! The xx network beta is set for release in early 2020 and is expected to integrate Elixxir and Praxxis meaningfully. Technical specifics and distribution plans for xx coin will be unveiled at an upcoming conference in Amsterdam. If you thought you were excited before, just wait until that announcement!
Quantum Resistance: The Future-Proofing of xx Coin
One of the most fascinating aspects is the claim of quantum resistance. Chaum indicated that XXCoin is equipped to handle the challenges posed by quantum computing threats. Drawing on the foundational principles set by Satoshi Nakamoto in the Bitcoin whitepaper, the xx network promises to offer not just a cryptocurrency but an advanced solution to the blockchain trilemma.
A New Era of Digital Currency
The xx coin isn’t merely another addition to the growing cryptocurrency market; it aims to address the innate problems that existing systems face. By blending privacy, security, and functionality into one cohesive platform, xx coin could very well lead us into a new era of digital currency that empowers not just tech enthusiasts but everyday users too. Who knew decentralization could sound so exciting? Time to buckle up!
