xx coin
Denominations
CodeXX
Development
Original author(s)David Chaum
White paperhttps://xx.network/wp-content/uploads/2021/10/xx-whitepaper-v2.0.pdf
Initial releaseNovember 17th, 2021
Code repositorygit.xx.network
Development statusActive
Ledger
Timestamping schemeNominated Proof of stake
Website
Websitexx.network

The xx network is a blockchain platform that combines cryptocurrency functionality and communication features. It was developed by cryptographer David Chaum, known for his pioneering work in digital currency and privacy technology dating back to the 1980s.[1][2][3][4][5][6]

xx coin (abbreviation: XX[a]), (previously known as Elixxir and Praxxis[7][8][9]), is the native cryptocurrency of the xx network.[10]

The xx network integrates quantum-resistant blockchain technology with privacy-focused communication features. It is designed to protect against both current and future privacy threats, including those potentially emerging from advances in quantum computing.[11][12][13][14]

History

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The xx network launched in 2020, with its mainnet becoming operational in 2021.[15][16] The project was founded by David Chaum, who previously developed eCash[17] in the 1990s and conducted research in anonymous communication systems, particularly mix networks.[18][19]

Technology

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The xx network incorporates several technological elements in its architecture:

cMixx Protocol

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The network employs a mixing protocol (or mix network) called cMixx, designed to protect metadata in communications and transactions.[20][21][22]Note that cMixx (with two "x") is the xx network software implementation of Mr. Chaum's cMix (with a single "x") cryptography for anonymous communications presented in his "cMix: Mixing with Minimal Real-Time Asymmetric Cryptographic Operations" paper.[23][24][25]

xx consensus

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The xx network uses a nominated proof-of-stake (nPoS), as its consensus mechanism similarly to the Polkadot blockhain, which allows token holders to participate in network governance and node operation.[26][27][28]

Quantum Resistance

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The network incorporates cryptographic methods intended to resist potential future attacks from quantum computers.[29][30][31][32][33]

xx coin

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The xx coin (XX) serves as the native cryptocurrency of the xx network. It is used for:

  • Network governance
  • Payment for network services
  • Staking and node operation
  • Transaction fee settlement

Applications

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Several decentralized applications operate on the xx network:

  • xx messenger: A decentralized messaging application, using the cMix protocol aiming to offer metadata protection and quantum-resistant encryption.[34][35][36][37][38]
  • Phoenixx.io: A decentralized application (dApp) that integrates Web3 functionality with private communication features.[39]
  • Proxxy: A privacy-enhancement tool that acts as an intermediary between users' wallets and RPC providers to reduce metadata collection.[40][41]
  • haven.xx.network: A decentralized social networking platform that prioritizes privacy and resistance to surveillance.[42][43]

Team

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The project is led by David Chaum, who serves as the founder and CEO. Chaum's previous work includes DigiCash (eCash), Elixxir, and Praxxis.[44][45] The xx network team comprises experts in cryptography, distributed systems, and blockchain technology.[46][47]

References

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  1. ^ Greenberg, Andy (January 6, 2016). "The Father of Online Anonymity Has a Plan to End the Crypto War". Wired Magazine. Archived from the original on May 7, 2023. Retrieved February 8, 2022.
  2. ^ "Meet The Godfather Of Crypto, Who's Been Working On Digital Currency Since The Early 80s". Bloomberg News. May 27, 2019. Archived from the original on 2022-03-05. Retrieved 2022-03-05.
  3. ^ https://www.wsj.com/articles/crypto-pioneer-david-chaum-says-hes-built-a-better-bitcoin-1537405201
  4. ^ https://web.archive.org/web/19990427142412/https://www.nextmagazine.nl/ecash.htm
  5. ^ "The Genesis Files: How David Chaum's eCash Spawned a Cypherpunk Dream". 24 April 2018.
  6. ^ https://chaum.com/
  7. ^ "The Genesis Files: How David Chaum's eCash Spawned a Cypherpunk Dream". 24 April 2018.
  8. ^ "WATCH: David Chaum Explains His New 'Quantum-Resistant' Crypto, Praxxis". 21 October 2019.
  9. ^ "Cypherpunk Forefather David Chaum, on His Thoughts and Plans for 2019". Forbes.
  10. ^ https://cointelegraph.com/news/elixxir-announces-its-new-privacy-minded-token-the-xx-coin
  11. ^ "The quantum future is coming and David Chaum's xx network is ready for it - Inside Quantum Technology". June 2022.
  12. ^ https://cointelegraph.com/news/ethereum-quantum-emergency-cryptography
  13. ^ "Crypto pioneer David Chaum says web3 is 'computing with a conscience'". 25 January 2022.
  14. ^ "Blockchain".
  15. ^ "MainNet Announcement". 23 July 2021.
  16. ^ "Xx network sells $9.7M in xx coins" (Press release).
  17. ^ "ECash: Overview, Rise and Fall".
  18. ^ Chaum, David L. (1981). "Untraceable electronic mail, return addresses, and digital pseudonyms". Communications of the ACM. 24 (2): 84–90. doi:10.1145/358549.358563. S2CID 30340230.
  19. ^ "New Anonymous Communication Network PrivaTegrity Launched". 13 January 2016.
  20. ^ "New Anonymous Communication Network PrivaTegrity Launched". 13 January 2016.
  21. ^ "Talk: Anonymity in practice: Xx network, 12-1pm EDT 10/4 online".
  22. ^ https://xx.network/wp-content/uploads/2021/10/xxcMixwhitepaper.pdf
  23. ^ https://eprint.iacr.org/2016/008.pdf
  24. ^ Chaum, David L. (1981). "Untraceable electronic mail, return addresses, and digital pseudonyms". Communications of the ACM. 24 (2): 84–90. doi:10.1145/358549.358563.
  25. ^ "What is cMixx? Is it Different from cMix?". 15 September 2023.
  26. ^ "Polkadot (DOT): Definition, History, and How It Works".
  27. ^ "Blockchain".
  28. ^ https://learn.bybit.com/en/glossary/definition-nominated-proof-of-stake-npos/
  29. ^ "WATCH: David Chaum Explains His New 'Quantum-Resistant' Crypto, Praxxis". 21 October 2019.
  30. ^ "'I Jumped in with All 4': Legendary Cryptographer David Chaum on the Future of Web3". 8 June 2022.
  31. ^ "The quantum future is coming and David Chaum's xx network is ready for it - Inside Quantum Technology". June 2022.
  32. ^ "'Father of Cryptocurrency' David Chaum Discusses Quantum-Resistant Digital Currency, Web 3 Development, Satoshi Identity Mystery and More".
  33. ^ https://cointelegraph.com/news/david-chaum-says-his-new-cryptocurrency-is-quantum-computer-resistant
  34. ^ "Xx messenger - Apps on Google Play".
  35. ^ "Elixxir / Xx Messenger Android · GitLab".
  36. ^ "First Quantum-Resistant Messaging App Now Available on Android, iOS! What is XX Messenger?". 25 January 2022.
  37. ^ "Todos los secretos que el cripto pionero David Chaum le reveló a Forbes".
  38. ^ "Así es XX Messenger, la app de mensajería que evita que te espíen".
  39. ^ https://phoenixx.io/
  40. ^ https://proxxy.xx.network/
  41. ^ "Proxxy | xx Network Docs".
  42. ^ https://haven.xx.network/
  43. ^ "Elixxir / Haven · GitLab".
  44. ^ "Crypto pioneer David Chaum announces digital currency Praxxis". 21 August 2019.
  45. ^ https://www.theblock.co/post/36791/crypto-forefather-david-chaum-issues-new-digital-currency-intended-as-a-paradigm-shift-from-bitcoin
  46. ^ "Directory".
  47. ^ https://www.crowdfundinsider.com/2019/11/154425-digital-currency-pioneer-david-chaum-announces-upcoming-release-of-xx-network-a-blockchain-for-conducting-secure-transctions/
  1. ^ Cryptocurrency do not have a formal ISO 4217 alpha-3 code. "XX" is informal only.