xx network

Xx network is a platform advertising a protected digital sphere that allows its users to exchange ideas in a secure and private manner. It involves five main components, which include currency, blockchain, nodes, communication, and governance.

Created by xx labs, which was established by David Chaum, xx network is a decentralized ecosystem combining the consensus protocol of xx consensus with the technology of xx cMix, an end-to-end encryption tool powering their projects and obscuring metadata for messaging, payments, and data transfer purposes.

In an interview, David Chaum said,

"The xx coin and xx network will serve smartphone users and dApp developers by harnessing both the metadata-shredding anonymity and privacy of Elixxir and the security, speed and scalability of Praxxis. By successfully bringing the projects together, the xx network resolves the tension between speed/scale and privacy/security."

This is an online platform that allows users to communicate and exchange digital currencies on their smartphones while obscuring their metadata. The company is headquartered in Claremont, California, with other collaborative offices worldwide. Illustratively, xx network developed their xx coin digital currency and consensus technology in the Cayman Islands and developed the xx cMix privacy layer in Los Angeles.

Xx network implements blockchain technology and encryption to offer a private, decentralized messaging and payment platform. This means that with the quantum-resistant technology, third parties like governments, tech companies, or the network itself are unable to see information about the sender or recipients communications or payments. Rather than using PoS or PoW, xx network utilizes a quantum-resistant consensus protocol, and xx cMix integrates metadata shredding to facilitate privacy that goes beyond message encryption.

Xx coin is a digital currency that can be traded among users and businesses. It is used to pay for high-volume usage, effect payments, and dApp incentivization. Before MainNet, the xx coin was made available to non-US individuals in limited public sales. About 500 coin holders from fifty-five countries on five continents participated in a $9.7M initial sale, totaling approximately 3.5% of the total xx coin supply. Information is disseminated on the Discord and Telegram channels.

XX Network founder, David Chaum Interview