XX Network (XX)

Rank #2154

XX Network (XX) is a “full-stack” platform that combines a scalable, quantum-secure-ready Layer 1 blockchain with a privacy-focused communications layer. The proposal combines metadata protection in communications with end-to-end encryption for transactions and applications that use the network.

Technology and network

Invented by cryptographer David Chaum, XX Network features the cMix layer, aimed at complete metadata protection for network communications. Using XXDK, blockchain applications and platforms can route traffic through XX Network and enable encryption with security against quantum scenarios.

For consensus, the network uses nominated Proof-of-Stake (nPoS) to encourage XX holders to elect consensus nodes and communication nodes, as well as participate in governance processes.

What XX Network is used for

The goal of XX Network is to strengthen decentralization, reducing dependence on centralized entities by aligning control with users, nodes, and asset holders. It also seeks to address privacy limitations in dominant digital services, which tend to prioritize monetization through advertising.

Within the ecosystem, XX Network supports the use of XX in functions related to fees and network participation, such as staking and participation in decision-making mechanisms.

Use of XX and apps

The XX coin is used for small transaction processing fees, in addition to enabling voting in the selection of validator and mix nodes through staking. It also participates in governance voting, including referendums and treasury spending.

As a demonstration of performance, the network includes xx messenger, described as a messenger with quantum security and end-to-end encryption first, operating in a decentralized manner.