xx network. Price of cryptocurrency: $ 0.28775193

What is the name of the network?

David Chaum, the father of digital currency and privacy, invented the xx network's cMix communications layer.

The xx network uses nominated Proof-of-Stake (nPoS) to reward coin holders for participating in governance. Fees for processing transactions are small. Voting for validator and mixing the networks. Used to vote for governance referendums.

What problem is the xx network trying to solve?
The goal of cryptocurrencies is to decentralize ownership and power so that users and coin holders have control.
The introduction of the high-speed global internet has enabled email, social media, and mobile applications to transform the way we communicate and exchange value.
xx network is implementing a payment and messaging platform that hides the true nature of the platform. With xx network technology, there is no way for any third party to see information about the sender or recipient of communications or payments.

How many xx coins are in circulation?
On November 16, 2021, the xx network launched its mainnet with 1 billion xx coins. The xx network is deflationary for the first few years, with a small percentage of coins automatically burned at regular intervals.
Less than 5% of the original 1 billion xx coins were in circulation. The coins allocated to the xx network developers and xx Foundation vest over 3 years.

Who are the xx network's founding fathers?
The xx network team is proud of being truly global, with collaborative and remote offices around the world.
David Chaum is the leader of the development effort at xx labs and has spearheaded the development of its privacy-centered tech.
David Chaum is a world renowned privacy advocate. Chaum first proposed a solution for protecting the data in 1979. The first known proposal of aBlockchain protocol was made in 1982. eCash, the first digital currency, was developed by Chaum and he also made contributions to secure voting technology. Chaum leads the xx network, which combines his decades of research and contributions in the field of cryptography and privacy to deliver state-of-the-art solutions.