Newsroom

15.11.2021

‘Truly Decentralized’ xx network launches Privacy-Protecting, Quantum-Ready Platform

Breakthrough consensus and cMix processing from David Chaum’s xx network is quantum-ready,  supporting private and secure messaging, payments and dApp data transfer

While existing commercial platforms continue to undermine user trust by commoditizing personal data, xx network (https://xx.network) offers not just encryption of content but also new privacy-protecting technology that protects user metadata. Controlled by decentralized nodes on 5 continents, the platform’s breakthrough consensus design is quantum-ready, employing a new hash-based signature scheme to allow small groups of nodes to efficiently reach consensus.  The network is capable of supporting secure messaging, payments, and decentralized application (dApp) data transfer.

The network has operated a BetaNet with hundreds of independent nodes since Spring of 2020 processing over 60 Billion transactions.  With testing of xx MainNet software complete, the network will launch its decentralized MainNet on Monday the 15th of November.

The decentralized, global xx network’s 600 xx nodes independently operate conventional consumer hardware. The platform’s revolutionary cMix software processes successive anonymity sets -- each made up of 1000 messages, payment instructions and/or dApp data – to provide private communication for businesses, consumers, and for network nodes themselves. The network is capable of processing thousands of transactions per second and can scale to meet widespread consumer demand.  No information about linkages between sender and recipient, or data being sent is leaked by the network, providing protection of metadata for the first time.

The network’s xx coin is a quantum ready digital currency used to underpin the security of the network through staking while also supporting the incentives that drive the network’s operation and its democratic governance system.

David Chaum, renowned cryptographer and xx founder, was one of the first to identify threats to privacy that adoption of the emerging internet would create.  He points out that people around the world are now realizing that they need help to protect their personal information and activity.

“We are providing the performance that consumers have come to expect from centralized apps, seconds from initiation of messages and payments to the receipt or consummation of payment. But we do it while protecting privacy, xx does not post payment histories transparently and immutably on the blockchain and we don’t link senders and receivers.  We give people a protected sphere where they can communicate privately and freely and also pay for information without fear,” Chaum said.