xx network launches quantum-safe, decentralized MainNet to protect personal data
The MainNet supports private and secure messaging, payments, and data transmission for decentralized applications (dApps).
The platform is quantum-safe through the combination of consensus and cMix processing.
xx network, a platform focused on the privacy of its users, today announces the launch of xx MainNet. Since spring 2020, xx network has operated a BetaNet with several hundred independent nodes, processing over 60 billion transactions.
While existing platforms commercialize personal data, xx network not only encrypts the content itself but also secures users’ privacy by protecting the associated metadata. The platform’s consensus mechanism is run by decentralized nodes across five continents and is quantum-safe. The network can therefore ensure secure messaging, payments, and data transmission for decentralized applications (dApps).
Processing speed in seconds
David Chaum, renowned cryptographer and founder of xx network, says, “We offer the performance that consumers expect from centralized apps: the time from initiating messages and payments to receiving or executing payments is in the range of seconds. However, we protect privacy. xx does not transmit payment history transparently and immutably to the blockchain, and it does not link senders and receivers together.” Chaum was one of the first to recognize the privacy dangers posed by the growing spread of the internet. He further emphasizes that people around the world now need help to protect their personal data and activities. “We provide people with a protected space where they can communicate privately and freely and pay for information without worry,” Chaum adds.
Thousands of transactions per second with high scalability
The 600 nodes of the decentralized, globally distributed xx network operate independently with conventional end-user hardware. The platform’s cMix software processes successive anonymity sets, each consisting of 1,000 messages, payment instructions, and/or dApp data. This approach allows private communication for businesses, consumers, and the nodes themselves. The platform is capable of processing thousands of transactions per second and can be scaled to meet high consumer demand. Furthermore, it does not reveal any information about the connection between sender and receiver or about the transmitted data, offering protection for metadata for the first time.
The xx coin is the quantum-safe digital currency of xx network, which strengthens the platform’s security through staking. It also encourages the operation of the network and its democratic governance system. For more information, visit xx.network.
