Paris, France, 23 April 2022 (GLOBE NEWSWIRE) – Quick Intro
- X-Cash Foundation is a no-ICO open-source blockchain project that aims to innovate in the privacy coin space.
- The community -supported project is based on an open source protocol developed for Web 3.0 privacy.
- X-Cash is listed on various exchange platforms and trades against BTC, LTC, ETH, and USDT.
X-Cash Foundation is a self -funded crypto project introduced in 2018 to create privacy -centric crypto coins inherited from the Monero cryptocurrency. The project offers a new addition to the privacy coin space and will provide a toolbox for the upcoming web stage. The project is currently working on Sidechain Payments to make payment transactions on X-Cash blocks faster.
About the X-Cash Foundation and its features
The community-driven open-source protocol aims to decentralize anonymous government and provide privacy if needed. Developed on the popular Monero, the project aims to introduce advanced features in the private crypto space.
This project addresses a reliable toolbox for managing Web3.0 privacy with three technological features such as the following:
- Public or private transactions
X-Cash offers privacy flexibility (privacy if necessary). Users can use wallets on the block to perform public and private transactions at their discretion, ensuring anonymity and transparency if necessary. The transaction also offers Privacy Swaps and enters private and public transactions cryptographically.
- Delegated Proof-of-Private-Stake (dPoS)
These include staking options where users can vote via XCash staking and win prizes. They also offer features like Randomized Block Producer Selection, where fake messengers are randomly selected using Verifiable Random Functions (VRF), ultimately security messengers.
The innovation of the project is seen through the capacity for user blocks, and because the delegates host the block, it is customizable, secure, and economical. In addition, these sidechains do not require hardware. They have an automated deployment that eliminates many coding requirements and is customizable. Lastly, they are also measurable and cost-effective.
The X-Cash project highlights
This unique open-source project is by the nonprofit organization X-Cash Foundation that manages X-Cash. It features the following highlights:
- This is an open-source project built by dedicated contributors, and every project on X-Cash is open to public contribution via GitHub.
- The X-Cash Foundation evaluates and evaluates project ideas proposed by the X-Cash community to provide funding.
- The X-Cash project was funded entirely by the founding team without an ICO.
Allocation of XCash coins
The X-Cash project is based on transparency, and therefore, the allocation is verified each time with proof of reserves. Even if it is a private cryptocurrency, users can keep track of project spending in general.
XCASH coins are a genuine currency essential for making sidechains, smart contracts, and governance. These coins are essential for using the various services and products offered by X-Cash blocks. X-Cash is currently listed on several exchange platforms. Users can trade X-Cash coins against BTC, LTC, ETH, USDT, etc.
Of the total X-Cash coin sources, 60% went to mint, 14.2% to airdrop, 10% to XCash development, 5% to private investor funds and team rewards, and 5.8% to contributor funds.
The open source blockchain protocol, X-Cash Project, follows the technology vision of developing core components in the beginning. The company is constantly trying to improve and evaluate technical solutions per community requirements and developing important parts of the Web 3.0 framework.
The project has introduced features like Delegated Proof-Of-Private-Stake, Flexprivacy, and wXCASH or the XCASH ERC20 bridge wrapped for X-Cash. Developers are currently working on Sidechain Payments for instant payment transactions on X-Cash blocks. The project will also introduce NFT, sidechain, and smart contracts, in the next phase.
For more details on X-Cash, visit the website at:
Join the X-Cash community at: