x42-ADM (OP)
Copper Member
Member
 Offline
Activity: 216
Merit: 10
Open. Feeless. Infinite.
|
 |
August 01, 2018, 07:43:29 PM
Last edit: March 24, 2021, 03:23:46 AM by x42-ADM |
|
- What is the x42 Protocol (x42)?
A feeless cryptocurrency that allows users not only to make transactions using the x42 coin but also gives a very large array of tools to the developer or entrepreneur that chooses to use the platform as a developing workspace and publishing service.
x42 Protocol is a proof of stake blockchain that allows for the creation, distribution and decentralized hosting of applications, it also allows for the creation of off-chains in the xServer layer of x42, they can be edited to allow for any type of desired scalability through different block times, block sizes and near limitless usability in various situations at zero or minimal cost, these off-chains offer a test network that any development team or even single users can take advantage to test and debug the most varied array of software types in a decentralized and secure manner.
[/list]
- x42 Key Features
- Feeless transactions
- Proof of stake
- Customizable off-chain solution
- Control over DApps
.
- Coin Specifications
| Name: | ........x42 Protocol | | Symbol (Ticker): | ........x42 | | Block Validation: | ........Proof of stake | | Decimals: | ........8 | | Block Time: | ........~60 seconds | | Block Reduction: | ........400.000 (from 20 x42 to 2 x42, until 42.000.000 coins exist) | | Transaction Fees: | ........0 (main blockchain), variable (off-chain) | | Private Transactions: | ........To Be Implemented | | Pre-mined: | ........10.500.000 |
- Coin Distribution
 █ Core Development 5.600.000 (13.33%) █ Strategic Partners 2.800.000 (6.66%) █ Third Party Development and Partnered Exchanges 1.300.000 (3.11%) █ Bounties and Airdrops 800.000 (1.9%) █ Unminted (75%) Total supply: 42.000.000 x42 coins- Initial Coin Offering and Launch
Traditional launch, no initial coin offering (ICO).
The x42 core development team and community are working hard, and the value is already observable, the coin price will increase and therefore we will not make an ICO, we want to reward the community by providing a higher PoS reward and bounties for that work. The x42 protocol is already online as of this post, it offers fully functional main and test networks.
Over two million coins were given away for free in the form of airdrops, faucets and other services in the last two years, all other information regarding the pre-mined coins and their distribution and use can be found on our official website: https://x42.tech/
.
- Zero Fees
Transactions on the blockchain are a fundamental part of any cryptocurrency project, we felt that full clients getting the fees from off-chain solutions that give them good ROI is much better than charging for each transaction, that is without taking into account the staking block reward of 20 x42 until block 400.000 and 2 x42 units after that point; a block reward is given roughly every 60 seconds.
A developer that chooses to pay xServers with what they feel is a fair share will get servers owner support and as a community will get to choose what succeeds and what doesnt.
Non-profit organizations can choose to not share revenue, and the community can host them knowing they are doing good by donating resources to them, while entrepreneurs can choose to run fees as low or as high as they want for their projects on off-chain solutions and other types of decentralized application.
.
- wx42 and ERC20
In March of 2021 the x42 Protocol Core Development team launched a wrapped ERC20 version of x42 called wx42 on the Ethereum network, with the help of txbit.
The contract address and information can be found here: https://etherscan.io/token/0xf49fcdb92c7438b54edb4f1021abe3e3b4b15c92
.
- Roadmap
- xServer
The old fullnode client is no longer be the main software wallet, xCore will take its place.
Tier 1 xServers require the user to lock and stake 1,000 x42, it will be able to connect and host off-chain decentralized applications (DApps). (Decentralized applications are not yet implemented on x42)
Tier 2 xServers require the user to lock and stake 20,000 x42 to access all the Tier 1 capabilities and have the capability of hosting the reputation system, which by itself generates more x42 to the xServer owner via the processing of newly created accounts (which will cost 5 USD in x42 at the moment of registration).
Tier 3 xServers require the user to lock 50,000 x42, they are be able to stake, it has all the capabilities of a Tier 1, and it also provides a pricelock service to the entirety of the network (the T3 owner gets a fee of 1% the total transaction for this service) which is essentially a decentralized version of Bitpay which can be implemented on any website or DApp.
The T3 xServer owner also will have the the ability to host a tumbler that will allow all users to access a private transaction paid service, which the T3 xServer owner will get a fee for offering this capability. The T3 node may also offer an atomic swap feature in the future.
All xServer release information was turned into a real-time progress (%) bar in our website, the DApp store and T1 are the ones being worked on currently.
¨ - Private transactions
An anonymous option for main blockchain transactions.
¨ - Blockchain application store
A very clean and easy to use interface to download, upload, host and run DApps from the x42 side blockchains.
¨ - Reputation system
Full reputation system implemented on the blockchain DApps store.
¨
Bounties!
- A total of 450.000 x42 units will be distributed as bounties, the following list shows the division of bounties:
─........ 250.000 (55.57%) Bug hunt and blockchain code improvements (paid accordingly to gravity of bug found and quality of resolution code delivered).
More bounties are currently posted on Github.
─........ 100.000 (22.22%) Lightning network C# solution (complete code)
─........ 50.000 (11.11%) Youtube and Twitter bounties (join discord for more information)
─........ 20.000 (4.44%) Open to popular requests
─........ 10.000 (2.22%) Wallet improvements (paid accordingly to GitHub commits)
─........ 10.000 (2.22%) Language translations (paid accordingly to how widely used the language is)
─........ 5.000 (1.11%) Reserved for users that help get x42 exchange listings (proof required)
─........ 5.000 (1.11%) Website code improvement (complete code)
|
