Introducing x42 – a protocol, platform and proof of stake cryptocurrency
Lately we have been introduced by many cryptocurrencies that are briniging innovations and almost always tends to bring something new then its predecessors.
x42 managed to bring all solutions to modern problems that faces cryprocurrencies today.
The x42 protocol allows users to launch applications that would require big publishers to host and launch any type of project for a near zero cost, and without any transaction fees after that.
The x42 protocol will allow for private transactions and contracts to be signed, executed and maintained.
The main idea behind x42 is to be a scalable, on-chain solution for any developer that wants to launch games and applications in general with minimal initial investment, zero transaction fees and near infinite scalability.
The protocol works around a main blockchain which hosts all the x42 coins and three types of nodes.
x42 KEY FEATURES:
-Publish anything you desire, launch a game or other type of application using a single x42 coin or even less.
-The x42 protocol is meant to be used by everyone, so the main blockchain is completely free of any transaction fees, all block rewards will use the proof of stake as a block validation method to sign and allow for new transactions.
-Any user with at least a thousand units of x42 can host a masternode, which will seed the entire blockchain and help in the development of the network itself, while being paid in the form of newly generated x42 coins according to the percentage of coins they hold when compared to the rest of the network.
-Any developer that chooses to use the x42 protocol will be able to create a unique side blockchain that will scale as much or as little as the developer needs, that side blockchain can be hosted by any or even all the masternode owners.
-The x42 main blockchain already supports over ten times the number of transactions compared to what the bitcoin is capable of at the writing of this document.
-Browsing a store users will be able to download, run and host varied applications and smart contracts that were posted on the network, and rating them from one to five stars.
-Smart contracts are self-executing blockchain-based contracts that follow terms of a previous agreement between two or more parties. x42 smart contracts use C# to make them easy to develop, test, and debug.
-All users of the x42 protocol will be able to enjoy private transactions by using the Breeze Wallet protocol, which will make any transaction private and untraceable not only on x42's main blockchain but also on all side blockchains that choose to enable the option for private transactions in their code
There are three main levels of the x42 architecture:
Stratis Bitcoin full node ‒ this is responsible for interacting with interface and infrastructure layer as well as the Node policy layer. All the APIs and user interface are handled through the x42 Bitcoin Full Node.
LibConsensus ‒ This is the Bitcoin Core version and is responsible for deciding what is to be considered a valid block.
NBitcoin ‒ This does anything remaining and fills in the gaps between the Consensus Layer functions while also handling messages between nodes in the Network Layer
x42 uses PoS (proof of stake) as a coin generation method as well as validation for newly generated blocks, which benefits the interest of organizations running the network, and securing it against attacks.
Block reward will be 20 coins per block until block number 550.000, after that all blocks will only generate 5 coins until the maximum supply of 42.000.000 x42 is reached.
Owners of x42 masternodes will be able stake their coins to generate new ones related to the amount they are currently staking until the total supply is created.
Three types of nodes will be available on the x42 protocol, two of them will allow the user to stake their coins:
- Client Node – wallet without blockchian downloaded -not staking
- Full Node – wallet online with entire blockchain saved -staking
- Masternode – Coins locked in wallet generating rewards and staking
Privacy integrated in x42 protocol enables compatible, private and trustless transactions, which will give an extra option for those seeking for truly private blockchain alternatives.
The main blockchain of the x42 protocol specifications are the following:
~60 transactions per second on the main blockchain
1 megabyte block size (averages out at 2500 transactions per block)
A new block is generated every 60 seconds (one minute block time)
42 million total minable coins by the proof of stake validation method over a ten year period (difficulty adjustments will be active in the network)
Coin distribution:
X42 has very experienced and devoted team, you can meet them here:
Mail: [email protected]
Facebook: https://www.facebook.com/x42protocol/
Twitter: https://twitter.com/x42protocol
Reddit: https://www.reddit.com/r/x42/
Discord: https://discordapp.com/invite/tdN4ue6
*As an addition x42 development team is considering offering 10k x42 coins for sale in batches of 1k @0.00016 Bitcoin per coin directly from the developers, to get x42 listed in an exchange. They will consider bulk discounts. Only 10,000 x42 will be sold in this manner.