GRAND CAYMAN, Cayman Islands, Dec. 4, 2019 /PRNewswire/ -- David Chaum and the Praxxis Team announced the release of the xx network Whitepaper and Praxxis Technical Paper. These documents provide details and insight into the xx network and xx coin, the revolutionary blockchain and cryptocurrency powered by Elixxir and Praxxis technology.
The xx network Whitepaper describes the guiding vision for the network, and includes details on its network of nodes, the blockchain, the xx coin, messaging, governance, and the roadmap for the network. The Whitepaper can be accessed at xx-coin.io
"The xx network is a new type of platform, a protected digital sphere that allows users to share ideas and exchange value in a secure and private manner, " said David Chaum. "The xx network combines functionality, robustness, and performance in a revolutionary way."
The Praxxis Technical Paper offers an in-depth description of the Praxxis consensus mechanism technology that will be utilized by the xx network. Known as xx consensus, this consensus introduces several key breakthroughs, including endorser sampling to support fast, single round consensus, committed randomness to defend against network attacks, and compact endorsement signatures to deliver efficient quantum security. The Technical Brief can be accessed at praxxis.io/technical-paper.
The xx network team will host a series of webinars over the next four weeks to share details, solicit feedback from the community, and educate the public on this exciting technology. Members of the public can sign up to attend the webinars on the Praxxis website.
"These webinars will focus on unpacking the xx network, and we are excited to give our team a chance to talk directly with the community about how this revolutionary blockchain has been developed," said Praxxis COO Will Carter. "We will be discussing the xx network, answering questions posed by community members, and describing the thought process behind the breakthroughs in the technical documents."
David Chaum, Founder of Elixxir and Praxxis, is available for interview.
About David Chaum:
David Chaum is widely known for inventing the first digital currency, e-Cash, in the early 1980s, which he later deployed in the 1990s at his company DigiCash. He has also recently been credited with proposing the first decentralized blockchain as his PhD dissertation at Berkeley in 1982.
About xx network:
The xx coin is a digital currency that will support decentralized messaging, payments, and dApps on the xx network. The xx network was designed in response to growing public concern for user privacy as well as the emerging threat of quantum computing. The Elixxir cMix network layer provides groundbreaking privacy and security by shredding user metadata. Praxxis provides a denominated coin structure that breaks payments into individual coins to provide privacy, and distinctive hash-based cryptography, which is secure against attacks from current nation-state adversaries and future quantum computers.
Praxxis is a digital currency and a consensus protocol underpinning a full-stack blockchain. Praxxis has been designed and developed by WBM Corp. Led by William Carter, WBM Corp. is one of the first companies officed in the Cayman Enterprise City in the Cayman Islands. Carter is a computer scientist with an extensive systems design background gained working in the blockchain space, in optics R&D, and earlier at JPL in Pasadena. The WBM team is made up of cryptographers, developers, operational personnel, and marketing professionals. Early work on the Praxxis chain was conducted at Privategrity Corporation in the Los Angeles area.
xx coins are not being offered to any U.S. persons as such term is used in the Securities Act of 1933. Additionally, this press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of xx coins discussed in this press release in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
This press release and documents referenced in this press release contain forward looking statements, including among other things, statements concerning the distribution of xx coins, and other statements identified by words such as "could," "expects," "intends," "may," "plans," "potential," "should," "will," "would," or similar expressions and the negatives of those terms. Forward-looking statements are not promises or guarantees of future performance, and are subject to a variety of risks and uncertainties, many of which are beyond our control. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, market risks and uncertainties and the satisfaction of customary closing conditions for a distribution of xx coins. Forward-looking statements speak only as of the date hereof, and, except as required by law, Praxxis undertakes no obligation to update or revise these forward-looking statements.