On the Xai platform, users can own in-game items as NFTs and trade them to generate income. By removing the necessity of directly interacting with a crypto wallet, Xai becomes extremely user-friendly and appealing to traditional gamers who might find blockchain technology intimidating. Developers also benefit from Xai’s high scalability and stability, allowing them to offer an enhanced gaming experience.

XAI Token Project

XAI token is the native cryptocurrency of the Xai platform. The XAI token serves three main functions: 1) Paying gas fees, 2) Rewarding validator nodes for verifying transactions, 3) Facilitating the buying and selling of in-game items.

In addition to these functions, XAI token holders can also earn staking rewards. XAI is currently considered one of the top gaming tokens in the market.

Who Are the Founders of the Xai Project?

Xai (XAI) was developed by Offchain Labs, a team that has been working in the blockchain space since 2018. The founders of Offchain Labs are Ed Felten, Steven Goldfeder, and Harry Kalodner.

Ed Felten, among these three names, stands out as a leading computer expert in the United States. Felten previously served as Deputy Chief Technology Officer at the White House Office of Science and Technology Policy during the administration of former President Barack Obama.

XAI Token Statistics

The maximum supply of XAI tokens is set at 2.5 billion tokens. The total supply of XAI tokens, at the time of writing, is 1,007,924,352 tokens.

How Does the Xai Blockchain Work?

The cornerstone of Xai’s innovation is the AnyTrust protocol, a variant of Arbitrum Nitro technology developed by Offchain Labs. AnyTrust manages data availability with a flexible trust assumption, ensuring robust data security while significantly reducing costs. This approach addresses issues such as gas fees, unstable blockchains, and complex game designs on the blockchain.

A critical component of Xai is the Sentry Nodes, which play a vital role in maintaining the integrity of the Xai network. These observer nodes alert the network if a wrong block is proposed. These nodes, running on laptops, desktops, or cloud systems, contribute to network security and earn token rewards in return.

What Makes the Xai Project Unique?

Today, the video game industry is one of the largest sectors in technology. Many game companies are trying to integrate their games into the Web3 ecosystem by leveraging blockchain technologies. However, this integration brings challenges such as scalability. Additionally, as these projects involve cryptocurrencies, players need to be familiar with using a crypto wallet and understanding digital currencies. These are seen as barriers to fully integrating the video game industry with blockchain technology.

Xai offers innovative solutions to these challenges. The most significant innovation provided by this scalable blockchain is the elimination of the need to interact directly with crypto wallets. Xai manages cryptocurrency wallets on behalf of the player, seamlessly integrating this mechanism into the gaming experience, thus removing the obstacles traditional gamers face.

XAI Token Price

The all-time high XAI token price was recorded at $1.22 on January 17, 2024. The lowest XAI token price was $0.4531 on January 10, 2024.

How to Buy XAI Token?

XAI tokens can be easily purchased on reputable cryptocurrency exchanges like Bitlo. You can trade XAI with fiat currencies such as Turkish lira, US dollar, or euro. After verifying your Bitlo account, you can securely conduct buy and sell transactions with Turkish lira.

Where to Buy XAI Token?

You can securely buy and sell XAI tokens, among others, with Turkish lira on Binance, one of Turkey’s well-established cryptocurrency exchanges.

XAI Token Review

Xai (XAI) offers an innovative solution to the ever-growing gaming industry, which increasingly needs Web3 integration. The solutions provided by Xai help traditional gamers adapt to the blockchain world. In this regard, XAI token can be considered a promising cryptocurrency.

Frequently Asked Questions About XAI (XAI)

What is XAI?

Xai (XAI) is a gaming-focused Web 3 blockchain platform.

Which Networks Does XAI Operate On?

Xai (XAI) is a Layer-3 blockchain based on Arbitrum (ARB).

Where Is XAI Token Used?

XAI Token is used for securing the blockchain and trading in-game items.

Is XAI Mined?

XAI is not a mineable cryptocurrency.

What Is the Total Supply of XAI?

The total supply of XAI is 1,007,924,352 tokens

The post What is Xai (XAI)? appeared first on Coin Engineer.

Blockchain technology is quickly integrating into our lives and some industrial sections. But at the same time, the technology has problems like speed, security, scalability, etc. That’s why many projects work to solve these problems.

Kaspa Technology also wants to become solving of these problems. Kaspa’s target is solving the Bitcoin network’s scalability problem as a Layer 1 blockchain. 

Kaspa blockchain has a protocol named GHOSTDAG/PHANTOM. Kaspa wants to achieve to more scalable Bitcoin network. By any definition, the Kaspa network works for the scalability of Bitcoin’s consensus (Nakomoto Consensus). The Bitcoin network’s speed will increase if the blockchain can do this.

How To Work Kaspa?

There are some factors for becoming famous for the Kaspa network. The first factor is that the Kaspa network uses the Proof-Of-Work algorithm. In this manner, the blockchain can produce a block per one 1 second.  So, the Kaspa network is so fast thanks to the feature.

Kaspa’s block-producing speed is more than Bitcoin, Litecoin, Dogecoin, Ethereum Classic, and Dash Coin network speed. The amount is 10 minutes on Bitcoin, 2.5 minutes on Litecoin, 10 minutes on Ethereum Classic, 2.5 minutes on Dash Coin, etc.

The Kaspa blockchain network is using BlockDAG mechanism. The working principle is different from the blockchain. Blockchain works as blocks, I mean, transactions waiting in mempool for completion, collect at one block after they are completed. But the DAG mechanism is doing that as a non-periodic structure.

At the same time, the Kaspa network is saving its own miners from censorship and similar attacks. Different from Bitcoin the Kaspa is accepting building dApp and deploying smart contracts. Kaspa network is planning that provides a delay of consensus mechanism. In this case, the network will have faster than the old one.

You might also like: What Is Smart Contract?

Furthermore, the network has some features for saving its own users thanks to pre-trading security and anonymous procedures. The network keeps the users from malicious behaviors. GhostDAG protocol is isolated parallel blocks and that feature is the solution for network security.

GhostDAG protocol’s fundament is using cyclic graphics. Using this feature is decreasing double-spending. Here, the Kaspa network is different thanks to these features.

How To Mining On The Kaspa Network?

Kaspa network using POW consensus mechanism. That’s why every user can build a validator node on this network. The node is named Miner. Miners are earning block rewards and transaction fees. Besides, the BlockDAG structure is allowing the distribution of mining on the network. Additionally, Kaspa is permitting solo mining using lower hash speeds.

Kaspa mining is based on the kHeavyHash algorithm which establishes the “optical-miner” concept. As we know PoW mechanisms are requiring energy, but the kHeavyHash algorithm is so efficient in terms of energy spending and polluting the environment.

First of all, you need a wallet for mining and getting the rewards. You can interact with the link for having Kaspa Wallet. Secondly, you must find the pool for starting the mining procedure. But you don’t have to do it forever. Because the Kaspa network accepts solo mining, I mean you don’t need any pool, if you use this method.

Today Kaspa Web Wallet is one of the reliable crypto wallets. The wallet has an easy user interface, in this case, money sending and receiving is easing.

Tokenomics Of Kaspa (KAS) Coin

Right now, KAS Coin has a market cap of 414 million dollars. The maximum supply is equal to 28,704,026,601 KAS, but the total supply is 19,489,882,634 KAS. Almost %68 of the maximum supply is circulating, so that count is equal to the total supply. Furthermore, Kaspa (KAS) Coin’s maximum supply is halves once per year. You can see the emission schedule on the below chart.

How To Buy Kaspa (KAS) Coin?

You can buy the coin from CEX and  DEXes. The Kaspa (KAS) Coin is listed on Huobi, Gate.io, MEXC, Kucoin, ByBit, CoinEx, and Bitget. If you want to get a discount (%10-%20), you can interact and use the link. Every exchange has a relevant reference link. 

The post What Is Kaspa (KAS) Coin? appeared first on Coin Engineer.