2019 has been an intensive year of efforts through the development and release of many milestones of our project.
What is X-Cash
As a reminder, X-Cash is an open-source and no-ICO cryptocurrency project. Our goal is to build a privacy-centric protocol that offers the best trade-off between anonymity and transparency. To this goal, we have been building since 2018 a cryptocurrency derived from Monero that includes Hybrid transactions, Delegated Proof-of -Private-Stake consensus and Sidechains technology. In 2019, we started to build with the community additional products such as X-Bank and X-Payment to power this ecosystem.
If you care about data privacy, want to help us build a new type of blockchain protocol, or just want to know more about what we do, feel free to check our docs here.
Delegated Proof-of-Private-Stake (DPoPS)
Last year, we have worked heavily on the development of the core of X-Cash which is its new consensus protocol. DPoPS allows a faster, more secure and efficient consensus in our blockchain and is also the first consensus protocol to combine privacy and delegated Proof-of-Stake.
In 2019, we released the yellow paper and have extensively developed the first version. As of today, we are counting a total of 814 commits and the dPoPS is being validated as part of the alpha tests. Since October, we are testing it with selected testers and many additional improvements have been made.
In 2020, after validating all the components from delegates elections to block production, we are now closer than ever to switch to the open beta which we will announce in the next weeks. The beta will be the final public testing of DPoPS before announcing the switch to mainnet.
After more than a year of development, DPoPS will offer new perspectives in our network and better decentralization. Thanks to it, we will be able to implement sidechains during the rest of the year as well as other exciting features on top of the built-in decentralized database.
New exchange listings In 2019 we have decided and announced that we would not plan to list on additional exchanges. We believed the panel of existing exchanges was sufficient and in line with the advancement of the project. Also, considering the fact that X-Cash remained a self-funded project, we did not want to burn additional funds on listings and preferred to focus 100% on the development.
In 2020, following the release of DPoPS, we will have another feature and reason to grow further our community. In that context, we will resume application to additional exchanges that are in line with our transparency and quality values.
Our goal for this year is to get X-Cash listed on a tier 1 exchange but for this to happen we will need to keep delivering qualitative products and extend our user base.
X-Bank In 2019, we created the X-Bank to allow easier funds management and online wallets operation as well as distributing the airdrop in the easiest and fairest manner.