Elixxir is preparing to release an anonymous cryptocurrency XX Coin
At the BlockShow Asia 2019 conference, Elixxir President Jim Dolbear said that next year an anonymous cryptocurrency XX Coin will be launched on the XX Network blockchain.
The new cryptocurrency will be used for a decentralized messaging and payment service. It will also be supported by decentralized applications on the XX Network blockchain.
"Historically, all personal data is associated with political views. Who and what do you talk to, what do you read? We're going to let people control their metadata, " the President of Elixxir said.
According to Elixxir CEO David Chaum, XX Coin and XX Network will combine the anonymity and privacy of Elixxir with the security, speed and scalability of Praxxis. In this way, XX Network addresses the issues of balancing speed, scaling, and security.
The launch of the XX Network test network should take place in early 2020. It will run on 600 nodes already selected this year.
"To support users around the world, we need a network with low response time, high speed and scale. xx coin enables the Elixxir and Praxxis projects to achieve these goals by launching on the decentralized XX Network. The next step is beta testing!",- Said praxxis chief operating officer William Carter.