Since the price will be determined by supply and demand nobody knows.

This coin can not be mined. Instead, a part of the token supply is reserved to pay validators in the future.

Sure, Tixl will use different cryptography for three things: Signatures, Encryption and Zero-Knowledge Proofs. For the signatures, we are currently considering XMSS which meant to be quantum secure. For the encryption part we are (already in the prototype) using NTRU which is also meant to be quantum secure. Finally, for the Zero-Knowledge Proofs we are planning to start with zk-SNARKS and Pedersen Commitments. These are not fully quantum secure since they are computationally binding and in that aspect based on the Discrete Logarithm Problem. Since they are perfectly hiding, even with the event of heavy quantum computers information would stay hidden. Nevertheless, it's our goal to upgrade to a different type of proofs as soon as possible.

Thanks for the feedback on our whitepaper. You are right, the quoted sentence is a little misleading and should be written differently. We will include that in our next whitepaper update.


Using a DHT might be an option in the future but we are not considering that for our prototype or first release.


Actually, the feedback regarding our name was very positive by now. You are the first one who doesn’t like it. Or at least you are the first one mentioning that publicly ;-) However, we appreciate the feedback and will have that in mind in case we get more feedback on our name in the future.


The last sentence is also not really satisfying anymore and is likely to be removed in the next whitepaper version. It just means that Tixl can only become a successful project if people are really using it (which is kind of obvious).

Tixl is currently proposing for a listing on Binance DEX: https://medium.com/tixlcurrency/tixl-binance-dex-proposal-11255f024ba6

Great, looking forward to your feedback

I can totally understand your criticism, thanks for that! We are pretty new on bitcointalk and tried to work together with somebody helping us with the community support. We learned from that and will now keep going with our internal team only.


However, I am happy to answer your question. To establish speedy transactions we do two things. First of all, we use a DAG as a data structure. Of course, this is not something new. We have already seen this for cryptocurrencies like Nano before. Secondly, we use the Stellar Consensus Protocol (SCP) for validating conflicting transactions. Since SCP is also pretty fast, we can provide fast transactions even with validating each of them. In the end, it also depends on the trust level a client wants on a transaction. If the receiver of a transactions trusts the sender directly, they don't have to wait for the consensus before "accepting the payment". In all other cases, the receiver and sender will have to wait a few seconds for the consensus to be established. In addition to the consensus, we are already thinking about off-chain trust providers that can provide trust faster than the consensus but that is more under construction and not ready to be released as a concept at the moment.

Regarding the centralization: SCP allows full decentralization because it allows all nodes to decide whom they trust. With that, there must not be a fixed set of nodes but instead, nodes can join at any time. A very simplified explanation of SCP can be found at http://www.scs.stanford.edu/~dm/blog/simplified-scp.html

We are currently also working on a visualization of SCP that we can hopefully launch on our website within the next months.

We wanted to split the fundraising process into multiple phases so that early bird investors get a good price. Also first we considered doing an ICO instead of an IEO so we've got all the tooling to raise funds in a "traditional" ICO-like way. That's why we decided to do the first 2 phases of our token sale as a Pre-IEO so that during this time we can negotiate a deal with an exchange.

That is a very good question The points you mentioned are exactly what we are working on. Currently, we are in the fundraising phase. Besides putting those funds into the development, it is also our goal to establish partnerships with exchanges and payment providers to get as much transaction volume on Tixl as possible.

From the comparison perspective, our project cannot really be compared with BNB or ETH. We are more competing with BTC but also with XMR, ZEC or something like GRIN. Since we focus on payments only we see a good chance to take root in that field of competition.

 

Just wanted to add Tixl to the list: https://bitcointalk.org/index.php?topic=5143557.0

It's a new cryptocurrency that allows private, instant and zero-fee transactions at the same time. We are putting as much work as possible into it at the moment. Of course, we appreciate any feedback we can get from the community

Thank you, we'll do our best.

We will update our post with the missing information in a minute. However, to answer your questions. The initial price per token is 20 USD payable in BTC, ETH, XRP, and XLM. Our token is based on Stellar. Also, yes - we decided to do a long ICO, but we did already start with development. Reasons for the ICO duration are, for example, we can start with a cheap price in the beginning and increase the price over time as soon as we've got a working prototype, onboarded some partners, etc. This is not only good for financing the project, but also for early-stage investors which will have a solid ROI in case we'll be successful with our idea.