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The Xiden Blockchain is a new layer of internet providing users with the ability to open a validator pool, and integrate their smart devices into the blockchain in order to distribute their resources through multiple decentralized networks. As a result, all Xiden users can enjoy all the benefits of the network while getting rewarded for their contribution with XDEN - the native asset of the Xiden Blockchain.
Xiden uses a hybrid architecture combining the PoS (Proof of Stake) consensus from Polygon Edge and Ethereum with our PoE (Proof of Existence) and PoC (Proof of Connectivity) consensus layers in order to achieve a modular and scalable solution that meets all the needs of the users.
The utility of the network is given by the SDR (Smart Distributed Resources) layer, allowing users to share device resources on the blockchain, and the Spectralis Private Network, which represents an internet layer of virtual tunnels, allowing users to improve their privacy and security on the Internet.
The Xiden ecosystem is geared towards developers by including many popular frameworks, such as HardHat, Truffle, Ethers, EVM, Solidity and others.
XDEN - Digital Tradeable Asset
XDEN is the native asset which serves as crypto-fuel for the Xiden blockchain. It can be transferred between users at any time and its value is given by the utility it has in the services and functions of the system, as well as its market price.
Methods of earning XDEN
1. Become a validator - Each validator who meets the consensus conditions is rewarded for the work within the system.
2. Integrating devices in the SDR layer - Each device integrated in the SDR layer is rewarded with XDEN.
3. Development of dApps and Apps - Developers can request XDEN to access their applications using the Xiden infrastructure.
4. Market trade - Market speculators can purchase it from frontline users.
5. Own a RMNode (Realm Meta Node) - The owner of the RMNode obtains all the gas fees from validations without being influenced by the validation power or difficulty.
Validator requirements
In order to become a validator a user must open a KrateR pool by using the Minter Guardian device and having 1000 XDEN in staking. This can be achieved through one of the following methods:
- 1000 locked XDEN obtained only through purchases of Minter Guardian devices
- XDEN acquired from the market
RMNode requirements and info
- To own a RMNode a user must have a minimum of 2000000 XDEN in stake. This amount is always controlled by the owner.
- The system consists of 30 RMNodes to which the Minter Guardian devices act as light validators that perform multiple tasks.
- The RMNode's only duty is to register the blockchain blocks and submit them.
Rewards Distribution
Rewards are distributed according to the work performed within the system. They are affected by the following factors:
Validation Power - accumulated from all the validators available in the KrateR Pool
Available Resources - the amount of resources shared through the SDR layer
Device Uptime - The validation power is calculated based on how long the devices have been online during the 24h reward cycle.
Mining Difficulty - Difficulty can be Public or Private and is influenced by XDEN circulating supply, price and number of registered validators.
Developers
The Xiden blockchain is developed by CryptoDATA Tech, a company based in Romania with over seven years of experience in applied blockchain solutions for telecommunication, data encryption, hardware, and software security.
General Links
Project website
Developer website
Explorer
CoinMarketCap
Whitepaper
GitHub Repo
Medium
Discord
Telegram
