Testnet V2 — Test 1 Information

First of all, the snapshot at block height 980000 has happened  

Here is the big article of what we will test during this V2 testnet cycle.
Its a good read I encourage you to read it and the rough draft links even if your not participating so you can see what its store for xcash as we move forward.

Quick summary:

• New branch "remote-data" in:
  • xcash-core
  • xcash-dpops
• Non Protocol Changes:
  • Network improvements
  • Performance improvements
  • Ubuntu 22.04 (LTS) support
• Protocol Changes and Additions:
  • DPOPS Split Balance Voting
  • Turbo TX
  • Xcash Namespace Protocol / Public TX 2.0

Read all the details here:
https://medium.com/x-cash/testnet-v2-test-1-information-452168df45e0

Testnet Refresh V2

For the testnet (V2) we will test many things, such as Ubuntu 22.04 compatibility and many community xcash dpops improvements on github.
We also have two protocols and one new DPOPS voting feature to test. We will make a separate announcement on these once the snapshot has taken place.

The testnet snapshot will be at block height 980000 which is estimated to happen around November 21, 2022 that is about 4 weeks from today.

The testnet will then start producing blocks on January 2, 2023 that is about 10 weeks from today and 6 weeks from the snapshot

Read more details here:
https://medium.com/x-cash/testnet-refresh-v2-3c1797f91f70

Dear Community,

Today we are releasing xcash-core 2.2.0 and xcash-dpops 1.2.0

Note: You will need to update before block height 910000 which is expected to happen around Wednesday, March 23, 2022 03:00:00 UTC

XCASH-CORE Update 2.2.0

Some highlights of this update:

• Updated hashes so xcashd can sync, before we fixed the issue.
• xcashd syncing improvements at block 910000
• Removed most mining code. Test show virus false positives dropped as well.
• Fixed the docker file
• Boost 1.77.0 compatibly
• GCC 11 compatibility
• Fixed debug build not working
• You can read the full list, and how to install at https://github.com/X-CASH-official/xcash-core/releases/tag/2.2.0

XCASH-DPOPS Update 1.2.0

Some highlights of this update (and the 1.1.0 update):

• Fixed synchronize-database-from-network-data-node parameter
• Added delegate error reporting parameter
• Added limits to shared delegates API for pagination
• Fixed syncing stability at time 1648221480 (Friday, March 25, 2022 15:18:00 UTC)
• Fixed autoinstaller custom paths
• Fixed autoinstaller search strings for finding install locations to make them more robust

Instructions on how to update xcash-dpops is at https://discord.com/channels/470575102203920395/746277791556698182/952931355401015376

Thank you everyone.

Announcement by Zach, source: https://medium.com/x-cash/xcash-core-and-dpops-update-26bba67fa3ee

Hello everyone

I just wanted to post a status update for the end of February.


Team Restructuring
The team restructuring is just about complete. The two Paris founders are still very much a part of this team, but they are taking steps back as flodesk has them busy right now. This was Guilhem's idea and everyone is on the same page here their are no internal fights or anything. We all have xcash best interest here. Guilhem is still the CEO but needs me to step up for a time and make decisions and take control of the coin. Paris is still paying for most of the activities. You will still see them when they can stop by, and they still have roles just not as many as before. I have added some people from the community as well to help xcash grow and plan to do more when the time is right. I also took the time this month to "re energized" the team. That will stay private as to what it all entailed, but the bulk of it was a 5page speech for them to read.

No one has left the team, Dennis did take some time off to fix a personal issue that he called me about, but no one has left. Me and Twinkie are very capable of running xbank or even adding feats while Dennis is off

I will write more in an article once we have the finished new xcash.foundation website


Current Work
The team has been really busy this past month or two. One of the topics is the new xcash.foundation website. It will include new wording, to keep with trends in the markets, and will have the full contributors list on here with pictures or avatars, as well as many other adjustments.

We have also been busy on a lot of other things. We have been looking at new exchanges with @x-$1  and @CACO , and have been working on concrete simple and not expensive plans on marketing with @Zurg. These will be tried once we have the new website, as we have 2 that might work really well for a few hundred dollars and be really efficient is stepped up
As for me I have been busy with the test net and we just published an update to merge the test net to the master (v1.1.1). No new features for users but many for delegates and you can check out the full change log here.
https://discord.com/channels/470575102203920395/746277791556698182/947325332841725982

I have also been busy on the GUI wallet. @miaumiau  has been fixing many angular fixes and improvements for the wallet, and I have been trying to work on phase X (get the c++ code into the angular wallet to remove the rpc dependency) I have made some progress on this but it is not enough for a full wallet at this point (basically cant get tx but did everything else!) If the team cant get it and I try more and cant get it, we might do a big RFC on this, so watch this for if your out their and want to make some xcash by helping us out.

@Lovro  has been extremely busy with rewriting x payments to use slash commands, as this is a requirement starting April of 2022. He plans on working on DPOPS connectivity and many more things to come throughout this year. Look for his article on the x payment road map soon.

@Twinkie  has been working on monitor/profiling systems for x bank and x payments, that will help us better understand what our programs are using resource wise and if we can increase efficiency

@franciscom  has been working on many things as he has a good knowelage with technologies and can bounce around to where needed. His main area has been x bank testing and fixes, but the other areas we cant mention at this time.


As for the next protocol, the instant payments are close (as we saw the video last summer) but I still have not figured out how to make a decentralized signing process for releasing payments (well I did but their is an issue were just one delegate can freeze the wallet), and don't like the idea of just the seed nodes holding the wallet, as this will be the system for smart contract x cash as well so it needs to be done properly. I then have been working on the voting for a little now, but I know this is the least exciting protocol for normal users. I did have an idea last week though of a protocol that I never talked about before, that I will be doing research on as well.
Key features of this protocol would be:

• showcase the power of the dpops base system and the inheritance model
• high level, interactions between products, third party products and dpops base
• fun, exciting for users
• first protocol that will allow delegates to charge for this feature (so more revenue for you delegates!)
• other coins have it (we know its popular and I can see everyone here using it)
• other coins have it (we wont be first this time, but its a great way to show how dpops excels this vs other coins)
• first very small step towards the user based xcash digital ecosystem.
• useful not a novelty like voting might turn out to be.

This might actually end up hybrid two forms of protocols and really get interesting
testnet users will be the first to try whatever protocol ends up getting built first though!


The team is working hard so expect a lot of good stuff.

Once again I want to thank everyone who is still supporting this, and for the test net delegates that are running nodes and not getting any payment (beside the contest every month)
We could not have done DPOPS without you and are very thankful you are here for a test net for this next protocol.



Announcement by Zach,
Source: https://discord.com/channels/470575102203920395/470644458824794137/947342025718640640

BlockchainSpace Questions

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Guilhem
Hello guys!

Cassiterite | Blockchain Space
Welcome aboard!

Danny
Welcome to the Blockchain Space community

Guilhem
Thanks, more than happy to be here

Xiaolin | Blockchain Space
Nice to meet you Guilhem.
Questions prepared by the team
Let’s start.

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Cassiterite | Blockchain Space
1. Thanks for joining us. Introduce yourself and your function in X-Cash to the blockchain space community?

Guilhem
I am one of the co founder of X-Cash which we launched 3 years ago.
I am currently leading the finance part of the project and notably the exchanges listings.
Prior to that, I was a trader at HSBC and I also run a market-making business at Flowdesk, one of the fastest growing company in the sector.

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Cassiterite | Blockchain Space
2. Tell us about X-Cash project, how does X-cash plan to add value to the blockchain industry?

Guilhem
X-Cash was initially a fork of the privacy coin Monero.

We believe privacy is very important, just like transparency and that’s why we devellopped some innovative features to help to overall ecosystem progress

One of them is hybrid privacy and currently live, which allows to either send a public or a private transaction.

Another one is Delegated Proof of Private Stake that we use to run the consensus of the network.
The community can stake their coins to elegate a pool of 50 delegates in charge of running the network.

Xiaolin | Blockchain Space
Great portfolio, welcome once again to the Blockchain Space community 👍

Guilhem
Our ambition is to add our stone to the bridge by creating innovative tech and help solving the biggest challenge in the industry: scalability, resilience, privacy and compliance.

In the last three years we have run the project in the most transparent manner and we are getting further step by step everyday thanks to a strong and active community of knowledgeable users.

Xiaolin | Blockchain Space
The community is really active

Cassiterite | Blockchain Space
Strictly following
nice use cases

Xiaolin | Blockchain Space
Cool feature, Blockchain Spacers Take note!

Cassiterite | Blockchain Space
We can proceed to the next question

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Cassiterite | Blockchain Space
3. Can you share with us detailed information on the $Xcash tokenomics and it’s usecases ?

Guilhem
Yes we have a Max Supply of 100bn token out which around 70% is in circulation.

Most of the supply has been mined while we were under proof-of-work or minted through the Delegated Proof of Private Stake consensus. The remaining coins will either come from minting in the next years or from the supply allocated to the foundation, team etc..

Over the last three years we have been very cautious about spending the coins in our possession. And we have done it with full transparency. For the team’s token, the lock is not time linked but market cap linked which helps in guaranteeing our continuous involvement in the project.

Today the token is used to vote for delegates and stake, and carry transactions.

As we are building a sidechain layer with smart contracts, it will be used tomorrow as a gas with a burn mechanism that will progressively offset and reduce the supply emission.

The token is also a key component in the rest of the ecosystem as we built a few use cases with X-Payment, a Discord P2P payment solution. And X-Bank, an online storage facility that also allows interroperability with the wrapped X-Cash on the Polygon chain.

Cassiterite | Blockchain Space
This is well detailed

Xiaolin | Blockchain Space
Great deal of information and number of usecases

Cassiterite | Blockchain Space
Great project I must say !

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Cassiterite | Blockchain Space
4. Who are your partners in the crypto Market , do plan to have more partnerships any time soon?

Guilhem
As we almost developped our cryptocurrency from scratch, we took a lot of time to build the core technology before providing effective use cases.

Right now we are finalizing the layer 0 of X-Cash with the Mainnet of Delegated Proof of Private Stake.
As we relase the layer 1s, we will be able to provide much more use cases and partnerships.

This being said, we started a few months ago to engage with other projects. Recently we announced a partnership with Quickswap to provide dual liquidity mining for X-Cash and Quick users.

This has helped us a lot as we quickly grow into of the biggest pool in terms of TVL thanks to our community and the attraction of the Quickswap users.

We are currently in discussion with other exchanges to progressively list X-Cash on new venues and reach out to new users.

Cassiterite | Blockchain Space
Thanks for that
Spacers are definitely following

Xiaolin | Blockchain Space
Great development, anticipating future collaborations

Cassiterite | Blockchain Space
Here comes the last question for this segment !

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Cassiterite | Blockchain Space
5. Tell us about update on what the team at X-Cash has accomplished till date and your future plans for X-Cash ?

Xiaolin | Blockchain Space
Blockchain Spacers while we wait for answers from Guilhem, Get your questions ready for the next segment!

Guilhem
Right now we are in a double battle of:

1. On the technical side, we are delivering new updates on our products and finalizing the layer 0 before the end of the year
2. On the community side, we want to grow and deliver to our community on what we recently promised with a tier 1 exchange listing.

We are at a key milestone where the community traction is higher than ever with a good liquidity on Quickswap and increasing number of new joiners.

In the near feature we are preparing new marketing actions to keep fueling this growth while the new features will be deployed on the layer 0 and 1 of the blockchain.

Our ambition is for X-Cash to become the biggest privacy coin, while still offering a compliant way to carry public transactions. This will be done through a unified community of users and members. That’s why we strongly encourage all people interested to join our ambassadors and contributors program. A lot remain to be built and this is only the beggining.

Xiaolin | Blockchain Space
Thank you Guilhem for the detailed replies
Before we proceed to the Live segment, do you have any important information that you might not have mentioned earlier or useful links that you would love to share with the community?

Guilhem
Do not hesitate to join the project and particularly our Discord channel: https://discord.gg/fHVEDmfv

We are also running a very interesting liquidity mining program on quickswap that will help us reach 1M TVL and trigger a tier 1 listing. Right now the APY is close to 1000% : https://info.quickswap.exchange/pair/0x30167fea9499c11795bfd104667240bdac939d3a

Xiaolin | Blockchain Space
Blockchain Spacers hop in
Thank you for sharing

Guilhem
Thank you


Community Questions

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Question
With the popularization of Web 3.0 and the DeFi / Blockchain space, how does X-Cash propose to provide the toolbox for the next stage of the web, with these characteristics: Privacy when needed, Transparency to achieve compliance, and Decentralized Anonymous Governance? , to generate value for investors in the long term?
You mention: “Custom X-Cash Consensus Designed for Privacy Coins” The X-Cash consensus model ditches the decentralized but unsustainable PoW consensus to propose its own variation of a DBFT consensus DPoS. So did you find any issues with the X-Cash consensus algorithm and what changes or improvements have been made to create a healthier relationship between ecosystem stakeholders, for this delegated proof of private stake?
Guilhem
We provide interoperability with Polygon Chain and Ethereum world Defi through the wrapped X-Cash and the X-bank.
The key challenge for us is to also address scalability with the sidechains solutions.


Question
Do you have any plan for community ambassador program to reward more users and create local community channel for those users who weak in English?
Guilhem
We already have an ambassador program with lots of users contributing from various regions.


Question
STAKING is one of the STRATEGIES to ATTRACT USERS and HOLD Them and long term.
Does your GREAT PROJECT have plan about to Staking?
Guilhem
Yes,you can now stake and earn coins in DPOPS or provide liquidity on Quickswap and earn close to 1000% APY.
https://info.quickswap.exchange/pair/0x30167fea9499c11795bfd104667240bdac939d3a


Question
How can I buy this tokens? Is it available on any exchange?
Guilhem
Yes, we recommand buying on Quickswap and then providing liquidity or bridging through the X-Bank to get the native token.


Question
NFT is really a hot topic in the cryptocurrency market now. So how is your project planning to develop NFT then how is your project planning to integrate it with DeFi
Guilhem
We will support NFT on mainnet along with the smart contracts.


Question
Currently most investors only care about profits at the moment but ignore the long-term benefits. So can you give them some reasons why they should buy and hold your token in the long term?
Guilhem
In three years, we have seen a wide type of people joining the project.
Most of the people are in the same boat as us and want to increase the value of the project through the utility of the coin and the technology. The price has and will increase mechanically.

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There was confusion about a CMC listed coin called XCash which pops up as a google search result .... coinmarketcap.com/currencies/xcash
So far this "imitation" is/seems to be an old dead project.

Please be aware of the official X-CASH/XCASH page on CMC

We want to inform everyone who has became aware of us over the last 3 years that there is a dead coin with an identical name on CM, please don't get confused!


There are also several projects using xcash or x-cash in their name, which are not! related to X-Cash.

X-Cash is a cross-chain network with our own native chain currency, and a pegged 1:1 Polygon token that has just listed on QuickSwap DEX - https://info.quickswap.exchange/pair/0x30167fea9499c11795bfd104667240bdac939d3a

Main site: https://xcash.foundation
Official twitter: https://twitter.com/XCashCrypto
Community twitter: https://twitter.com/XCashCommunity
DPoPS technical paper: https://docs.xcash.foundation/dpops/yellowpaper-delagated-proof-of-private-stake
Github: https://github.com/X-CASH-official
Documentation: https://docs.xcash.foundation

Yeah!
WXCASH launches on Polygon

https://twitter.com/PolygonDaily/status/1420006995101315079