[ANN] Xana: A scalable, decentralized mobile cryptocurrency

[xanaorg]

Xana: An idea whose time has come

Bitcoin is unique and revered for its immaculate conception, creating a revolution and open financial network that is borderless, fair and functionally immutable.

We propose an updated payment protocol that solves distribution through "Proof of Participation" and is fully compatible with modern mobile devices.

Also, we welcome Sybil attacks due to a modular design and data availability sampling that with will scale the blockchain and allow it to run smoothly on phones.

Please review project at: https://docsend.com/view/5frhfza5b68dyatv

Xana is an evolution in cryptocurrency involving a verifiable random function consensus mechanism, data availability sampling & proposed private features. It solves fair distribution and ushers in a mobile era for block production and rewards.

Join our journey early and contribute to the next step in decentralized and fair money.

Team Xana
https://xana.org
https://twitter.com/xanaorg

[Cynce]

You should provide us with much more information than a link to an unverified document.

[KronicGrimm]

Yess I agree, this is what olacoin tried to do and that coin is just a failure. Giving a discord and more descriptive details here would prove to be more beneficial.

[xanaorg]

There is 20 page litepaper on hosted on docsend.

https://docsend.com/v/b4bcc/xanaorg

Happy to respond to any questions after review.

[Hashrateoptions]

Why discord invite is not working on your website ?

[xanaorg]

I believe it linked to team profile

But just created a server here https://discord.gg/y5uhabCRea


Add some channels, let's kick off a lively discussion on "Proof of Participation."


We are gathering a nice community. Check out litepaper and be part of something great. You are early!

https://xana.org

https://discord.gg/y5uhabCRea


Wanted to thank community for all the support.

Our "Proof of Participation" will change crypto. Excited to have everyone on this journey!

https://xana.org

[moderator's note: consecutive posts merged]

[Derko]

This project has only one well-written homework and not a single line of code to begin with! What is the purpose? Looking for developer support or just sharing an idea? Give a little more information.

[xanaorg]

Thank you for your interest. We are working on a Q3 devnet. In the meantime, we are sharing project for feedback.

Join us and provide your perspective. Constructive conversations are happening.

https://discord.gg/y5uhabCRea


Happy Halving Day. Join us for a celebration


It has happened. Block reward reduced


Xana will be the first fairly distributed blockchain since Bitcoin. Read more about our "Proof of Participation" lottery via VRFs

https://docsend.com/view/5frhfza5b68dyatv



Excellent feedback and support from this community. The team is more than inspired and motivated in pursuit of our mission. Stay tuned!


Come discuss future of crypto https://docsend.com/view/5frhfza5b68dyatv


We just got Xana Foundation verified on twitter (gold check mark) and will provide weekly updates!

Please follow us https://twitter.com/xanaorg 

Also, community is forming fast on Discord: https://discord.gg/zdyczVf3vf

Xana Team

[moderator's note: consecutive posts merged]

[cetiss]

cool stuff guys. saw twitter tagline, fairest block reward distribution since Bitcoin

that would be game changing


nevermind, found this in the discord https://discord.gg/XJUW29tvdJ

Xana’s VRF (Verifiable Random Function) consensus mechanism is integral to its Proof-of-Participation (PoP) protocol.

Here’s how it works:

Selection: VRF is used to randomly and securely select a subset of cells (nodes) to propose and validate blocks. No stake is required, ensuring fairness and inclusivity.

Block Proposers: Selected cells propose new blocks. The selection is random and verifiable, ensuring no single entity can predict or manipulate the process.

Block Validation: Another subset of cells, also selected via VRF, validates the proposed blocks. This two-step process ensures that the block is valid and adheres to the network rules.

Finalization: Once a block is proposed and validated, it is added to the blockchain. The process repeats, maintaining a fair, decentralized and secure network.

Advantages:

Security: The randomness and verifiability of VRF ensure that the selection process is secure and resistant to manipulation.

Decentralization: By allowing anyone to participate, Xana ensures a high level of decentralization.

Efficiency: The use of VRF and PoP allows for quick consensus and high transaction throughput.

[moderator's note: consecutive posts merged]

[xanaorg]

Xana Protocol Update:

Development is proceeding ahead of schedule. Team will likely will have an internal devnet next week!

Once completed, we will have an incentivized testnet for community and on our way to the fairest token distribution since Bitcoin BTC

Community is growing steadily, join us https://discord.gg/XJUW29tvdJ

Or engage with us on twitter: https://x.com/xanaorg

Thanks for your continued support and interest everyone

Team Xana

[cetiss]

just saw update on twitter, looks like public beta is comign soon

dont sleep yall

[xanaorg]

Confirmed, we have a private beta, followed by a public testnet in a week or so!

[xanaorg]

If you would like a sneak peak of our internal testnet, drop by the Xana Discord https://discord.gg/dwj2ynqhGw

We are working on developing our android app for public testnet. Exciting times!

Team Xana

[SELETBUKI]

It would be great if you provided more details about your project here. You should provide us with more information than just links to unverified and less than transparent documents.

[cetiss]

there's a good litepaper on their website xana.org

also a ton of info in the discord bro  .

i copied from #technology channel:

xChain’s Two-Layer Cryptographic System

Cryptographic Framework:

Our protocol utilizes VRFs to provide secure, random number generation that is essential for cryptographic guarantees. The two-layer system involves the creation and management of node operator & end user participation keys, enhancing the security and reliability of the network.


Ephemeral Key Generation:

Both archival nodes and mobile end users can generate ephemeral cryptographic keys, referred to as “alpha strings.” These keys are linked to unique hardware identifiers such as IMEI (International Mobile Equipment Identity) and MAC (Media Access Control) addresses. This linkage ensures the validity of each participant’s physical hardware within the network.


Proof-of-Participation (PoP):

The participation keys are utilized to validate PoP. The Xana consensus mechanism is designed to confirm active and legitimate participation in the network. This validation process helps maintain the integrity and security of the network by ensuring that only genuine users can participate in consensus activities and limits the advantages of operating a bot network.


Network Scaling:

As the network scales, both in terms of nodes and user base, the protocol naturally adjusts its difficulty. This adjustment is expressed in the block reward lottery mechanism, where increasing protocol difficulty raises the cost for potential malicious activities, thereby discouraging such behaviors.

[cetiss]

Xana's Proof-of-Participation (PoP) will verify cell phones to qualify for token distribution.

Here’s how it works:

Key Generation:
Each participant (e.g., cell phone owner) generates a key pair (private key, public key) when downloading Xana mobile app.
The public key is shared within the network, while the private key remains confidential.

Input Collection:
The unique identifier of the cell phone (IMEI number or other unique identifier) is used as the input for the VRF.
This identifier will be combined with a timestamp to prevent replay attacks and ensure freshness.

Random Output Generation:
Each participant uses their private key and the unique identifier to generate a random output and a proof using the VRF.
The function will look like: ( \text{VRF}_{\text{PrivateKey}}(\text{IMEI} + \text{Nonce}) ).

Distribution Calculation:
The random output determines the winner of tokens each block.
The distribution algorithm ensures fairness (lottery-based).

Verification:
Anyone in the network can use the proof to verify the legitimacy of the random output and the token distribution.
The verification ensures that the distribution is fair and cannot be manipulated by the participants.

Consensus Mechanism:
Participants collectively agree on the token distribution by verifying the VRF outputs and proofs.
The consensus protocol ensures that the distribution is transparent and tamper-proof.

Key Advantages:

Security: The use of VRFs ensure that the distribution is unpredictable and cannot be manipulated.
Fairness: Using unique identifiers like IMEI numbers ensures that every participant has an equal opportunity
Transparency: The verifiability of VRF outputs allows for transparent and trustless verification by anyone in the network.
Decentralization: No central authority is required to manage the distribution, making the process decentralized.

Considerations:

Privacy: ZKPs are being considered to protect IMEI numbers so that they are used in a privacy-preserving manner.
Scalability: Xana protocol is scalable to handle a large number of participants.
Security of Private Keys: Participants must securely manage their private keys to prevent unauthorized access.

By leveraging VRFs and cell phone unique identifiers, Xana consensus protocol fairly distributes tokens over time, enhancing the security and fairness of the network.

[xanaorg]

Thanks cetiss, everyone is always welcome to come to the Discord and ask questions.

https://discord.gg/dwj2ynqhGw

Have a great weekend everyone!

[cetiss]

let's gooooooo

[xanaorg]

Public testnet on Android app coming soon...