What Are Xaya and CHI? Xaya is a versatile platform designed to support the development of fully decentralized, permissionless, trustless, and serverless games and dapps, irrespective of the programming language or blockchain. CHI serves as the native currency of the Xaya blockchain. Xaya addresses scalability challenges inherent to blockchains, particularly concerning performance and computational complexity in games and dapps. Xaya operates on a custom blockchain, forked from Bitcoin and Namecoin. It utilizes its blockchain as a foundational data store, akin to the approach used in Namecoin, ensuring cryptographic security for games and dapps. Xaya's Game Channel technology enables the execution of highly complex, real-time Massively Multiplayer Online Games (MMOs) and dapps. How Does Xaya (CHI) Work? Xaya employs the blockchain as a foundational data store for cryptographic security while decoupling state computation using Game State Processors (GSPs). GSPs are analogous to smart contracts on Ethereum; however, their decoupled computation allows for greater complexity. Game Channels implemented through GSPs facilitate real-time, trustless gameplay without increasing the blockchain's core bloat. An infinite number of channels can run concurrently, each facilitating unlimited transactions without charges, aside from those incurred when opening and closing the channel. Thanks to Xaya’s blockchain-agnostic approach, GSPs can be developed and operated on different platforms like Ethereum, side chains, and others, leveraging their respective consensus mechanisms. Wrapped CHI can be utilized as currency within those games. Can You Mine CHI? CHI is minable using SHA-256d or a Neoscrypt variant, with 25% of block rewards allocated to SHA-256d miners and 75% to Neoscrypt miners, balancing high security through SHA-256d and broad distribution with Neoscrypt. Xaya's SHA-256d is merged mined with Bitcoin (or any other SHA-256d coin), harnessing a substantial portion of Bitcoin's hashing power. Xaya's Neoscrypt can be mined solo or in pools using GPUs. What Is a CHI Burn? Burning coins involves transferring them to an unspendable output. An instance of this process occurs in Xaya's Taurion game, where in-game currency (cubits) can only be acquired by burning CHI. Who Are the Founders of Xaya? The founders of Xaya include Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth. Colosimo significantly contributed to Namecoin development in 2013 and created the world’s first blockchain game, Huntercoin. Kraft is a mathematician and former engineer at Google and serves as the primary blockchain developer for Namecoin and Xaya. He also actively contributes to the Bitcoin Core code on GitHub. What Makes Xaya Unique? Scalability is a significant challenge for most blockchain systems, especially when complex computations and storage are required, as seen with intricate on-chain logic in smart-contract platforms like Ethereum. Xaya tackles scalability with a two-fold approach: Its fundamental design separates game-state processors from the core blockchain, enabling individual application computations to "shard off" from the core network, similar to Ethereum's rollups but inherently simpler and cleaner. To further enhance scalability and minimize data availability costs on-chain, Xaya also uses Game Channels, a peer-reviewed technology allowing unlimited transactions per second while reducing blockchain bloat. Xaya is distinctive for enabling fully decentralized, trustless, permissionless, and serverless games and dapps in a language and blockchain-agnostic manner. Assets from other blockchains can be easily integrated into a Xaya GSP. The Xaya team pioneered the first blockchain game in 2013, Huntercoin, expanding the idea into a comprehensive platform where games possess true blockchain attributes: - Decentralized - Permissionless - Trustless - Serverless - Transparent - Irreversible and immutable - Secure - Anonymous/pseudo-anonymous - Limited and scarce - Provably fair - Fraud-proof and uncheatable How Is the Xaya CHI Network Secured? Xaya employs a triple-purpose mining approach, utilizing merged mined SHA-256d and a Neoscrypt variant with 25% of block rewards directed to SHA-256d miners and 75% to Xaya Neoscrypt miners. Merged mining with SHA-256d enables Bitcoin (and other SHA-256d miners) to mine CHI at no additional cost. The significant hashing power involved markedly enhances CHI’s security. Even if an attacker obtained 100% of the Neoscrypt hashing power, they could not surpass the work performed by SHA-256d miners. Stand-alone mining with Neoscrypt promotes broader distribution of CHI coins within the community. Xaya’s dual algorithm mining bolsters its resilience against stalling.