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Xaya Stock

Xaya

CHI

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Xaya Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
CoinExCHI/USDT0.0311.266.474,538.750cex35/29/2025, 6:23 AM
ProBit GlobalCHI/USDT0.040047.580cex15/22/2025, 6:18 AM
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Xaya FAQ

{ "q": "about", "a": "What Are Xaya and CHI?\n\nXaya 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.\n\nXaya addresses scalability challenges inherent to blockchains, particularly concerning performance and computational complexity in games and dapps.\n\nXaya 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.\n\nXaya's Game Channel technology enables the execution of highly complex, real-time Massively Multiplayer Online Games (MMOs) and dapps. \n\nHow Does Xaya (CHI) Work?\n\nXaya employs the blockchain as a foundational data store for cryptographic security while decoupling state computation using Game State Processors (GSPs).\n\nGSPs are analogous to smart contracts on Ethereum; however, their decoupled computation allows for greater complexity.\n\nGame 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.\n\nThanks 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.\n\nCan You Mine CHI?\n\nCHI 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.\n\nXaya's SHA-256d is merged mined with Bitcoin (or any other SHA-256d coin), harnessing a substantial portion of Bitcoin's hashing power.\n\nXaya's Neoscrypt can be mined solo or in pools using GPUs.\n\nWhat Is a CHI Burn?\n\nBurning 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.\n\nWho Are the Founders of Xaya?\n\nThe founders of Xaya include Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth.\n\nColosimo significantly contributed to Namecoin development in 2013 and created the world’s first blockchain game, Huntercoin.\n\nKraft 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.\n\nWhat Makes Xaya Unique?\n\nScalability 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.\n\nXaya 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.\n\nTo 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.\n\nXaya 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.\n\nThe Xaya team pioneered the first blockchain game in 2013, Huntercoin, expanding the idea into a comprehensive platform where games possess true blockchain attributes:\n\n- Decentralized\n- Permissionless\n- Trustless\n- Serverless\n- Transparent\n- Irreversible and immutable\n- Secure\n- Anonymous/pseudo-anonymous\n- Limited and scarce\n- Provably fair\n- Fraud-proof and uncheatable\n\nHow Is the Xaya CHI Network Secured?\n\nXaya 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.\n\nMerged 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.\n\nStand-alone mining with Neoscrypt promotes broader distribution of CHI coins within the community.\n\nXaya’s dual algorithm mining bolsters its resilience against stalling.", "rank": "0" }

Investors interested in Xaya are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.