Ninjastic
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Post
Topic
Board Announcements (Altcoins)
Merits 9 from 5 users
[ANN] x42 - Feeless, PoS, Masternodes/Smart Contracts/Side Blockchains
by
x42-ADM
on 01/08/2018, 19:43:29 UTC
⭐ Merited by BitcoinGoat (5) ,tamara163 (1) ,diks (1) ,ivanovmoscow (1) ,Vikhy (1)



  • What is the x42 Protocol (x42)?

    A feeless cryptocurrency that allows users not only to make transactions using the x42 coin but also gives a very large array of tools to the developer or entrepreneur that chooses to use the platform as a developing workspace and publishing service; x42 is a proof of stake blockchain that allows for the creation, distribution and decentralized hosting of applications, it also allows for the creation of side blockchains that can be edited to allow for any type of desired scalability through different block times, block sizes and near limitless usability in various situations at zero or minimal cost, these side blockchains offer a test network that any development team or even single users can take advantage to test and debug the most varied array of software types in a decentralized and secure manner.

[/list]

  • x42 Key Features

      • Feeless transactions
      • Proof of stake
      • Customizable side blockchains
      • Smart contracts
      • Control over DApps


    .

    • Coin Specifications

      Name: ........x42 Protocol
      Symbol (Ticker):........x42
      Block Validation:........Proof of stake
      Decimals:........8
      Block Time: ........~60 seconds
      Block Reduction:........400.000 (from 20 x42 to 2 x42, until 42.000.000 coins exist)
      Smart Contracts:........Enabled
      Fees:........0 (main blockchain), variable (side blockchains/smart contracts)
      Private Transactions:........Soon
      Pre-mined:........10.500.000



    • Coin Distribution





    █ Core Development 5.600.000 (13.33%)   █ Strategic Partners 2.800.000 (6.66%)
    █ Third Party Development and Partnered Exchanges 1.300.000 (3.11%)   █ Bounties and Airdrops 800.000 (1.9%)
    █ Unminted (75%)


    Total supply: 42.000.000 x42 coins



    • Initial Coin Offering and Launch

      Traditional launch, no initial coin offering (ICO).
      The x42 core development team and community are working hard, and the value is already observable, the coin price will increase and therefore we will not make an ICO, we want to reward the community by providing a higher PoS reward and bounties for that work. The x42 protocol is already online as of this post, it offers fully functional main and test networks.
      All information regarding the pre-mined coins and their distribution and use can be found on our official website: https://x42.tech/

    .

    • Zero Fees

      Transactions on the blockchain are a fundamental part of any cryptocurrency project, we felt that full clients getting the fees from side blockchain projects and smart contracts that give them good ROI is much better than charging for each transaction, that is without taking into account the staking block reward of 20 x42 until block 400.000 and 2 x42 units after that point; a block reward is given every 60 seconds. A developer that chooses to pay xServers with what they feel is a fair share will get servers owner support and as a community will get to choose what succeeds and what doesn’t. Non-profit organizations can choose zero fees for their contracts, and the community can host them knowing they are doing good by donating resources to them, while entrepreneurs can choose to run fees as low or as high as they want for their projects on side blockchains and smart contracts.

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    • Roadmap

      • xServer
        The old fullnode client will no longer be able to process smart contracts or be a node for side blockchains, it will still be able to stake and use as an all-purpose wallet.
        Tier 1 xServers will require the user to lock and stake 1,000 x42 to process smart contracts, it will also be able to connect and host side blockchains as well as decentralized applications (DApps).

        Tier 2 xServers will require the user to lock and stake 20,000 x42 to access all the Tier 1 capabilities and have the capability of hosting the reputation system, which by itself is going to generate more income to the xServer owner via the processing of newly created accounts (which will cost 20 x42 or 20 usd in x42, whichever is lowest).

        Tier 3 xServers will require the user to lock 100,000 x42 and it won't be able to stake, it will have all the capabilities of Tier 2, plus the ability to host a tumbler that will allow all users to access a private transaction paid service, which the T3 xServer owner will get a fee for offering this capability. The T3 node will also offer an atomic swap feature in the future.

        All xServer release information was turned into a real-time progress (%) bar in our website, there will be no fixed release dates, they will be launched when they are completely done and thoroughly vetted, this is going to allow our programmers to fully focus on developing the best product possible without worrying about a coming date, that will also open the possibility of launching a specific product before what was expected.
        ¨
      • Private transactions and contracts
        Full integration with Breeze Wallet and Tumblebit into the x42 main blockchain.
        ¨
      • Blockchain application store
        A very clean and easy to use interface to download, upload, host and run DApps from the x42 side blockchains.
        ¨
      • Reputation system
        Full reputation system implemented on the blockchain DApps store
        ¨
      • Contract unique identifications and name registration
        Unique identifiers for each and every contract that will allow them to be listed in a much more organized manner.
        ¨
      • Contract auction house
        An auction house for said contracts, allowing users and developers to buy and sell running contracts.


        .

    • Bounties!

      • A total of 450.000 x42 units will be distributed as bounties, the following list shows the division of bounties:

         ─........ 250.000 (55.57%) Bug hunt and blockchain code improvements (paid accordingly to gravity of bug found and quality of resolution code delivered)
         ─........ 100.000 (22.22%) Lightning network C# solution (complete code)
         ─........ 50.000 (11.11%) Youtube and Twitter bounties (join discord for more information)
         ─........ 20.000 (4.44%) Open to popular requests
         ─........ 10.000 (2.22%) Wallet improvements (paid accordingly to GitHub commits)
         ─........ 10.000 (2.22%) Language translations (paid accordingly to how widely used the language is)
         ─........ 5.000 (1.11%) Reserved for users that help get x42 exchange listings (proof required)
         ─........ 5.000 (1.11%) Website code improvement (complete code)

         Disclaimer: Subject to change

    • Extra bounty!

      • Beta test group!!

        x42 Core Development Team
        The x42 team is happy to announce that we are assembling a beta test group.
        Users that take part in beta test will help in the development of new version of the xCore and xServer wallets, every new released version will be tested by the entire group for the duration of the beta period.
        The x42 core development team created a new special bounty for this group, whoever takes part in it and reports the most bugs or/and improvements that can be made to the wallet will be paid:
        1st place – The user who reports the most amount of newly found bugs at the end of the trial period will get 200 x42 coins.
        2nd place – Second user who reports the most bugs will get 100 x42 coins.
        3rd place – User will get 50 x42 coins.

        The x42 core development team requires all users that take part in this special bounty to use the beta wallet provided for the entire duration of the test period, this test period can vary according to the amount of changes and updates made to the wallet. Bounties will only be paid when the new wallet version is released.

        Users who want to apply for this bounty need to post the following computer specifications in this thread (https://bitcointalk.org/index.php?topic=4799548.0):
        1 – Operating system complete with version
        2 – CPU, RAM and GPU specifications
        3 – Download and upload speeds

        Users are also required to include their Discord username.
        Any user with at least 1 x42 unit can take part in this bounty.

        Happy bug hunting!


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