Xenon Network: an alternative blockchain

The idea of creating a business blockchain, efficient and specifically dedicated to corporate solutions such spil identity verification of people, is a reality te development thanks to projects such spil EOS and Xenon. On this last one wij will shortly talk here.

Xenon, an alternative bifurcated blockchain of the EOS project, avoids some of the regulatory challenges facing tokens derived from public offerings while having a broader distribution than the EOS token with ICO crowdfunding.

But to be able to understand a little better, wij need to explain ter advance what the EOS project is about. The EOS project originally promises an innovative high-performance blockchain capable of hosting enterprise-level applications at low transaction rates. It is being developed by the block.one company who has a proven development team with a track record of accomplishing ambitious projects ter this area.

The vision is to have an alternate EOS chain spil an alternate block chain, distributed overheen the next 9 months spil an ERC20 token, becoming tokens te an alternate EOS chain at the time of its launch, scheduled for July 2018.

It is worth mentioning that the EOS project has announced that they will not participate te the launching of a network, but only te the production of open source. The responsibility for the release of the blockchain rests te the community. The objective is to be the main and superior chain at the time of launch due to a broader distribution, a stronger community and a better commitment of the developers, spil well spil a lower regulatory risk by avoiding an initial currency offerande.

The online ecosphere of today suffers continually from its inability to say who is a genuine and unique human, and who is not. The proposed mechanisms for a fairer individuality test involve simultaneous videoconferencing parts based on http://www.brynosaurus.com/loom/2007/0327-PseudonymParties.pdf ter which the participants verify the identities of others ter a single point ter time to identify individuality. EOS has a web-based implementation for this and that involves the Ethereum blockchain. The proposed specimen will consist of simultaneous monthly videoconference events te which single people with tokens will be rewarded.

Xenon Network believes that the above factors present an chance for an alternative block chain to be launched at the same time from the open source base EOS with properties that make it superior to the originally planned EOS blockchain. Its two main arguments for this are: 1.- the distribution of Airdrop to the participants te the Ethereum and Bitcoin networks, spil well spil through other channels, which ensures a generalized distribution of the tokens. They believe that this can raise the profile of the blockchain and increase community participation. Two.- Absence of an initial offerande of currencies, reducing the regulatory risk associated with this form of capital increase. Coins and tokens distributed through mechanisms such spil mining or airdrop may therefore have a greater liquidity compared to products launched through ICO.

The Xenon project involves the creation of 1,000,000,000 XNN tokens – the project’s native token – of the ERC20 modality. 70% of thesis will be launched from the air.

Notwithstanding the foregoing, it voorwaarde be borne ter mind that, on the one arm, the EOS project itself is still te the process of being developed, and many of its advantages overheen preexisting blockchains remain purely theoretical. Albeit the EOS software is being developed spil an open source project under the MIT License, developers, block.one company or EOS token holders can take steps to prevent forged chains from becoming viable, and this could affect Xenon Network.

It is anticipated that the Xenon blockchain will be launched ter July / August 2018. For more details you can check your White paper.

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