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About Xaya
- Xaya is a language and blockchain agnostic platform for creating fully decentralized, permissionless, trustless, and serverless games and dapps.
- CHI is the native currency of the Xaya blockchain.
- Xaya solves scalability issues for blockchains for both performance and computational complexity for games/dapps.
- Xaya uses the blockchain as a base data store similar to Namecoin.
- Xaya’s Game Channel technology enables numerous computationally highly complex, real-time Massively Multiplayer Online games (MMOs) and dapps.
How Does Xaya (CHI) Work?
- Xaya uses the blockchain as a base data store for cryptographic security but dec
About Xaya: Empowering the Future of Blockchain Gaming
Xaya and CHI: A Comprehensive Overview
Xaya is a pioneering platform that transcends language and blockchain boundaries, empowering the creation of fully decentralized, permissionless, trustless, and serverless games and decentralized applications (dapps). At the heart of this ecosystem lies CHI, the native cryptocurrency of the Xaya blockchain.
Xaya pioneers a solution to the scalability conundrum plaguing blockchains, effectively addressing both performance and computational complexity hurdles, thereby unlocking seamless experiences for games and decentralized applications (dapps).
Xaya is a bespoke blockchain, forked from the robust foundations of Bitcoin and Namecoin. By leveraging the blockchain as a fundamental data repository, akin to Namecoin, Xaya ensures the cryptographic security of games and decentralized applications (dapps) built upon its foundation.
Xaya’s Game Channel technology empowers the seamless deployment of multiple, computationally intensive, real-time Massively Multiplayer Online games (MMOs) and decentralized applications (dapps), unlocking unparalleled gaming experiences.
Xaya (CHI): Unveiling the Intricacies of its Operational Framework
Xaya leverages the blockchain as a foundation for secure data storage, harnessing its cryptographic prowess, while simultaneously decoupling state computation through the innovative implementation of Game State Processors (GSPs).
GSPs bear a resemblance to smart contracts on Ethereum, but with a key distinction: by decoupling computation, they can accommodate arbitrary complexity.
GSPs that integrate Xaya Game Channels can facilitate seamless, real-time, and trustless gameplay experiences without overloading the core blockchain. Moreover, an unlimited number of channels can operate concurrently, with each channel capable of processing an unlimited volume of moves (transactions) between them, all while incurring no fees, except for the nominal costs associated with opening and closing the channel.
Thanks to Xaya’s blockchain-agnostic approach, Game Service Providers (GSPs) can be seamlessly developed and deployed on diverse platforms, including Ethereum, side chains, and others, thereby leveraging their respective consensus mechanisms. Moreover, wrapped CHI can be utilized as the preferred currency within these gaming ecosystems.
Is CHI Mineable?
CHI can be mined utilizing either SHA-256d or a Neoscrypt variant, with a reward distribution of 25% allocated to SHA-256d miners and 75% allocated to Neoscrypt miners, thereby striking a balance between the high security afforded by SHA-256d and the broad distribution enabled by Neoscrypt.
Xaya leverages the SHA-256d algorithm, facilitating merge mining with Bitcoin or other compatible cryptocurrencies, thereby harnessing a substantial proportion of Bitcoin’s formidable hashing power.
Xaya’s Neoscrypt algorithm is efficiently mined using Graphics Processing Units (GPUs), either through solo mining or in conjunction with mining pools.
Deciphering the Enigma of CHI Burns: A Comprehensive Exploration
Burning coins refers to the process of sending them to a provably unspendable output, thereby rendering them unusable. A notable example of this mechanism in action is Xaya’s Taurion game, where the in-game currency, cubits, can only be acquired by burning CHI, highlighting the innovative application of this concept in the gaming sphere.
The Visionaries Behind Xaya: Meet the Founders
The esteemed founders of Xaya comprise Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth, a visionary team of pioneers.
Notably, Colosimo played a pivotal role in the development of Namecoin in 2013. Furthermore, he is credited with creating the world’s inaugural blockchain-based game, Huntercoin, a groundbreaking innovation in the realm of digital entertainment.
Kraft, a mathematician and erstwhile Google engineer, has made significant contributions to the blockchain ecosystem. As the primary developer of Namecoin and Xaya, he has left an indelible mark on the industry. Furthermore, he regularly commits to the Bitcoin Core code on GitHub, showcasing his dedication to the advancement of cryptocurrency.
Unveiling the Unparalleled Xaya: A Truly Unique Entity
Scalability poses a paramount concern for the majority of blockchain systems, particularly when intricate computations and substantial storage capacities are necessitated, as exemplified by the development of sophisticated on-chain logic within smart-contract systems, such as Ethereum.
To address scalability concerns, Xaya adopts a two-pronged approach. By decoupling game-state processors from the core blockchain, the design enables the “sharding off” of computations for individual applications from the core network, analogous to Ethereum’s rollups, albeit with a more streamlined and elegant design.
Furthermore, Xaya incorporates Game Channels, a peer-reviewed innovation that enables limitless transactions per second while mitigating blockchain congestion, thereby achieving unprecedented scalability and significantly reducing the cost of on-chain data availability.
Xaya stands out for its ability to facilitate fully decentralized, trustless, permissionless, and serverless games and decentralized applications (dApps) in a programming language and blockchain-agnostic manner, thereby allowing seamless integration of assets from other blockchains into a Xaya Game Smart Property (GSP).
The Xaya team blazed a trail in 2013 with the world’s inaugural blockchain game, Huntercoin, and have since evolved the concept into a comprehensive platform where games embody authentic blockchain attributes:
- Decentralized and autonomous
- Open-access and permissionless
- Trustless and self-verifiable
- Serverless and decentralized infrastructure
- Transparent and publicly visible
- Irreversible, immutable, and tamper-proof
- Secure and cryptographically protected
- Anonymous or pseudo-anonymous, with optional privacy
- Limited in supply and scarce by design
- Provably fair and mathematically guaranteed
- Fraud-proof, uncheatable, and resistant to manipulation
The Xaya CHI Network’s Security Mechanisms: A Robust Framework
Xaya employs a novel triple-purpose mining approach, which combines merge mining of SHA-256d with a modified Neoscrypt algorithm. This innovative methodology allocates 25% of block rewards to SHA-256d miners and 75% to Xaya Neoscrypt miners, fostering a harmonious coexistence of both mining protocols.
Merged mining utilizing the SHA-256d algorithm enables Bitcoin (and other SHA-256d miners) to mine CHI at virtually no additional cost. The immense hashing power contributed by these miners renders CHI exceptionally secure. Even if an attacker were to somehow acquire 100% of the Neoscrypt hashing power, they would still be unable to surpass the work performed by SHA-256d miners.
By leveraging Neoscrypt’s stand-alone mining capabilities, the distribution of CHI coins is democratized, allowing for a more widespread allocation of coins throughout the community.
Xaya’s innovative dual algorithm mining approach significantly enhances its resistance to stalling, thereby bolstering the network’s overall robustness.