Venus1100
Active member
The XX network is a fast, low-fee layer 1 blockchain that is quantum-ready. The xx network employs nominated Proof-of-Stake (PoS) to incentivize all coin holders to run and elect nodes and participate in platform governance via an on-chain DAO.
XX Network's Key Features
The xx consensus relies on three novel mechanisms:
Committed chance. Each node in the xx network publicly commits to a large number of random values that they generate but keep secret (via hash functions). Every round, one node is randomly selected to be a block producer and reveals a predetermined secret that the rest of the network can verify. When combined with the chain of all prior revealed randoms (dating back to the random published in the genesis block), a new verifiable but unmanipulable random was generated to schedule nodes for subsequent Rounds.
Endorser Selection. To endorse a block, choose a constant-sized subset of the network at random. The majority of nodes only need to receive a condensed ledger of all transactions along with the endorsement of the sampled nodes by sampling a subset of the network to receive, verify, and endorse the transactions in a block.
Signatures of Compact Group Endorsement A new quantum-secure group-signature scheme based on hash signatures that significantly reduces the size of finality proofs. Each endorser only signs a small number of bits that correspond to the block. As a result, each signature is insecure on its own; however, if enough endorsers sign the same block, the signature as a whole is quantum-secure, compact, and quick to validate.
XX Network's Key Features
The xx consensus relies on three novel mechanisms:
Committed chance. Each node in the xx network publicly commits to a large number of random values that they generate but keep secret (via hash functions). Every round, one node is randomly selected to be a block producer and reveals a predetermined secret that the rest of the network can verify. When combined with the chain of all prior revealed randoms (dating back to the random published in the genesis block), a new verifiable but unmanipulable random was generated to schedule nodes for subsequent Rounds.
Endorser Selection. To endorse a block, choose a constant-sized subset of the network at random. The majority of nodes only need to receive a condensed ledger of all transactions along with the endorsement of the sampled nodes by sampling a subset of the network to receive, verify, and endorse the transactions in a block.
Signatures of Compact Group Endorsement A new quantum-secure group-signature scheme based on hash signatures that significantly reduces the size of finality proofs. Each endorser only signs a small number of bits that correspond to the block. As a result, each signature is insecure on its own; however, if enough endorsers sign the same block, the signature as a whole is quantum-secure, compact, and quick to validate.
