X42 Protocol



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Name: x42

Ticker: x42

Whitepaper: https://www.x42.tech/docs/x42%20whitepaper%2001_08_2018.pdf


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.


x42 Key Features[ ]

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


Coin Distribution[ ]

Example of 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.


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 550.000 and 5 x42 units after that point; a block reward is given every 60 seconds. A developer that chooses to pay masternodes with what they feel is a fair share will get masternode 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.


Exchanges[ ]

TO BE UPDATED.



Roadmap[ ]

TO BE UPDATED.


x42 Masternodes[ ]

    • Full node will no longer be able to process smart contracts or be a node for side blockchains. Will still be able to stake and use as an all-purpose wallet. Masternode will require the user to lock and stake 1,000 x42 to process smart contracts and connect to side blockchains.==


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.


Possible Applications of x42 Protocol[ ]

The x42 protocol allows for several existing and new business models to come to light in a much easier way than before with feeless transactions, side blockchains, smart contracts and much more. Some of the applications we are working on or hope to see eventually on side blockchains are:

  • Casual games like Ethereum’s Cryptokitties
  • Hardcore MMORPGs like Ultima and EVE Online
  • Map applications improving on platforms like Waze and Maps.me
  • Virtual Reality and Augmented Reality applications
  • Voting systems, be those for small groups or entire nations
  • Decentralized cryptocurrency exchanges
  • Remote control of small and large equipment
  • Upholding contracts via the reputation system
  • Smart power grid control and energy distribution
  • Allowing for the creation of entirely blockchain based communities
  • Businesses and government automation of various processes
  • New projects being launched in the form of a x42 token side blockchain


 In other words, the possible applications for the x42 protocol are nearly infinite, by using the x42 protocol you can decentralized basically any type of application, which will be hosted by masternode owners without relying on a central authority, therefore making it very resilient and allowing the creator to focus entirely on the development of the project.


Useful Links[ ]


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