XP
Xphere
$0.01397
3.14%
Xphere
XP
$0.01397
3.14%
Xphere Price Converter
Xphere Information
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About Xphere
Xphere (XP) is a dual-chain blockchain platform that separates transaction processing and validator selection using PBFT and PoW mechanisms. The Main Chain handles transactions, while the Proof Chain uses SHA-256 PoW for secure validator selection. XP is the native coin used for fees, staking, and validator rewards. Governance is managed by the X-Guardians Alliance, with participation limited to approved node operators. The network supports Ethereum-compatible smart contracts and tools.
Xphere (XP) is a blockchain platform built on a dual-chain architecture, composed of a Main Chain and a Proof Chain. The Main Chain is responsible for transaction processing and block finalization using an optimized Practical Byzantine Fault Tolerance (PBFT) consensus mechanism. The Proof Chain handles validator selection and proof generation through a Proof-of-Work (PoW) process based on the SHA-256 algorithm. This separation is designed to improve scalability, maintain decentralization, and ensure network security.
The platform supports Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy Solidity-based smart contracts and interact with Ethereum-compatible tools.
Xphere’s native coin, XP, has several defined functions within the network:
- Transaction Fees: Used to pay for transaction processing on the Main Chain.
- Staking: Required for validators to participate in the consensus process.
- Mining and Validator Incentives: Distributed as rewards for nodes participating in the PoW process on the Proof Chain and for validators in the Main Chain.
- Governance: Governance is conducted through the X-Guardians Alliance, a group of mainnet node operators. Eligibility requires approval and, in some cases, staking of XP. Coin holders outside the Alliance do not participate directly in governance decisions.
