XPR Network

XPR is the native cryptocurrency of XPR Network, formerly known as Proton, a layer-1 blockchain designed to support digital payments, smart contracts and decentralised applications (dApps). The network uses a Delegated Proof-of-Stake (DPoS) consensus mechanism, in which XPR holders can stake their tokens to vote for block producers responsible for validating transactions and maintaining the blockchain.

XPR Network allows users to transfer digital assets without paying direct transaction fees for standard transactions. The network allocates computing resources to accounts, while applications with higher resource requirements can obtain additional capacity through resource plans.

The blockchain also supports human-readable account names, token creation and optional identity verification. These features allow users to interact with blockchain applications through account names and provide identity information when required by specific services.

XPR is used for staking, block producer voting, governance, payments and network resource allocation within XPR Network.

Token holders can stake XPR to participate in the selection of block producers who validate transactions and maintain the network. Staking participants may also receive XPR rewards according to the network's staking mechanisms.

XPR is also used in network governance, allowing token holders to participate in voting processes related to the operation and development of XPR Network. Block producers are responsible for implementing protocol-level decisions.

The token can be transferred between accounts and used within applications operating on the blockchain. Users can manage XPR through wallets such as WebAuth Wallet, which supports token transfers using human-readable account names.

XPR can also be used to obtain additional network resources, including processing capacity and bandwidth, for applications requiring resources beyond their standard allocations. The token is supported by decentralised finance (DeFi) applications within the ecosystem, including Metal X.

XPR Network was co-founded by Marshall Hayner, Glenn Mariën and Fred Krueger. Originally known as Proton, the blockchain was launched in April 2020 through a collaboration between Metal and Lynx.

Hayner and Mariën were co-founders of Metallicus, the company behind Metal Pay, while Krueger was the founder and CEO of Lynx. The project combined their work in cryptocurrency payments, blockchain infrastructure and digital asset management.

Proton was later renamed XPR Network, with Metallicus continuing to contribute to its development.