The layer 1 blockchain on the XX network (e.g. XX/USDT) is quick, inexpensive, and quantum-ready. In order to encourage all currency holders to run and elect nodes as well as take part in the platform's governance through an on-chain DAO, the XX network uses nominated Proof-of-Stake (PoS) mechanism. The main characteristics of the xx network will be discussed in this article (buying instruction on MEXC).
Principal Elements of XX Network
Three cutting-edge mechanisms are used by the xx consensus:
- Committed Randomness. Each node in the xx network makes a huge number of random values that they generate but keep hidden publicly committable (using hash functions). Every round, one node is selected to be a block producer (by the random number generated in the round before), and this node then reveals its prepared secret to the rest of the network for verification. When the chain of all earlier revealed randoms — dating all the way back to the one published in the genesis block—was joined, a new, verifiable but immutable random was created to assign nodes to following Rounds.
- Compact Group Endorsement Signature. A brand-new hash signature-based group signing system that is quantum secure and greatly scales down the amount of finality proofs. Only a small portion of the bits corresponding to the block are signed by each endorser. As a result, each signature is insecure on its own, but if enough endorsers sign the same block, the signature becomes compact, rapid to validate, and quantum-secure as a whole.
- Endorser Sampling. To support a block, pick a constant-sized portion of the network randomly. The majority of nodes simply need to get a condensed ledger of all transactions along with the endorsement of the sampled nodes when a portion of the network is sampled to receive, verify, and endorse the transactions in a block.
Buying Instruction on MEXC Global
Looking for a way to buy XX? You can purchase XX on MEXC following the steps:
Log in to your MEXC account and click [Trade]. Click on [Spot].
Search “XX” using the search bar to see the available trading pairs. Take XX/USDT as an example.
Scroll down and go to the [Spot] box. Enter the amount of XX you want to buy. You can choose from opening a Limit order, a Market order or a Stop-limit order. Take Market order as an example. Click [Buy XX] to confirm your order. You will find the purchased XX in your Spot Wallet.
