The startup has developed a blockchain platform that enables secure messaging and payment transactions while ensuring user privacy and digital sovereignty. By utilizing decentralized ledger technology, it allows users to conduct transactions with speed and scale, addressing the need for secure communication in an increasingly digital world.
Funding
$5.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Current blockchain and messaging platforms often lack adequate privacy measures, exposing sensitive user metadata like IP addresses and communication patterns to potential surveillance and security breaches. Existing solutions often fall short in protecting user data from advanced quantum computing threats.
Solution
The xx network provides a quantum-resistant, decentralized mixnet and blockchain platform designed to ensure secure and private communication and transactions. Its core technology, cMixx, shreds metadata by mixing user data in anonymity sets and processing them through a team of randomly selected nodes, making it impossible to track interaction patterns or identify users. The xx network's blockchain utilizes a nominated proof-of-stake (NPoS) protocol and xxBFT consensus mechanism, offering a sustainable and equitable governance model while providing quantum-resistant security. This approach enables digital sovereignty by putting users in control of their messaging and payments infrastructure.
Target Audience
The primary target audience includes individuals and organizations seeking secure, private, and scalable communication and transaction solutions, as well as developers building privacy-focused decentralized applications (dApps).
Features
- cMixx metadata shredding technology that obscures information typically revealed during online interactions
- Quantum-resistant cryptography to safeguard data against future quantum computing threats
- Decentralized global node network with independently operated nodes
- Nominated Proof of Stake (NPoS) protocol for sustainable and equitable blockchain governance
- xxBFT consensus algorithm that achieves linear scalability
- Compact signatures for efficient endorsement of blocks
- xxMPC (multiparty computation) for secure and private data validation
- xxDK (xx development kit) to develop privacy-preserving dApps