Imagine a world where games and dapps are not just decentralized but completely serverless, permissionless, and trustless. Enter Xaya, the groundbreaking platform that's turning this vision into reality. Built on a blockchain agnostic framework, Xaya provides a robust solution for creating fully decentralized games and applications with unparalleled scalability and security. At the core of Xaya is its native currency, CHI, which powers transactions and complex game logic without burdening the main blockchain. With features like Game Channels allowing for real-time, trustless gameplay, Xaya offers a revolutionary approach to blockchain gaming. Read on to discover how Xaya is setting new standards and what makes it unique in the blockchain landscape.
What Are Xaya and CHI?
Xaya is a language and blockchain agnostic platform designed for creating fully decentralized, permissionless, trustless, and serverless games and dapps. CHI is the native currency of the Xaya blockchain, playing a crucial role in the ecosystem. Xaya addresses scalability issues for blockchains, particularly concerning performance and computational complexity for games and dapps.
Xaya is a custom blockchain, code-forked from Bitcoin and Namecoin. It uses the blockchain as a base data store, similar to Namecoin, ensuring cryptographic security for games and dapps. Xaya’s Game Channel technology enables numerous computationally complex, real-time Massively Multiplayer Online games (MMOs) and dapps.
How Does Xaya (CHI) Work?
Xaya leverages the blockchain as a base data store for cryptographic security but decouples state computation from the blockchain using Game State Processors (GSPs). GSPs are akin to smart contracts on Ethereum but can be arbitrarily complex due to the decoupling of computation.
GSPs implementing Xaya Game Channels can provide real-time, trustless gameplay without bloating the core blockchain. An unlimited number of channels can run in parallel, and each channel can have an unlimited amount of moves (transactions) between them without incurring fees, except for opening and closing the channel.
Due to Xaya’s blockchain agnostic approach, GSPs can be developed and run on other platforms such as Ethereum, side chains, and others, utilizing their consensus mechanisms as well. Wrapped CHI can be used as the currency in those games.
Can You Mine CHI?
Yes, CHI can be mined using SHA-256d or a Neoscrypt variant, with 25% of block rewards going to SHA-256d miners and 75% to Neoscrypt miners. This balance ensures high security through SHA-256d and broad distribution through Neoscrypt.
Xaya SHA-256d is merge mined with Bitcoin (or any other SHA-256d coin) and benefits from a significant percentage of Bitcoin’s hashing power. Xaya’s Neoscrypt is mined with GPUs, either solo or in pools.
What Is a CHI Burn?
Burning coins involves sending them to a provably unspendable output. For example, in Xaya’s Taurion game, the in-game currency (cubits) can only be purchased through burning CHI.
Who Are the Founders of Xaya?
The Xaya founders are Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth.
- Andrew Colosimo: A major contributor to Namecoin development in 2013 and the creator of the world’s first blockchain game, Huntercoin.
- Daniel Kraft: A mathematician and former engineer at Google, the primary blockchain developer for Namecoin and Xaya, and a regular contributor to the Bitcoin Core code on GitHub.
What Makes Xaya Unique?
Scalability is a primary concern for most blockchain systems, especially when complex computations and storage are required, such as building complicated on-chain logic in smart-contract systems like Ethereum.
To address scalability, Xaya implements a two-pronged approach: separating game-state processors from the core blockchain to "shard off" computations for individual applications, similar to Ethereum rollups but simpler and cleaner by design. Additionally, Xaya’s Game Channels technology allows for unlimited transactions per second while reducing blockchain bloat.
Xaya is unique in enabling fully decentralized, trustless, permissionless, and serverless games/dapps in a programming language and blockchain agnostic manner. Assets on other blockchains can easily be incorporated into a Xaya GSP.
The Xaya team pioneered the world’s first blockchain game in 2013, Huntercoin, and have extended the concept into a full platform where games take on true blockchain characteristics:
- Decentralized
- Permissionless
- Trustless
- Serverless
- Transparent
- Irreversible and immutable
- Secure
- Anonymous/pseudo-anonymous
- Limited and scarce
- Provably fair
- Fraud-proof and uncheatable
How Is the Xaya CHI Network Secured?
Xaya uses a triple-purpose mining technique that employs merge mined SHA-256d and a variant of Neoscrypt, with 25% of block rewards going to SHA-256d miners and 75% to Xaya Neoscrypt miners.
Merged mining SHA-256d allows Bitcoin (and other SHA-256d miners) to mine CHI essentially for free, making CHI highly secure due to the massive hashing work involved. Even if an attacker were to obtain 100% of the Neoscrypt hashing power, they would still not be able to outdo the work performed by SHA-256d miners.
Stand-alone mining with Neoscrypt facilitates broader distribution of CHI coins to the community. Xaya’s dual algorithm mining increases its resilience against stalling.
Tokenomics and Distribution Model
The Xaya crypto token, CHI, has a total supply of 100 million tokens. The distribution model includes allocations for the team, investors, community, and future development:
- Team and Founders: A portion of the total token supply is allocated to the founding team and advisors.
- Community: Tokens are distributed through airdrops, staking/yielding rewards, and other community-focused initiatives.
- Investors: Tokens are allocated to private and public sales, including launchpads and other funding rounds.
- Reserve: A portion is reserved for future development, partnerships, and strategic purposes.
Vesting Schedule
The team, advisors, and early backers' tokens are subject to a vesting schedule, with a cliff period followed by gradual release to ensure long-term commitment.
Inflation Control Mechanisms
Xaya employs token burning and staking rewards to control inflation. For instance, in-game currency purchases in Taurion require burning CHI, reducing the circulating supply.
The Team Behind Xaya
The Xaya team comprises experienced developers and blockchain experts, including:
- Andrew Colosimo: Founder and CEO, a major contributor to Namecoin and creator of Huntercoin.
- Daniel Kraft: CTO, a mathematician and former Google engineer, primary blockchain developer for Namecoin and Xaya.
- Konstantin Gorskov: Lead Game and Web Developer, with extensive experience in IT and game development.
- Sebastian de Gruiter: Business Development and Branding, with over 17 years of experience in
