Tixl

Tixl MTXLT

$188.78
Market Cap $ 8.808 MM (#512)
24h Volume $ 18.175 K
Chg. 24h: -1.37%
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Tixl project purpose and description

Tixl clarity of purpose

Tixl purpose and aspects

n/a

Tixl categories

PrivacyCyber security

Short description

Tixl is a new digital asset that allows private, instant and zero-fee transactions.

Abstract

None of the popular digital assets allow private, instant and zero-fee transactions at the same time. But why is that a problem? In a world headed more towards digital currencies, we must secure and preserve the essential properties of traditional money. No one wants the public to be able to look into their monetary transactions, whether they are governments, companies or private people. In addition, all users of a digital asset want to pay the lowest fees possible - the higher the fee, the lower the potential for widespread adoption. Last, but not least, if a future digital asset is slow in terms of transaction speed, it’s not a future digital asset. Tixl uses the most sophisticated technologies to have emerged from the blockchain world over recent years. It uses a Directed Acyclic Graph (DAG) data structure together with the Stellar Consensus Protocol (SCP) to support fast transactions. Tixl also uses Zeroknowledge proofs with a commitment scheme to enable confidential transactions (hiding transaction amounts). To protect transaction senders and receivers, Tixl uses stealth addresses and coin shuffling. Also, to ensure that transactions stay private in the future, quantum secure or upgradable cryptosystems are implemented to encrypt transaction details.

Link to Roadmap: https://github.com/tixl/tixl-roadmap
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