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Data Transaction Token (XD) is the native digital asset of the Scroll Project, a series of distributed ledgers that define different use-cases catering to data privacy and authority. It aims to facilitate efficient data transactions and the implementation of the transactions’ permanent records on the public blockchain.
The Scroll Project was established in 2017, originally starting as a peer to peer file-sharing application that sought to eliminate the risk of individual user data leaks and eventually grew into a software suite built around Distributed Ledger Technologies.
The digital asset, Data Transaction Token, is used to initiate private data transactions by users onto the public Ethereum Blockchain, rendering each transaction immutable.