What Are Xaya and CHI?

Xaya is a language and blockchain agnostic platform for creating fully decentralized, permissionless, trustless, and serverless games and dapps. CHI is the native currency of the Xaya blockchain. 

Xaya solves scalability issues for blockchains for both performance and computational complexity for games/dapps. 

Xaya is a custom blockchain code-forked from Bitcoin and Namecoin. It uses the blockchain as a base data store similar to as is done in Namecoin. Using this base data, it ensures cryptographic security for games/dapps. 

Xaya’s Game Channel technology enables numerous computationally highly complex, real-time Massively Multiplayer Online games (MMOs) and dapps. 


How Does Xaya (CHI) Work? 

Xaya uses the blockchain as a base data store for cryptographic security but decouples state computation away from the blockchain using Game State Processors (GSPs). 

GSPs are similar to smart contracts on Ethereum. However, since computation is decoupled, they can be arbitrarily complex.

GSPs that implement 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 costing any fees, except those 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, and make use of their consensus mechanisms as well. Wrapped CHI can be used as the currency in those games.


Can You Mine CHI?

CHI can be mined using SHA-256d or a Neoscrypt variant with 25% of block rewards going to SHA-256d miners and 75% of block rewards going to Neoscrypt miners. This provides a balance of 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 has 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 is when they are sent to a provably unspendable output. An example of this is in Xaya’s Taurion game where 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. 

Colosimo was a major contributor to Namecoin development in 2013. He is also the creator of the world’s first blockchain game, Huntercoin.

Kraft is a mathematician and former engineer at Google. He is the primary blockchain developer for Namecoin and Xaya. He also regularly contributes to the Bitcoin Core code on GitHub. 


What Makes Xaya Unique? 

Scalability is a main concern for most blockchain systems.  This is amplified if complex computations and storage are required, e.g. when building complicated on-chain logic in smart-contract systems like Ethereum.

To solve scalability, Xaya implements a two-thronged approach:  The basic design with game-state processors separated from the core blockchain allows to "shard off" computations for individual applications from the core network, similar to how rollups work on Ethereum (except by design much simpler and cleaner).

For even greater boosts in scalability and reducing the cost of data availability on chain, Xaya also implements Game Channels, a peer reviewed technology that allows for unlimited transactions per second while reducing blockchain bloat.

Xaya is unique in that it enables fully decentralized, trustless, permissionless, and serverless games/daps 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 uses merge mined SHA-256d and a variant of Neoscrypt with 25% of block rewards going to SHA-256d miners and 75% of block rewards going to Xaya Neoscrypt miners.

Merged mining SHA-256d allows Bitcoin (and other SHA-256d miners) to mine CHI essentially for free. The massive hashing work done there makes CHI highly secure.  If an attacker were to obtain 100% of the Neoscrypt hashing power, he would still not be able to out-do 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. 


Xaya

Trust Wallet

MetaMask

Binance Chain Wallet

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Dfyn Network

Rainicorn

Meme Ai

NerveNetwork

BOLT

ParagonsDAO

CheckDot

Mysterium

Unix Gaming

Efforce

Digital Asset Rights Token

Patex

MetaGaming Guild

Kabosu Inu

QANplatform

BOSagora

GameCredits

RFOX

Aavegotchi (GHST) is the governance token of the Aavegotchi NFT Gaming protocol. GHST token holders receive voting power in the AavegotchiDAO, which oversees all aspects of the protocol, Aavegotchi’s flagship game the Gotchiverse, and Aavegotchi NFTs.

Aavegotchis themselves are pixelated ghosts backed by the ERC-721 token standard. The Aavegotchi NFTs have dynamic metadata that changes over time through user interaction.

An Aavegotchi’s value and rarity is determined by its collateral stake, traits and wearables.

Collateral stake is based on the innovative ERC721 Aavegotchi NFT that manages an escrow contract holding Aave-backed ERC20 collateral or "aToken," which generates yield via Aave's LendingPool. Traits are based on random traits upon birth, kinship and experience (XP).

The protocol is called Aavegotchi as a nod to Aave, which translates to “ghost” in Finnish, and is powered by the Aave protocol, one of the leading lending protocol in DeFi. The token ticker also cleverly spells out “ghost,” minus the vowel.

Aavegotchi

Splinterlands is a digital, collectible card game based on blockchain technology and inspired by games like Magic the Gathering and Hearthstone, where players build a collection of cards with different attributes and battle other players in skills-based matches. It is a game where players can buy, sell and trade their digital assets just as they would with physical trading cards games such as Magic the Gathering, Pokémon and Yu-Gi-Oh!

Splinterlands was created as players lost the ability to truly own their assets (or trading cards) once games went digital. With blockchain technology, it allows players to own and trade their digital assets freely once again. It also allows the game to have true scarcity and transparency, which means all cards on Splinterlands have a verifiable supply and historical record.

Players battle other players by choosing ranked or practice battles. With ranked battles, players can increase their rating. There is no downside to playing ranked battles as a beginner since players with a rating below 100 do not lose ranking points. Battles take place between players of similar strength. When matched up with an opponent, both players choose a set of six monster cards and one summoner card for the battle to destroy all their opponent’s monster cards and win the battle.

Although the game is free-to-play, players need to purchase the summoner’s spellbook for $10 if they want to unlock the game in full. With the summoner’s spellbook, players get access to their account keys and unlock the ability to earn Dark Energy Crystals, which can be redeemed for real currency.

Splinterlands started in May 2018 and launched Splintershards (SPS) – its governance token for the SPS decentralized autonomous organization (DAO) at the end of July 2021. It concluded a $3.6M private token sale for 6.6% of the SPS token supply. After reaching 100,000 players in its first three years, it added another 50,000 in just over a month from June 2021. Splinterland plans to build out its game in the latter half of 2021, with oracle integration planned for Q1 2022.

Splintershards

xDai is a cryptocurrency that is pegged to the US dollar. The xDai chain is a stable payment blockchain that is designed for fast and inexpensive transactions. STAKE is secured by proof-of-stake consensus. xDai was founded on Oct. 1, 2018.

STAKE is a multi-chain staking token that is designed to secure the payment layer. Staking allows validators and delegators to provide transaction consensus and receive staking incentives for block production. It is only required for consensus providers, not everyday on-chain transactions.

xDai was created by the POA Network, an open-source public side-chain of Ethereum founded in April 2017. It offers a framework for smart contracts which provides developers with an easy and effective way to code on Ethereum, while also leveraging the POA Network capabilities.

STAKE

Aurory is a next-generation studio building a universe of interoperable web3 games. Two original IP’s were born from this universe, which are actively shaping the future of the Aurory player experience.

The first of these two IP’s are Aurorians. A collection of 10,000 anime style NFT characters that double as both a PFP, as well as a playable avatar with various in-game perks.

The second are Nefties. These magical creatures have been designed as non-fungible tokens NFTs with a unique set of stats that influence their performance in-game. They serve as companions on each player’s journey, and can be hatched, traded, collected, and used in battles.

Aurory currently hosts two playable games (both in alpha) which continue to evolve in a live-ops development format:

Seekers of Tokane: A JRPG, where players embark on a dangerous rogue-like adventure through the world of Tokane, collecting and battling fierce Nefties in epic turn-based combat.

Aurory Tactics: A PvP timeline-based battling game where players must learn how to best use their Neftie creature's abilities, competing against opponents to rise to the top of the leaderboard for rewards and glory.

The project proudly boasts one of the most experienced executive and development suites in blockchain gaming, with dozens of talents from established gaming studios, such as Ubisoft, Electronic Arts, Rovio, Warner Bros, and more.

Aurory

Efinity is a cross-chain NFT platform developed by Enjin and built on Polkadot. Efinity was created as the next generation blockchain for digital assets with the aim of adapting to the challenges of the world of non-fungible tokens (NFTs), according to the project.

The main specialization of the Efinity project is the NFT space. With the protocol, traders and gamers can create, distribute, transfer, sell and buy NFTs. Efinity aims to remove barriers to entry into the NFT space/decentralized gaming, and to simplify user experience and digital asset governance.

Efinity Token powers the entire Efinity ecosystem, EFI aims to prioritize the generation, transfer and purchase of tokens using an inter-chain infrastructure of protocols resulting in lower transaction fees. As for incentives, rewards on PoW blockchains with NFT functionality go to miners who create/trade tokens, thereby forming a community.

One of the long-term goals of Efinity is to become a hub for both fungible and non-fungible tokens, accepting tokens from any other chain, facilitating the pricing and exchange of NFTs, increasing transaction volume, and creating network effects.

In December 2021, the project won the Polkadot parachain auction, and in March 2022, Enjin launched their flagship parachain Efinity on the Polkadot Relay Chain — a blockchain platform that provides a decentralized parachain network where people havecontrol over their data and identity.

Efinity Token

Dvision Network

Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra promises a solution that is more equitable to players and developers alike. Players can benefit from immediately playable games, earn UOS by using the platform, and access platform-exclusive games. At the same time, developers benefit from access to more effective marketing tools and the potential for 20% higher sales revenue.

Besides content and game publishing, Ultra offers a demand-side and service-side platform for advertisers, the opportunity for players to resell their used games, and a platform-exclusive app.

Ultra

Validity

Chromia is a modular, relational blockchain platform that aims to make it easy for people to build decentralized applications (DApps). It was founded by ChromaWay, a company that has been working on blockchain solutions since 2014 for various sectors such as finance, real estate, gaming and public services. ChromaWay is also known for creating colored coins, which are user-defined assets on a blockchain that can represent anything from currencies to stocks to collectibles.

Chromia’s vision is to enable a new generation of DApps that can scale beyond what is currently possible and address real-world problems in various domains such as gaming, social media, finance, healthcare, education, governance, and more.

Some examples of DApps on Chromia include: My Neighbor Alice (ALICE), a multiplayer blockchain game; LAC PropertyChain, a land registry system; Green Assets Wallet, a platform for green bond verification; Hedget (HGET),  a decentralized options protocol; Corite (CO), a music streaming service; Chain of Alliance (COA), a strategy game; Vault12, a digital asset custody solution; Domenation, a blockchain gaming project.

Chromia

KardiaChain is a blockchain platform that aims to be fully interoperable and "non-invasive," meaning that blockchains can connect to the network without needing to make technical modifications to their own protocols. KardiaChain uses a dual-node structure to facilitate the connection between its own ledger and other blockchains, sharding for scalability and smart contracts for developers.

The platform relies on a native token, KAI, which is used for staking, transaction fees, participating in services and deploying smart contracts.

KardiaChain was first announced in October 2018, and its mainnet went live in December 2020.

KardiaChain

Ethernity is a blockchain-based platform that allows users to take advantage of the increasing popularity of non-fungible tokens (NFTs). The developers position it as a decentralized finance (DeFi) crossover project with authenticated NFTs. In the Ethernity ecosystem, all NFTs can be bought and sold on-chain.

To learn more about this project, check out our deep dive of Ethernity.

Ethernity was funded on the Polkastarter platform, where its crowd sale took place on March 8, 2021. The project tries to create favorable conditions for all active members of the community to boost the value of its ERN token.

Prior to launching ERN, Ethernity underwent a round of strategic investments backed by Black Edge Capital, Morningstar Ventures, Spark Digital Capital, Woodstock and Genesis Block Ventures.

Ethernity

Opacity is a cloud storage provider with one major difference, privacy.

With the rise of digital property, many people have increasingly become concerned with the security and privacy of materials stored with cloud storage companies such as Dropbox, Google, and others. Small businesses, individuals, and enterprises want to keep their data private.

Opacity protects people’s basic rights and provides private cloud storage to anyone through its Opacity token, OPCT. The token can be purchased on a crypto exchange and then used to purchase data storage plans that are completely private, and can only be accessed by the purchaser with the private key.

Unlike other service providers, Opacity does not require personal identification information. Opacity stores no information on its users, and allows people to store private information, such as company secrets, intellectual property, personal photographs, legal documents, and family moments, with assurance that personal data stays personal.

Access to private storage and file sharing enables a new way to protect your important files. Storing and sharing files has limitless potential, covering a wide variety of areas:

Photos

Videos

Music

Banking documents

Legal documents

File sharing with coworkers

Enterprise cold storage

Files can be shared privately or publicly, you decide!

Opacity

WAX (WAXP) is a purpose-built blockchain, released in 2017, that is designed to make e-commerce transactions faster, simpler and safer for every party involved. The WAX blockchain uses delegated proof-of-stake (DPoS) as its consensus mechanism. It is fully compatible with EOS.

The custom features and the incentive mechanisms developed by WAX are intended to optimize the blockchain’s utility specifically for use in e-commerce, with the goal of encouraging voting on proposals.

To make this possible, WAX created a suite of blockchain-based tools which decentralized application (DApp) marketplaces and non-fungible tokens can be built upon.

Services such as WAX Cloud Wallet, SSO and OAUTH support e-commerce operations, the latter being a native RNG service and a developer portal. WAX’s blockchain architecture supports 500-millisecond block time and zero-fee transactions for customers. It also makes use of voting rewards to incentivize participation in the selection of block producers and improvement proposals.

Abyss

Wilder World

SORA is about creating a supranational economic system that can efficiently provide capital to producers, thus pushing humanity forward, as well as a supranational and democratic governance structure to allocate capital in a fair way. It is both a new economic system that decentralizes the concept of a central bank as well as a network that implements a new way to architect a parachain blockchain that connects to the Polkadot relay chain and ecosystem with built-in tools focused on DeFi.

The SORA Network excels at providing tools for decentralized applications that use digital assets, such as atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules involving digital assets.

SORA XOR is the native utility token that is:

Used for transaction fees (gas) on the SORA substrate network

Elastic supply, managed by atoken bonding curve

Enables holders of a certain amount to become a citizen and member of theSORA Parliament

Used to add liquidity to pairs onPolkaswap

Used to stake to become a validator or tonominate validators on the SORA Network

More aboutSORA tokenomics