XELIS

Built on a novel BlockDAG architecture, XELIS is a pioneering cryptocurrency that tackles the quadrilemma of privacy, security, scalability, and decentralization. By introducing a fourth pillar of privacy, XELIS aims to provide users with a secure and private transaction experience. This innovative approach enables users to send and receive transactions without revealing sensitive information.

The core technology behind XELIS is its BlockDAG structure, which allows for multiple blocks at the same height, improving scalability and security. Homomorphic Encryption and Zero-Knowledge Proofs are also integrated to provide an additional layer of privacy. The network's consensus mechanism uses a Kalman Filter to quickly converge network hashrate and filter misleading fluctuations. XELIS Hash is a new CPU/GPU-friendly algorithm designed to be resistant to FPGAs and ASICs.

XELIS offers a range of features that make it an attractive option for users and developers alike. Confidential Assets allow users to create their own native tokens, fully compatible with all services on the network. The Client Protocol enables the acceptance of same transactions in multiple blocks without double spending. Additionally, P2P Encrypted Network provides better privacy by preventing any network traffic analysis. Wallet & Tools include a desktop and mobile wallet with features such as XSWD, Integrated Address, Encrypted Storage, MultiSig, and more.

The XELIS community is actively engaged in the development of the project, with a strong focus on decentralization and community-driven decision-making. The project's funding model includes a decreasing dev fee curve, starting at 10% on block reward, which will be halved to 5% once the project is stable on major facets of the ecosystem. This approach ensures that funds are used exclusively for network development expenses, providing a strong early ecosystem and guaranteeing a constant stream of capital for growth.

As XELIS continues to evolve, its roadmap includes the implementation of Smart Contracts using its own Virtual Machine, XVM. The project's mainnet was launched on April 20, 2024, at 3PM UTC, marking an important milestone in its development. With a strong focus on scalability, security, and decentralization, XELIS is poised to become a leading player in the cryptocurrency space.