BitMart, a premier global digital asset trading platform, will list Xiden on June 16, 2022. For all BitMart users, the XDEN/USDT trading pair will be officially available for trading at 05:00 AM EDT.
What is Xiden?
The Internet is a global network that connects users worldwide via smart devices, regardless of their geographical location, in order to facilitate the exchange of information. In an industry currently controlled by monopolies, they emphasize the free exchange of information between users and they aim to give any desiring human the opportunity to transmit any type of information while controlling both their own connection points and the integration process into the Global Internet Network.
The solution gives people secure internet access and connectivity. Furthermore, it empowers them to control the process through their smart devices, as mentioned, regardless of their location.
The Xiden network combines technologies such as the Internet of Things with blockchain to develop a protocol that allows smart devices to perform tasks automatically and autonomously, thus ensuring high-speed data and operational procedures validation.
Xiden aims to become an open-source system that will provide users with the opportunity to have a secure, restrictionless, and permanent internet connection regardless of their location or device through its MinteR Guardian device.
Xiden uses existing Polygon modules that allow communication with multiple blockchain networks and comply with the ERC 20 and ERC 721 standards. This allows the initiation of data transfer between blockchains using Bridge solutions. Xiden is a blockchain with a hybrid architecture, as Xiden’s Core is Ethereum and uses Polygon Edge’s Proof of Stake architecture, over which they have integrated the PoE and PoC improved Consensus Layer.
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Xiden blockchain is a new layer of internet consisting of multiple decentralized networks. Through these decentralized networks, smart devices can be integrated into the Xiden blockchain and can distribute their resources, which will then be managed by the blockchain. As a result, all Xiden users will benefit from all the advantages offered by the system, such as privacy, security, and connectivity, as well as all the resources available on the network. Users with integrated devices get rewards in the Xiden’s native asset – XDEN.
Xiden is a Polygon Edge fork in which a new consensus algorithm and extended utility layers have been implemented. Polygon Edge architecture was chosen because it is a modular and extensible solution based on a development framework compatible with Ethereum blockchain network, sidechains and general scaling solutions.
The Xiden blockchain layer is combined with the utility module consisting of the Spectralis Network layer and the SDR layer. Thus Xiden is a new approach to the Eth solution using Polygon Edge as an intermediate layer.To learn more about Xiden, please visit their Website, follow their Twitter and join their Telegram.
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