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What Are Xaya and CHI?

Xaya is a platform for creating decentralized games and dapps. CHI is the native currency of the Xaya blockchain.

Xaya solves scalability issues for games and dapps by using a custom blockchain code-forked from Bitcoin and Namecoin. It ensures cryptographic security and enables real-time Massively Multiplayer Online games (MMOs) and dapps.

How Does Xaya (CHI) Work?

Xaya uses Game State Processors (GSPs) to decouple state computation from the blockchain. GSPs can be complex and provide real-time gameplay without bloating the core blockchain.

GSPs can be developed and run on other platforms such as Ethereum, side chains, and others, and make use of their consensus mechanisms. 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. Block rewards are distributed between SHA-256d and Neoscrypt miners.

What Is a CHI Burn?

A CHI burn is when coins are sent to an unspendable output. In Xaya's Taurion game, burning CHI is required to purchase in-game currency.

Who Are the Founders of Xaya?

The founders of Xaya are Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth.

What Makes Xaya Unique?

Xaya enables fully decentralized, trustless, permissionless, and serverless games/dapps. It implements game-state processors and game channels for scalability and incorporates assets from other blockchains.

How Is the Xaya CHI Network Secured?

Xaya uses a triple-purpose mining technique with merge mined SHA-256d and Neoscrypt. This increases security and facilitates broader distribution of CHI coins.

Issue Time
1970/01/01
Initial Price
US $ 0.00634774
Circulation/Max
53.59M/77.30M
Dominance
0.00%
ROI+ 134.97%
$0.00634774$2.23064908
Low · 2021/01/162021/01/16 · High

Information

What is the description of the coin?

XAYA is an open source project maintained by Autonomous Worlds Ltd. The history of XAYA starts back when team members became involved in the Namecoin project in 2011, and became voluntary leads in the project in 2013. Later on, the team would fork Namecoin and build the worlds first blockchain game, Huntercoin. Released in February 2014 as an experimental 1-year project, Huntercoin was met with great enthusiasm and is still running today. Huntercoin is a fully decentralized autonomous game world. Several research papers have been written on the topic of decentralized blockchain games by the team. In October 2016, the founders started the Chimaera project, which was rebranded in early 2018 as XAYA. In Q2 2018, the XAYA blockchain went live and its first MVP game launched, Treat Fighter by Tricky Fast studios. In 2020, the team is aiming to release the worlds most complex blockchain game, Taurion.

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