What is xx network (XX)? Quick Overview

xx network (XX) is a layer-1 blockchain launched in 2021 that powers the xx network ecosystem. At its core, xx network was designed to address the problem of privacy and information security in the blockchain and decentralized communications space. Unlike traditional blockchains that often expose user metadata and transaction details, xx network leverages quantum-resistant cryptography and a unique mixnet protocol to create a more secure and private system for users, developers, and enterprises. This approach aims to ensure that both messages and transactions remain confidential, even in the face of future quantum computing threats.

The Beginning: How xx network (XX) Started

xx network was conceived in 2018 by David Chaum, a renowned cryptographer and pioneer in digital privacy, best known for inventing digital cash and founding DigiCash. Chaum identified the urgent need for a blockchain that could withstand both current and future privacy threats, especially those posed by quantum computers. After publishing the foundational whitepaper titled "xx network: Quantum-Resistant Blockchain and Privacy-First Communications," Chaum assembled a team including William Carter (former Google engineer) and Benjamin Wenger (cryptography expert). Together, they overcame early challenges such as securing funding and developing quantum-resistant protocols through a combination of academic research and industry partnerships. Their solution addresses the industry's pain point of metadata leakage by integrating xx network's mixnet technology and quantum-secure encryption at the protocol level.

Timeline: xx network (XX)'s Major Milestones

  • 2018: Conceptualization and whitepaper publication by David Chaum for the xx network (XX).
  • 2019: Launch of the xx network testnet, attracting a global community of node operators and privacy advocates.
  • 2020: Successful private funding round raising capital from privacy-focused investors and technology funds for xx network.
  • 2021: Mainnet launch, introducing the first quantum-resistant, privacy-centric layer-1 blockchain - xx network (XX).
  • 2022: Integration of the xx messenger, enabling end-to-end encrypted, metadata-shredded communications on the xx network.
  • 2023: Strategic partnerships with privacy research institutions and the rollout of protocol upgrades for xx network scalability.
  • 2024: Listing on MEXC, providing global access to XX tokens and expanding the xx network user base.

Following its listing on MEXC, xx network (XX) achieved notable trading volume and community growth, confirming market confidence in its vision to transform secure digital communications.

Tech Evolution: How xx network (XX) Keeps Improving

xx network's technology has evolved from its initial proprietary layer-1 architecture focused on quantum resistance and privacy to a robust, scalable blockchain supporting decentralized applications. The original xx network protocol implemented a mixnet to obfuscate metadata and quantum-secure cryptography to future-proof user privacy. Key upgrades include the "Scalability Boost" update in 2022, which improved transaction throughput on the xx network, and the "Quantum Shield" upgrade in 2023, enhancing cryptographic resilience. The team has integrated zero-knowledge proofs to enable private smart contracts, while partnerships with leading cryptography labs have accelerated the development of advanced privacy features. These innovations cement xx network (XX)'s position as a technical leader in the privacy and secure communications niche.

What's Next? xx network (XX)'s Future Plans

Looking ahead, xx network is focused on mainstream adoption and ecosystem expansion in the privacy-centric blockchain landscape. The upcoming "xx 2.0" update, planned for Q4 2025, will introduce cross-chain interoperability and enhanced developer tools for the xx network. Integration with decentralized identity solutions will enable new privacy-preserving applications. The team envisions expanding the xx network into the enterprise secure communications market, representing a multi-billion-dollar opportunity. Long-term, xx network (XX) aims to become the global standard for quantum-secure, privacy-first blockchain infrastructure, guided by principles of decentralization, security, and user empowerment.

Ready to Trade xx network (XX)? Start Here with MEXC

From its origins addressing privacy and quantum security to becoming a pioneer in secure blockchain communications, xx network's evolution showcases the innovative vision of its founders. To start trading xx network (XX) with confidence, check out our 'xx network Trading Complete Guide' for essential fundamentals, step-by-step processes, and risk management strategies. Ready to put your knowledge into action? Explore our comprehensive guide now and begin your xx network (XX) learning journey on MEXC's secure trading platform.

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Latest Updates on xx network

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Yearn Finance votes on new proposal to allocate future revenue to stYFI holders

Yearn Finance votes on new proposal to allocate future revenue to stYFI holders

Yearn Finance, a leading DeFi yield aggregator protocol, is in the early stages of a major governance overhaul proposal, YIP-XX. The proposal was introduced by pseudonymous contributor 0xPickles on September 28, 2025, in a bid to align stakeholders and encourage growth.  YFI does not enjoy the same clout it used back in its heyday when it was one of the biggest DeFi protocols with an all-time high of just under $7 billion in deposits as of December 2021.  However, this three-part initiative is expected to help the protocol find its way back to that greatness. It is touted not just as a way to make profitability a priority but also to promote accountability, and directly reward token holders who have stayed through declining participation and a TVL that’s down more than 90% from its all-time high. Yearn Finance votes on a new proposal  Among the proposed changes, the most notable change is that a majority of all the revenue the protocol generates could soon go directly to those with skin in the game, as they have kept their YFI tokens locked despite the dwindling performance. “This proposal creates a new deal,” 0xPickles wrote. “90% of future revenue goes to stYFI holders, empowering them.” That is not a huge amount of money right now, considering Yearn’s monthly revenue from August turned in under $200,000 in profit, per DefiLlama data. Still, the focus on profitability and increasing accountability is expected to put the protocol on a sustainable growth path that will, over time, increase revenues and make the YFI token more valuable. The proposal comes as DeFi is enjoying a wave of new liquidity, which has pushed deposits to record heights this year. For Yearn, which was once one of the biggest DeFi protocols with an all-time high of just under $7 billion in deposits in December 2021, the liquidity provides an opportunity to reclaim the success of the past. Of course, this is assuming things unfold in the best-case scenario, but that is not certain because it is not the first time Yearn has attempted an overhaul in recent years. In October 2023, a new vote introduced an escrow token model, like those used by protocols such as Curve Finance, Balancer, and Velodrome, however, even though there was support from YFI token holders, the new model wasn’t widely adopted. “Only 3.8% of the YFI supply is locked, a figure that is in decline,” 0xPickles pointed out. “This demonstrates a fundamental lack of interest in the model.” The new simpler model suggested by 0xPickles 0xPickles’ proposal will scrap the vote escrow model in favour of a simpler staking model. Under the new model, YFI holders will be able to lock up their tokens via staking, which would qualify them to receive a portion of the protocol’s revenue. Another proposal suggests restructuring the DAO to make it more profit-oriented while mandating on-chain financial reporting to justify budget requests from contributors. As for what is prompting these changes, the proposal’s author cited organizational misalignment and coordination inefficiency as two cogent reasons. There is also a final proposal to formalize a plan to distribute 1,700 YFI tokens through strategic contributor incentives, establish a capped performance bonus program, and create a long-term contributor retention pool. The three proposals are currently being discussed on the Yearn governance forum ahead of a vote. It is being touted as an “all-or-nothing” package because the proposals form a single initiative, which means that for it to take effect, it has to pass in full via a DAO vote. Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.
2025/09/30
Ferrari sets long-term revenue expectations a little higher than usual

Ferrari sets long-term revenue expectations a little higher than usual

European auto giant Ferrari has reported its Q3 earnings on Tuesday, showing that it earned €670 million ($769.2 million), beating the €649 million ($745 million) that was forecasted before, while core earnings increased 5% from a year earlier. In the earnings report, Ferrari said its performance was driven by higher pricing in the SF90 XX and 12Cilindri families, along with costly personal customization requests added by buyers. Shipments were 3,401 units, a 0.5% increase. These pricing gains helped offset higher U.S. import tariffs. Shares traded in Milan rose as much as 2.9% after the results and were 1.2% higher by early afternoon. Analysts at Jefferies noted that average selling prices rose 5.1%, even with slower deliveries of the Daytona SP3 model. They pointed to expected first shipments of the F80 starting this quarter. In their comment, they wrote, “Progress on average selling price will be a clear area of focus.” Ferrari sets long-term revenue expectations a little higher than usual The company confirmed its 2025 guidance. It expects at least €7.1 billion in net revenue next year and adjusted EBITDA of at least €2.72 billion. This follows a minor revision during its business plan presentation last month. Before the rebound, the company had seen its shares fall nearly 20% since October 9, following investor disappointment in long-term targets seen as conservative. Ferrari, which maintains a €66 billion market capitalization, said it sees 2030 net revenue reaching around €9 billion and adjusted EBITDA reaching at least €3.6 billion. During the same capital markets day, the company revealed technology intended for its first fully electric model named Elettrica, reportedly set for a global premiere next year. Benedetto Vigna, the company’s chief executive officer, said, “On the product front, we continue to provide our clients with maximum freedom of choice in terms of powertrain.” After being introduced, he is referred to as Benedetto. Ferrari’s Q3 EBITDA of €670 million represented an EBITDA margin of 37.9%. Operating profit (EBIT) came in at €503 million, up by 7.6%, for an EBIT margin of 28.4%. The mix and price impact added €25 million, supported by the SF90 XX and 12Cilindri product families and higher personalization revenue, partly offset by lower Daytona SP3 deliveries and U.S. tariffs. Industrial costs and research and development expenses decreased by €12 million, reflecting lower industrial costs and depreciation, partly offset by higher development spending tied to racing. SG&A rose €23 million, linked to racing and brand investments. Other contributions added €32 million, mainly from racing and lifestyle activities. Net financial charges were €13 million, compared with €1 million a year earlier. The company cited foreign exchange effects and lower interest earned on its cash, partly offset by lower borrowing costs. The effective tax rate for the quarter was 22%, reflecting benefits from the Patent Box and incentives for qualifying research and development spending and investments. Net profit for the quarter was €382 million, up 1.8% from last year. Diluted earnings per share reached €2.14, compared with €2.08 in Q3 2024. Industrial free cash flow was €365 million, supported by higher EBITDA. Capital expenditures totaled €230 million, and changes in working capital and provisions resulted in €55 million in outflows. Net industrial debt was €116 million as of September 30, 2025, compared to €338 million at the end of June. The change also reflects €132 million in share repurchases. Total available liquidity at the end of the quarter stood at €1.968 billion, compared to €2.068 billion at the end of June, which included €550 million in undrawn committed credit lines. Sharpen your strategy with mentorship + daily ideas - 30 days free access to our trading program
2025/11/04
XRP Prints Massive 122,680% Liquidation Imbalance as Bears Vanish

XRP Prints Massive 122,680% Liquidation Imbalance as Bears Vanish

The XRP derivatives market has just produced a statistical anomaly that has left traders and analysts in awe. According to the latest data from CoinGlass, the popular
2025/12/18
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