Proton (XPR)
Last updated 03/10/2022
Official Website: https://www.proton.org/
Introduction to Proton (XPR)
The Proton (XPR) public blockchain platform was created utilizing a smart contract to provide peer-to-peer payments and consumer apps. With Proton, users can immediately link their real identities to their traditional currency accounts, make withdrawals, purchase cryptocurrencies, and utilize those cryptocurrencies in apps. Proton is designed around financial settlements and a secure identity layer. The platform is made for programs like gaming and social media, and it allows for the quick and easy transfer of traditional currency from one person to another. The goal of Proton is to make it as simple as possible for consumers to purchase, trade, and utilize cryptocurrencies anywhere.
XPR is a proof-of-stake token where token holders can stake and bond their tokens to vote for block producers. There is a 30-day un-staking period as a security measure, and each token has one vote. This one-month un-staking time is a safety precaution to evaluate the costs and reliability of block producers (BPs). The stakers avoid the problem of duplicate spending by voting for block producers on a one-vote, one-token basis. When using digital currency for transactions that require using the same currency more than once, this is known as double-spending.
Proton uses a blockchain to record transactions, with the primary purpose of keeping track of payments and interfacing with other parties. This process is carried out so that each user may have their identification confirmed by a recognized identity provider. Both plaintext (unencrypted) and encoded (encrypted) transaction data are included on the blockchain.
The Proton whitepaper claims that many app token wallets lack a secure regulatory framework for cryptocurrency trading. When someone obtains bitcoin in return for conventional cash (also known as on-ramp transactions) or traditional currency in exchange for cryptocurrency, the issue is much more obvious (also known as off-ramp transactions).
Proton incorporates an optional KYC identity store to address these issues. The identification is made accessible as an on-chain identity verification and is kept in a central PCI (payment card industry)-compliant database. All businesses handling credit card information in any way are required to maintain a safe environment by following o the Payment Card Industry Data Security Standard (PCI DSS). XPR is Proton's native coin, and the XPR smart contract code is built using the ultra-fast EOSIO dPOS model. An EOSIO blockchain is a distributed, deterministic state machine that records transactions in a line of interchanged blocks.
Additionally, this framework makes the token perfect for social networking and gaming apps. Once users have verified their identities, they may purchase, trade, and utilize cryptocurrency for DApps' microtransactions. Furthermore, websites and applications may route payment requests straight to wallets that are Proton-compliant thanks to the new XPR blockchain design.
Team
Co-Founder and CEO – Marchall Hayner - founded blockchain companies QuickCoin and Block.io; acquired Dogechain.info, created by Glenn Mariën, under Block.io.
Co-Founder & CTO - Glenn Mariën - has 10+ years full stack experience; created Dogechain.info, Dogecoin's first online wallet.
VP of Engineering - Syed Jafri - founder of Bloks.io. Developing user-facing software for over 5+ years in the blockchain and healthcare sectors.
DevOps Architect - Lenny Castaneda - DevOps engineer with a software engineer mindset. Entrepreneur, in 2018 sold Blockchain Holdings, LLC, a crypto-mining/edge company. Applying process-driven enterprise experience to advance DevSecOps initiatives.
Roadmap
Where to Store Proton (XPR)
A trusted wallet provider for your Proton (XPR) token could be Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place.
The official wallet for Proton Blockhain is WebAuth.com, which available both on iOS and Android systems. You may directly participate in the Proton ecosystem with this app by staking XPR, receiving block rewards, choosing block producers, and much more.
Similarly, a user-friendly option to keep your $XPR secure can include MetaMask, a leading browser wallet extension popular amongst DeFi platforms and highly praised by developers. Users can integrate with the network’s Liquidity Mining pools by connecting to their MetaMask wallet.
Another option to keep your Proton secure is an offline method in one of the leading hardware wallets Trezor.
Where to Buy and Sell Proton (XPR)
You can Buy & Sell Proton (XPR) by heading over to the Buy Coins page of our website. Proton (XPR) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $XPR has never been easier, simply place your order and provide your wallet address. Once your payment arrives Proton (XPR)will be sent directly to your wallet.
If you choose to Sell Proton (XPR)you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Proton (XPR) Resources:
Website: https://www.proton.org/
Block Explorer: https://etherscan.io/
Twitter: https://twitter.com/protonxpr
Github: https://github.com/ProtonProtocol/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.