What is Tixl?
Tixl is a new digital asset that allows private, instant and zero-fee transactions.
None of the popular digital assets allow private, instant and zero-fee transactions at the same time. But why is that a problem? In a world headed more towards digital currencies, we must secure and preserve the essential properties of traditional money. No one wants the public to be able to look into their monetary transactions, whether they are governments, companies or private people. In addition, all users of a digital asset want to pay the lowest fees possible - the higher the fee, the lower the potential for widespread adoption. Last, but not least, if a future digital asset is slow in terms of transaction speed, it’s not a future asset.
Tixl uses the most sophisticated technologies to have emerged from the blockchain world over recent years. It uses a Directed Acyclic Graph (DAG) data structure together with the Stellar Consensus Protocol (SCP) to support fast transactions. Tixl also uses Zero-knowledge proofs with a commitment scheme to enable confidential transactions (hiding transaction amounts). To protect transaction senders and receivers Tixl uses stealth addresses and coin shuffling. Also, to ensure that transactions stay private in the future, quantum secure or upgradable cryptosystems are implemented to encrypt transaction details.
Traditional mining, as used with Bitcoin, damages earth’s environment. Tixl’s solution does not involve energy-intensive algorithms. Instead, Tixl’s consensus algorithm is based on a network of decentralized nodes which vote for, or against, transactions. Each node can decide which other nodes it trusts. The long-term goal is to have a network of different institutions hosting Tixl nodes all over the world. Nodes are paid for with a certain percentage of the total token supply and they should be intrinsically motivated if they hold a large amount of Tixl tokens, or have a business model based on processing Tixl transactions.
To finance the development and implementation of Tixl and raise capital for marketing, a token sale is being conducted. During the fundraising period Tixl BEP2 Tokens [MTXLT], on the Binance Chain, are sold and operate as vouchers that can later be swapped for Tixl currency. We re-opened the Tixl token sale, our third phase began on October 18, 2019. As a recap: The first two phases of the token sale have been completed — raising 450,000 USD in phase 1 and 800,000 USD in phase 2. The total amount raised so far is 1,250,000 USD.
Token Sale Details
Investing in Tixl provides opportunities, and risks, similar to investing in Bitcoin, Ethereum or other digital assets. If Tixl rises in price over time, you benefit from the corresponding performance.Legal Disclaimer: There is no guarantee that an investment in Tixl will increase in value.