Hello and welcome to this blog post about Xaya CHI White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Xaya CHI white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Xaya (CHI).
I can ensue you that, you will be able to understand every bits and pieces related to Xaya (CHI) after going through the Xaya CHI white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
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Xaya CHI White Paper
Xaya CHI white paper will be going to provide you, all the information that is needed to get started with Xaya (CHI), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Xaya (CHI).
This paper presents a realisable and unique vision for the future of gaming built on top of or using the XAYA (pronounced “zay-ya”) blockchain to manage increasingly complex and appealing game worlds as well as securing and simplifying the ownership, sharing, and trade of virtual assets. The XAYA platform achieves this through the democratisation of game development and deployment, allowing developers to bring their vision to life quickly with significantly reduced costs. It will provide a wealth of tools and a state-of-the-art infrastructure for game developers to build their own blockchain-based games.
Furthermore, developers can fully leverage the XAYA technology to issue their own game currency that can be traded for ‘CHI’ (the reserve currency and “fuel” in the XAYA ecosystem – the X is pronounced ‘chi’ in the old greek alphabet) or other XAYA game coins and assets. Additionally to the benefit of gamers, developers can create fully decentralised, autonomous games where players can expect 100% uptime and have provably fair gameplay with true ownership of their in-game items. Until now scaling has been a major difficulty for blockchains and particularly for massive game worlds and their virtual asset inventories.
The XAYA team has overcome this with world leading breakthroughs in Trustless Off-chain Scaling for games (Game Channels)1 and Ephemeral Timestamps2 and will continue to invest strongly in this important and novel field. The assembled XAYA team is comprised of the original creators of blockchain gaming, experienced developers, and blockchain and business experts. So whilst this is a new frontier for cryptocurrency and gaming, the assembled team has the experience, insight, and initial designs available to readily solve the challenges ahead. This will usher in a new era of gamechanging blockchain technology and a whole new gaming ecosystem. XAYA is developed and maintained by Autonomous Worlds Ltd.
White Paper Link: Xaya CHI White Paper
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