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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.
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