What is Xphere (XP) used for?

Xphere’s native coin, XP, has several defined functions within the network: - **Transaction Fees**: Used to pay for transaction processing on the Main Chain. - **Staking**: Required for validators to participate in the consensus process. - **Mining and Validator Incentives**: Distributed as rewards for nodes participating in the PoW process on the Proof Chain and for validators in the Main Chain. - **Governance**: Governance is conducted through the X-Guardians Alliance, a group of mainnet node operators. Eligibility requires approval and, in some cases, staking of XP. Coin holders outside the Alliance do not participate directly in governance decisions.

Xphere

#351

$0.01312($0.00)

Key Stats

Market Cap$39.17M

Volume (24h)$148.64K

Fully Diluted Value$39.17M

Vol/Mkt Cap (24h)0.38%

Total Supply2.98B XP

Max Supply∞

Circulating Supply2.98B XP

Launch Date2025-02-17

Xphere Information

Websites

x-phere.com

Block Explorers

xp.tamsa.io

Hashing Algorithms

SHA-256

Industries

Platform

Xphere Price Converter

USD

Loading chart...

Latest Xphere News

View all

Xphere Markets

View all

Instrument	Exchange	Benchmark Data	Price	24h Change
XP-USDT XPUSDT	mexc	C	0.01313USDT	-4.39%
XP-USDT xp_usdt	xtpub	-	0.01233USDT	-5.11%
XP-USDT XP-USDT	bingx	D	0.01306USDT	-4.86%

About Xphere

Xphere (XP) is a dual-chain blockchain platform that separates transaction processing and validator selection using PBFT and PoW mechanisms. The Main Chain handles transactions, while the Proof Chain uses SHA-256 PoW for secure validator selection. XP is the native coin used for fees, staking, and validator rewards. Governance is managed by the X-Guardians Alliance, with participation limited to approved node operators. The network supports Ethereum-compatible smart contracts and tools.

Frequently Asked Questions

Xphere (XP) is a blockchain platform built on a dual-chain architecture, composed of a Main Chain and a Proof Chain. The Main Chain is responsible for transaction processing and block finalization using an optimized Practical Byzantine Fault Tolerance (PBFT) consensus mechanism. The Proof Chain handles validator selection and proof generation through a Proof-of-Work (PoW) process based on the SHA-256 algorithm. This separation is designed to improve scalability, maintain decentralization, and ensure network security.

The platform supports Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy Solidity-based smart contracts and interact with Ethereum-compatible tools.

Xphere’s native coin, XP, has several defined functions within the network:

Transaction Fees: Used to pay for transaction processing on the Main Chain.
Staking: Required for validators to participate in the consensus process.
Mining and Validator Incentives: Distributed as rewards for nodes participating in the PoW process on the Proof Chain and for validators in the Main Chain.
Governance: Governance is conducted through the X-Guardians Alliance, a group of mainnet node operators. Eligibility requires approval and, in some cases, staking of XP. Coin holders outside the Alliance do not participate directly in governance decisions.