What is xGalaxy?
xGalaxy is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
xGalaxy was launched on August 19th, 2018, and built as a derivative from Bitcoin, Dash, and Ravencoin. All xGalaxy (XGCS) coins are fairly issued and mined publicly through Proof of Work (POW); as well as, being implemented on top of a network of dedicated servers known as Masternodes.
The primary objective of xGalaxy is simply; increase consumer adoption by focusing on bridging certain features of the blockchain ecosystem with various traditional online platforms.
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The block reward is not only an incentive for the miners but also for the masternode operators to perform services in the xGalaxy ecosystem.
Masternodes are powerful servers back by collateral held in xGalaxy. Each masternode requires a collateral of xGalaxy Coins (XGCS). The primary requirement to run a masternode on the network is 20,000 (XGCS).
These masternode host full copies of the blockchain and provide a unique second layer of services to the network. In return masternode operators recieve regular payments for the services they provide the network.
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xGalaxy provides a secure and fair gaming environment, where players can enjoy a variety of ring games, tournaments and Sit & Go.
Like many blockchains, transactions on the xGalaxy network are secured using a cryptographic method known as Proof of Work (POW) mining.
In this process powerful computer processors search for solutions to a mathematically difficult problem defined by the X16R hashing algorithm.