The Xiden Blockchain is a new layer for the Internet that operates on a decentralized network of connectivity points around the world.
The Xiden network is built to facilitate the integration of all smart devices in order to provide a free connection and internet access in a secure, anonymous, and unrestricted manner.
The Xiden network integrates the IoT concept to converge all the resources within smart devices (processing power and storage capacity) into a decentralized architecture.
The available resources of the devices integrated into the network serve as infrastructure for both the application developers and application users. The aim is to develop a common resource infrastructure to streamline costs, consumption, and maintenance.
The Realm MetaNodes represent the 30 validation primary nodes that verify and record the information exchange between blockchain entities and will receive rewards through the gas fees for transactions.
In order to process validations, a Realm Metanode must have a minimum staking deposit of 2.000.000 XDEN. A higher XDEN staked deposit will bring more validations and more rewards.
The Guardian Nodes are smart devices with computing power and storage capacity that can distribute the network’s resources like any electronic device.
The Guardian Nodes can open Krater Pools and facilitate the connection for both smart devices and miners.
The Guardian Nodes perform the same functions as the miners by verifying the conformity of the devices integrated into the system at the end of each epoch.
The Guardian Nodes fulfill the Hotspot function by opening the Spectralis Private Network’s access points and facilitating the access of smart devices into the Xiden network.
The Krater Pool is a cluster in which miners and devices can be integrated and which centralizes the validation power. It behaves like a total validation power and validates the integrity of the devices integrated into the system.
In order to perform validation, a Krater Pool must have 1000 XDEN in the staking wallet.
Miners are devices that can perform validations and can be registered in the Krater Pool.
Miners are smart electronic devices that have resources (storage capacity and computing power) and make those resources available to the Xiden network.
Miners are rewarded with XDEN based on the provided resources, completed validations, and uptime.
DApps can be configured by developers to work on the basis of XDEN or other tokens developed on the Xiden Blockchain smart contracts. The XDEN obtained from users can be distributed to the DApps’ developer or to the devices that contributed with resources, depending on the rules set by developers.
The more transactions and exchanges between information entities, the more gas fees for the Realm MetaNodes that will be distributed to Krater Pool owners.