5. Terms
Xiden Internet Network: We have built a private decentralized internet network to which all users can connect via any smart electronic device.
REALM Node: A validation node that registers the blocks into the blockchain network. As geographical locations, the Realm nodes are distributed around the globe in order to facilitate the registering process of the Guardian node, which will validate data according to user preferences and/or requirements.
GUARDIAN Node: A light validation node that verifies the conformity of both data and the system’s integrated devices, contributing to the network’s operation and providing resources for decentralized computing and storage power. It uses Delegated Staking and it allows miners to band together with their computing power in a single Krater Pool.
Miner: Any smart device that makes its resources available for the optimal operation of the network and validates the conformity of the other devices integrated into the system.
Devices: Any smart device that is not fulfilling the miner function and it does not have the minimum resources to meet the requirements of being a blockchain validator. A smart device that makes its resources available for the development and use of DApps.
SPECTRALIS NETWORK: A WiFi point unlocked by a Router that can open a pool through which smart devices can connect freely in order to access an anonymous internet network.
BDX: A dynamic list of Guardian Nodes and Miners stored in all the system’s integrated devices, used to validate the existence and conformity of the respective devices.
Krater: The pool opened with the help of the node device and to which the user can connect other smart devices in order to validate transactions, but also boost the node’s computing and storage power.
Age: Represents the current phase of the blockchain in terms of operation. Each phase brings different operating procedures, standards, and rules in order to ensure sustainable and continuous development. A predetermined finite number of blocks represent each blockchain Age. XDEN’s Age details are available in the Genesis Distribution chapter.
DApps: Decentralized applications are digital apps or programs that exist and run on a blockchain or peer-to-peer (P2P) network of devices instead of a single device.
Epoch: Represents the blockchain period given by the number of blocks. At the beginning of each blockchain epoch, a census of the validators is made by checking their status.
Proof of Stake: A blockchain consensus algorithm that ensures the conformity of every device that aims to become a validator in the network by submitting a quantity of XDEN. The PoS is an algorithm that helps validate and maintain network data integrity.
Proof of Connectivity: A blockchain consensus algorithm used to ensure that all devices integrated into the system are genuine, connected and function within the system.
Proof of Existence: A consensus algorithm that ensures a specific data or digital transaction is associated with a timestamp and a signature, thus proving that the respective data was created on the mentioned date and time.
Smart distributed resources: The concept defines the smart use of the available resources on owned devices. These resources can train AI modules, generate computing power to solve mathematical equations or increase storage capacity.
Block Generation Time: Each block is generated and recorded at every two (2) seconds and will contain the exact amount of information and transactions that can be transmitted in precisely that time. The blocks will be validated and registered by the Realm Nodes, and the integrated system’s devices conformity will be verified by the Guardian Nodes.
Reward: Financial benefit for users and integrated devices (miners) that contribute to the operation of the network.
GAS Fee: The cost of validating a transaction. The transaction is considered an exchange of information between two wallet addresses that can be validated and registered in the blockchain system.
XDEN: A native transferable digital asset.
Wallet: A digital wallet is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites.
Matrix ID: An independent mode that generates an anonymous digital identity for every device integrated into the system.
VOBP: Voice Over Blockchain Protocol is an encryption protocol that secures and encrypts information exchange channels thanks to its integrated algorithms such as AES-256, Extended Triple Diffie-Hellman, Double Ratchet, and asymmetric key generation.
