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10.1 XDEN - Digital Transferable Asset (DTA)

Xden is defined as a Digital Transferable Asset and serves as native token which fuels the operation of XIDEN blockchain and the applications developed.

The property of the Xden Digital Transferable Asset comes from the fact that it can be transferred between users through the Xiden Network. Xden DTA has no physical representation, it is represented by a decentralized balance constantly updated by validators, based on the transfers executed between users. Each user can generate wallet addresses that are integrated into the decentralized database so that they are integrated into the system’s economy. The Xiden network updates the balance status of wallet addresses based on transfers authorized and validated by validators.

Xden is represented by a dynamic accounting process that is kept at the same time by all validators in the network so that it is transparent, incorruptible and unalterable.

Xden DTA is used for:

  • Reward validators which perform validations within the network.
  • Reward devices which make their resources available for the network.
  • Access mechanism to the services provided by the network’s apps.
  • Validation mechanism for the smart contracts’ generated tokens.

The architecture of the Xden mechanism uses the Ethereum standard in order to be compatible with existing frameworks that are widely adopted by numerous communities.