What is CHI

Xaya and $CHI: Revolutionising Blockchain Gaming

Introduction

In the rapidly evolving landscape of blockchain technology, Xaya stands out as a pioneering platform specifically designed for gaming. This innovative project harnesses the power of decentralised systems to provide gamers and developers with a robust environment for creating and participating in immersive game worlds. At the heart of Xaya lies its native cryptocurrency, CHI (also known as $CHI), which facilitates transactions and on-chain interactions within this unique ecosystem.

What is Xaya and $CHI?

Xaya operates as an open-source blockchain gaming platform with the ambitious goal of transforming the gaming industry. By integrating blockchain technology, Xaya guarantees transparency, security, and genuine ownership of in-game assets—elements that are often absent in traditional gaming platforms. The foundation of Xaya supports multi-chain technology, allowing developers to create decentralised applications (dApps) with few limitations.

The Role of $CHI

$CHI serves as the lifeblood of the Xaya ecosystem, used for transactions within the platform. The cryptocurrency employs a triple-purpose proof-of-work mining system for consensus, reinforcing its security and stability. The total supply of $CHI is capped at 77.3 million tokens, ensuring a finite resource that contributes to its value within the ecosystem. Additionally, the presence of $CHI in the Ethereum ecosystem, as WCHI, broadens its accessibility and trading potential.

Creator of Xaya and $CHI

The brainchild behind Xaya and $CHI is Autonomous Worlds Ltd., a company staffed by seasoned experts from both the video game and blockchain sectors. This diverse team brings a wealth of experience and innovative thinking to the project. Key members include:

• Co-Founder & Business Development Lead: Possesses strong expertise in both game development and blockchain technologies.
• Co-Founder & Lead Frontend Developer: Brings over a decade of experience in the realms of gaming and blockchain.
• Co-Founder & Co-CEO: A pioneer in the sale of virtual assets, with a notable history in MMORPGs and the creator of Huntercoin.
• Co-Founder & Chief Technology Officer: As the lead developer of multiple blockchain projects, including Huntercoin and Xaya, this member's extensive background includes work with significant technologies like Bitcoin Core and Google.

Investors of Xaya and $CHI

While information regarding specific investors in Xaya remains relatively undisclosed, the project operates with a network of advisors and strategic partners. These collaborations are vital for the platform's growth and development, contributing not only financial resources but also industry knowledge and expertise.

How Does Xaya and $CHI Work?

Decentralised Gaming Infrastructure

Xaya provides a groundbreaking decentralised gaming infrastructure, allowing games to operate exclusively on the blockchain without reliance on centralised servers. This fundamental shift fosters several key benefits:

• True Ownership of Assets: Players genuinely own their in-game assets and are empowered to trade them freely, fostering a player-driven economy.
• Support for Complex dApps: Developers can create decentralised applications with virtually unlimited computational complexity.
• Scalability and Compatibility: Xaya has been architecturally designed to be scalable, accommodating a growing user base while maintaining compatibility with various blockchain networks.
• Transparent Gameplay: By utilising atomic swaps, the platform guarantees fair and fraud-proof trading of virtual assets, creating a more trustworthy gaming environment.

Key Innovations

Xaya boasts numerous innovative features that differentiate it from traditional gaming platforms:

• Real-Time Game Channels: Facilitates trustless gameplay for any number of participants, enhancing interactivity and engagement.
• Multi-Chain Support: Enables fast and cost-effective transactions across different blockchain networks, maximising user convenience.
• Xaya Names: These unique tokens serve as decentralised identifiers or handles for players, streamlining user interaction within games.
• Developer SDK: An extensive software development kit is available for game creators, simplifying the process of building and deploying new games within the Xaya framework.

Timeline of Xaya and $CHI

The journey of Xaya and $CHI reflects significant milestones that indicate the project's progression and aspirations:

• 2011: Team members gain experience participating in the Namecoin project.
• 2013: Key team members emerge as voluntary project leaders for Namecoin.
• 2016: The “Chimaera Project” is launched, later rebranded as “XAYA” in 2018.
• 2018 (Q2): The official launch of the XAYA blockchain occurs, marking a pivotal point in the project’s development.
• July 3, 2018: The genesis of the XAYA blockchain is recorded, further solidifying its operational foundation.
• Future Plans: Aspirations include integration with Ethereum Virtual Machine (EVM) and the transition of CHI to WCHI on the Ethereum blockchain.

Conclusion

Xaya and $CHI are poised to make significant strides in the domain of blockchain gaming. By offering a decentralised platform tailored for gamers and developers, the project ensures scalability, security, and true asset ownership. These innovative characteristics not only enhance the gaming experience but also pave the way for a more equitable and player-oriented future in the gaming industry.

With a clear vision and a dedicated team, Xaya stands at the forefront of digital gaming innovation, ready to transform how gaming worlds are designed and experienced. The journey towards a decentralised gaming paradigm has just begun, and Xaya is leading the charge.