X-CASH
Crypto Overview
Overview
X-CASH is a privacy-focused cryptocurrency that aims to provide secure and private transactions while maintaining scalability. The project was launched in 2018 and is built on a modified version of the CryptoNote protocol.
Purpose and Utility
The primary purpose of X-CASH is to serve as a medium of exchange with enhanced privacy features. The project has developed its own Proof of Service (PoS) consensus mechanism called Delegated Proof of Private Stake (DPoPS).
Business Model Analysis
The business model focuses on providing private transactions and maintaining a decentralized network through its DPoPS system. There is no evidence of involvement in prohibited activities such as gambling, interest-based lending, or adult content.
Development Activity
The project maintains active development on GitHub, with regular updates to its core protocol and related tools. The team continues to work on improving scalability and privacy features.
Token Distribution
X-CASH has a relatively fair distribution model, with no pre-mine and no ICO. Tokens are distributed through mining rewards and network participation.
Current Usage
The network is primarily used for private transactions and operating delegate nodes in the DPoPS system. While adoption remains limited, this does not affect its Sharia compliance status.
Crypto Impact
To assign a comfort level investing in X-CASH from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to X-CASH.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.