X-CASH

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.