Ultimate guide for newcomers and intermediate viewers to learn about Experience Points 2018-2019

by Micheal Sykes

Posted on May , 17 2018 at 12:00 PM

Experience Points (XP) is a completely independent, platform agnostic incentive rewards token and digital currency combined enabling you to earn XP through video games, activities, sports, education and conservation which you can then spend at participating vendors either online, in-game, or on the high street (cryptocurrency exchanges). Also, the blockchain utilizes a PoS (Proof of Stake) algorithm, enabling you to earn interest simply by holding onto your earned XP. The concept of real value rewards merged with the blockchain technology of Bitcoin provides an innovative approach to in-game currencies moving towards a unified platform, similar to the standards applied to mobile phone charges, for example

This approach keeps the digital currency completely independent from any bank, central authority, government or corporation but at the same time allowing them all to collaborate and submit proposals, open source code, documentation and content that benefits other participants and parties in the network.

This system is one of the most secure ever devised as the blockchain is distributed globally. The blockchain is not like a bank record that can be destroyed by a computer failure or fire; it is permanent and global. The software upon which your wallet is based is open source and available for anyone to inspect or audit. When was the last time your bank let you look at their software protecting your money? Even massive corporations like Equifax can't secure your identity or your funds the only one who can is you. With XP you have the ability to manage transactions quickly and easily on your desktop or android wallets and can experience the joy of near instantaneous transactions.

XP can achieve this through the use of a Proof-of-Stake validation. It works like this: This process is known as staking. As opposed to the expensive and resource-intensive methods of mining used by currencies such as Bitcoin or Ethereum, XP's Proof-of-Stake algorithm instead uses a minute amount of your processors power to stake the transaction. When you stake a transaction, you are entered into a probabilistic drawing to receive a reward based on the transaction. If you leave your wallet on the network to approve transactions 24/7, the payments based on your supplying the service of verifying transactions can be significant.

-To summarize: Everyone gets paid to keep the network secure Everyone shares the bank history, so its transparent The software is open source so you know its safe It is anonymous and anyone can open an account It is extremely fast; you can send money to anyone in the world within minutes It is and will always BE FREE

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