What is Xai (XAI)?

What is Xai (XAI)?

Xai is the first layer-3 blockchain specifically created for AAA gaming. By leveraging Arbitrum Technology, Xai focuses on simplicity and user experience, eliminating the complexities of wallet management and making blockchain integration an unnoticed part of the gaming ecosystem. Thus, it enables billions of traditional gamers to own and trade valuable in-game items quickly and easily. Developed by Offchain Labs and overseen by the Xai Foundation, the chain introduces a novel approach to blockchain gaming by establishing a fully decentralized ecosystem that fosters trust and transparency.

How Xai (XAI) Works

The Xai blockchain addresses the challenges prevalent in blockchain gaming. Tailored for gaming, it offers traditional gamers an abstraction wallet (a special type of crypto wallet that allows users to have more security and flexibility over their wallets, e.g. batching transactions, paying gas fees in any chosen tokens, etc.) while maintaining a robust relationship between developers and users. Developers benefit from increased gas and contract limits, fostering a decentralized ecosystem built on trust.

AnyTrust Protocol

A cornerstone of Xai's innovation is the AnyTrust protocol, a variant of the Arbitrum Nitro technology developed by Offchain Labs. AnyTrust manages data availability with a permissioned set of parties, introducing a mild trust assumption to significantly reduce costs while ensuring robust data availability and security. This approach tackles issues such as gas fees, unstable blockchains, and complex game design on blockchain.

Sentry Nodes

Sentry Nodes play a crucial role in maintaining the integrity of the Xai network. These observation nodes monitor the Xai rollup protocol, raising alarms if an incorrect block is proposed. Operating on laptops, desktops, or cloud instances, Sentry Nodes contribute to network security and stand to receive rewards in esXai tokens through a probabilistic algorithm.

With the ability to predict the next State Root before the completion of the current challenge, Sentry Nodes transition from reactive error detection to a proactive security measure. This innovation positions Xai at the forefront of blockchain security.

Tokenomics

XAI Token

XAI is the primary token of the Xai blockchain, acting as the gas fee token on the Xai Layer-3. Fully transferable, it plays a pivotal role in ensuring the smooth operation of the blockchain.

esXAI Token

Non-transferable esXAI (escrowed XAI) tokens are staked by Sentry Node operators, providing a range of benefits. Staked esXAI yields increased rewards, access to special events and NFTs, and governance rights within the network.

Redemption Process

The redemption process between XAI and esXAI is a flexible operation. Users can redeem XAI for esXAI at any time without penalty, while the reverse process involves an unlock period with varying conversion ratios.

XAI Goes Live on Bitget

With Xai's innovative layer-3 blockchain tailored for AAA gaming, users benefit from reduced gas fees and seamless integration. XAI's utility in the ecosystem, coupled with its redeemable counterpart, esXAI, offers a balanced approach to staking.

Take the opportunity to be part of a gaming revolution that combines innovation with simplicity, and trade XAI on Bitget. XAI will be listed on Bitget on January 9.

To celebrate the listing of XAI on Bitget, you can join this limited-time event to grab a share of $4,000 in XAI. The event runs from January 9, 10:00 to January 16, 10:00 (UTC).

How to Trade XAI on Bitget

Step 1: Go to XAIUSDT spot trading page

Step 2: Enter the amount and the type of order, then click Buy/Sell.

For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading .

Xai's commitment to fostering innovation, enhancing accessibility, and addressing the challenges of traditional blockchain gaming positions it as a pioneer in the industry. With a focus on user experience, security, and the seamless integration of blockchain technology, Xai stands to revolutionize entertainment on a global scale, ushering in a new era of innovation and accessibility in blockchain gaming.

Trade XAI on Bitget now!

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.