An Anonymous Coin
Xatra is a cryptocurrency project launched recently. Its main feature is its anonymity using the Zerocoin protocol. Xatra Coin was intended to be the main currency of the Xatra ecosystem consisting of coin staking, wallets, and an exchange while maintaining anonymity of Xatra users. That means all products and services of the ecosystem will accept Xatra alongside other cryptocurrencies.
Xatra will be in demand once the exchange is launched for it will be used as the main currency of the exchange. Plus, the anonymity feature will greatly add to its demand. Look at Monero, the price went up to an ATH of $441+ because of its anonymity alone. Look at Kucoin Shares, the ATH was at $20 and Binance Coin reached $22 and is currently the biggest exchange in terms of trade volume. Now, imagine Monero and Binance combined in one coin, the result would be Xatra. It would not be impossible for Xatra to reach $1000 in 1 or 2 years. Visit their site here. I highly recommend you read their whitepaper.
Xatra Coin Specifications
Name: Xatra
Symbol: XTR
Protocol: POS + POW
Algorithm: X11
Block Time: 60 seconds
Block Size: 4Mb
Total POW Blocks: 207360
Pre-Mine: 7 Million
Total Supply: 21 Million
Zerocoin Protocol
Zerocoin Protocol was a project that was supposed to make Bitcoin transactions anonymous by implementing secure cryptographic techniques to ensure that Bitcoins cannot be traced. But it can also be applied to any other blockchain.
Mint transactions. A mint transaction allows a user to convert a specified number of non-anonymous Bitcoins into the same number of Zerocoins belonging to a specified Zerocash address. The mint transaction itself consists of a cryptographic commitment to a new coin which specifies the coin's value, owner address, and a unique serial number. The commitment is based on the SHA256 hash function, and hides both the coin's value and owner address.
Individual Zerocash nodes maintain a Merkle tree over all of the coin commitments seen thus far. Any user can then demonstrate ownership of a coin commitment, via its decommitted values as well as a short witness of membership in the tree. Unfortunately, merely publishing this information as an "ownership proof" is not private; instead, to achieve privacy, we rely on a second type of transaction, which allows a user to prove, in zero knowledge, that he knows such information.
Pour transactions. A pour transaction allows a user to make a private payment, by consuming some number of his coins in order to produce new coins. Roughly, a pour transaction, for up to two input coins and up to two output coins, involves proving, in zero knowledge, that: the user owns the two input coins;
each one of the input coins appears in some previous mint transaction or as the output coin of some previous pour transaction; and the total value of the input coins equals the total value of the output coins.
The pour transaction consumes the input coins by revealing their serial numbers, but does not reveal any other information such as the values of the input or output coins, or the addresses of their owners. Optionally, the pour transaction can also output some non-anonymous Bitcoins. This last feature can be used to transfer Zerocoins back into non-anonymous Bitcoins or to pay transaction fees.
Now, I know the last four paragraphs were hard to comprehend, so try reading them again. I will explain how the Zerocoin protocol works. Imagine, you have some USD you want to send to someone. Instead of sending the USD directly to the recipient, you convert it to Monero then send the Monero to the recipient, then the recipient converts it back to USD. No one would know where you sent the Monero, since Monero transactions are anonymous. Meaning the Zerocoin protocol is completely anonymous.
Xatra ICO
Why does one need to participate in Xatra ICO? Any ICO is where an investor can buy the coin at its lowest price. With Xatra, I can see the huge potential. The project is very promising and the Proof of Stake mining reward is very attractive. If you missed Monero, whose ATH was $422+, then I’m sure you wouldn’t want to miss this opportunity.
Xatra ICO has 7 rounds. 650,000 XTRs are available for the first round and each successive round will have 1,000,000 XTRs. For the first round, XTR is at $0.40 each and price goes up by $0.10 per round until it reaches $1 at round 7. As of the time of this writing, round 1 is sold out. Bitcoin and Ethereum are accepted. If you want to participate in the ICO, check their website here.
Notes
Xatra was founded by Matt Landi and Thomas Bianchi with Teo Martin as the CFO. Click on their names to view their LinkedIn profiles.
Useful Links
Author's Profile
Xatra Website
Zerocoin Protocol Link1
Zerocoin Protocol Link2
Zerocoin Protocol Link3
Merkle Tree