With the growth of the cryptocurrency market, many people began to wonder about projects in this area. As Kriptokoin.com, we examined one of these projects, Proton. Below you can find answers to questions such as what is Proton coin (XPR), how does it work, how to get it.
What is Proton coin (XPR)?
Proton coin (XPR) is a decentralized blockchain project. The project is a smart contract platform developed with peer-to-peer payments and customer applications in mind. The native cryptocurrency of the project is XPR.
This relatively new blockchain was developed by a joint effort of Metal Pay and Lynx companies. Both companies aim to make crypto easily accessible for customers’ daily use. Brian Kelly of CNBC Fast Money and Erik Voorhees, who are CEOs of ShapeShift digital currency fund Alphabit Fund, were among the initial investors in the project.
How does Proton coin (XPR) work?
When using Proton, all transactions are recorded on the blockchain and each user has a verified identity. Verified identities allow users to directly associate their identities with accounts holding fiat currencies such as lira. Thus, investors are integrated with a financial payment layer that allows them to withdraw funds and buy crypto.
Proton network keeps user private key and other sensitive information confidential, allowing traders or institutions to examine user identity through public keys.
What makes the Proton platform special?
Proton has faster processing speed compared to its peers. The network, which can perform 4000 transactions per second, performs an average of 40 million transactions per day. All user transactions are carried out free of charge on the platform, which is a project that is increasing in popularity.
Adopting the Proof-of-Stake (PoS) model, the network has a staking commitment. Accordingly, the longer the staking process takes, the more rewards users get. Proton coin (XPR) can be used as a voting right in decisions regarding the future of the platform. Long-time users are rewarded with Protons in exchange for their tokens.
How to get Proton coin (XPR)?
Investors interested in the XPR coin must first be a member of a crypto exchange where the token is listed. These exchanges include Bithumb, HitBTC, OKEx, Metal Pay, ProtonSwap, Bithumb Global etc. is found. Investors who want to buy Proton coin can get XPR by signing up for these exchanges and creating a wallet.
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