What Is Proton (XPR)?

Proton (XPR) is a public blockchain platform developed using a smart contract  to cater to consumer applications and peer-to-peer payments. Proton is built around financial settlements and a secure identity layer that allows users to directly link real identity and traditional currency accounts, pull funds, buy crypto, and use that crypto in apps. The platform is designed for apps such as games and social media for simple and fast transmission of traditional currency from one individual to another. Proton's mission is to enable users to buy, trade, and use cryptocurrencies anywhere and everywhere in the simplest possible way.

Proton records the transactions on a blockchain with a core function to record the payments and interface with the different entities. This function is followed so that every user can have a verified identity verified by an approved identity provider. The blockchain contains both unencrypted (plaintext) and encrypted (encoded) transaction data. 

According to the Proton whitepaper, cryptocurrency trading in most app token wallets lacks a secure regulatory framework. The problem becomes much more prominent when someone receives cryptocurrency in exchange for traditional currency (also known as on-ramp transactions) or traditional currency in exchange for cryptocurrency (also known as off-ramp transactions).

As a solution to these problems, Proton integrates an optional KYC identity store. The identity is stored in a central PCI (payment card industry)-compliant database and is made available as an on-chain identity check. The Payment Card Industry Data Security Standard (PCI DSS) is a security standard to ensure that all the companies dealing with credit card information in any way are liable to maintain a secure environment. The native token of Proton is XPR, and the XPR smart contract code is based on the ultra-fast EOSIO dPOS model. An EOSIO blockchain is a deterministic and distributed state machine that keeps track of transactions within a sequence of interchanged blocks.

Further, this framework makes the token ideal for gaming and social media applications. Once users establish their identities, they can buy and exchange crypto and then use it in micro-transactions on DApps. Further, the new XPR blockchain design allows websites and apps to push payment requests directly to Proton-compliant wallets. 

The XPR token of Proton has moderate annual inflation, providing a short-term store of value for DApps and allowing blockchain governance.

History of Proton (XPR)

Marshall Hayner and Glenn Mariën are the founders of Proton. Marshall Hayner is the CEO and is the founder of the blockchain companies QuickCoin and Block.io. Glenn Mariën is the CTO and creator of Dogechain.info, Dogecoin's online wallet. Irina Berkon is the CFO and is a CPA with 15+ years of hands-on experience in corporate finance. Two companies developed Proton: Metal and Lynx, having a common vision of making crypto accessible to everyday consumers. The maximum supply of XPR is 10 billion.

How Are New Proton (XPR) Created & Earned?

XPR is a proof-of-stake token where token holders can stake and bond their tokens to vote for block producers. Each token gets a single vote, and there is a 30-day un-staking period as a security measure. This one-month un-staking period is a security measure to evaluate authenticity and expenses of block producers (BPs). The stakers vote for block producers on a one-vote, one-token basis, thus preventing the double-spending problem. Double-spending arises when transacting digital currency that involves the same tender being spent multiple times