The CHI price update as of now is $0.04532. In the previous 24 hours, its trading volume was $10,276, and its value has decreased by -1.54%. As of now, CHI's live market cap is $2,610,566, and it is ranked as the #1443 on the Coincu. CHI has a circulating supply of 57,597,934 and a maximum supply of 57,597,934.

Introducing XAYA: The Decentralized Gaming Platform

XAYA is a revolutionary platform that enables the creation of fully decentralized and trustless games and dapps. By leveraging blockchain technology, XAYA provides a permissionless and serverless environment for developers to build innovative gaming experiences. The native currency of the XAYA blockchain is CHI.

Understanding the Inner Workings of XAYA and CHI

XAYA utilizes the blockchain as a secure base data store. It separates state computation from the blockchain through Game State Processors (GSPs), which are similar to smart contracts on Ethereum but with greater complexity. Additionally, XAYA's Game Channel technology allows for real-time trustless gameplay without congesting the core blockchain.

Scalability: A Key Advantage of XAYA

Scalability is a crucial consideration for blockchain systems, particularly when it comes to handling complex computations and storage. XAYA tackles this challenge with a two-pronged approach. By separating game-state processors from the core blockchain, XAYA can shard off computations for individual applications. Furthermore, XAYA implements Game Channels, an innovative technology that enables unlimited transactions per second while minimizing blockchain bloat.

The Unique Features of XAYA

XAYA stands out thanks to its fully decentralized, trustless, and permissionless nature. It offers a language and blockchain agnostic framework for the seamless integration of assets from other blockchains into its Game State Processors. The XAYA team, known for pioneering the world's first blockchain game, Huntercoin, has extended this concept to create a comprehensive platform where games inherit true blockchain characteristics.

Mining CHI: Harnessing the Power of SHA-256d and Neoscrypt

Yes, CHI can be mined using the SHA-256d or a Neoscrypt variant. Miners utilizing SHA-256d receive 25% of the block rewards, while the remaining 75% goes to Neoscrypt miners. This dual mining approach ensures both strong security and wide distribution of CHI throughout the network.

Understanding CHI Burn and its Applications

A CHI burn refers to the act of sending coins to an unspendable output. In the context of XAYA's Taurion game, the in-game currency (cubits) can only be obtained by burning CHI. This mechanism enhances the scarcity and value of cubits within the game ecosystem.

Meet the Visionary Founders of XAYA

XAYA was founded by a talented team of individuals including Andrew Colosimo, Daniel Kraft, Konstantin Gorskov, Sebastian de Gruiter, and Ryan Smyth. Andrew Colosimo, a prominent contributor to Namecoin development, is also credited with creating the world's first blockchain game, Huntercoin. Meanwhile, Daniel Kraft, a mathematician and former Google engineer, actively contributes to the Bitcoin Core code on GitHub.

The Robust Security of XAYA's CHI Network

The XAYA CHI network achieves high levels of security through its triple-purpose mining technique. It combines merge mined SHA-256d with Bitcoin and a variant of Neoscrypt, resulting in robust security measures and widespread distribution of CHI coins to the community. This dual algorithm mining approach enhances the network's resilience against stalling and other potential threats.