xDai Chain applications provide everyday users with fast transactions and extremely low gas prices. Since the xDai Stable Chain is Ethereum compatible, data and assets can be transferred seamlessly to the Ethereum mainnet providing backend safety and limitless opportunities to scale. This synergy between stability, speed, security and scalability opens the door for many exciting applications and new use cases.
Thanks to xDai, sending money to a friend, relative or vendor is fast, cheap and easy. It’s also stable - the value of xDai is pegged to the US dollar. Peer to peer (P2P) payments on the blockchain can replace the current expensive, slow, bank-driven processes that dominate online payment systems today. It’s already happening - click on the case studies to see xDai P2P in action.
Burner Wallet provides a quick and simple interface for carrying and exchanging small amounts of spending crypto using a mobile browser.
A stable coin launched by Maker that collateralizes Ethereum to maintain a consistent $1 valuation for each circulating stable coin.
When transaction fees and speeds are a known quantity, developers can plan and execute accordingly. A responsive UX, micropayments, and predictable cross-chain interactions are all possible within a stable ecosystem.
The xDai token is pegged to Dai, providing a stable asset for all smart contract interactions. Fixed fees mean 1000s of transactions can be performed for less than $1.
xDai’s primary use case is peer-to-peer payments. Just as with cash, privacy should be an option when exchanging money or paying vendors for services. It doesn't matter if you are sending money to a relative or your local butcher, you should have the freedom to choose for any transaction to remain anonymous.
The xDai Privacy Fund is a development grant provided by the xDai team for implementing Zero Knowledge proofs into xDai based applications. To date, the xDai Privacy Fund has awarded $40,000 to xDai based projects actively implementing anonymous transactions and advanced privacy features into their wallet applications.
Poketto is an xDai mobile wallet designed with simplicity in mind. Using Poketto, users can pay for everyday items and send money to friends using the xDai Stable Chain. Once the AZTEC protocol implementation is complete, Poketto will provide private and secure transaction options for users.More Info
Zero-knowledge (zk) proofs allow users to send private blockchain transactions. By integrating zk protocols into existing wallet functionality, transactions can be validated while remaining encrypted and completely anonymous.
Tornado.cash is a mixer currently deployed on Ethereum mainnet. Using Tornado, users can send and receive ETH 100% privately and anonymously. Tornado are working on deploying the mixer to xDai Stable Chain, and with it users of will be able to send and receive xDai 100% anonymously.More Info
The Tornado mixer has already been received with great acclaim by the Ethereum community. By deploying Tornado to xDai Stable Chain, users will be able to send and receive xDai in a completely private manner.
xDai Stable Chain brings delegated Proof of Stake (DPOS) to Ethereum. The white paper describes all aspects of this new consensus protocol, called POSDAO consensus, including a complete overview of the theory, rationale, security, and a detailed implementation section. This is the xDai Stable Chain operator’s manual - download now to learn how it works and why we need it!
A stable coin provides peace of mind. Predictable currencies allow buyers and sellers to exchange value without the risks of volatility. In the xDai Stable Chain implementation, transactions are conducted using xDai, a stable coin pegged one-to-one with Dai. Because transactions occur on a bridged sidechain, they are extremely fast and inexpensive.
Two bridges connect xDai Stable Chain to the Ethereum mainnet, supporting seamless two-way asset transfer between chains. Tokens are acquired on the mainnet, then bridged to the xDai Stable Chain sidechain using either the Dai-xDai bridge for transactional tokens, or the DPOS bridge for staking tokens. Once a user is finished transacting or staking, tokens can be bridged back to the mainnet with ease.
xDai Stable Chain is natively supported by multiple wallets and services. Thanks to these wallets, it’s simple to store, make purchases, and to interact with smart contracts. Multiple wallets cater to different user groups including developers, consumers and hodlers. Check out the growing list of services and freely available wallets below.
The xDai Stable Chain explorer is built right into BlockScout, an open-source Ethereum block explorer. In addition to viewing xDai Stable Chain blocks and transactions, this tool features an intuitive interface for staking directly from the browser! The explorer makes it easy to delegate tokens to different validators, move, deposit or withdraw stake, or even declare validator candidacy. A transparent leaderboard provides a wealth of information on current and inactive validator sets.
POA Network is creating the framework for a new multichain staking mechanism. This original concept will establish the STAKE token ($STAKE) as a primary staking token available for use on numerous networks. The initial STAKE deployment will occur on the xDai Stable Chain. As additional stake-based chains and networks are configured and launched, the STAKE token will be transferable via the TokenBridge, providing users the opportunity to place STAKE token stakes across multiple networks.Legal Opinion Private Round Form
POA Network’s journey to solve many of today's existing blockchain fundamental issues - increasing scalability while combining speed, security, and cost efficiency - has been covered by various media establishments. Check out some of our latest updates.
xDai Stable Chain is natively supported by multiple wallets and services. Thanks to these wallets, it’s simple to store, make purchases...Find out more
In our recent history of xDai 2 post, we discussed the origins of the xDai Stable Chain. When it began, xDai was highly centralized...Find out more