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About Wrapped X42 Protocol
wx42 is the wrapped version of x42 Protocol.
x42 Protocol is a decentralized proof-of-stake cryptocurrency that supports decentralized applications (DApps) in a feeless environment.
The main advantage of x42 is the ability to host applications and launch them in a feeless environment with a demonstrated history of secure and focused development.
Listed below are some of the features already implemented on the network:
- A fully decentralized price lock system that pairs x42 with your chosen fiat currency for a set amount of time, allowing anyone to make payments without guessing how much to send in crypto.
- A decentralized server network not dependent on any authority, ensuring all nodes follow the same rules and have the same power over the blockchain.
- A feeless cryptocurrency that transfers almost instantly from wallet to wallet.
In the next few months, we will fully implement the following:
- The ability to decentralize DApps by allowing anyone hosting a T1 or above xServer client to participate (95% complete).
- Decentralized DNS (90% complete) – A fully decentralized domain naming service on a blockchain, giving users control over their piece of the network.
- Full WordPress DApp client (90% complete, failovers still in progress) – Allows hosting websites on a censorship-proof server network, ideal for journalists, whistle-blowers, or anyone who wants their opinion to be heard.
- Price lock system migration from exchange APIs to CoinGecko (over 90% complete) – Automates crypto-to-fiat conversion, eliminating manual calculations.
- Multisig escrow payments for various services and applications (around 80% complete) – Essential for creating new DApps and services on the network.
- Migrating all clients to MongoDB (50% complete) – Backend upgrades for improved performance.
- Completing the DApp store (new interface about 50% done; Opencart, Magento, and OpenProject DApps are still in progress) – A user-friendly interface within xCore to launch all x42-related applications.
Additional DApps and software implementations are planned. We can now disclose a mini-game that will allow users to play with their x42 tokens to win more in-game.
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