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Cryptocurrency godfather David Chaum: xx network is the leader of Web3 privacy



Time:8/2/2022 2:52:34 AM

According to official news, recently, David Chaum, the godfather of cryptocurrency, said that xx network is the leader of Web3 privacy. xx network was founded by David Chaum, the godfather of cryptocurrency and cryptographer. The global downloads of the centralized privacy communication tool xx messenger (xx messenger) have exceeded 400,000+. The app can be downloaded from the Apple AppStore and the Android store, and has group chat and photo, audio and other sharing functions.

According to the official introduction, xx network uses distributed network node groups for information transmission, which maximizes the protection of user information and privacy. xx messenger is the first dApp that truly protects the communication between sender and receiver, supports end-to-end encryption, and metadata will not be collected and destroyed by third parties.

The xx network provides a protected digital world through which users can share ideas and exchange value in a secure and private manner.

Other news:

The total market value of global cryptocurrencies exceeded $1.9 trillion: According to news on April 1, data from major encryption monitoring resources such as CoinGecko and CoinMarketCap showed that on March 31, the total market value of all cryptocurrencies exceeded $1.9 trillion, reaching a peak of 19,900 billion, a record high. [2021/4/1 19:37:42]

Voice | German Parliament: Cryptocurrencies such as Bitcoin are not real currencies, and it has not yet been determined whether Libra complies with German law: Golden Finance reported that according to a statement issued by the German Bundestag on October 28, cryptocurrencies such as Bitcoin are not real currencies. According to the statement, assets currently offered in the cryptocurrency space, such as Bitcoin, provide only a very limited portion of the expected functionality of traditional currencies. The statement defines the basic characteristics of money as follows: means of exchange and payment, store of value, and unit of account. The number of payments made with cryptocurrencies is limited compared to fiat currencies. According to reports, the statement was based on the German federal government's responses to questions posed by the Liberal Democrats' parliamentary group. Additionally, the statement states that stablecoins attempt to address problems caused by excessive price volatility. However, the government explained that it intends to prohibit its use. It will ensure that stablecoins do not establish themselves as a substitute for national currencies, the statement said. Finally, the government also noted that they have not yet determined whether Facebook’s Libra complies with German law. The statement said the project's white paper was not an appropriate source of information for judging the issue and that more information was needed. [2019/10/30]

Russian Businesses May Receive Cryptocurrency Loans: Rural businesses in Russia will soon be able to qualify for cryptocurrency loans to help their businesses grow better. Alexei Lazutin, president of the National Pawnbrokers Association, submitted a proposal to RUCNBCO at a recent meeting that would allow microfinance institutions to issue cryptocurrency loans after obtaining approval from the relevant authorities. "If we establish such a mechanism, it will help to attract foreign funds, thereby promoting the development of the entire Russian economy." [2018/2/21]

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