Xenio runs on a dedicated, game-optimized blockchain. While smaller gaming projects are trying to piggyback their game stores on an ERC20 token on the generic Ethereum block-chain, their data is mixed together with a jumble of completely unrelated information. Although the Xenio code was initially forked from the Ethereum codebase, we have used our own blockchain from day one. This gives us complete control over network consensus speed, coin mining algorithms, and smart contract syntax, allowing us to optimize the system for gaming.
The Xenio blockchain uses a dual-block system.
two Block Types
- — Primary blocks, where game and token state is stored, are fast classic Proof-of-Stake blocks that allow anyone to participate in mining simply by leaving the Xenio client connected.
- — Superblocks are mined at 20-minute intervals under our novel Proof-of-Networking protocol, which rewards game servers for providing services to the network.
Xenio’s utilizes Masternodes for mining the superblocks, allowing server operators to mine the blockchain’s native Xenio coins in a way similar to the method employed by the popular cryptocurrency Dash. Masternodes are rewarded proportionally to the number of users connected to their nodes and the amount of XNO they have staked to that server.
Only servers that have both connected users and staked coins participate in the reward system, so servers that do not contribute to the network by serving games are excluded from the reward. By staking a minimum number of coins, any server operator can contribute to the Xenio ecosystem by serving games and stabilizing the underlying currency at the same time.