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1 We - the team of developers of the project PORNX, were interested in the introduction of blockchain technologies in everyday life. Some areas are already occupied by interesting projects, but in the porn industry, nobody has implemented blockchain technology. We set ourselves a very serious and interesting task. The combination of two major sectors of the economy porn industry and cryptocurrency.
2 Currency for payment on porn sites. PORNX is created as a decentralized ERC20 sign on the Ethereum, which will be used to pay pornographic content around the world using Lightning Network technology. Unlike today's payment solutions for cryptocurrency, PORNX will not be used in the usual Ethereum environment, where commissars charge a transaction confirmation fee. PORNX - will be implemented in the Lightning Network, which will reduce the commission fee for the transaction and make the payment lightning-fast, comparable to Visa / MasterCard, while remaining anonymous and secure. PORNX is a custom application token It has a cash equivalent and can be exchanged at any time in the mobile application X Wall Wallet. PORNX is designed to be used as the only digital cryptocurrency for paying pornographic content around the world.
3 Mobile app for purchases using QR code. The Mobile X-Wall application will be compatible with Google Market and the Apple Store.The application is designed with the ability to store up to 40 popular currencies. In the future this figure will be more than 100 currencies. Payment for fast purchases on the Internet through QR code, and using for payment TOP-40 cryptocurrency. Storage of new tokens, released on the basis of the ERC-20 protocol. In the future, it is possible to store new tokens released on NEM, XLM, NXT, EOS, NEO, Waves.
4 Payment system X-Q Pay on the basis of Lightning Network protocol for payment of cryptocurrency for pornographic sites All transactions when paying by PORNX will occur in the payment system X-Q Pay, which implies confidentiality of payments, anonymity, security. And the minimum commission in the decentralized network of Lightning Network. The innovation of the X-Q Pay network is the acceleration of cryptocurrency payments without transferring ownership rights to third parties, as well as the consolidation of various cryptocurrencies into a single network with border points in the form of decentralized exchanges. The difference between the X-Q Pay payment system based on the Lightning network from networks such as Visa and MasterCard is that anyone who wants a site to sell porn content can join it. This feature of «openness» is achieved through the use of smart contracts. It should also be noted that in the X-Q Pay payment system based on the algorithms of the Lightning Network, algorithms similar to the Tor network are constructed the way that recipient and sender of payment are not known to the hosts. Lightning Network is a network of two-way payment channels that allows you to make many transactions without writing each of them to a block, that is, for exchanging the cryptocurrency outside the lock. The network is distributed, decentralized and built on the principle of a networked network.
5 One of the disadvantages is that it can only operate with criptocurrencies, over which the Lightning Network is built Lightning Network layer Decentralized computer layer Bitcoin complete node Ethereum complete node Way of payment Lightning Network node Send Receive Decentralized Lightning Network stock exchange This eliminates the problem of censoring transactions and violating the privacy of users, and also exclude the existence of a single point of failure. One of the defining features of the Lightning network is the ability to send currency to any member of the network through a chain of payment channels open between users, building a route from the recipient to the sender. Companies where our employees worked Martin Benson CEO, CTO, Co-founder Damian Lerner COO, CFO, Co-founder Katrin Markhel CMO For more information, see Our WhitePapper
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