XAYA (CHI): Fully Decentralized Game Universes

tl;drXaya is a blockchain-based platform for developing games and decentralized applications (DApps). This cryptocurrency is based on a blockchain that is secured by proof-of-work or PoW. Xaya’s native currency is named CHI and this protocol addresses blockchains’ scalability issues for both performance and computational complexity. Financially speaking, Xays’s market cap rank had been almost constant over the last five months, fluctuating around 1000 before the beginning of November. However, it started an upward trend from November 6, leading to the rank of 791 when writing this post on 11/12/2021.
XAYA (CHI): Fully Decentralized Game Universes
XAYA (CHI): Fully Decentralized Game Universes
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Introduction

Xaya is a platform based on blockchain for developing games and decentralized applications (DApps) that are decentralized, serverless, trustless, and permissionless. Xaya’s native currency is called CHI. Xaya is developed to address blockchains’ scalability issues for both performance and computational complexity. 

Xaya blockchain can manage complex and appealing game worlds and through the democratization of game development and deployment, Xaya secures and simplifies the ownership, sharing, and trade of virtual assets. This platform enables developers to bring their vision to life with significantly reduced costs. Moreover, it will provide many tools and infrastructure for game developers to build their own blockchain-based games. It is possible for the developers to leverage the Xaya technology to issue their own game currency. These currencies can then be traded for “CHI” or other Xaya game coins and assets.

Besides, for gamers' profit, fully decentralized, autonomous games can be created by developers. The platform can provide 24/7 uptime for gamers.

How Does Xaya Work?

The Xaya cryptocurrency is based on a blockchain that is secured by proof-of-work or PoW. Game data and player accounts are persisted with a decentralized name/value store built directly into the blockchain. In addition, there are some unique innovations in the Xaya protocol that leads to the success of the project, which includes: 

  • Atomic transactions: It makes the trustless trading of game-specific currencies, game items, and whole game accounts possible for CHI. This enables a thriving economy on top of the XAYA platform and ensures demand for CHI.
  • Game channels: This is an extension of the payment channels in Bitcoin. It can be applied to game moves between multiple players off the blockchain and aid in scaling XAYA to its global target size. 
  • Ephemeral timestamps: The new protocol developed by Xaya ensures the occurring transaction fees can never be a loss through mixing the time-stamping property of a blockchain, amortized mining incentives, Merkle-sized hash commitments, and fraud proofs in a clever way,

In simple words, Xaya creates a bridge with other blockchains and allows developers to use Non-fungible tokens (NFTs) or other assets from any blockchain in their game. Also, developers are able to store game rules on the blockchain and make them provably fair.

Financial Analysis

Xaya (CHI) provided its investors with a 1,183% Return On Investment (ROI) over the last year, below its similar projects’ average ROI in “Polygon Ecosystem, Entertainment, Gaming, Polkadot Ecosystem” categories (1,447%).

Is Xaya (CHI) A Popular Project?

Popularity is a factor that has the potential of determining the success of an NFT project. Our data indicate that Xaya’s popularity on Twitter went up by 15% over the last five months, surpassing 16k followers. However, CHI’s Reddit subscribers stayed constant and its Telegram channel users declined by 14% during the same time frame.

The Most Critical Factors

Market cap is one of the most critical factors when financially analyzing a cryptocurrency project. Apart from a peak at the rank of 741 on July 28, 2021, Xays’s market cap rank had been almost constant over the last five months, fluctuating around 1000 before the beginning of November. However, it started an upward trend from November 6, leading to the rank of 791 when writing this post.

CHI’s price also followed a similar trend during the same period, starting to jump on October 28, reaching $0.61 on November 11. Moreover, Xaya’s liquidity score is almost equal to the cryptocurrency market’s average score, which means that you might not face that much difficulty selling it in bear markets.

You Are Saying That XAYA Is The Best Cryptocurrency To Invest In?

Deciding about including a cryptocurrency project in your investment list needs your careful attention. Aside from information about the market, no one better than you is aware of your own financial situation and preferences. Therefore, no one can advise you better than you.

At Cryptologi.st, we provide you with all the information you need to make a wise decision. By removing emotions from your decisions and freeing up your intelligence, we help you make the most out of your investment.

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