We’ve launched The XAR Network public chain as an innovation sandbox for cutting edge DeFi (Decentralized Finance) product offerings. Built in collaboration with the Fantom Foundation on Fantom’s consensus via Lachesis and the TxFlow protocol, the network delivers fast responsiveness and high transactional throughput. This base layer of the stack is all built on XAR Network’s bespoke chain to ensure financial institutions have the functionality to provide compliant issuance and wallet controls. As a result, XAR Network achieves unparalleled processing-efficient performance (offering full transacting finality in less than 1 second), data bloat is reduced, security in a public ledger is increased, and superior smart contracting features can be implemented.
Running a XAR Network Node
If you would like to participate in The XAR Network as a validator, or setup your own custom chain, we recommend you start at our GitHub page on https://github.com/xar-network/xar-network.
We’ve published the libraries for you to download and setup your own node to join our existing Public Chain (just ensure that you have the minimum required CSDT staking tokens to run a node), and within this are the necessary files to configure your node with a newly generated genesis block to start your own custom chain. All released work on GitHub is done so under the MIT license.
We look forward to see what you come up with!
Staking on The XAR Network
Those of you that want to help The XAR Network through staking on existing validator nodes should visit our CSDT (Collateralised Staking Debt Token) staking application on https://csdt.xar.network. Here you will be able to collateralise your BTC, ETH, BNB and FTM tokens that you can issue CSDTs against which is what The XAR Network nodes stake with and earn staking rewards on. Once you have CSDTs you can delegate your tokens (by transferring them to the XAR wallet address of the node that you wish to help stake on), and start earning your share of staking rewards. For more information on how The XAR Network Staking model works, and why we use CSDTs to stake, visit our XAR Network Staking Explained blog on https://www.blog.xar.network/xar-network-staking-explained.
Developing with The XAR Network
Developers that want to build innovative DeFi applications that run on The XAR Network’s blockchain technology can take advantage of the DeFi functions that have been built into the public chain to create new and exciting products. The most notable functions are:
- Auctions
- Loans
- Collateralized Tokens
- Escrow (Deposit, Future, Lock based)
- Token Issuance
- Interest bearing token issuance
- Non Fungible Token collection creation
- Proof of Existence
- Protocol level atomic swaps
For more detail on how you can develop with The XAR Network’s blockchain technology, download the technical overview from https://xar.network/xar-defi-chain-modules.pdf.
Building Commercial Applications with XAR Network
The XAR Network blockchain technology is open sourced and available for anyone to use – whether you just want to deploy an application on top of the public chain, or use the chain technology to launch your own custom chain.
For commercial support and access to the proprietary products we develop, please reach out to XAR Network Enterprise directly. If you aren’t sure whether you need to be working on The XAR Network public chain or a custom chain, you can download our handy guide to chain authority configurations from https://xar.network/xar-chain-authority-options.pdf. Some examples of commercial financial applications that can be deployed using the technology are:
Coins for Open Finance
- Increases the Bank’s FIAT Deposits (Liquidity) by attracting customer funds
- Offer customers’ new utility on funds (Transacting)
- Provides new savings products (Fixed Term / Call Accounts)
- Application for Securitisation (Collateralisation)
- Readiness for Central Bank Digital currencies
- Commercial Bank Stable Tokens
- Commercial Bank money as well as Coin and Note on and off-ramp to CBDC
Tokenised Markets for Investment Banks
- Primary Debt & Equity Markets
- Issuance, Book Building, Auction, Interest Payment, and Term Renegotiations)
- Secondary Debt & Equity Spot Markets
- Alternative Token Markets
- Gold, Silver, Platinum, Diamonds, Oil, and more
- Tokenised P2P Synthetic Futures
- No exportation of value, capital flight, or BoP requirements
- Forex Futures (Hedging / Cover) Markets
- Global Shares and/or Commodity Futures Markets
- Carbon Credit / Green Energy Futures Markets
- Equity Future Markets
Digital Currency for Central Banks
- Net Interbank Settlements
- Treasury Notes, Bills and Bonds Management
- Foreign Stable Token Exchange
- B2B Cross Border Payments
- Mass Market Digital Currency
- Remittance of Social Grants
XAR Network Enterprise specialises in developing the above on customised chains for Central and Commercial Banks that want to explore regulatory compliant blockchain products and applications. If you would like assistance on any of these, please reach out to us on enterprise@xar.network for more information.
For more information on Fantom visit https://fantom.foundation. Fantom is a distributed ledger technology stack. At its foundation, it is a DAG-based distributed ledger incorporating new methods of scalability, combined with a high-performance virtual machine and safe, secure smart contract execution.
To begin building your own blockchains using Fantom’s technology, head over to Fantom’s website https://fantom.foundation/developers/ where you can find all their developer resources.
– Photo by monsitj on Adobe Stock
– Photo by starline on Freepik