Bringing web3 and decentralization to the masses, Exa Protocol, introduced its visionary approach to change the Web3 landscape with the inaugural edition of ExaConf 2024. Building upon the core principles of pseudonymity, security, and decentralization, Exa Protocol aims to empower users and redefine the future of Web3.
The vision of Exa Protocol is simple: Bring back true decentralization in Web3 and hand it over to the average consumer. Shifting the landscape from a PC-first approach to that of a Mobile-First one.
Today the barriers to entry in terms of Web3 network participation are Computing Power and Monetary investment. Becoming a network validator is out of reach for retail users. Either they would require a Mining Farm or substantial investment in Digital Assets to support a validator network.
Exa Protocol enables a smartphone to operate as a full working Node and will enable users to simply support the network with a simple click and zero technical skills.
At ExaConf 2024, Exa Protocol introduced its three revolutionary offerings:
- Exa Drive (Mobile-first DFS): A pioneering distributed file storage system leveraging mobile devices to create a more accessible and decentralized web. All this via the Exa Drive mobile app.
- XAP (ERC-20 Token): The native token of the Exa Protocol ecosystem. Xap serves multiple use cases for network participation. Incentivizing node runners with rewards in XAP and allowing users to access storage on the Exa network.
- Darwin (Mobile-first Layer 1 Blockchain): As a Layer-1 solution, Darwin is evolutionary and mutates to increase the TPS (transactions per second) of the chain as more nodes join the network/
ExaConf 2024 includes everything that users need to learn in-depth about Exa Protocol shipping today and shortly with keynote presentations & live demos from Saurabh Singh & Arpan Garg, Co-Founders of Exa Protocol
Exa Protocol aims to tap into the limitless storage game by enhancing its security. While file storage would bring security concerns in the minds of the users, Exa Protocol has that sorted through multiple ways.
“The user who is sending the file for upload on the Exa network is encrypting the file using AES-256 encryption. Then the file is sent to the nearest Caching Server. The Caching Server then checks the file integrity and uses Proof of Space and Time (PoST) to verify the file integrity in the future. This file is broken down into shards and each shard is sent to different mobile devices across the network” Arpan Garg, Co-Founder, Exa Protocol
Exa Protocol announced the launch of its native token XAP, an integral component of its ecosystem, set to launch on various exchanges soon. This token rewards network participants and grants access to storage within the Exa network.
“Our app compensates the user through our token called XAP with a limited supply of 1 Billion. Users who provide storage and transfer data on request are compensated through this token. You can also use the token to use the storage on the Exa network” Saurabh Singh, Co-Founder, Exa Protocol
While the Web2 ecosystem witnessed computers going from room-sized giants in the past to fitting all the computing power in our pocket in current times; the opposite has happened in Web3. Mining went from a simple PC with a GPU in the early days to now having commercial mining farms. Exa Protocol wants to bring the right change by harnessing the full potential of the smartphone as a Node.
Looking ahead, Exa Protocol is ready to bring a massive change in Web3 with the upcoming releases of ExaDrive in Q4 2024 and Darwin in Q2 2025.
By prioritizing user inclusion and fostering a mobile-first ecosystem, Exa Protocol aims to lead the charge toward a more decentralized and accessible Web3 ecosystem.
For more information about Exa Protocol and its groundbreaking initiatives, please visit https://www.exaprotocol.com/
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Dan Burgin
U.Today Editorial Team
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