What is L1 Blockchain & How XION is built different
When people hear blockchain, they think wallets, dapps, transactions. But all of that sits on top of L1. If you understand L1, you’ll understand why most blockchains fail to reach real users and how @burnt_xion approaches this differently.
So What is Layer 1? A L1 blockchain is the base network where:
👉Transactions are processed 👉Security and consensus are enforced 👉Data is being stored permanently Bitcoin, Ethereum, Solana, Avalanche are examples of L1s. What does a L1 actually do? 1. Security & trust It makes sure transactions can’t be altered or faked. This is handled through consensus mechanisms like PoW or PoS. 2. Transaction settlement Once a transaction is through, it’s irreversible and verifiable by anyone. 3. Native economics
Each L1 has its own token. It is used for: 1. Fees 2. Network security 3. Validator incentives 4. Execution environment Smart-contract L1s let developers build apps directly on the chain like nft marketplace, dexes, wallets etc Problem with L1s Most of L1s primary focus is decentralization, scaling and secure network. Doing this, they make crypto more and more complex. Only 7% of global population understands crypto. Remaining dont even know what are smart contracts, private keys and how gas fee works. This creates a huge gap between normal people and adoption to crypto As a result brands struggle to onboard people and adoption stays limited to crypto native users. How XION does it differently👇 1. Chain abstraction XION removes the gap between crypto and people, connecting them in a way that they dont realize they are using blockchain technology 1. They dont to worry about the correct smart address 2. Managing and keeping private keys 3. They will use traditional methods like Email, Biometrics & Face ID 2. Built for brands & businesses XION is optimized for in real life usage like 1. Brands 2. Businesses 3. Mass-market users This allows companies to use blockchain without turning their users into crypto users. 3. Trust without data exposure (zkTLS) XION enables verifiable proofs without leaking data. All without collecting or exposing sensitive user information. Using zkTLS, businesses and brands can: 1. Verify their user actions 2. Prove engagement or reputation 3. Reduce fraud and bots on their platforms #blockchain #Layer1 #AbstraXION
A complete guide on @burnt_xion Ambassador program - The Trusted 100
Trusted 100 are hand picked community members that stay consistent and continuesly prove themselves through their skills They can be content writers, art designers and video creators. You can earn the Ambassador role through consistent and quality work. Only 26 have made it. 76 slots are still available
Read here 👇 burntlabs.notion.site/What-is-The-Tr…
How to Apply👇 burntlabs.notion.site/HOW-TO-JOIN-2e…
DAPY (Deep APY) that absorbs the volatility and offers 10% stable APY
Talos is launching Deep APY (DAPY) which is a consumer facing stable yeild application. It uses Delta neutral strategy and offering 10% stable apy on users deposited funds Funding rates fluctuate often which can effect the outcome. For this purpose, @talos_is is allocating some of its funds. Base line is capped at 10%. Apy below this will be compensated through treasury If APY exceeds the 10% baseline, the 75% of profit will go to the treasury where it will be use to buyback $T and for future benefits DAPY is set to launch after two months of the proposal submission which is mid of January Initial TVL of DAPY is set to be 5M$. There will be no depositing and withdrawing fee. #ARB #AI #Treasury
With the evolution of deep fake, traditional kyc is becoming meaning less.
This can lead to stolen identity and fraud.
@burnt_xion solves this problem by providing Portable Credentials
Portable credentials are records of a person that is stored onchain and cant be tampered.
A person can record all his personal information including face id and secure it on Xion chain
So if any institution is doing kyc for hiring or some centralized exchange wants to know its customer, they can choose safe route and excess that user credentials through XION
Brands like Uber, Amazon, Nike, Lego, BMW, Samsung, The North Face use @burnt_xion for Growth
XION provides three main services to these brands. Here’s how they are utilized👇
1. Trust and zk proofs:
Xion zkTLS takes data from one party and prove it to the other party without disclosing or revealing it.
Data remains confidential, while other party trusts that the data being proved to them is accurate.
For example brand like Uber get to know to a person, who uses traveling apps frequently without knowing their actual travel history.
@burnt_xion will prove to them and they try to onboard that person by making good offers
2.Abstraction:
Some brands like to store their data at a place where it is safe and cannot be lost.
Blockchain is the perfect solution but the challenge is, general public is not familiar with crypto and onboarding them is a challenge.
To make things simpler, brands use XION's abstraction to fill this gap.
XION allows public to use traditional methods (email id, face id) for onboarding, while managing wallets and transaction at the backend.
3.Dealing with bot traffic:
30% to 40% of web traffic are bots. It is hard to differentiate between a bot and real user. Ads that are meant for humans are clicked by bots.
Brands like Nike, Amazon, Samsung, BMW spend millions on advertisements. Every 30$ out of 90$ dollar is lost due to bots
XION zkTLS and App attestation services provide better reach of ads to their intended audience and eliminates the factor of bots and irrelevant traffic.
Introduction An estimated of 100$ billions are lost annually due bots, fraud and irrelevant traffic. XION solves these challenges that are faced by Major Brands through three main capabilities 1. Abstraction 2. Trust 3. Fraud countermeasures Advertisment 📢 Capital losses in digital ad fraud are expected to reach 140$ billion this year as compared to 84$ billion last year. Bots now make up 47% of internet traffic. And 1 in 5 ads are lost to a bot. In other words, if 90$ are spent on advertisement, 30$ are wasted. Ads that are meant for human, are watched by bots or irrelevant person Solution: EarnOS is built on XION, allows brands to use paid ads only to their targeted audience through App attestations and zkTLS It proves data to brands without disclosing the underlying information EarnOS is already working with 100+ Global brands like Uber, Amazon, Lego with over 68M interactions and 5M+ verified users Recruitment Agencies 💼 Have you ever lied in your resume?🤔 When you apply for a job, you provide all the correct info? Data suggests that 70% of the applicants lie in their resume. And by 2028, 25% of the applicants will be fake. Solution: XION introduces Portable credentials to tackle this. Portable credentials are records of a person that is stored onchain and cant be tampered.
Gaming 🎮 Gaming is 200$ billion industry with 3 Billion users with 50$ Billions generated in revenue annually. You must have encountered someone using hacks, aimbots or unlimited life that ruins the game and ruins the vibe. And sometimes you never actually play that game again. Data suggests that 29% players quite that game ,if not they are less likely to purchase in game goods. Solution: God’s Legacy, BlockX, Tilt are some XION ecosystem apps that are currently working on improving the user experience and eliminate bots and cheaters from entering the game #AbstractChain #ZK #zkTLS #TrustLayer #Privacy
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