XPR Network & Ecosystem

XPR Network is a new public blockchain and smart contract platform designed for both consumer applications and peer-to-peer payments. It is built around a secure identity and financial settlements layer that allows users to directly link their real identity and fiat accounts, pull funds and buy cryptocurrency, and use that cryptocurrency seamlessly in apps and other environments.

XPR Network was created to bridge the gap between traditional finance (TradFi) and DeFi, creating a way for blockchains to interact directly with bank accounts, vendors, merchants, and everywhere in between. Built to be fast and free, XPR Network imagines a world where push transactions minimize the risk for fraud, where currencies move freely between accounts, and where the type of money being used for a purchase is inconsequential.

Instant and free transactions

The XPR Network can currently handle 4,000 transactions per second (TPS). This is one of the faster-performing blockchains currently available, and allows the different types of transactions possible on Proton to happen simultaneously. From rapid microtransactions, to focused authorizing requests, XPR Network’s TPS expands its potential use cases.

Transactions for end-users are always free. XPR Network doesn't have miner or gas fees, validators get rewarded in XPR for validating transactions.

Universal names

PXPR Network uses a system of human-readable @names in place of confusing wallet addresses to make everyday use of XPR Network products easier. An @name is a unique namespace that works across multiple payment providers, identity verifiers, and payment transmitters. Gone are the days of entering your bank password or credit card number online; crypto and fiat wallets alike now interact as one network through the integration of the XPR Network.

Beyond being an applications platform with a unified identity model, the new XPR Network was designed to allow websites and apps to push payment requests directly to XPR Network-compliant wallets. As a result, users can leverage their unique @name when doing any type of transaction, eliminating the need to memorize or carefully copy wallet addresses that are complex and prone to mistakes.

XPR Network ecosystem overview

Below we give an overview of Dapps and apps we build on the XPR Network.

WebAuth Wallet

Webauth is the new industry standard for device authentication, identity management, payment processing, and cryptocurrency transactions for Web 3.0. With WebAuth.com, you can approve transactions, make crypto payments, link your decentralized identity, verify/add/remove access for all logins, and reject impersonation attempts through the use of your smartphone – similar to how Google Authenticator and other popular 2FA platforms work, except with a higher bar for security utilizing PSR (Push Signing Request) over OTP (one-time passwords) that can easily be phished.

Webauth is available on Android, iOS and web.

Check out our blog post on WebAuth.com here.

Metal X

Metal X offers users the ability to trade all available cryptocurrencies on the exchange, with features commonly found on most CEXs such as an Orderbook, multiple order types (Limit, Market, Stop Loss, Take Profit), and integrated trading view charts. Users can also manage their orders by viewing or cancelling active orders and checking their order history.

Moreover, Metal X allows for instant swapping of XPR Network-based tokens between users, as well as converting supported tokens from different blockchains to XPR Network-based tokens and vice versa.

Metal X also offers incentives for XPR holders and liquidity providers through its Swap feature. Additionally, users can earn variable APY by providing liquidity to various X-token pairings through yield farming.

Lending on Metal X

Metal X has a new decentralized lending market built on the XPR Network. Utilizing the cross-chain capabilities of XPR Network wrapped xTokens, Metal X opens up a new possibility for borrowing and lending against multiple blockchains that were not previously accessible on Ethereum or other blockchain protocols.

As always, because this is built on the XPR Network, there are no gas fees for Metal X.

By using a system of smart contracts powered by the XPR Network, users can request and fulfill loans using cryptocurrency without the need for a central mediator and without regard for the parent blockchain protocol of the requested asset.

XPR Network Market

Powered by the XPR Network, XPR Network Market allows NFTs to be bought and sold for fees as low as just a few cents – a radical change from the gas fees ranging from $50 to $200 paid on competing NFT marketplaces. Additionally, because the XPR Network is one of the fastest in the world, the NFTs you purchase arrive in your account instantaneously.

With XPR Network Market being open source, you can integrate it directly into your own website free of charge. This avoids sending your visitors to another website to purchase your NFTs, eliminating the potential for losing visitors and lowering the barriers between them and your creations. Have merchandise you’d like to sell? Want to offer exclusive images, videos, or audio files to your fans? Sell them an NFT of your creations and ensure they feel more connected to you than ever before.