What is a KXCO?
The KXCO Armature is a proprietary blockchain that was developed to handle complex financial transactions and is using a proof-of-Authority validation concept. The KXCO Armature was built with KYC, AML, and Banking regulations in mind with a focus on the speed of transactions. KXCO offers the following features:
Validation of on-chain activity within the Armature is done through permissioned and pre-approved validators that are being given the role of authorizing the transactions. POA is a modified form of PoS where instead of staking with a monetary value, a validator’s identity performs the role of stake.
An extensive amount of work is required to set up a sidechain because infrastructure must be created from scratch. KXCO’s technology automatically makes the sidechain when a new coin pair is added to the chain. Chains can then be separated, isolated, and enhanced for specific functions.
The idea is to use a sidechain for each bank/client. Each sidechain can be bridged to one another and as such communicate with each other without having access to each other and can be developed individually.
The KXCO Chain was built with KYC, AML as well as Financial regulation and official reporting in mind.
Transaction per second reaches up to 700,000 TPS. In comparison, Solana reaches 55,000 TPS and Bitcoin 7 TPS.
KXCO was built with the ability to provide full traceability and transparency to allow for quick and easy transactions and settlements.