Written by Marlon

On March 25, 2020

What is Proton (XPR)?

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

Proton provides a secure, verified identity account that is integrated with a financial settlement layer that allows users to directly link this identity with fiat accounts, pull funds and buy crypto, and use that crypto seamlessly in apps, all without sending any of the user’s private, sensitive information.

Proton removes the concept of sharing private keys directly with merchants, instead of creating a permission-less layer that exists on top of traditional card networks and banks. The user maintains the private key in confidence while permitting institutions who wish to authenticate the user to check with trusted institutions via public keys. The verification from the trusted institution will confirm the user’s identity without revealing the user’s associated private key.

Revolutionary wallet experience

After a quick, free login, the consumer will be presented with a wallet that combines the best elements of Metal and Lynx. There will be 26 crypto currencies available, including BTC, ETH and LTC. And there will be one new one: Proton (XPR).

Proton is planned to be traded on all the major exchanges. It will be the currency for Proton Chain, a new DPoS chain that starts with Lynx and adds an entirely new identity layer.

Proton will also be traded on the soon to be launched Metal X, a new international cryptocurrency exchange that is planned to be directly integrated into the Metal Pay wallet. Consumers will be able to easily buy app tokens in wallet, and to swap them for other crypto currencies as well as fiat. Convenience is everything.

Other Proton articles:

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