Prime-XI is pronounced Prime eleven. Prime-XI is an open source, global payment network that is fully decentralized without any central authorities. Prime-XI deterred pump and dumps, avoiding exchanges for the first 45 days to secure it as a long term currency, and to advance its networks globally. Prime-XI is now on trading exchanges, and is focusing on developing new innovations. Prime-XI's mission is to attract a worldwide adoption to a creditworthy, fair, long term, advancing driven currency.
Prime-XI is asic resistant, resistant to cryptanalytic attacks, resistant to generic second-preimage attacks, secure against black-box attacks, and uses a secure chain hashing method using 11 multiple algorithms. Sophisticated, optimized and efficient. Less waiting and worrying, with instant confirmations and transactions x10 faster than Bitcoin. With the overall best software and hardware performance.
A single hashing algorithm poses a security risk because if it is compromised, the whole network is forever compromised. Multiple hashing algorithms enhance the security of the network by not only mitigating that risk, but also by adding an additional layers of complexity for any attacker to penetrate. With additional layers of protection, makes Prime-XI a valid a clear choice. X11 is proof of work algorithm that uses 11 different hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo). Besides the strong security, another advantage of X11 chain hashing is that GPUs run at about 30% less wattage and 30 to 50% cooler. Anyone can mine effectively, with minimal resource consumption and nuisance.
This currency was designed to provide a safe and faster way of doing business. Prime-XI is expanding to all languages English, Chinese, German, Spanish, Russian, and other languages to have a globally vibrant strong community.