XPLA, a blockchain mainnet originally built by Com2Us, is a universal gaming and entertainment hub for all media content.
This article examines the XPLA blockchain, its features, and how it works while exploring its ecosystem and benefits.
What Is XPLA?
Xpla is an open-source blockchain that hosts a dynamic ecosystem of decentralized applications (dApps) and high-quality developer tools. It is constructed on Tendermint, a well-known blockchain engine that utilizes Byzantine Fault Tolerant (BFT) consensus to safeguard against double-spend attacks and tolerate up to one-third of the network being malicious. With the aid of IBC and COSMOS SDK, Xpla can easily connect with a range of other chains and is developer-friendly.
Using proof-of-stake consensus, Ethereum Virtual Machine (EVM) compatibility, Xpla SDK for game developers, and Xpla wallet provides users with a wide range of experiences in De-Fi and Play-to-Own (P2O) gaming and encourages Web2 users to transition to the Web3 space.
How Does XPLA Work?
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Game-Specific. This pertains to providing the required technical assistance and software development kit (SDK) to support the shift from Web2 to Web3 in games.
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Inter-Chain. The services offered are designed to be scalable, with an EVM compatibility module on Tendermint.
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Expand to the Web3 user base. Deploying your projects on XPLA enables easy expansion of your Web2 user base to Web3.
What Is XPLA Token?
XPLA is the XPLA Chain’s native staking token. XPLA is used for governance and staking.
Everstake is one of the XPLA validators. Thus, it is possible to delegate XPLA to Everstake. Here is a complete guide on how to stake XPLA using the XPLA Vault Wallet.
XPLA can be purchased from a centralized (CEX) or decentralized (DEX) cryptocurrency exchange via specific cryptocurrency wallets. Generally, individuals opt for CEXs when buying XPLA. Still, it is essential to note that many exchanges will require users to create an account and complete identity verification before allowing them to purchase XPLA. Some cryptocurrency exchanges that currently facilitate XPLA trading are Gate.io, BitMart, Bithumb, and Huobi Global.
The XPLA Ecosystem
Tools
- XPLA Explorer & XPLA Finder
XPLA Explorer is a search engine that can trace any on-chain information, including your data. It comes with a variety of features that you can use to trace a specific transaction or the balance of an account.
Also, you could use an XPLA Finder to search a specific transaction, block, or account.
Wallets
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XPLA Vault
XPLA Vault is the standard wallet for XPLA, where users can manage their XPLA tokens or other tokens on the XPLA blockchain.
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C2X Vault
C2X Vault is a wallet for the C2X gaming platform that will soon run on XPLA’s network once the migration is complete for individual games.
XPLA Games (ex-C2X Platform)
C2X was built as an ‘open platform’ that game providers can quickly adopt to use blockchain technology in their games.
C2X is now rebranded as XPLA GAMES to get a boost as a gaming platform where all kinds of Web3 gaming could be onboard. XPLA GAMES plans to build a platform specializing in Web3 gaming and integrate it into the XPLA Universe.
Conclusion
XPLA is set on enhancing its scalability by providing various services to users of other blockchain mainnets, including Ethereum (via Wormhole). It plans to expand its partnership network to encompass Web3, NFT, and more niches.
Read more about How to stake XPLA via XPLA Vault Wallet.
Join us on Discord to chat about all things staking and Web3. In case of any queries, you can always reach out to our XPLA Blockchain Manager on Twitter.
