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Private. Instant. Zero-fees.

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Page 1: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Private. Instant. Zero-fees.

Page 2: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Purpose

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Tixl is a new cryptocurrency that allows private, instant and zero-fee transactions.

Page 3: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Problem

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None of the popular cryptocurrencies allows private, instant and zero-fee transactions at the same time.

◂ But why is that a problem?◂ In a world heading more and more towards digital currencies, we must secure that the

essential properties of traditional money preserve. Nobody, neither governments or companies nor private people want the public to be able to look into their monetary transactions.

◂ All users of a digital currency wish to pay as low fees as possible, the higher the fee, the lower the potential for widespread usage.

◂ If a future currency is slow in terms of transaction speed, it’s not a future currency.

Page 4: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Solution

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We use the most sophisticated technologies emerged from the blockchain world of the past years.

◂ A Directed Acyclic Graph (DAG) data structure together with the Stellar Consensus Protocol (SCP) to support fast transactions.

◂ Zero-knowledge proofs with a commitment scheme to enable confidential transactions.◂ Confidential transactions because they are superior to other approaches such as coin mixing

services, CoinJoin or Mimblewimble. ◂ Quantum secure cryptosystems (NTRU + XMSS) to ensure that transactions stay private.

Page 5: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Why Now?

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“I believe we should consider the possibility to issue digital currency.” Christine Lagarde, Managing Director, IMF, 2018

Please ask yourself: Do you you want states or central banks to issue and control future digital currencies? ◂ We believe a monetary ledger should neither be public nor controlled by a company, state or

central bank.◂ We believe in decentralized currencies as the best solution for the monetary system of the

future. That’s why we use the best technologies emerged from the past few years of crypto assets to create a superior payment solution now.

Page 6: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Market Size

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◂ Privacy coins:

$3.32BSECTOR MARKET CAP

$687.95MSECTOR VOLUME (24H)

1.79%SECTOR DOMINANCE

◂ Cryptocurrencies:

$184BGLOBAL MARKET CAP

$50.59BGLOBAL VOLUME (24H)

55.3%BITCOIN DOMINANCE

Data collected on May 6, 2019

Page 7: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

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Competition

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◂ Data structure Blockchain Blockchain Blockchain Blockchain Block-lattice (DAG)◂ Privacy CoinJoin Confidential TX zk-SNARKs MimbleWimble Confidential TX◂ TX speed ~15 min ~20 min ~15 min > 1 min ~ 1-5 sec◂ TX fees $0.0084 $0.0197 $0.00000432 > $0 Zero-fees◂ Market cap $1,050 M $1,130 M $385 M < $30 M n/a◂ Volume (24h) $285 M $45 M $225 M < $20 M n/a

◂ Competitive advantages◂ Dash: The implementation of CoinJoin is not very decentralized at all. If a single entity can control or spy on a portion of Dash’s master

nodes, it’s entirely possible to reverse engineer transactions to reveal origin and destination details.◂ Monero: Monero has problems regarding transaction speed, scalability, and the rather high fees.◂ Zcash: Scalability will remain a major pain point for Zcash in the near future. ◂ MimbleWimble: When MW transactions are published to the unconfirmed transaction (TX) pool, the TX inputs and outputs are still visible.

It’s possible and probably easy for anyone to keep recording all the transactions from the unconfirmed transaction pool. This data could be used to build detailed transaction graphs of the network.

Zcash Grin & BEAM

Page 8: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Product

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◂ Balances are always private, encrypted and stored on unassignable stealth-chains.◂ We achieve instant and zero-fee transactions by using a DAG data-structure. ◂ We use NTRU (encryption) and XMSS (signatures) to be prepared for the advent of

quantum computers.◂ We use a consensus protocol that makes energy-wasting mining obsolete.

Private by defaulttransactions

Instanttransactions

Zero-feetransactions

Quantum resistanttransactions

Mining freetransactions

Page 9: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Roadmap

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January 2018 Q4 / 2020

Cryptographic concept

Tixl concept

Legal preparation

Founding Tixl gGmbH

Airdrop

Website launch www.tixl.me

Implementing the quantum secure ledger data structure

Consensus algorithm

Partnerships with Banks & Payment Providers

AmaZix Audit

Public BetaRelease Tixl Mainnet & Token-Swap

Prototype

Token sale in 5 phases (Tixl Token: MTXLT)

Page 10: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Business Model

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Since Tixl is a cryptocurrency, we don’t have a traditional business model. We as the founders of Tixl will own 5% of the total supply of our currency. If the value of our currency increases, we will profit. Our tokens are vested, thus we are interested in a long-term performance.

In short: Tixl’s business model is the same as Bitcoin’s, just without mining.

Page 11: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Christian EichingerManaging DirectorM.Sc. in Engineering: Software Engineering Leadership10 year programming experienceFounder elbstack GmbH (2015) & Tixl gGmbH (2019)

Sebastian GronewoldManaging DirectorM.Sc. in Engineering: Software Engineering Leadership10 year programming experienceFounder elbstack GmbH (2015) & Tixl gGmbH (2019)

Executive Leaders

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Christopher OberederChief Marketing Officer (CMO)Forbes 30 under 30 member and one of the leading growth hackers worldwideCMO of the mobile portfolio management app Coin Stats with over 600,000 active portfolios tracked worldwide

Leon SzeliChief EvangelistM.Sc. Consumer Affairs: Technology & InnovationResearcher at Stanford UniversityResearcher at University of Cambridge

Page 12: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Financials

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◂ Token Sale Phase 1 | Pre-IEO◂ $20 / MTXLT◂ Hard-cap: 22,500 MTXLT◂ Q2 / 2019

◂ Token Sale Phase 2 | Pre-IEO◂ $50 / MTXLT◂ Hard-cap: 45,000 MTXLT◂ Q3 / 2019

◂ Token Sale Phase 3 | IEO◂ $100 / MTXLT◂ Hard-cap: 90,000 MTXLT◂ Q4 / 2019

◂ Token Sale Phases 4 and 5◂ Hard-cap: 427,500 MTXLT◂ Q1 and Q2 / 2020

◂ Total supply: 900,000 MTXLT

Page 13: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

Fund Usage

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Phase 1 ($450,000)Q2 2019

● 50% Product Development● 30% Marketing & Community● 10% Travel & Conferences● 5% Legal● 5% Other

Phase 2 ($4,500,000)Q3 2019

● 40% Marketing & Community● 33% Product Development● 10% Security Audits● 5% Exchange Listings● 5% Travel & Conferences● 2% Legal● 5% Other

Phase 3-5Q4 2019 - Q2 2020

● 48% Marketing & Community● 33% Product Development● 5% Security Audits● 5% Exchange Listings● 2% Travel & Conferences● 2% Legal● 5% Other

Page 14: Private. Instant. Zero-fees. · private, instant and zero-fee transactions. Problem 3 ... Confidential transactions because they are superior to other approaches such as coin mixing

◂ Tixl gGmbH (non-profit)◂ Borselstraße 20◂ 22765 Hamburg, Germany◂ Commercial Register: Hamburg◂ Registry Number: HRB 155832

◂ Contact details◂ Website: https://tixl.me ◂ Email: [email protected]

◂ Executive Summary: https://tixl.me/executive-summary ◂ Whitepaper: https://tixl.me/whitepaper