What Is Proton (XPR)?
XPR is the native coin of Proton, which is a public blockchain that refers to itself as the payment blockchain. Besides that, Proton can be used for the development of decentralized applications (dApps). If you’re interested in the current XPR price, check out the Proton price chart above.
By utilizing an integrated financial settlements layer, Proton provides users with safe identity accounts. The layer enables users to draw money, acquire cryptocurrencies, and link their identity accounts to fiat accounts. Additionally, it enables users to utilize their crypto assets in various apps while preserving their sensitive information. It’s also important to note that all accounts have human-readable names, which makes it much easier when making payments.
Besides a financial settlement layer, Proton has the ability to develop permissionless layers on conventional financial institutions this way allowing users to maintain their private keys to themselves. These institutions can only use the public keys of the users to confirm their identities.
Talking about transactions, Proton is capable of comprehending around 4000 transactions per second. Besides, all transactions on Proton are completed for free.
Use Cases of XPR Tokens
Proton tokens have three main use cases:
- Governance. The holders of XPR tokens are able to vote on various protocol changes and elect Block Producers (they validate and create new blocks on the chain).
- Resource allocation. XPR tokens are used to pay for resource plans for dApp developers.
- Staking. XPR tokens need to be staked in order to get governance rights. Besides, users receive staking rewards.
FYI, don't forget to check the Proton price chart, which displays the current and the previous XPR price.
Tokenomics of XPR
There is no max supply of Proton coins which makes them inflationary. This means that, if the circulating supply exceeds the demand, the XPR price might decrease.
Therefore, it's especially important to note that the XPR price is likely to change over time. It might decrease or it might also increase. This can happen not only because the Proton tokens have an inflationary nature but also because the aspects affecting the crypto market, affect the Proton price as well.
