Learning the friendly way

The cryptocurrency market can be a maze of projects, platforms, and partnerships. Among these, XCN (Onyxcoin) has emerged as a notable digital asset that often sparks discussion – and sometimes confusion – in the crypto community.

This guide cuts through the complexity to deliver a clear picture of XCN. We'll examine what makes this cryptocurrency unique, tackle common misconceptions about its ownership (particularly regarding JP Morgan), and explore its potential value to the greater blockchain ecosystem.

Whether you're researching XCN for investment purposes or simply want to understand its role in the crypto ecosystem, this article will provide you with straightforward, accurate information to guide your decisions.

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What Is Onyx Protocol (XCN)?

Onyx Protocol is a cloud-based blockchain infrastructure enabling companies to create private blockchain networks for enhanced financial services. Unlike public blockchains, Onyx provides a closed, secure environment for issuing, storing, and transferring digital assets, minimising risks like security breaches and transaction delays. 

It caters to enterprise needs through products such as the Remote Procedure Call API (RPC/API) and Sequence, a blockchain-based accounting service. These services offer both standard and premium tiers, with premium features accessible via XCN payments.

The protocol’s core design addresses key financial settlement challenges, including reducing fees, increasing transparency, and streamlining transaction settlements, and uses innovative features like "issuance programs" for asset creation and "control programs" for managing assets securely. Block signers safeguard the network, while block generators ensure efficient block creation.

The Onyx Protocol is governed by a Decentralised Autonomous Organisation (DAO), where XCN token holders participate in decision-making by staking their tokens. This means that XCN acts as both a utility and governance token, offering voting rights, discounts on premium services, and a means to pay for Onyx Cloud and Sequence fees.

Founded in 2014 by venture capitalist Adam Ludwin, Onyx was initially backed by major firms like Nasdaq and Citigroup, raising over $40 million. After being acquired by Stellar’s Lightyear Corp. in 2018, it later became a privately held corporation in 2021. 

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With a maximum supply of 48.4 billion tokens, XCN powers the ecosystem and incentivises community-driven growth through its transparent, decentralised governance model.

XCN’s infrastructure

XCN's technological foundation rests on three main pillars:

• A scalable proof-of-stake blockchain that prioritises transaction speed and energy efficiency
• Smart contract functionality that enables complex financial operations and decentralised applications
• Cross-chain compatibility for seamless interaction with other blockchain networks

Although the platform uses advanced security protocols it still manages to maintain user accessibility, making it suitable for both individual and institutional users.

How to purchase and stake XCN

XCN tokens can be bought through several major cryptocurrency exchanges, including Tap. In order to participate in the staking process, users will need to acquire the tokens and complete the following: 

1. Set up a compatible wallet that supports XCN staking
2. Participate in the staking program through the official platform
3. Earn rewards based on the amount staked and duration of participation

The minimum staking requirements and reward rates are designed to encourage long-term holder participation. For more detailed explanations please see the official project’s instructions.

Leadership and development behind XCN

The Onyx blockchain network was founded in 2014 by venture capitalist Adam Ludwin with support from major venture capital firms, aiming to modernise financial systems. The team launched Chain Core after raising over $40 million through strategic partnerships with Nasdaq, Orange, Capital One, and Citigroup. 

In 2018, the platform was sold to Lightyear Corp., part of the Stellar Development Foundation, before transitioning in 2021 to operate as a privately held corporation with a new board, shareholders, and offices. In March 2022, CHN was rebranded to XCN spurring positive price growth.

Today, the XCN project is led by a team of seasoned blockchain developers and fintech experts specialising in smart contracts, protocol optimisation, and financial infrastructure. They are known to actively engage with the community via Discord, Twitter, and governance forums, maintaining transparency through roadmaps, progress reports, and AMAs. 

Alongside the strong development team is a decentralised governance model, allowing XCN token holders to shape the platform’s future, voting on critical proposals to ensure collective growth and innovation.

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XCN price prediction

Onyxcoin (XCN) has gained attention for its role in DeFi and its governance function within the Onyx Protocol. While price predictions vary, with some analysts anticipating steady growth as adoption of the platform increases, it is worth keeping an eye on the key factors influencing its price, notably market demand, advancements within the Onyx ecosystem, broader crypto market trends, and regulatory developments. 

However, given the volatility of the cryptocurrency market, it’s best to approach these XCN price predictions carefully and conduct thorough research before making any financial decisions.

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Clearing the air: JP Morgan's Kinexys (formerly Onyx) does not own OnyxCoin (XCN)

In early November 2024, JP Morgan rebranded its blockchain unit from Onyx to Kinexys, sparking conversations about distinguishing between unrelated entities in the blockchain world. Below we break down the key differences between OnyxCoin (XCN) and JP Morgan's Kinexys to clear up any confusion for investors and industry professionals.

Let the record state: OnyxCoin (XCN) is a separate cryptocurrency project operating independently of JP Morgan and its blockchain initiatives. To avoid potential confusion:

• XCN is not affiliated with JP Morgan or any traditional banking institution
• The cryptocurrency project operates independently of JP Morgan's blockchain platforms
• Any similarity in naming to JP Morgan's former Onyx unit is coincidental

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Looking to the future

XCN is a prime example of blockchain technology's evolution and the growing maturity of digital assets. As the cryptocurrency landscape continues to expand, XCN’s innovative framework and governance structure show how decentralised systems can adapt to meet new challenges. 

With blockchain advancing rapidly, platforms like XCN highlight the potential for transformation in the digital economy. Whether you’re drawn to the technical details or the broader implications, staying informed about these developments is key to understanding this ever-changing space.

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En mars 2022, Onyx protocol a rebaptisé son token de CHN en XCN, rencontrant un succès considérable. Le grand livre cryptographique partagé et multi-actifs a attiré l'attention du marché et sa valeur a augmenté de près de 50% dans les premiers mois suivant son lancement.

Après avoir implémenté des améliorations incluant la Onyx Decentralised Autonomous Organisation (DAO), la sortie bêta du produit Onyx Cloud, le staking de XCN, ainsi que son inscription sur plusieurs échanges de cryptomonnaies, Onyxcoin (XCN) a atteint un nouveau sommet historique, un exploit honorable pour l'écosystème Onyx étant donné que le marché des cryptomonnaies était en baisse.

Qu'est-ce que Onyx protocol?

Onyx protocol est une infrastructure blockchain en cloud permettant aux entreprises de créer et de proposer des solutions améliorées de services financiers grâce à leur réseau blockchain fermé. Cela leur offre la possibilité de passer à la technologie blockchain sans assumer les risques liés aux grands réseaux publics. La plateforme leur permet ensuite d'émettre, de stocker et de transférer des actifs numériques sur les réseaux privés indépendants de l'entreprise via plusieurs produits de l'écosystème Onyx.

Selon le livre blanc de la plateforme, le protocole Onyx permet aux participants d'émettre et de gérer des actifs de manière programmatique grâce à l'utilisation de signatures numériques et de règles personnalisées.

Conçu pour améliorer les lacunes actuelles de l'industrie des règlements financiers, le protocole Onyx offre des solutions améliorées pour tout, des frais de transfert à la transparence, en passant par les retards de règlement, ainsi que les problèmes de sécurité et la réversibilité des transactions.

Les autres produits de l'écosystème Onyx incluent une option standard et premium de RPC/API (Remote Procedure Call API) et une option de service de grand livre en tant que service appelée Sequence.

Le RPC/API standard donne aux utilisateurs accès à divers services au sein de Onyx Cloud qui leur permettent de développer des produits sur des blockchains publiques. Les options d'accès premium offrent des solutions supplémentaires et la possibilité de construire sur des réseaux privés. Cette option est facturée à un montant fixe annuel en XCN. 

Sequence offre aux utilisateurs un accès au service de comptabilité blockchain en cloud de Onyx où ils peuvent gérer les soldes sous forme tokenisée. Là encore, il existe une option standard ou une option d'accès premium avec des avantages supplémentaires, payable en XCN.

Le protocole offre également aux utilisateurs des solutions de bout en bout couvrant la "conception, le développement, la conformité, la vente et l'utilisation" des NFTs à travers son produit Sequence NFT.

L'organisation autonome décentralisée (DAO) de Onyx gère l'ensemble du protocole Onyx, qui est gouverné par les détenteurs de tokens XCN. Pour participer à la DAO de Chain et à la gouvernance de Onyx, les détenteurs de XCN doivent staker leurs tokens.

Qui a créé Le Onyx protocol?

Le réseau blockchain Onyx a été fondé en 2014 par Adam Ludwin, offrant une solution aux systèmes financiers modernes. Les développeurs ont lancé Chain Core après avoir levé plus de 40 millions de dollars grâce à des financements et des partenariats stratégiques avec des acteurs tels que Nasdaq, Orange, Capital One et Citigroup.

En 2018, la plateforme a été vendue à Lightyear Corp., une division de la Stellar Development Foundation, mais depuis 2021, l'entreprise fonctionne désormais en tant que société privée avec de nouveaux bureaux, actionnaires et un nouveau conseil d'administration.

Comment fonctionne le protocole Onyx ?

Chain permet à plusieurs réseaux blockchain indépendants d'exister et de coopérer, même s'ils sont exploités par différentes entreprises. L'utilisation du principe de moindre autorité maintient une séparation entre le contrôle des actifs et la synchronisation du grand livre, garantissant ainsi la sécurité de tous.

Le protocole cloud de Onyx permet à tout participant du réseau de définir et d'émettre des actifs en créant leurs propres "programmes d'émission". Une fois émis, les unités d'un actif sont conservées sous la garde de "programmes de contrôle", rédigés dans un langage de programmation flexible et complet, permettant de créer des contrats intelligents sophistiqués pour les réseaux blockchain.

Un groupe de "signataires de blocs" sécurise chaque réseau. Le système est protégé contre les bifurcations tant que la majorité des signataires de blocs respecte le protocole. Pour plus d'efficacité, le protocole délègue la création de blocs à un seul "générateur de blocs". Tout nœud sur le réseau peut également valider les blocs et soumettre des transactions.

Le logiciel Onyx Core est une solution d'entreprise utilisant le protocole Onyx. Une édition développeur open-source de Onyx Core est disponible en téléchargement, et Chain gère un testnet librement accessible pour administrer le réseau blockchain Onyx.

Qu'est-ce que le token Onyxcoin XCN ?

XCN est le token natif de l'écosystème Onyx et sert à la fois de token utilitaire et de token de gouvernance. Les détenteurs peuvent voter sur les programmes communautaires et les plans d'amélioration du protocole via la DAO de Onyx. La cryptomonnaie offre également des réductions sur les plans premium, une méthode de paiement pour les frais de Onyx Cloud et Sequence, ainsi que pour le déploiement de nœuds.

Parallèlement au rebranding de CHN en XCN, Chain a également lancé son nouveau contrat intelligent Onyxcoin sur la blockchain Ethereum. Les détenteurs de CHN ont reçu des tokens XCN dans un ratio de 1 pour 1 000. Onyxcoin (XCN) a une offre maximale de 53,47 milliards.

Comment acheter du token XCN ?

Pour ceux qui souhaitent intégrer Onyxcoin à leur portefeuille de cryptomonnaies, tout est devenu beaucoup plus simple. L'application Tap a récemment intégré XCN parmi ses devises supportées, offrant ainsi à tout détenteur d'un compte Tap un accès aisé et pratique au token de Chain.

Les utilisateurs peuvent acheter ou vendre des XCN en utilisant les soldes de leurs portefeuilles, qu'ils soient en crypto ou en devises traditionnelles, ou encore acquérir la cryptomonnaie via des méthodes de paiement classiques telles que le paiement par carte ou bien par virements bancaires. Les portefeuilles intégrés à la plateforme permettent aussi de stocker et de gérer facilement les fonds détenus en XCN.

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When making purchases with your debit card, you’re typically asked to provide a security code, also known as a CVV or CVV2 code. This 3-digit (or sometimes 4-digit) number is an important security feature that helps protect your card from unauthorised use. Understanding what this code is, where to find it, and why it's crucial to keep it safe can help prevent financial fraud and give you greater control over your accounts. In this article, we dive into the details.

What is the security code used for?

The debit card security code serves a critical purpose in verifying your identity and protecting against fraudulent activity. When you provide the code during a transaction, it confirms that you physically possess the card, rather than just having access to the card number alone. 

This helps prevent criminals from making unauthorised purchases, especially for online, phone, or mail-order transactions where the physical card is not present. By requiring the security code, merchants and financial institutions can have an additional safeguard against fraud, giving you greater confidence that your hard-earned money stays secure.

Why are debit card security codes important?

The bottom line is that debit card security codes play a vital role in safeguarding your financial information and protecting your hard-earned money. This security code acts as an additional layer of security beyond just your card number and expiration date and without it, criminals would have a much easier time making unauthorised purchases or accessing your accounts. 

Where can I find my debit card security code?

The debit card security code is typically found in one of two places on your card: 

On most standard debit cards, the 3-digit code is printed on the back of the card, often in the signature strip or just to the right of it. 

Some debit cards may have a 4-digit security code that is printed on the front of the card, usually in the top right corner. 

How debit card security codes work with contactless payments

While debit cards with security codes are primarily used for in-person, online, and over-the-phone transactions, the code also plays a role in contactless or "tap-to-pay" payments. 

When you hold your debit card up to a contactless payment terminal, the 3- or 4-digit security code is digitally transmitted along with your card information. This allows the payment system to verify your identity and approve the transaction, just as it would for a contact-based payment that requires manually entering the security code. 

The security code therefore provides an extra layer of protection, even for quick tap-and-go purchases.

CVV vs OTP

The key difference between a debit card's CVV (card verification value) code and an OTP (one-time password) lies in how they function to verify transactions. A CVV is a static 3 or 4-digit code printed on your physical debit card, which you manually enter to confirm your identity. 

In contrast, an OTP is a dynamically generated code, typically sent to your mobile device via SMS from the bank or an authentication app, that changes with each new transaction. While both add an extra security layer, OTPs provide stronger protection, as they cannot be reused like a static CVV. 

Combining the use of your debit card's CVV code and a one-time password (OTP) provides the strongest protection against financial fraud.

CVV vs PIN

Your debit card's PIN (Personal Identification Number) is different from the CVV (card verification value) code.

The PIN is used to verify in-person transactions when you use the physical card, like at a store checkout or ATM.

The CVV code is used instead for remote purchases, like online or over the phone, where the physical card isn't present.

Closing thoughts

In summary, the debit card security code, also found on a credit card, is an essential safeguard against fraud and unauthorised transactions. By understanding what this code is, where to find it, and how it protects your finances, you can take control of your financial security and enjoy greater peace of mind when using your debit card in the wild or online. 

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Crypto recovery scams involve fraudsters claiming they can recover lost or stolen cryptocurrency for a fee. These scammers prey on individuals who have lost access to their digital assets.

As cryptocurrencies grow in popularity, these deceptive schemes are also becoming more and more prevalent. Being able to identify and avoid such scams is crucial. Not only will it help to safeguard your current investments but will also prevent further financial losses. In this article we’re going to guide you through identifying these scams, and what to do from there. 

Signs of a crypto recovery scam

Spotting a crypto recovery scam can be easier if you know the telltale signs:

• Be wary of unsolicited offers to recover your lost or stolen crypto, as legitimate services don't operate that way. 
• Scammers often demand exorbitant upfront fees before providing any services, while legitimate ones typically charge after a successful recovery.
• Unrealistic promises of guaranteed recovery should also raise suspicion, as legitimate services are upfront about risks and limitations.

Another red flag is a lack of transparency about their methods and processes. Scammers tend to be vague, while legitimate services are open about their approach. 

Finally, watch out for high-pressure tactics like creating a false sense of urgency. Scammers may use these to rush you into a decision, whereas legitimate services allow you to make an informed choice. Acknowledging and staying vigilant about these signs can protect you from falling victim to crypto recovery scams.

How scammers typically operate a crypto recovery scam

In a cunning ploy, scammers impersonate representatives from reputable companies, reaching out to unsuspecting individuals with the promise of recovering funds lost in previous scams. These impostors may even possess specific details about the victims, such as the amount of money they had lost, further lending credibility to their claims.

Once they gain the trust of their targets, the scammers instruct the victims to promptly send Bitcoin or other cryptocurrencies to a wallet address controlled by the scammers themselves. In some cases, the scammers may suggest that the victims create accounts on cryptocurrency exchanges that allow multiple owners for a single wallet, such as Atomic Wallet. In other instances, the scammers may have already set up these accounts themselves and merely grant the victims access, ensuring complete control over the funds.

To further facilitate the transfer of funds, some victims are coaxed into downloading remote access software like AnyDesk, under the pretense of receiving assistance with setting up bank or exchange accounts. This tactic grants the scammers direct access to the victims' devices, providing yet another avenue for diverting funds to their chosen destinations.

How to protect yourself

To protect yourself from crypto recovery scams, it's essential to do thorough research on any company or service before engaging with it. Be sure to scrutinize their credentials, reviews, and track record, and if something sounds too good to be true, it usually is. 

As mentioned above, always be highly sceptical of unsolicited offers or claims, as these are often tactics used by scammers. Instead, do your own homework and find a service that aligns with your needs and sense of comfort. 

Never share your private keys or seed phrases with anyone, as this grants them complete access to your funds. Instead, consider using reputable and trusted crypto recovery services, such as CryptoRecovery.com or CoinRecovered.com, which have established reputations and transparent processes.

While this might sound like scary business, rest assured that by exercising due diligence, maintaining a healthy dose of scepticism, and safeguarding your private information, you can significantly reduce the risk of falling victim to these deceptive schemes.

Reporting crypto recovery scams

If you suspect you have been contacted by a crypto recovery scam service or found one online, report it to the appropriate authorities as well as the Tap team immediately. Many countries have dedicated cybercrime units or financial fraud hotlines where you can file a complaint. Additionally, by alerting Tap we can escalate the report and inform other crypto holders before they potentially fall prey to these scammers.

Always remember that raising awareness is crucial in combating these scams. Share your experience on forums, social media, or with your network to warn others. By doing so, you can help prevent more people from falling victim and contribute to the collective effort against crypto-related frauds.

Key takeaways from this article

Key signs of a crypto recovery scam include unsolicited offers, demands for exorbitant upfront fees, lack of transparency about methods, unrealistic promises of guaranteed recovery, and high-pressure tactics. Exercise extreme caution and conduct thorough due diligence before engaging with any service claiming to recover lost or stolen cryptocurrency.

Additionally, spreading awareness is crucial to combating these scams. Share information about the telltale signs and your experiences with Tap, the appropriate authorities, your network and online communities. By raising awareness, you can help others avoid falling victim to these deceptive schemes and contribute to the collective effort against crypto-related fraud.

For more information, here are the top 5 crypto scams people fall victim to.

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Today, TikTok ranks as the fifth largest social media platform globally, used by 31% of social media users and 30% of all internet users worldwide. Taking things one step further, TikTok is also busy revolutionising social media shopping through its TikTok Shop. Looking to dive in?

If you’re unsure how TikTok Shop works or what payment options are available, you’re in the right place. This guide covers everything you need to know about TikTok Shop payment methods.

What is TikTok Shop?

TikTok Shop is an integrated marketplace where you can purchase products directly through the app. Here you'll find everything from trending fashion items to electronics, all available from both independent sellers and major brands. *It’s worth noting that these are third-party sellers and not from TikTok directly. 

You’ll also need an account to use it. 

Finding TikTok Shop

Getting started is simple:

• Download the TikTok app and create an account if you haven't already
• Look for the Shop icon at the bottom of your screen
• Start browsing products through videos, lives, or the Showcase tab

What payment methods are available on TikTik Shop?

TikTok Shop offers several convenient payment methods to suit your preferences and location:

Card payments

• All major cards accepted (Mastercard, Visa, American Express, Discover - yes, you can also use your Tap card)
• Both credit and debit cards are welcome

Digital wallets

• Apple Pay (iOS users)
• Google Wallet (Android users)
• PayPal

Buy Now, Pay Later

• Klarna: Split larger purchases into four interest-free payments

Making your first purchase

Ready to start shopping? Follow these simple steps:

• Find a product you love
• Click "Add to Cart"
• Hit "Check out" when ready
• Enter your shipping details and billing address
• Select your preferred payment method
• Review your order
• Confirm and place your purchase

Managing your payment methods

To add or change your payment method:

• Visit your TikTok profile
• Select "Your orders"
• Tap "Payments"
• Add new payment methods or set your preferred option

Shopping tips

• Always verify seller ratings and reviews before purchasing
• Check product descriptions and shipping information carefully
• Keep track of your orders through the TikTok app
• Enable notifications to track your order status
• Purchases are eligible for Tap cashback rewards

With these payment options and your Tap card at hand, you're ready to explore everything TikTok Shop has to offer.

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Si vous êtes nouveau dans le monde des cryptomonnaies, vous avez probablement entendu l'expression "spot trading" sans vraiment la comprendre. Pas de panique – nous allons démystifier ce concept en quelques mots.

Qu'est-ce que le spot trading? ‍

Le spot trading ou "trading au comptant" est l'une des méthodes les plus basiques et courantes pour acheter et vendre des cryptomonnaies. Le terme "comptant" fait référence au fait que ces transactions se déroulent immédiatement. Quand vous effectuez un trade au comptant, vous achetez ou vendez une cryptomonnaie au prix du marché actuel.

Imaginez le trading au comptant comme l'équivalent digital d'acheter une baguette à la boulangerie locale. Rapide, direct, sans fioritures. Concrètement, c'est la façon la plus simple et direct d'acheter ou de vendre des cryptomonnaies, au prix du moment. C'est exactement ce qu'est le spor trading dans l'univers des cryptomonnaies.

Comment fonctionne le trading au comptant

‍Voici les étapes classiques du trading au comptant :

• Choisir une plateforme d'échange : C'est comme sélectionner son supermarché.
• Créer un compte et vérifier son identité : La plupart des plateformes sérieuses exigent cette étape pour prévenir la fraude.
• Déposer des fonds : Vous devrez transférer de l'argent (généralement en euros) sur votre compte.
• Sélectionner la cryptomonnaie désirée : Par exemple, si vous voulez acheter du Bitcoin, vérifiez son cours.
• Passer un ordre : Entrez la quantité de Bitcoin que vous souhaitez acheter et confirmez la transaction.
• Recevoir votre cryptomonnaie : Le Bitcoin acheté apparaîtra instantanément dans votre portefeuille.

Et voilà ! Vous venez de réaliser un trade au comptant.

Avantages du trading au comptant

‍Le spot trading présente plusieurs atouts, notamment pour les débutants. Son principal avantage est sa simplicité – le processus est direct et facile à comprendre, ce qui en fait un point de départ idéal pour les nouveaux arrivants.

Un autre avantage majeur est la possession immédiate : lors d'un trade au comptant, vous recevez votre cryptomonnaie instantanément, vous donnant un contrôle direct sur vos actifs numériques. Le trading au comptant tend également à avoir des frais plus bas comparé à d'autres méthodes de trading.

Enfin, le trading au comptant offre une transparence des prix optimale. Vous savez toujours exactement combien vous payez pour votre cryptomonnaie, ce qui peut vous aider à prendre des décisions plus éclairées.

Points importants à retenir

‍Bien que le spot trading soit relativement simple, quelques points méritent votre attention :

• Volatilité: Les cours des cryptomonnaies peuvent fluctuer rapidement, ce qui implique des variations potentielles.
• Frais: Vérifiez toujours la structure des frais de la plateforme avant toute transaction.
• Sécurité: Protégez votre compte avec des mots de passe robustes et une authentification à deux facteurs.
• Investissement raisonné: Le marché des cryptomonnaies peut être imprévisible.

Trading au comptant vs autres types de trading

‍Vous entendrez parler d'autres types de trading crypto, comme les futures ou le trading avec effet de levier, mais sachez que ces méthodes sont plus complexes et souvent plus risquées. Le spor trading reste généralement l'option la plus simple et la plus accessible.

Gardez à l'esprit que le marché des cryptos ne dort jamais – il est ouvert 24h/24, 7j/7. Cela signifie que vous pouvez trader à tout moment, mais aussi que les prix peuvent changer à n'importe quel instant.

Conclusion

‍Le trading au comptant est votre porte d'entrée dans l'univers du trading de cryptomonnaies. C'est simple, immédiat et vous donne un contrôle total sur vos actifs numériques. Comme pour tout investissement, informez-vous et comprenez les risques potentiels.