ITALO Network

Italo Network is a Monero And Loki Project Fork, with an innovative approach to Proof-Of-Stake (PULSE) for best security and attack resilience!

Decentralised system

Italo Network is committed to provide the maximum amount of decentralization. You do not have to trust anyone else on the network, and it is not run by any large group. With accessible “Proof of Stake” algorithm ITALO is almost imposible to break as nobody would have 51% of all service nodes on the network!

Efficient Transactions

Italo Network uses confidential transaction protocol that it use a type of mathematical proof nicknamed “bulletproofs” to make sending the currency cheaper and more data-efficient. This makes the currency even more compelling for people to use efficiently and cheapply. keep in mind that “Bulletproofs” cuts TX size by 82% meaning 82% less fees!

Anonymity

Transaction privacy is protected by secure cryptographic setting Ring Confidential Transactions (RingCT) with minimum ringsize (mixin) of 9 to conceal sources/amounts transferred and make it high resistance to any blockchain analysis whereby no one can identify who sent the money, who the receiver was, and what amount of money was transferred.

About Italo

ITALO is a privacy network which allows users to transact privately over the internet, providing a suite of tools to help maintain the maximum amount of anonymity possible while transacting and (coming up) Shopping online.

  • Blink Transactions
  • 1 Minute BlockTime
  • Service Nodes (Pulse)

Privacy And Instant Payments

Blink is Loki’s revolutionary instant payment solution that we adopted! Making secure, privacy-first transactions without compromising on speed. Using the power of the ITALO Service Node network, Blink lets you send and receive XTA in the blink of an eye.

Blink transaction is sent to two quorums (randomly-selected groups of 10 ITALO Service Nodes)

Quorums check transaction for legitimacy

Blink transaction is passed to mempool for inclusion in blockchain

Service Node Activities

Full nodes become Service Nodes when the owner locks the required amount of $XTA and submits a registration transaction. Once accepted by the network, the Service Node is eligible to win block rewards. Multiple participants can be involved in one Service Node and can have the reward automatically distributed.

Nodes operators

It is worth noting that Service Nodes operators will need to stay up to date with new updates to keep in line with software and hardware requirements. It’s also important to note that Service Node owners must run the Service Node 24/7 otherwise they will be decomissioned!

Service Nodes are required to

  • Monitor other Service Nodes and vote on their performance

  • Be called into quorums which give them authority over instant transactions (Blink)

  • Create new blocks (Pulse)

POS Overview (Pulse)

Every 60 seconds, a leader is chosen from the top of the Service Node list. This leader creates a candidate block which they send to 11 randomly chosen Service Node validators. The validators ensure the block is valid, then perform a group ceremony to create a random value. Once the ceremony is finished, each validator includes the final random value in the candidate block, which they sign and send to their validator peers. Once a candidate block has more than 7 signatures, it can be published to the network as a valid block. 

Block Reward Restructure

The current logic of sequentially rewarding each Service Node in a sorted list would be preserved, however for a Service Node to win this reward they must act honestly as a leader by producing a valid candidate block.

Instant Transactions

With Blink, $XTA becomes one of the firsts cryptocurrency to offer secure, private, anonymous transactions in real-time. The possibilities are endless — limited only by your imagination.

Downloads

Download cli and gui wallets
Windows Wallets
Linux Wallets
MAC OSX Wallets

EXCHANGES

At the momment ITALO ($XTA) is traded on two exchanges!

SWAP Allocation

This is how the SWAP allocation is distributed!
  • PRE SWAP14,700,000 XTA
  • SWAP ALLOCATION25,000,000 XTA
  • TradeOgre SWAP14,000,000 XTA
  • Crex24 SWAP700,000 XTA
  • Exchange Listing Reserve300,000 XTA
  • Feature IPO Reserve10,000,000 XTA

Why Chose ITALO

When a $ITALO Blink transaction is made, the transaction makes a few extra stops on the way to the mempool — but, paradoxically, those extra stops make the transaction effectively instant.

Service Nodes do the heavy lifting on the ITALO network and get a significant financial reward for their efforts. By maintaining a Service Nodes you get paid for keeping the network SAFE!

Donate

Italo Network is a free, open source community-driven project aiming to create a more decentralized, secure and private means of instant payment. If you would like to contribute and help us succeed in our mission, you can offer your support by donating for ITALO’s DEVELOPMENT. 

Roadmap

This is a development roadmap but can be changed to reflect (new) project targets and our vision. Implementation timelines are not fixed and subjected to actual development resources.
1

ITALO SWAPPED (COMPLETE)

December 2020
2

Tradeogre SWAPPED (COMPLETE)

December 2020
3

Crex24 SWAPPED (COMPLETE)

December 2020
4

New Website (COMPLETE)

December 2020
5

Exchange Listings (PENDING)

First Quarter 2021
6

Mobile Wallets (PENDING)

First Quarter 2021
7

HardFork (PENDING)

Second Quarter 2021
8

Prepare For IPO / WhitePapper Release (PENDING)

Third Quarter 2021
9

DEFI $WXTA ERC20 Smart Contract (PENDING)

Third Quarter 2021
10

IPO (PENDING)

Fourth Quarter 2021
December 2020

ITALO SWAPPED (COMPLETE)

On December 18th we have successfully SWAPPED on the new BlockChain, now we have moved from proof of work on proof of stake with PULSE.

We have updated to a new GUI interface Electron, a new Explorer writen in python and many more!

ITALO's new blocktime is 1 minute instead of 2 minutes.

ITALO's pre-swap blockreward was 6.6XTA per block, to adjust the blockreward to make it fair for previous miners we have cut the new blockreward to 3.3XTA per block as a block gets generated every 60 seconds so the SWAP ratio is 1:1.

Tradeogre and Crex24 has succesfully SWAPPED on the new BlockChain.

December 2020

Tradeogre SWAPPED (COMPLETE)

Tradeogre has succesfuly SWAPPED on the new Blockchain.

December 2020

Crex24 SWAPPED (COMPLETE)

Crex24 has succesfully SWAPPED on the new Blockchain.

December 2020

New Website (COMPLETE)

In December 2020 The new Website was released!

First Quarter 2021

Exchange Listings (PENDING)

We are in negotiations with 2 new Exchanges to get listed in the first Quarter of 2021, nothing is certain as of now negotiations are underway, we will update this Section according to the upcoming news from the 2 exchanges!

First Quarter 2021

Mobile Wallets (PENDING)

  • In the First Quarter of 2021 we will make Mobile Wallets Android and IOS!
  • Online Wallet will be available!
Second Quarter 2021

HardFork (PENDING)

In the second Quarter of 2021 ITALO will make a HardFork.

This Hardfork will bring more updates and security to the Network, more updates will be posted soon!

We will fix the bugs that were found durring the First and Second quarter, we already found a bug in the GUI Electron Wallet and CLI where if you save the wallet in Windows it wont save it because it can't replace the wallets file! This issue happens only on Windows.
There are no issues so far with the daemon, we will see in the First and Second Quarter of 2021 if we find any issues!

Third Quarter 2021

Prepare For IPO / WhitePapper Release (PENDING)

In the Third Quarter of 2021 we will release the IPO Details and the Shopping App's WhitePapper, we will make a IPO to make a Completely Private Shopping App where people can buy/sell Merchandise or digital goods in a completely privately way, the only ones knowing about the sell/buy will be the buyer and seller and to protect the users we will allow as a payment method only $XTA to make the transactions completely private! More details coming up. 

Third Quarter 2021

DEFI $WXTA ERC20 Smart Contract (PENDING)

In the Third Quarter of 2021 if all things go as planned we will  release DEFI, a SWAP between XTA and An Ether Smart Contract erc20 token! We will ticker it $WXTA and will be tradeble on Uniswap and decentralized exchanges like it!

Fourth Quarter 2021

IPO (PENDING)

In the Fourth Quarter of 2021 we should make the IPO if everything will work as planned! We are gathering a Budget to Pay A Lawyer that will guide us trough the Legal Process! This Plan will be updated accordingly in the Second and Third Quarter of 2021.  

Executive team

Anton Proc

Marketing Manager

ILIE B.

Founder And Lead Developer

Italo Silva

Coin Operation Officer

Italo Network is a Monero And Loki Project Fork, with an innovative approach to Proof-Of-Stake (PULSE) for best security and attack resilience!

info[at]italo.network

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