ITALO

The Economically Secure Crowd-Hashing Privacy Network

Italo Network is a CryptoNote-based cryptocurrency network with an innovative approach to Proof-of-Work security and attack resilience

Security
Italocoin 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 Work” algorithm makes it easy to mine italocoin on normal computers, which makes it more difficult for someone to purchase a large amount of mining power.
Anonymity
Transaction privacy is protected by secure cryptographic setting Ring Confidential Transactions (RingCT) with minimum ringsize (mixin) of 11 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.
Efficient Transactions
Italocoin 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 PAD” cuts TX size by 82% meaning 82% less fees!
Deflation
Italocoins is gradually getting more expensive over time, since the emission is getting lower and lower. The number of Italocoin emitted each 120 seconds is slightly decreasing as a result Italocoin gains value and exchange rate increase. And Because Italocoin emission is decreasing slowly, it protects the currency from economic shocks.

About Italo

Open Source Project!

Italo Network (XTA) is a with no ICO, no premine, no dev fee, low supply and emission privacy-centric currency network based on the CryptoNote protocol. XTA features a ‘Subdued Emission Curve’ – a CryptoNote emission curve variant with 75% lower block rewards meant to preserve value through low annual inflation and incentivize fair ASIC-resistant mining for decades, not years.
ITALO (XTA) is a community driven project based on the fair distribution principle and will never have a premine or an ICO. All developments will be made open source to contribute to the evolution of the cryptonote privacy space.

Develop


ITALO is primarily written in C++. As it is a decentralized project, anyone is welcome to add or make changes to existing code. Pull requests are merged based on community consensus. See the repositories and outstanding issues.

Run a Full Node


Run italod with port 13102 open. Running a full node ensures maximum privacy when transacting with Italo. It also improves distribution of the blockchain to new users.

Mine


Mining ensures the ITALO network remains decentralized and secure. In the Italo graphical user interface and command-line interface, background mining may be activated.

Run a Light Node


Light Nodes will be released in the future per our roadmap. Details on how to run light nodes will be provided upon release.

XTA’s mission is to create a low fee, secure, private and attack resistant payment network by combining two key points of innovation: Hashplug and Fair-Fee Algo. Using the combination of the two, XTA will create an alternative Proof of Work network that is democratic, fair and much more energy friendly –

Our Mission

Main Objective

H
ashPlug, an affordable, energy efficient, dedicated plug-and-play XTA USB miner for distributed hashing;
X
TA’s Fair-Fee algo, which solves the bulletproofs challenge by creating an optimal transaction profile for ultra low fees while discouraging DDoS attacks.

What Is Crowd Hashing?

Italo Network takes a unique approach to solving the mining centralization and attack resistance problems. Instead of constantly having to outpace ASICs via hard forks, Italo will make use of Project HashPlug – a dedicated plug-and-play low cost USB hardware miner with a hard-coded FPGA array that is optimized for highly efficient mining, maximizing hashrate-to-device-cost ratio.
HashPlug’s affordability and commercial availability will provide an optimal global hashrate distribution that cannot be feasibly competed away using dedicated high end machines. We call this method Crowd Hashing as ASICs and other high entry cost devices are economically crowded out of the network, ensuring a high degree of decentralization and network security.
A detailed whitepaper that fully outlines the technical implementation and network economics is scheduled for release in early Q4 2019.

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.

Our Strategy and Project Plan

Q3 2018

GUI/CLI Wallets Launch
BitcoinTalk / Socials Anouncement
Crex24 Listing
TradeOgre Listing
Cryptonote Version 1
BulletProofs Enabled (Single Output)
Zawy Difficulty

Q4 2018

Cryptonight Heavy pow
Cryptonight Heavy CUSTOM pow
Brand refresh – moving to a focused brand name that’s more compatible with our mission statement
Bulletproofs hardfork with modified PAD, reducing avg tx size by 82% with significant performance increases and storage efficiency
Web wallet

Q1 2019

XTA Hardware cold-storage wallet
A Light Nodes layer for blockchain storage, extra network capacity and greater decentralization
Italo White Paper v1, detailing the technical and economic aspects of Project HashPlug and the Fair-Fee Algo
ItaloPay – Woocomerce & WordPress plugins and merchant integration tools

Q2 2019

Mobile apps
Google chrome extension + native support for dynamic QR code generation
Smart TV Android mining
Paper wallet

Q3 2019

Mobile mining

Browser mining
One-click miner (OCM)
XTA’s Fair-Fee Algo – Italo’s key contribution to the cryptonote space, solving the two-sided bulletproofs challenge by ensuring both a low fee tx footprint while smoothly scaling with the number of outputs to prevent DDoS and spam attacks on the network
Project HashPlug, XTA’s USB FPGA Miner – hardening network security and resilience by offering an affordable, energy efficient dedicated plug-and-play $XTA USB mining device that anyone can use and promoting hashrate distribution

Our Team
Under Construction
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ITALO
Lead Developer

Founder and lead developer of Italo project. Has years of experience in blockchain development.

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Cryptopox
Chief Operating Officer

Is very well experienced in dealing with exchanges, establishing fruitful partnerships between projects, bringing in new investors and overseeing day to day operations of the project.

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CNA
Head of Marketing

Has marketing experience from involvement in many successful projects within crypto space. Previously worked as real estate salesman.

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ARM
Community manager

Is blockchain technology enthusiast, very well educated and informed about italo project to be able to assist community on social networks.

EXCHANGES
More exchanges coming soon!



Contribute to ITALO

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.

Donate ITALO:

Features

Simple Set-and-Forget Universal Mining

Italo Network provides global economic inclusion opportunities by offering easy to use mining and thin client apps for a wide range of devices, from smartphones and smart TVs to tablets and desktops. Each device will be able to fully tap unused computing power and have access to its own device-specific XTA address for optimal hashrate distribution.

PAD-Adjusted Bulletproofs (PABs)

Based on the latest Monero codebase, Italo implements a PAD-adjusted version of Bulletproofs, a trustless setup, zero-knowledge proof protocol for single and multi range proofs. This reduces transactions fees and storage requirements by 82% on average, while significantly increasing blockchain sync times and block validation performance. Combined with RingCT obfuscation, XTA efficiently guarantees end user privacy.

Integrated Merchant Adoption Tools

XTA’s mining and thin client apps will have a seamless integration into our custom-built merchant tools, allowing end users to easily spend their mined and received XTA for goods and services through participating merchants online and locally.

Fair-Fee Algo

Italo’s key contribution to the cryptonote space, solving the two-sided bulletproofs challenge where attackers can spam the network by creating very large transactions without hard economic restrictions. Italo’s Fair-Fee Algo ensures both a low transaction fee profile while enabling smooth fee scalability with the number of outputs to prevent DDoS and spam attacks on the network. The Fair-Fee Algo empowers users and merchants by creating a truly economical and secure global value transfer network.

Light Nodes

A second layer to the Italo Network that allows users to run chain replication nodes to increase the network decentralization and global footprint, and provide quick sync and transaction routing services for end user clients. With an increased global presence, everyone will be able to establish low latency connections to the XTA network.

Whitepapper V1

COMING SOON!

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