Hi everyone 👋

Monday was a bank holiday here, so this week's update will be a little shorter than usual. It’s still jam packed though! Adam is back up to speed and is with me this evening :muscle:

First up, timelines for $XE.

The wallet is complete and available for use now 💥

(I’ll share the link a little later in this update.)

Wallets can be generated and addresses can be added to Console, meaning that those of you that are eligible for a distribution can make a claim, starting now.

Distribution of claimed XE will happen over the next few weeks. The distribution process will be open for three months, and will close on 04th September, 2021.

The network bridge will open up and trading will begin later this month. Specific dates to be confirmed.

Adam is going to tell you a little more about the wallet.

Adam K Dean:

The XE Wallet is an entirely client side application, designed for ease of use. The user experience was put together by Ravi on the core team, and provides a clean, streamlined solution that will be expanded over time to capture additional network functionality, eventually replacing Console entirely.

Here are a few screenshots of the live wallet:

At the core of the XE blockchain is a transactional layer, where signed transactions update a deterministic ledger, which itself is based on the concept of including preceding block hashes in each update. All transactions processed by the blockchain must be signed by the sender wallet, and any modifications to a transaction will invalidate the signature, ensuring that only the private key holder can sign transactions.

The XE Wallet makes use of this by encrypting and storing the private key in local storage, unlocking it to perform signing actions such as signing a transaction, and then discarding it from memory again. For this reason, you’ll always be asked to confirm your password when making a transaction, or when unlocking your wallet, should you close your browser.