| CXP | CaixaPay
Official name: CaixaPay
CaixaPay is a cryptocurrency built on DAG (Blockchain 3.0) with lightning fast transaction speeds and almost zero transaction fees. A cryptocurrency that people can use for their everyday transactions & even micro transactions to anyone, anywhere in the world. A real world use coin that is scalable, secure & decentralised. CaixaPay aims to make CXP a future standard in accepted payments. CXP is ready for mass adoption. CaixaPay uses the trading code of CXP and is stored and ordered using directed acyclic graph (DAG) rather than blockchain. This allows all users to secure each other's transactions by referencing earlier transactions created by other users, and also removes scalability limits common for blockchains. The consensus algorithm used to protect from double-spends is based on establishing a total order within the DAG. This is achieved by selecting a chain, called main chain, which gravitates towards units issued by commonly recognised reputable users — witnesses. All together there have been a total 131,500,000 CXP issued.