Oxen OXEN

Oxen is an ecosystem of privacy tools built on top of a fully decentralized blockchain. It is one of the largest app ecosystems in the crypto industry, with applications like Session and Lokinet serving hundreds of thousands of active users. Oxen recently underwent a rebranding and is now known as Loki. The project is bullish about its future and invites community members to stay updated through their newsletter.

Oxen is unique compared to other cryptocurrencies because it is based on the CryptoNote protocol and inherits world-class privacy and security features such as ring signatures, stealth addresses, and ring confidential transactions. This means that Oxen, like Monero, is fungible, private, and untraceable. Additionally, Oxen is fully proof of stake, and it has a set of incentivized nodes called Oxen Service Nodes that maintain and secure the blockchain while providing services to Oxen Apps. This combination of privacy features and a robust network of service nodes sets Oxen apart from other cryptocurrencies.