This day of June 9th, 2019, we’re absolutely thrilled to announce the creation of a new Ether-1 ($ETHO) sister chain called Xerom ($XERO)!

Xerom: Decentralized by Nature

What is Xerom?

Xerom is a rapid development chain where node improvements (and other proposed changes) will be production tested before being rolled into Ether-1. Both chains will work with and support the global ethoFS network of redundant content delivery nodes. Xerom will deliver additional robustness to the underlying file replication and delivery, on a separate blockchain, providing fault tolerance and performance benefits. Most importantly perhaps, Xerom delivers development process agility.

Xerom comes into existence to address a very real problem every cryptocurrency development team encounters when trying to improve the software rapidly. The problem is with making changes to existing core functionality and testing new feature improvements. Testnets are of limited utility because no one can predict and replicate the uses cases of actual users. The two things which help the most with software maturity are real-world use and the passage of time. With Xerom, we take the two best things in software testing and we use them as our allies to make sure Ether-1 only gets changed in ways which have been tested by real people over a good amount of time.

Xerom allows us to take the spectrum of effectiveness and adoption we can achieve and creates further gradations to allow for more use cases and belief systems to coexist within the ecosystem. Those who prefer carefully tested changes can watch Xerom to see how the new features are functioning and use Ether-1; those who prefer to live on the bleeding edge and have access to the latest features can use Xerom/XERO. To that end, it’s worth mentioning that Ether-1 will continue as the primary project, using a council based governance system. Xerom will be an ally to Ether-1 in a league of confederated crypto coins, which will be created shortly after the launch of Xerom later this month. Xerom will have its own team and some members will be in both Ether-1 and Xerom management for the time being while Xerom is being bootstrapped.

Xerom Airdrop?

We want to include all existing ETHO holders in the creation of XERO as valued stakeholders, users and decision makers, therefore we will be transferring all user held wallet ETHO balances to XERO at a 1-to-2 ratio. This means if you have 30,000 ETHO, you will receive 60,000 XERO.

The XERO balance transfer will not apply to the Ether-1 Developer Fund, ETHOFuse.net or to the Masternode fund.

If you are running any type of Node on the Ether-1 Network, the wallet in which you hold your collateral will be credited with the equivalent XERO Balance. You do not have to do anything to the node. Please do not take your ETHO Nodes offline as this will result in a loss of node rewards due to the downtime.

If you want to be sure you’re included in the balance transfer, please refer to this checklist. If you are able to check all of the boxes then you are eligible for the balance transfer:

Your ETHO Coins are not on an exchange.

Your ETHO Coins are not invested in Fuse.

Your ETHO Coins are in an address where you control the Private Key.

If your ETHO coins are stored in the Android or iOS Wallet, you will need to export your private key or keystore files to access your XERO coins. We will release guides on how you can access your XERO in the coming weeks.

Xerom will not be focused on costly exchange listings and service listings, the focus will be on cooperation in the interest of decentralized tech improvements. Listings will have to either be free, resultant from cooperation or community raised. Xerom will promote node and developer participation by funding them for projects and distributing a node reward. And finally, key point in particular to note is that Xerom will not be able to be used as a payment currency for ethoFS nor is this planned for the near future.

Xerom Timeline

Here’s the timeline of events leading to the creation of Xerom:

Ether-1 chain snapshot at an unannounced time on June 20, 2019; this is done to ensure there is no manipulation to the snapshot (make sure to have your ETHO balance in your wallets to be included in 1:2 airdrop, no exchange balances will be credited).

Xerom launch on June 28, 2019

Xerom Nodes Version 1.0 will be activated at block 200,000.

Xerom Nodes Version 2.0 will ship at a later time with various ethoFS decentralized node improvements as described in https://medium.com/@Ether1Official/development-update-2019-05-29-ef11fe468465

Xerom Next Steps…

Shortly after Xerom nodes are stood up, both Ether-1 and Xerom management will agree to a set of principles in the interest of implementing a management body of engaged and staked participants in the ecosystem, currently referenced as the provisional council. The provisional council will amend and ratify the constitution of the Federated League of Cryptocurrencies (FLOCC) (The Name is not finalized and is subject to change). The provisional council will lay down the last set of requirements to ensure a lasting governance system in the interest of long term decentralized tech evolution and promotion. The binding document created as the foundation of cooperation between Xerom and Ether-1 will be posted for everyone and coins will be encouraged to join in the pursuit of shared purpose. We encourage all stakeholders in the Ether-1 project to take stock of what we’re trying to accomplish and help us forge a way forward by becoming even more involved between the creation of Xerom and the laying down of the ground rules of our FLOCC.

Xerom Frequently Asked Questions

Q: “Looks like you guys are abandoning ETHO and moving to the next thing.”

A: We’re not leaving to work on a new project, we are simply aiming to create a more decentralized ethoFS — the airdrop is done as a thank you to our loyal supporters. Work on XERO is critically important to the next steps with ETHO. We need XERO to be a transparent testing ground for ETHO.

Q: “You’re inflating the coin supply, why are you giving out all these coins?”

A: All ETHO wallet holders receive the same number of XERO. Xerom won’t focus on paid exchange and service listings, serving primarily as a public testbed for Ether-1. The rapid development requires node participation and developer participation and we’re counting on ETHO node holders and devs to participate in the XERO test network. Lastly, XERO will not be used to substitute for ETHO in all use cases, ETHO remains the primary method of transacting with ethoFS.

Q: “This feels like a cash grab.”

A: Nothing could be farther from the truth. Our main priority is to spread ethoFS across multiple chains and improvements to the core of Ether-1. We see ourselves working with multiple coins in the future within the confederation of coins. XERO is our proof-of-concept rapid development chain that paves the way for future partnerships with existing chains on the technical implementation end.

Q: “Why is this necessary, it seems like a waste of resources.”

A: If a decentralized hosting platform is our goal, why would we centralize it on one chain? The idea that the platform sits across multiple chains takes our decentralization to an unprecedented level. With each blockchain standing on its own and having its own connection to the decentralized ethoFS data swarm, all coins and users will benefit.

Q: “When will XERO be listed on <insert_exchange_here> or <insert_service_here>?”

A: XERO will be listed only on those exchanges and services which provide free or near free listings. This will ensure XERO supports startups and technological growth in the blockchain space. The Xerom project will work with any project, community or individual who shares a common purpose with us. The resultant collaboration may result in additional listings.

Useful Xerom Links