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Introduction

Ittrium’s main development goal is ‘striving to be the most technically advanced privacy orientated cryptocurrency.’  In line with this goal, Ittrium wallet v2.0.0 will go live on 11/11/2018 (time-zones vary) and will implement the ZeroCoin privacy protocol, a type of zero-knowledge proof. A significant amount of work has gone into this massive update, 396 files have been amended, with 37,808 lines of code added and 18,137 lines deleted!

https://github.com/IttriumCore/ittrium/commit/73ed9388c72bfdc5b1e5e816b91dd274ac9fb2c8

To ensure a smooth transition, the team has decided to stage the rollout of the ZeroCoin protocol, as such, there’ll be a 7-day maintenance period, before the ZeroCoin protocol is activated on 18/11/2018.  Whilst extensive testing has been conducted, with any update of this scale, minor bugs likely remain.  If you come across any bugs please create a ticket in the #tech-support channel on our discord and we’ll squish them in subsequent updates.

How does it Zercoin work?

For those unfamiliar with the concept, zero-knowledge proofs utilise advanced cryptography to hide the transaction history, essentially it proves the existence of transaction without revealing any transaction information.

The Zerocoin protocol allows users to ‘mint’ zXIT by burning their XIT, and in return be provided with zXIT, which is an I.O.U on the network that can be spent later to get their XIT back. When you want to initiate a spend, your wallet sends a zero-knowledge proof to the blockchain that allows fresh XIT to be created by the network which replaces the burnt XIT, but as it is freshly made it has no transaction history. You can even instruct the network to send the redeemed XIT to a 3rd party address, to completely hide who sent the XIT to the recipient.

That sounds complicated, what do I need to learn to use it? 

Firstly, if you don’t feel comfortable using zXIT, you don’t have too, simply ignore the zXIT features and keep using the wallet as previously.  The Zerocoin protocol like Obfuscation is a complementary feature for advanced users.  That said, we’ve worked to simplify the wallet user interface as much as possible however, if you still find yourself a bit lost, join us on Discord and we’ll be happy to guide you through the process.  Furthermore, the team will be releasing more information, including video tutorial guides in the coming weeks on our YouTube channel to educate our community.

How do I convert XIT to zXIT and why can I only mint zXIT in specific amounts?

Simply go to the privacy tab in your wallet, enter an amount in the mint zerocoin text box, click mint zerocoin and the minting process will begin. Specific denominations are used to decrease the time it takes to approve your mint on the blockchain. Since every mint needs to have 2 more mints come after it before it is verified, allowing people to mint any amount they like would potentially lock coins in a perpetual state of “confirming”. Utilizing specified denominations nearly eliminates the risk that minted coins will never be confirmed. The denominations used by zXIT are: 1, 5, 10, 50, 100, 500, and 1000.

How do I spend zXIT?

The process is very similar to sending a normal transaction. In the privacy tab, you will find a familiar field in the bottom-left which lets you choose denominations to spend, enter an amount, and choose an address. Then you can click send to either receive ‘cleaned’ XIT yourself or send XIT anonymously to someone else.

Update ASAP!

It should be noted that once the spork is activated, wallets and masternodes not currently on the latest version will be disconnected from the network, so update ASAP!   Updating will reset your place in the masternode reward queue, but everyone needs to do this, so rewards will even out as the network updates to the new protocol.

To celebrate the recent XIT Pre-Sale, we’re holding a massive giveaway of XIT to one lucky winner! All you have to do is follow the steps below to be in the draw to win. The winner will be announced on Thursday, 20th of September at 12:00pm (GMT).


  1. Purchase any amount of XIT through our Ittrium Pre-Sale
  2. Follow us on Twitter and join in our Discord Channel
  3. Like, re-tweet and comment your XIT address & Discord username on our post

The winner will receive a bonus 100% XIT from all XIT sold in the next 48 hours. That means if we sell 3000 XIT, the winner will get 3000 XIT FREE! Be quick, as this giveaway will only last 48 hours. Make sure to tell your friends & spread the word!

Update: This promotion has ended and the winner has been announced. Thanks to all who participated.

The XIT Pre-Sale is here

Ittrium is a cryptocurrency project that is aimed at creating a market leading cryptocurrency with features of privacy, stability, high liquidity and reasonable Masternode and PoS rewards which is quick and convenient to liquidise to fiat. We’re excited to announce an XIT Pre-Sale! Ittrium‘s team is poised at delivering a cryptocurrency that will serve as a focal point for upcoming cryptocurrency projects to look up to in creating an ecosystem that would ensure effective stability, transparency and to set standards for other cryptocurrencies to ensure that they do not over-promise their investors and end up under-delivering.

Our strategy is twofold, firstly to use 70% of the pre-mine to increase liquidity via the creation of a defensive buy wall, minimising price volatility and investor risk; and secondly the ability to quickly and conveniently convert Ittrium into any fiat currency via a worldwide network of cryptocurrency Automatic Teller Machines. For more info, and to get involved in the XIT Pre-Sale, please refer to the links below.

The XIT Pre-Sale will be used to fund further marketing and Exchange listings.

Key links:

 

How much does the XIT Pre-Sale Cost?

 

0.00006 BTC/XIT
5000 XIT/Masternode

 

How do I get in on the XIT Pre-Sale?

Fill out the form below and we’ll get in touch. If you’d prefer, contact us on Discord now. Make sure to only speak with verified Ittrium Team Members.

 

Purchase XIT

0 + 3 = ?

Don’t forget, we’re giving away 10 XIT FREE to all participants of our XIT Pre-Sale giveaway.

 

Why should I get in on the XIT Pre-Sale?

Bitcoin is commonly referred to as digital gold. In a similar way, we consider Ittrium to be the digital equivalent to the rare-earth metal Yttrium. Yttrium is synonymous with modern technology; it’s used in the production of computers, smart phones, lasers and superconductors. The demand for Yttrium has significantly increased in recent years and its relevance and value will continue to increase in the future. In many ways, Yttrium is the perfect metaphor for the Ittrium Cryptocurrency.