ExclusiveCoin's (EXCL) Whitepaper claims that the coin is a privacy focused decentralized open source cryptocurrency, and was launched in 2014. Its most recent version is based on Bitcoin core 0.10.x code base and has modifications of Dash Core 0.12.x and Blackcoin PoS 2.0 protocol.
EXCL uses a network of masternodes for a visible decentralized payment system with transaction privacy. The goal of EXCL is to find solutions to block confirmations in Bitcoin, Proof-of-Work consensus system in DASH while leaving decentralized ledger and masternode technologies. EXCL claims 60 second block times and Proof of Stake as block verification consensus protocol.
The coin uses Proof of Stake 2.0 which requires nodes running a wallet software to prove a blockchain holds coins in order to verify a block of transactions. Participating nodes receive an amount of blocks proportional to their stake per set period as a form of reward.
The masternode network includes nodes running the same wallet software on the same blockchain to provide services to the network including coin mixing for increased privacy of transactions, instant transactions, and syncing with the network. It also has a reward program where masternodes are full nodes that must provide a level of service to the network and have a bond of collateral in order to participate. This allows masternode operators to provide a service to the network, earn payment for their services and reduce the volatility of the currency.
Masternode operators must demonstrate control over 5000 EXCL. Like miners, masternodes are paid from the block reward, 45% dedicated to the program.
May 2, 2018