User:Irazari/sandbox

Tixl (TXL) is a post-quantum secure cryptocurrency and is the native token of the Tixl Ecosystem. The supply of TXL is limited and pre-mined. The maximum supply was 900,000,000 TXL (900 million TXL). The supply can never be increased. Through token burns, the 900 million TXL will decrease over time; making it a deflationary token. Currently, as of 17 Nov 2020, 899,994,671 TXL is the maximum.

TXL provides the basis of a next-generation payment network – Tixl’s Autobahn Network - allowing Bitcoin, and other digital assets, to be transferred quickly and with low transaction fees. In addition the network can handle AML-compliant privacy. The Autobahn Network is a Layer 1 platform that serves as a base layer for tokenizing assets, increasing the exchangeability of existing assets and can be used for any scalable DeFi app that would benefit from low transaction fees, high speed, interoperability and AML-compliant privacy. The Tixl DeFi ecosystem is currently in development

History
Tixl was founded as a German non-profit limited liability company - the Tixl gGmbh – with the first concepts and legal preparation being completed in 2018, before the official launch in January of 2019. The website was first launched in March of 2019 along with the released of the first version of the White paper.

Upcoming milestones due by the end of 2020 include both Bitcoin and Ethereum integrations, along with the first Mainnet release.