Italo

ITALO is a privacy network which allows users to transact privately over the internet, providing a suite of tools to help maintain the maximum amount of anonymity possible while transacting and (coming up) Shopping online.

- Blink Transactions
- 1 Minute BlockTime
- Service Nodes (Pulse)

Service Node Activities
Full nodes become Service Nodes when the owner locks the required amount of $XTA and submits a registration transaction. Once accepted by the network, the Service Node is eligible to win block rewards. Multiple participants can be involved in one Service Node and can have the reward automatically distributed.

NODES OPERATORS
It is worth noting that Service Nodes operators will need to stay up to date with new updates to keep in line with software and hardware requirements. It’s also important to note that Service Node owners must run the Service Node 24/7 otherwise they will be decomissioned!

SERVICE NODES ARE REQUIRED TO
• Monitor other Service Nodes and vote on their performance
• Be called into quorums which give them authority over instant transactions (Blink)
• Create new blocks (Pulse)

POS OVERVIEW (PULSE)
Every 60 seconds, a leader is chosen from the top of the Service Node list. This leader creates a candidate block which they send to 11 randomly chosen Service Node validators. The validators ensure the block is valid, then perform a group ceremony to create a random value. Once the ceremony is finished, each validator includes the final random value in the candidate block, which they sign and send to their validator peers. Once a candidate block has more than 7 signatures, it can be published to the network as a valid block.

BLOCK REWARD RESTRUCTURE
The current logic of sequentially rewarding each Service Node in a sorted list would be preserved, however for a Service Node to win this reward they must act honestly as a leader by producing a valid candidate block.

INSTANT TRANSACTIONS
With Blink, $XTA becomes one of the firsts cryptocurrency to offer secure, private, anonymous transactions in real-time. The possibilities are endless — limited only by your imagination.