Data Transaction Token

Data Transaction Token

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The data transaction (XD) token is the native digital asset of the Scroll Project, a set of distributed ledgers that define different use cases that satisfy data privacy and authority. Its goal is to facilitate efficient data transactions and the implementation of permanent records of transactions on the public blockchain. The Scroll Project was established in 2017, originally starting out as a peer-to-peer file-sharing application seeking to eliminate the risk of data leakage from individual users, and eventually evolved into a software suite based on Distributed Ledger Technologies. The digital asset, the data transaction token, is used to initiate private data transactions by users on the public Ethereum blockchain, making each transaction immutable.