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[HOST] Welcome to X1 Report, your source for the latest in blockchain news. Today, we're diving

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into the launch of a new storage app called X1 VAULT.

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[ANALYST] X1 VAULT is a novel approach to storing files directly on the X1 blockchain, ensuring that

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once you save something, it stays there forever.

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[HOST] According to Jozef from xen.pub, whose validators help run the X1 network, this app

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promises to revolutionize how we think about file storage.

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[ANALYST] The key feature of X1 VAULT is that you pay once, and every validator on the network keeps

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a copy. There's no need for renewals or ongoing costs.

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[HOST] You can save text, messages, files, or small web pages, up to 100 MB in size. The app

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splits your content into 9 KB pieces and hashes them with BLAKE3.

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[ANALYST] Each piece is written to its own X1 account, making the process efficient and secure. Once

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sealed, the file's contents and address are final.

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[HOST] On launch day, 503 validators were holding every saved file, ensuring widespread

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distribution across the network.

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[ANALYST] The cost of storing a file is around 7.5 XNT per megabyte before fees, with network fees

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and platform fees adding to the total.

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[HOST] X1 VAULT also offers encryption for private files, using Argon2id and XChaCha20-Poly1305

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to protect your data. However, there's no password recovery mechanism.

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[ANALYST] Filenames are stored on chain, so even encrypted files have public names. The app runs

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entirely client-side, with no server or database.

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[HOST] X1 VAULT also introduces a unique reward system. A 3% share of the platform fee goes into

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an on-chain pool, paid out every epoch to top contributors.

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[ANALYST] On launch day, the pool held 305.86 XNT with nine wallets on the board and no payout yet.

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The first sale was for 15 XNT.

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[HOST] The app is currently at version 2.0.0 and supports both mainnet and testnet operations,

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allowing users to try it out without risking real tokens.

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[ANALYST] For artists, archivists, and anyone needing proof that a file existed and was never

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changed, X1 VAULT offers a compelling solution.

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[HOST] That's all for today. Join us next time as we continue to explore the latest in blockchain

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technology. Until then, stay informed and stay secure.