Bitcoin transactions are slow, expensive and traceable. People value Bitcoin as an investment, but not as a means of payment.
"Bitcoin isn't currently practical for very small micropayments."
- SATOSHI NAKAMOTO
A number of different concepts for improving Bitcoin have been developed, with the ultimate goal of achieving fast and cheap transactions, or to provide privacy. The Autobahn Network provides a perfect combination of them all.
The Autobahn Network employs the most sophisticated technologies to have emerged from the blockchain world over recent years to build a decentralized network, tailored for payments. Bitcoin, and other digital assets, can be sent to the Autobahn Network. Once they are in the network they can then be transferred quickly, privately and with low transaction fees.
In a world headed more towards digital currencies, we must secure and preserve the essential properties of traditional money. No one wants the public to be able to look into their monetary transactions, whether they are governments, companies or private people. In addition, all users of a digital asset want to pay the lowest transactional fees possible - the higher the fee, the lower the potential for widespread adoption. Last, but not least, if a future digital asset is slow in terms of transaction speed, it is not a future asset.
To fully appreciate high-speed, you have to experience it yourself. We have developed a fully working Testnet specifically for this purpose.
Create your wallet
Claim free testnet tokens
Experience the Autobahn Network
Invite your friends
Optional: You can see transactions on Explorer and use another browser or an incognito-window to launch a second wallet to test the SEND feature.
Who is behind the project?
The Autobahn Network has been developed by the non-profit company - Tixl gGmbH, based in Hamburg (Germany). Tixl raised seed capital of USD$1,350,000 in early 2019 by selling the Tixl Token (MTXLT) to retail investors. MTXLT runs on Binance Chain currently and is already tradable on the public market. The Tixl token will later run on the Autobahn Network, with the token used internally to pay for transaction fees etc.
Do I need TXL to send and receive BTC and other third-party assets?
To ensure the greatest usability, we decided against using TXL directly as "fuel" because it would provide an obstacle to use if you had to buy TXL before you are able to transfer BTC, or other digital assets. The same issue has attracted criticism from users of other networks that support different assets. As a solution, we settled on the idea of allowing transaction fees for certain assets (for example, BTC) to be paid in their native currency. One can send BTC through the Autobahn Network without having to purchase TXL and pay much lower fees than you would on the Bitcoin blockchain itself.
How is the value of the Tixl Token enhanced by the Autobahn Network?
The native fees generated are used by the most trusted validators to purchase TXL on the public market, and these TXL are immediately burned. Buying TXL using the transaction fees increases the demand for them on the open market, and by removing these tokens from circulation (by burning them), the value of the remaining TXL increases.