XanaxCoin is a PoW/PoS hybrid cryptocurrency that allows fast and anonymous payments to anyone in the world. Its X11 algorithm is well known for providing strong privacy protection. Xanax is a free open source peer-to-peer electronic cash system that is completely decentralized, without the need for a central server or trusted parties. Users hold the crypto keys to their own money and transact directly with each other, with the help of a P2P network to check for double-spending.