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I thought the X was an allusion to LaTeX.
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Usually, when you see "ch" in a Latin word, it represents a "χ" in the original Greek word. Both TeX and arXiv use "X" to represent it instead. TeX because Knuth chose to be fancy, and arXiv because "archive" was no longer available.
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Interesting, thanks for the context! Makes it more understandable as a choice.
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