First n foremost, this is my first significant post. Hope to get positive response from you guys!
As off now, we have around 274 MNs listed on the masternodes.online and among them, it can be safely considered that around 80% coins are just another random fork of an existing coin with reward systems set like a ponzy scheme. They start with a high reward to lure early adopters and as time goes on, they are the only ones who can dump huge amount of mined coins and leave everyone else stranded with a copy-paste coin.
Today, I'm going to talk about a coin, which actually adds-on something really new to the crypto-currency ecosystem. After 3 years of back-end research and development, they have come up with a third generation blockchain protocol. A multi-tiered platform with this protocol can move multiple block chains through single nodes retaining the security and adding the scalability and the efficiency to the platform.
To overcome the scalability issue, zilliqa uses a new method called sharding, more precisely, "network sharding, transaction sharding and computational sharding" and ethereum on the other hand promises to use something, which can be termed as "state sharding" and both of these protocols have their own challenges. For details follow:
Artax team uses their own Encryption Cache Persistence (ECP) proprietary protocol, which is fundamentally a new way of storing and managing blockchain as well as other forms of data efficiently. Use of ECP protocol in the platform helps to circumvent the bandwidth lag due to high block size and thus, removes the scalability issue from the ecosystem.
The ECP protocol is implemented on the Remote dictionary server (Redis), which is an open-source, in-memory, key-value database and is capable of storing and handling high-level data types. ECP together with Redis architecture should drastically change how the world views the functional capabilities of the blockchain technology space in the years to come. For example, I find two simple use cases of the efficiency and scalability gains from the ECP protocol and one of which would be the ability to secure, transmit and maintain the blockchain with mobile devices, which no other platform on the market is capable of doing at this moment.
The other application of the platform: Enhancements to the Artax protocol should eventually lead to an interface that acts not simply as a wallet, but also incorporates a service exchange (DEX and marketplace capabilities).
Among other applications with upcoming platform releases:
i) Browser integration
ii) Atomic swap: Atomic Swap capability with other lightning network capable coins such as BTC, LTC, Decred, DGB, etc.
iii) Data storage capabilities on the blockchain network!
iv) Strip shop functionality (Virtual Shop with Virtual reality integration with the Samsung Gear VR which is completely unique in the space.)
v) A new sister chain is being created to run within platform which will be streamlined with our Encryption Cache Persistence tech.
vi) Decentralized and Encrypted Messaging made easy-the Artax Platform will facilitate both NIST and AES spectrum communications with support of both symmetric and asymmetric block ciphers.
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Here it is important to mention that Artax nodes are also a significant paradigm shift in several ways. First, proprietary hashing algorithm that restricts and reduces the flotation of orphan blocks and makes available shared blocks for future use. Secondly, Quark-hash algorithm with additional Artax improvements brings intensive yet lightweight hashing functions to protect, secure, and expand the capabilities of the Artax network and third, a secondary layer of security provided by a proprietary cipher overlaid on the Quark-hash algorithm brings extra security and privacy in the platform.
Speed
PayPal : 193 transactions per second on average
Artax : 160 transactions per second on average/500 transactions per second with beta wallet launch!
Bitcoin : 3 to 4 transactions per second on average
Ethereum : 20 transactions per second on average
Wallets
Windows: http://artaxcoin.org/dl/ArtaxLatest.zip
Mac: http://artaxcoin.org/dl/Artax-Qt.dmg
Linux: https://s3.amazonaws.com/files.artaxcoin.org
Android: Coming Soon
GitHub Source: https://github.com/artaxcommittee/artaxcoin.org.git
Exchanges
SouthXchange: https://www.southxchange.com/Market/Book/XAX/BTC
Stocks.Exchange: https://stocks.exchange/trade/XAX/BTC
Crypto-Bridge: https://wallet.crypto-bridge.org/market/BRIDGE.XAX_BRIDGE.BTC
Community
Twitter: https://twitter.com/ArtaxCoin
Discord: https://discord.gg/6Aekgjq
WooHoo!!!
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