About ProximaX
ProximaX is set to dramatically change the way industries adopt blockchain technology by combining all their needs like blockchain, storage, streaming and an advanced consensus algorithm to enable an all-in-one platform for cross-industry application and decentralized app developmen ,all together in one platform.
ProximaX uses NEM based block chain technology so it provide full freedom for accessing their network anyone, there is no restrictions.
For Dapp developers they get liberty and flexibility to design their own unique monetization models with out any restrictions.
ProximaX aims to create a complete scenario of universal development of applications such as blockchain as a value anchor between builders, funders and consumers of this new paradigm
The project was cofounded by Mr. Lon Wong, the first president of NEM foundation & Mr. Alvin Reyes, a serial entrepreneur and software developer. Their vision was to make blockchain technology relevant by integration of distributed technologies and file management systems. ProximaX was created as a platform solution that included a blockchain component as a subset in the platform, so ProximaX was made to be a holistic solution platform. It has different types of testnets running for different type of nodes and mainnet is supposed to be launched in 3rd quarter of 2019.
Why ProximaX
-Easy to Use: The ProximaX Sirius’ APIs and SDKs are available in a broad range of programming languages making it easy to integrate with a wide range of applications.
-Low cost: Developers can create DAaps easily without great technical know-how in the platform due to its powerful blockchain with off-chain distributed technologies. It saves great time and reduces the total cost of ownership. The platform has a PoG (Proof of Greed) system to ensure proper distribution of power among the nodes which ensures that exorbitant prices are not charged for validating a block. Transaction cost remain very low amidst high traffic also.
-Speed: Through the implementation of a peer to peer technology, ProximaX created a system where data transfer is fast and efficient.
-Flexibility: Users of the platform can build applications that work on networks within ProximaX, as well as outside the network; ETH and BTC for example.
-Configurability: It has a feature of deploying both private and public blockchain. The permission less offering is the public blockchain solution while there is a private blockchain to serve the need of the enterprises. The platform can be configured according to the need.
-Scalability: The freedom to build and implement applications that handle data of varying sizes and data rate.
-Economical: These services are staggering cheap when compared to other available networks available.
-Secure: The distributed architecture makes the system impervious to cyber-attacks and similar vices.
Sirius Blockchain
Integrating blockchain protocol with of-chain service layers is difficult. ProximaX Sirius platform is the core platform solution in the ProximaX ecosystem and it aims to integrate blockchain protocol with off-chain, peer-to-peer storage, streaming, and database service layers that are often found in traditional software-as-a-service (SaaS) centralized architectures. It provides merits of a blockchain network and conventional centralized database solutions both.
Sirius chain adopts the POS, Proof of Stake and POG, Proof of Greed sets of blockchain consensus algorithm. The POS system allows wealth and age to have a direct impact on the reputation system of the nodes in terms of validating transactions while it uses POG to ensure that no node is too greedy in accepting transactions with high fees relative to time so that the distribution of incentives and/or responsibilities can be fair across the participating nodes and the network can be more optimized and secure.
storage
The storage service layer is not only trustless but also efficient with its unique Distributed File Management System (DFMS). What happens here is that the system stores binary (structured and unstructured) data in randomly hosted peer to peer storage devices which are selected by the networks consensus algorithm.
supercontracts
These are the executable codes stored in the systems storage nodes which are responsible for the incentivization.
streaming
Sirius chain accomodates both livestreaming and storage streaming, which means pre-recorded data can be streamed to viewers and broadcasted later likewise live data which can be broadcasted immediately. This results in possibilities of developments of platforms like Vimeo, Youtube and so on.
content review
Through this service layer, content managers have the ability to facilitate consensus based review on the network.
Native Coin XPX & the eco-system
ProximaX native coin is XPX. XPX is a utility token whose value is derived from demand and supply. XPX will be used to subscribe to various services of the eco-system. ProximaX wants to develop a configurable economic model based on periodic subscription. Total XPX token supply is 9 billion. There is another stable coin also in the eco-system. Both of which can be used to avail services.
TOKEN ECOSYSTEM
The XPX token is the native currency of the ProximaX network. It is used to pay for transactions on the public blockchain in order to incentivise its network of public nodes that process and record transactions for application service providers (ASP)
Two Layers :
Internal: Native Tokens, Services Units and Custom tokens.
External: End-user payments - Any method of payment.
More about Proximax
https://www.proximax.io/
https://bit.ly/2koqP5l
https://medium.com/@proximaxio
https://t.me/ProximaXio
https://twitter.com/ProximaXio
https://www.linkedin.com/company/proximaxio
https://www.instagram.com/proximaxio/
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