Infinex coin - Review

saponos (25)in #masternode • 7 years ago (edited)

A revolutionary hybrid model that combines the power of Proof-of-Work and Masternode network for making a secure application layer available for different end users. Built over a decentralized network Infinex Coin, allows unlimited participants to participate in its blockchain without anyone controlling it.
Advantage?
There is no single point of failure over the decentralized network adding to its security and availability.
How is Infinex coin and other coins built on it legit and useable?
Harnessing the processing potential of its Masternodes, Infinex application layer allows anyone to build an application on top of it for social networking, live streaming and multiplayer gaming Apps. A use case driven currency Infinex automatically adds value to the coins as they will be used for transactions in the applications.
With a hard cap of 26,280,000 coins can be mined over 10 years adding value of store also to the coins.
Infinex is currently listed on the premier exchanges CoinExchange and Cryptobridge.

Infinex technology advantage over its mother blockchain Dash. Infinex has a block time of 90 seconds that is competitively lower than its mother blockchain. A significantly lower block time renders advantage of speed to the innovative application layers of new coins built on top on Infinex. .
Wait there is much more to the Infinex!
· Superior and efficient algorithm
The efficiently designed Lyra2Z Asic algorithm makes the power consumption figure very low when compared to Bitcoin as the Infinex runs on GPU rather than Asic.
⦁ Mining Pool
Infinex offers a mining pool where the resources can be pooled together to increase the mining power and the rewards are split equally. Automatic payouts are made every hour.
· Incentivization
Miners are incentivized through a mining fee generated over each transaction and they receive new coins for the POW task.
· Secure and stable blockchain
With a unique initiative of reducing the block creation difficultly with compromising the security of the blockchain, a unique feedback loop known as InfiniLoop has been introduced.

It works by retargeting the difficulty level of block creation for every 40 blocks. If the time of resolution of 40 transactions is more than 1 hours, the difficulty level of approaching transaction blocks is reduced.
What it brings to the application layers is the advantage of speed despite of the increased number of the transaction!
· Network safety
Infinex uses InfiniGuard that administers the Minimum-Chain-Work and Best-Block-Hash.

The Minimum-Chain-Work means that for every new block that is submitted by miners has a difficulty level above than the minimum chain work value. This ensures that the safety of blockchain will never be compromised and a chain will be rendered invalid if the difficulty level is less than the set chain work value.
The Best-block-Hash value works similar to minimum chain work if the transaction does not have the best-block-hash value, it identifies it as an invalid chain and returns back to the parent Infinex chain
Vision and Roadmap
Infinex is rapidly developing an InfiniAppstore that would be built on top of the Masternode network. The primary accomplishment that can be achieved with this blockchain AppStore focuses on development and download of decentralized apps easily.
The projects that will be on-boarded on Infinex Application layer are live streaming Apps, multiplayer real-time games, and secure social media Apps.
With Masternode network the applications will be available over a secure and all time available network. The data that will be parsed over application layer will the encrypted and the miners and Masternodes will be incentivized for resolving the transactions. The value that is generated over the network will be distributed among the Masternode owners and miners.
As an instrument of investment and Application building platform, Infinex Coin is a next-generation blockchain innovation.