Introduction.

The demand for digital applications in the world today cannot be overemphasised, be it for work or for social engagements, digital applications are needed in every walks of life.

Credit must be accorded to developers who employ variety of tools to ensure that this applications are not just simple and friendly but that they are safe and secure.

The Problem

Scattered all across the blockchain ecosystem are different platforms that offer tools for the creation of application and services.

However, each platform offers a variety of tools entirely different from the other platforms, with each serving a totally different purpose.

This means that for a developer to create an application, he must employ various platforms to achieve his final product, this is time-consuming, strenuous and leaves the application without a distinct signature.

The Solution: ProximaX

ProximaX is a blockchain based platform centered on application development and other easy to use services. It offers a set of useful tools that affords software developers that advantage of exploiting blockchain technology in developing applications.

ProximaX is an Integrated and Distributed Ledger Technology (IaDLT) development platform with its multiple plug-ins held together by a common blockchain protocol that provides incentivization, identification, message recording, state management and asset exchange.

ProximaX takes advantage of the services offered by varying blockchain platforms: from large storage to high speed to large throughput to foster the creation of varying applications.

ProximaX platform is powered by blockchain technology known as ProximaX Sirius, which provides a standardised network that affords multiple core services such as streaming, supercontracts and storage.

ProximaX Core Services.

Database System

ProximaX makes available a private offer that allows users who are in need of a database to employ the Sirius database to design hybrid protocols and structures.

DFMS File Storage

ProximaX Sirius employs Distributed File Management System (DFMS) as a storage system which also encrypts data, divides them into smaller units and stores them on nodes to facilitate distribution across the network.

Real-Time Streaming

ProximaX employs a private routing protocol known as PeerStream Protocol (PSP) which allows content creators to review and stream their content without a middleman, it allows users to stream live content whilst keeping their identity private.

Supercontracts

ProximaX surmounts the problem of immutability of blockchain implemented contracts by storing contact codes in the Sirius Storage which allows for modification of contracts.

Advantages of ProximaX

1. Secure

ProximaX functions on a distributed architecture which contains numerous nodes each holding a piece of data, making it impregnable to cyberattacks.

2. Speed

ProximaX is built to accommodate large influx of data, workload and transactions. This means as many users can use the platform at the same time, glitch-free and speedily too.

3. Easy-to-use

The availability of ProximaX Sirius APIs and SDKs on a wide range of programming languages, makes it easy to integrate to various applications.

4. Transparent

ProximaX guarantees immutability of stored data by encrypting data and default time-stamping.

5. Flexible

Applications built on the ProximaX Sirius platform can be used on the platform as well as cross-linked to function on other platforms.

6. 100% Availability

ProximaX is an Integrated and Distributed Ledger Technology (IaDLT) platform and as such it is wired to ensure that the system has no downtime.

ProximaX Sirius Chain

The Sirius Chain is the backbone of the ProximaX ecosystem, it is based on the layers version of the NEN blockchain called "Catapult".

Sirius Chain is a modified blockchain that hosts all the varieties and options present on other application and software developing blockchains all in one ecosystem and it is custom-built to provide tools that allows for the creation and modification of new and existing applications respectively coupled with the incorporation of services.

Features of Sirius Chain

1. Allows for safe and fast processing of large number of transactions.

2. Guaranteed network security.

3. Allows for basic transactions and an avenue for cryptocurrencies to be adopted for other purposes other than payment purposes.

4. Facilitates an environment that allows for the incorporation of new application and services.

ProximaX D'Apps

ProximaX is accommodating to intending and existing software developers and as such it offers various applications which enables the successful deployment of both existing and newly created applications on the platform.

This makes onboarding of applications to the ProximaX ecosystem and aids easy transition.

1. ProximaX Forensics

This tool enables users to securely store data for future use as it is secure and guarantees privacy.

2. ProximaX FileIT

This grants users the power to transfer saved files securely across the platform by employing nodes.

3. ProximaX KYC

KYC is a very important blockchain requirement and as such ProximaX KYC offers an advantage of securely managing private records of customers at a cheap price more accommodating than the price of centralised ecosystems.

4. ProximaX Suite

ProximaX offers pre-designed, secure and ready-to-use word processing and spreadsheet tools for collating user information and keeping it secure.

5. ProximaX Notes

This is a blockchain powered note-taking application with a cool feature of embedding images to text. Blockchain ensures that files are encrypted, guaranteeing security and privacy.

6. ProximaX Identity

This uses blockchain to incorporate Internet of Things and identity management guaranteeing generation of unified source of data and personal information security.

The ProximaX Protocol.

The ProximaX ecosystem runs on two protocols:

(1) Proof of Stake (PoS)
(2) Proof of Greed (PoG)

Proof of Stake is a consensus that rewards greater incentives to users with greater participation on the ProximaX network.

Proof of Greed is a unique consensus designed by ProximaX to ensure that no more becomes too greedy, this guaranteeing safety and trust on the ProximaX network.

ProximaX Tokenomics

ProximaX tokenomics is designed to accord economic incentives based on a reputation system of workdone.

The reward design is such that users on its network are grouped based on similar interest to achieve a specific goal, therefore ensuring the continuity of the network and guaranteeing incentives for its participants.

The basic principles of ProximaX tokenomics design include:

1. Adaptability to hostile attack from within the network.
2. To enhance the use of core services within its ecosystem.
3. To enhance the incorporation of external infrastructure to its network.
4. To promote synergy of users in its ecosystem.

Token Ecosystem

ProximaX platform consists of 3 major tokens:

1. ProximaX Native Token (XPX)
2. Service Units
3. Custom Tokens (Mosaics)

ProximaX Native Token

The XPX is employed in the payment of servic s on the platform and is used to power the blockchain layer.

Users must pay in XPX to guarantee the usage of the services on the ProximaX platform such as the ProximaX Sirius public network.

Service Units

Service units are employed to execute smart contracts. They are used to incentivize nodes in order to run a service, they also indicate the capacity of a node in providing a service.

Consumers can also employ service units in payment of platform services.

Custom Tokens (Mosaics)

Mosaics are in-built contracts on the blockchain protocol. They have been pre-defined to enable representation of digital assets on the platform.

Mosaics can be employed for crowd funding and to power the inner economy of D'Apps.

RoadMap

Team

Partners

Use Case

Basil Okpara Jnr is fascinated about developing digital applications, He is constantly torn between getting the right platform that offers all the tools in one environment, but has always been left disappointed. It doesn't seem like a possibility.

Basil Okpara Jnr designs are awesome and the demand for more custom-built digital applications keeps pouring in, but Basil cannot seem to meet up with these demands due to having to move the developing of his application from one platform to another, which is very time consuming.

Soon enough Basil hears about ProximaX platform and the benefit of hosting all the tools in one environment. He jumps at this bail out plan.

Now Basil has developed many applications and can also exercise control of ownership on this applications.

Conclusion

The immense advantage that ProximaX offers cannot be ignored. The possibility of hosting all development tools in one ecosystem is a dream come true for developers and also a step closer to building truly effective applications.

For More Information

ProximaX website
ProximaX WhitePaper
ProximaX at a Glance
ProximaX Telegram
ProximaX Medium
ProximaX LinkedIn
ProximaX Facebook
ProximaX Twitter