ProximaX Platform NEM- Based Decentralized Application review
ProximaX is a platform for easy-to-use application and service development. The new decentralized ledger technology in the future. The blockchain industry is robust that for a new project network ProximaX is the new-generation of successful projects. Instead of focusing on different blockchain technology, ProximaX is a set of tools for developers to use in order to build their applications while taking advantage of the benefits of blockchain technology. they must offer the whole package smart contracts, like software development kits.
Proximax came with the idea of implement different applications which will serve as tools to make work more easier for developers and business owners who are ready to implement their apps or develop new applications on their network and this is more easy to do. Some of this tools include:
Proximax KYC which will help in managing sensitive identity records of your various customers with low cost that other similar third parties.
ProximaX Suite which tends to be a blockchain spreadsheets which will help in creating more security to users information.
Proximax Forensics will help users to acquire more information about security, data’s and even private issues. This will give users more priviledge to store their information for future uses.
The Problem
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.
To guarantee trustworthiness and worth, ProximaX utilizes a multi-layered accord conventions for democratic, administration, gathering, and to reward organize hubs contributing capacity and data transmission assets to the system. The three noteworthy accord conventions will be utilized to oversee on chain and off chain assets, administrations and exercises are: Proof-of-Importance (PoI), Proof-of-Storage (PoSt), and Proof-of-Bandwidth (PoB).
Storage
ProximaX modernizes your storage network based on the Distributed File Management System (DFMS), ensuring reliability and high performance, which is essentially the purpose of this point-to-point distributed architecture that makes the network decentralized and users free from the influence of any third-party storage provider. The system is immune to traditional security and privacy threats, since the system relies on encrypted and fragmented file storage on a point-to-point network. The absence of any central authority makes the network accessible 100% of the time, as if some nodes were disconnected, the next sufficient node takes its place.
SIRIUS CONTENT REVIEW
With content providers being directly in touch with the end user, they have enormous opportunities for content review through the consensus protocol. Also the economics of the ProximaX environment which is built around the XPX coin opens feedback channels. Content can be segregated for public and private viewing, files can be transferred with varying levels of encryption. This is a whole new vista for developers and users where they can use the inner exchange economy to create new core service (such as a search engine) and their associated tokens.
SIRIUS DATABASE
"The Sirius Database is a private-only service offering, unavailable to the public protocol. Applications requiring a database can use the Sirius Database to build hybrid architectures that can still access the core services of the public infrastructure."source This is a cross platform- capable component as it can also work and transact outside of ProximaX, including Ethereum Virtual Machine and IPFS. With clients increasingly depending on thousands of data files available instantly, ProximaX provides an immutable secure database service which is inherently safe from hacking attacks and downtime accidents the traditional centralized internet architecture is prone to. Moreover every stored data is encrypted and time-stamped by default, ensuring transparency and traceability.
Transmision
The surprise in innovation is based on the PeerStream decentralized network routing technology, the mechanism goes hand in hand with Blockchain technology, joining force for cybersecurity, specifying advanced protection, for its high performance, messaging and multimedia communication, Focused on strengthening privacy and security, this new generation mechanism comes to protect the privacy and security of applications and communications.
Its design offers a growing package of tools created to drive secure and real-time message and data channels; With the ability to support streaming videos.
ProximaX tokenomics is extensive, demonstrating for the first time that apps of any kind can be provided for a fee. This approach is unique to ensure the sustainability of the ecosystem.
"XPX is the native currency of the ecosystem. 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). In addition, ProximaX will be introducing a stable coin so that users get to pay ASPs similar to how mainstream services are being sold i.e. in a fixed value vis-a-vis a volatile cryptocurrency."
Advantages of ProximaX
- 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.
- Transparent
ProximaX guarantees immutability of stored data by encrypting data and default time-stamping.
- Secure
ProximaX functions on a distributed architecture which contains numerous nodes each holding a piece of data, making it impregnable to cyberattacks.
- 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.
- Flexible
Applications built on the ProximaX Sirius platform can be used on the platform as well as cross-linked to function on other platforms.
- 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.
RoadMap
Team
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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