ProximaX is a next-generation integrated and Distributed Ledger Technology ("IaDLT") infrastructure platform pioneered via blockchain technology. In a nutshell, ProximaX combines the best of both worlds in the shape of traditional centralised database solution and blockchain technology to reduce the stress quota that users and developers may likely face when adopting this technology.

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 proposal

ProximaX is deploying an amazing network called the ProximaX Sirius Platform which combines both and on-chain solution built on tip of the powerful NEM blockchain and an off-chain infrastructure that works in perfect synergy with the blockchain layer to address the challenges current pure on-chain networks are unable to handle.

Sirius chain
Mosaics-
Any type of service that is rendered by an application must be quantifiable, so that the digital representation of the business services can be done. In order to facilitate this objective mosaics can be created as contracts on Sirius chain. It can represent anything the application wants to. Say for example, a share, a vote, a coin, an animal or anything the business developer wants.

Namespace-
The domain representation of an application can be created through namespace.

Account-
An account is needed by any application & it consumes any of the service they render.

Metadata-
Accounts, Namespaces, Mosacis are immutably recorded on Sirius chain. That cannot be modified. So in order to have additional flexibility to the business purpose the metadata can be added as an attachment. The metadata can be modified or deleted.

Aggregated transactions-
Multiple transactions can be batched together & executed by generating a one-time disposable contract. This is known as aggregated transactions in Sirius chain and it saves a lot of time.

Cross-chain transactions-
It is essential for the business applications developed on the top of ProximaX Sirius to interact with the main chain. From business point of view, it is most important because from time to time it may require interacting with the main chain tokenomics, therefore the interoperability is needed between the applications and the main chain for swapping of assets. Sirius chain supports atomic swap of assets between the main chain and the side chain. This feature will also ensure a healthy business ecosystem.

Multilevel Multi-signature-
It is a very useful feature of Sirius chain from a business perspective. The multiple parties at multiple level of a business can reach an agreement and co-sign from their respective accounts using this multi-signature function.

Proximax Advisors

Proximax Leaders.

partners

More information & resources

proximax.io/