The ProximaX Sirius Platform: The Mother of All Blockchain System

in #bilpcoin4 years ago (edited)

Bitcoin now seems to be a very simplistic application of blockchain technology. Ethereum pioneered the stage for running smart contracts over blockchain. Later several blockchain projects were developed, each of those catering to some specific purpose. Some were focussing on speed of transaction, some on storage space, some others were integrating IoT and AI while some were specifically facilitating logistic solutions and so on and on. With time hundreds of blockchain projects evolved in this space, each serving some specialty segment or use cases. Some even experimented with various consensus options and some with a varied level of privacy and confidentiality.

All these though evolved the blockchain space to a new frontier, it did lend a lot of confusion among developers.. With availability of so many different environments for development, dApp developers were often confused about the suitability of a blockchain for their project. Different coding languages for different projects also posed some restriction for the developers. In recent past, we have seen several dApps switching blockchains even after implementation of their projects as they realize that some other blockchain was more suitable for their dApp. Some project switched from NEO & ETH to TRON, some from ETH to EOS while some switched from ETH to Steem. Some even operate on multiple blockchains. It's always difficult to assess the best suitable blockchain for one's project as ideas, vision and scope of a project may also evolve further than what a blockchain can offer during its development.

ProximaX

There comes in Proximax. Proximax's vision is to offer all the capabilities that a blockchain is capable of today in one blockchain ecosystem. It encompasses everything to offer a complete package of possibilities to developers including transaction speed, scalability, storage, smart contracts, streaming, SDKs, IoT capabilities, tokenized asset issuance, cross-chain asset exchange ...and everything imaginable. It is going to provide a full-fledged platform offering a wide range of easy-to-use development tools to dApp developers for universal application development.

Proximax makes it possible for developers to build a social media platform for blogging, photo sharing, live video streaming, micro-blogging, online decentralized market places, payment systems, business services suites and everything else that internet can offer. It's beyond making a new blockchain. You can even customize your own consensus system making it centralized, semi-centralized or completely decentralized as per your project's needs.

Sirius Chain


Sounds like some magic? Proximax makes it real with its Sirius Chain at its core.

Sirius blockchain uses a PoS (Proof of Stake) consensus algorithm at its core. Its model was adopted from the successful NXT protocol and was enhanced further. While in NXT blocks are generated every minute, Sirius has made it 4x more efficient by making it possible in just 15 seconds. With a limited token supply, ProximaX PoS system rewards by redistribution of work & transaction fee. To limit the transaction fee a node can charge, it has come up with a unique PoG (Proof of Greed) mechanism. In this mechanism, the Sirius Chain aims to redistribute a higher probability of success to consumers who opt for lesser fee. This adjusts and optimizes the transaction fee distribution to arrive at equality with maximum utility.

ProximaX Core Services


Storage & Supercontracts


No, unlike other blockchains Sirius doesn't rely on IPFS system for decentralized storage. In fact, it has devised its own file storage system called DFMS (distributed file management system).

Supercontracts are Contracts that execute via a distributed manner with a pre-agreed consensus mechanism, developers can access pre-existing sets or create their own. Supercontracts are very robust as well as flexible. Supercontracts can be restarted, amended, halted, augmented and discontinued ...and all these can be done off-chain so as to not interrupt the integrity of the Sirius Chain in the event of unforeseen problems.

Database


The Sirius Database is not a public protocol but a private-only service. Applications that need a database can use the Sirius Database to build hybrid architectures that can still access the core services of the public infrastructure.

Streaming


Sirius Streaming has two components:
(i) Pre-recorded in storage
(II) Live streaming

Content Review


This allows content managers to create a review processes according to pre-determined consensus mechanism throughout the protocol.

ProximaX token ecosystem


ProximaX token ecosystem has an interesting architecture. It's a two layer system:

Internal:

  • XPX is the ProximaX's native utility token that powers the blockchain and pays for availing / consuming various services.

  • Service Units are various form of service units can be purchased with XPX as required e.g. SO (Storage Units), SC Supercontract Units), SM (Streaming Units),RW (Review Units) etc. This can be exchanged in the automated inner exchange built on top of the Sirius chain.

  • Custom Tokens or Mosaics can be created for dApp ecosystem as and if required by the dApp developers. Mosaics can be customized according to a dApps requirement with features such as Divisibility, Duration, Initial Supply, Supply Mutability and Transferability.

External:
End user payment module including fiat or crypto exchange can be built and integrated into any appilication built on top of the PromimaX platform.

Sirius Chain Core functions


Account - Parallel to application onboarding section
Namespace - Parallel to application onboarding section
Mosaic - Parallel to application onboarding section
Metadata - Parallel to application onboarding section
Multi-Level Signature* - Used to build multi-level agreements
Cross-Chain Transactions - Transactions between two Sirius Chains; private and public; called an “atomic swap”
Entails locking funds on one chain (sender) and making a counter-asset available to another chain (receiver)
Aggregated Transactions - Combine multiple transactions

Conclusion


ProximaX is a great attempt to provide a holistic blockchain ecosystem to developer as well as consumers. Its idea of Integrated and Distributed Ledger Technology has resulted in diverse range of apps on a single blockchain ecosystem like :
ProximaX KYC (enables fast and simple end-to-end counterparty onboarding by providing secure storage for sensitive information with a permission-based access).
ProximaX Suite ( an enterprise-ready, end-to-end office suite including application like word processing, spreadsheet, presentations etc. on a decentralized blockchain)
ProximaX File It! (A file sharing system on blockchain)
ProximaX Forensics (enabling investigators and scientists to access digital evidence easily, quickly and also store digital evidence securely).

This proves that almost all kinds of apps are possible to integrate over this platform. It will save a lot of hassle for developers to develop and learn about multiple blockchain platforms and focus their energy to build on their application as everything needed to them is being made available on a single platform that is capable of all a modern new generation blockchain can offer. What else one wants!

Go ProximaX!

For more details please refer the White Paper here.

Sort:  


Congratulations @xyzashu!
You raised your level and are now a Dolphin!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Hi, @xyzashu!

You just got a 0.54% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Sneaky-Ninja-Throwing-Coin 125px.jpg
Defended (50.00%)
Summoned by @xyzashu
Sneaky Ninja supports @youarehope and @tarc with a percentage of all bids.
Everything You Need To Know About Sneaky Ninja


woosh

You got a 100.00% upvote from @minnowvotes courtesy of @xyzashu!

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.034
BTC 64158.52
ETH 3293.13
USDT 1.00
SBD 4.46