Writing Contest! ProximaX The Future of Blockchain

in #contest4 years ago (edited)

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Source of image taken from ProximaX's website and modified with PowerPoint

Since the blockchain system was born with Bitcoin, decentralization has brought great technological benefits. The blockchain system is decentralized, immutable and incorruptible. It is an accounting book where all transactions that are made through a blockchain and are in the public domain are recorded.

Decentralization has allowed new projects and platforms to emerge in all areas of society, but despite the great benefits, the blockchain has not yet been massively adopted due to the limitations it has: speed of its transactions, scalability, the high energy cost of your mining among others are some of these limitations.

The blockchain is an open source, auditable and reliable available to everyone, so it continues to grow exponentially as new projects and applications are born.

Companies that wish to succeed in this ecosystem must be at the forefront of application development, software maintenance and solve the problems that hinder its mass adoption.

ProximaX is the revolution of the technological future of the blockchain because it unites the sophistication and talent of the blockchain industry to respond to a highly competitive and demanding market to enhance the development of highly secure and profitable system applications and solutions.

ProximaX offers for the projects to be successful the tools necessary to achieve success by giving their customers the complete package: smart contracts, scalability, SDK (software development kits), IoT cases (internet of things) and agnostic possibilities of asset exchange.

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ProximaX is the future of the blockchain system in an increasingly demanding and competitive decentralized system that unites the sotisficacion and talent of the blockchain to offer its customers the tools that make their projects highly competitive and successful in offering the complete package: contracts smart, scalability, SDK, IoT cases and possibilities of asset exchanges

ProximaX is an application and service development platform that is not only easy to use, but not only focused on blockchain technology, ProximaX is a set of tools that developers can use to create applications and at the same time take advantage of the benefits of the blockchain.

ProximaX goes further and breaks the technological paradigm of just creating a blockchain, or a case of using a killer application. ProximaX's mission is to create a complete platform for universal application development with the blockchain system as an anchor of value to builders, funders and consumers.

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With ProximaX, users can build:

• Social media platforms (such as FB, IG, etc. WITHOUT infringing privacy)
• Streaming services (Netflix, YouTube, etc.)
• Business services (Google Sheets, Tracking Software, Wrike, etc.)
• Almost anything else!

Karen has a small accounting firm and at the beginning everything was going very well, but growing rapidly and having more clients every day made it difficult for her to have the appropriate and customized financial tools for her clients.

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Source of image taken from ProximaX's website

One day a friend told him about ProximaX and the wonderful platform where you can create the software you need for your company and Apps according to your needs and requirements in an easy, fast and low cost way.

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Source of image taken from ProximaX's website

Thanks to PriximaX, Karen's company continues to grow and be successful.

Currently there are many projects in the blockchain system that offer part of the package to improve the customer experience such as: high transaction speeds, scalability among others, but despite this there is no cohesion between the various tools which makes it difficult to The developers start applications.

This is the big current problem within the blockchain development space. In the absence of cohesion means that developers have to join components that do not work well or create their own solutions, which is prohibitive in time and cost. This creates an obstruction on the path to mass blockchain adoption.

ProximaX is a set of decentralized technologies, with blockchain that acts as the core of tokenomy. Whether you want to create the next Facebook, YouTube, Steemit, Skype or anything else you can think of.

The ProximaX Sirius development platform covers everything and can be used to develop simple or complex custom system solutions and applications, from independent applications to complete system solutions, the development on the ProximaX Sirius platform is simple, fast and cost effective.

The Sirius Chain is the backbone that holds the ProximaX project on its feet. It is a blockchain denoted by a token called the “service unit.” These units are smart contracts defined on the Sirius Chain, which is itself a fork of the highly successful NEM Chain, called Catapult.

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SIRIUS STORAGE AND SUPERCONTRACTS

Distributed file storage is the first of the basic services enabled by the ProximaX team in the Sirius chain. File storage is done through a distributed file management system (DFMS). The data is encrypted and divided into smaller units. It is stored in storage nodes as agreed by consensus throughout the Sirius chain.

SIRIUS STREAMING

This main service is offered through two methods:

Data is prerecorded on Sirius Storage to be streamed to viewers

Data is streamed live to viewers

SIRIUS DATABASE

The Sirius database is a private only service offer, not available for the public protocol. Applications that require a database can use the Sirius database to build hybrid architectures that can still access central public infrastructure services.

SIRIUS CONTENT REVIEW

This allows content managers to create review processes (based on consensus) throughout the protocol.

To incentivize the work done, ProximaX has based its tokenomy on the following criteria:

  1. Synergy and self-organization of the elements of the system.
  2. Adaptability to different system attack vectors.
  3. Increasing infrastructure to incorporate add-ons for additional basic services.

The ProximaX token ecosystem has two layers:

• Internal
• The Native Token (XPX): feeds the blockchain and pays for services.
• Service units: units of measure for services performed through the protocol.
• Custom tokens: created by users to create DApp markets (decentralized applications) throughout the network.
• External.
• End user payments: any payment method (crypto or fiat) can be integrated into any application compatible with ProximaX.

This is the tab that feeds the Chain of Sirius; The central spine and to use ProximaX services, users must pay with XPX.

SERVICE UNITS

XPXs are exchanged for service units through an automated internal exchange. These are consumed to process supercontracts.

Service units are used to:

• Allow the consumer to pay for services
• Reward nodes for running services
• Measure the ability of a node to run a service

The different types of service units are as follows:

• Storage units (OS): one unit represents 1 GB stored per month
• Transmission units (SM): one unit represents 1 GB of transmission between users
• Supercontract units (SC): A unit represents a supercontract code executed
• Review units (RW): one unit represents 1 XPX of paid content

The rates for the initial service unit (which are subject to change) are as follows:

• 1 SO = USD 0.004
• 1 SM = USD 0.02
• 1 SC = USD 0.000005
• 1 RW = USD 0.005

CUSTOM TOKENS: MOSAICS

ProximaX can be expanded indefinitely in several types of projects, as you can continue to add tokens within the infrastructure to represent whatever you need.

Mosaics can be customized with unique properties such as:
• Severability
• Duration
• Initial supply
• Mutability supply
• Transferability

The Automated Inner Exchange is built on top of the Sirius Chain to exchange the XPX with designated service units. Users can use the inner exchange economy to create new core service (such as a search engine) and their associated tokens.

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The objectives of ProximaX and, the Sirius chain are the following:

  1. Process transactions safely, quickly and efficiently.
  2. Promote the expansion and security of the network.
  3. Scale at the lowest possible cost of resources.
  4. Provide types of transactions that allow cryptocurrencies to become more than just payment systems.
  5. Create an agile architecture for the deployment of new central services and advanced applications.
  6. Run on as many devices as possible (mobile and IoT)

ProximaX has its own great and revolutionary new contribution to the technical infrastructure developments of the blockchain sector. PoG is an original and synergistic addition to the PoS system. It allows the system to scale, remain equitable and equal.

But the greatest strengths of ProximaX design are convergent application platforms. The large number of central services that rest on their own platforms are a testament to this; The common denominator of the Sirius chain is the ingenuity that makes the whole greater than the sum of its parts.

Proximax is the new future of the blockchain system by changing the technological paradigm by combining the benefits of the blockchain system and the development of applications with other technologies. It is an integrated and distributed ledger technology infrastructure development platform driven by blockchain technology that provides flexibility, ease of adoption and integration, security, speed and is cost effective.

Advantages:
Cost savings:combining the blockchain system with other distributed technologies tested outside the chain allows developers to easily create applications and solutions. This saves time in development and reduces the total cost of ownership.
Highly scalable: capable of handling large increases in users, workload and transactions. In addition to storing and transmitting large data in distributed layers while transactions are carried out quickly in the blockchain.
Highly configurable: Available in environments without permission and with permission. A public blockchain with robust consensus protocols and another private blockchain for business clients.
Highly secure: its distributed architecture makes cyber attacks virtually impossible.
Transparent: all stored data is encrypted and time stamped by default, thus guaranteeing complete security and an audit trail that is immutable and irreversible.
100% availability: the use of integrated and distributed ledger technology means that the business uptime is guaranteed.
Speed: point-to-point technology in distributed environment provides high data transaction performance.
Easy to use:Proximax Sirius APIs and SDKs are available in a wide range of programming languages, which facilitates integration with many applications.
Flexible: networks can be chained, even outside the ProximaX Sirius platform.

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ProximaX Additional Resources

ProximaX Website
ProximaX WhitePaper
ProximaX Use-Cases
ProximaX Suite
ProximaX KYC
ProximaX at a Glance
ProximaX Telegram
ProximaX Medium
ProximaX LinkedIn
ProximaX Facebook
ProximaX GitHub
ProximaX Twitter
ProximaX Instagram
ProximaX Reddit
ProximaX YouTube

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