PDX Siberia Blockchain

amperi (32)in #pdxcoin • 2 years ago

Introduction

The PDX coin is a digital currency also referred to as PDX, its three letter symbol. It is used to bridge the gap between business people and financial infrastructures. PDX project intends to develop an app that will make the conversion of crypto to fiat easy for merchants to adopt in their businesses including allowing the The smart contract of PDX was launched August 6, 2019 on Ethereum's blockchain network as a token of ERC-20. On 16th June, 2021, the smart contract was taken to Eth mainnet after its upgrading and it exceeded the initial version.

Siberia Blockchain

Although PDX was developed on Ethereum blockchain to be an ERC-20 token, it was discovered that for long term use, the network will be unable to meet the needs, and demands of the project, suit the goal of PDX and take the token holders best interest at heart when areas like transaction cost, volume, and speed, user-friendliness, including easy to operate features are examined.

Based on the above reasons, PDX is developing their decentralized financial blockchain network which will be known as Siberia. This recent personalized blockchain will operate the PDX and be administrated as an independent and entirely decentralized blockchain. Around late-2023, the goal of PDX is to be done with Siberia's development including testings for release into the globe. When this time is come, PDX will then migrate from the ETH blockchain to the newly developed Siberia which suits its operations and mission. The impact of this transfer will result in a greatly upgraded transfer process and rapid transaction rate at little to zero cost with no use of a third-party or middleman medium to authorize a transaction as with Ethereum blockchain network.

The Siberia blockchain network is getting developed majorly with the purpose of banking infrastructure and payment methods but, other apps will also be accommodated in the blockchain. Smart contracts will be the basis of Siberia blockchain which will also be open-source, encouraging third-parties projects and innovators to launch and make developments on the technology. This blockchain will be come a multiple chain,multiple layered including protocol to enable several apps as well as transactions be carried out at the same time with the important interoperability feature between various blockchains. Siberia blockchain network will have a PoS consensus technique (Proof-of-Stake) hence, every PDX token holder for Siberia local coin can make decisions since their opinion matter. The integration of Siberia into many systems such as gaming, decentralized finance, entertaining development and banking services is made easy to accomplish goals. The local currency of Siberia system is tradeable and to be listed upon the project's launch.

Conclusion

PDX is a worthy project for one to join hands with. The development of Siberia was put in place of Ethereum to enable merchants and other Individuals make use of cryptocurrency. This shows that the platform puts their users first by providing and easy and no cost platform to serve its purpose and be used henceforth for daily transactions with ease. PDX has an open financial system which will aid commerce and trades globally.