GXChain

GXChain

GXC
$0.38928011%-1.53

Key Metrics

Price$0.38928011
Real Volume (24H)$0
Marketcap$29,196,008.29
Fully Diluted ValuationN/A
ATH$10.61
ATH Date1/13/2018, 3:00:00 AM
ATL$0.189778
ATL Date3/13/2020, 5:24:02 AM
Circulating Supply75M
Total Supply100M
WebsiteN/A
WhitepaperN/A
Popularity Rank852
Chart
What is GXChain?

GXChain is a blockchain platform that aims to build a trusted data internet of value for the global data economy. The platform is designed to provide a solution for data economy by developing multiple data modules, allowing for data uploading, storage, computation, and exchange to be realized with commercialized applications. GXChain utilizes a DPoS based Graphene underlying architecture, which allows it to possess functions including G-ID, GVM, BaaS, and Blockcity, making it convenient for application development.

One of the key features of GXChain is its DApp-Blockcity, which has reportedly more than two million verified users and provides data for other DApps and strategic partners. Additionally, GXChain has launched a decentralized data marketplace and serves hundreds of Chinese enterprises. The GXChain team independently developed its main net and launched it in June 2017.

Recent progress on the platform includes continuous iteration of the main chain, with the launch of the staking mechanism and updates to the voting mechanism from one-vote multi-vote to one-token one-vote, making each vote of the public chain governance more valuable. GXChain also has a Trust Node ecosystem, where Trust Node election has attracted public Trust Nodes such as Huobi Pool, Binance Pool, NodeEasy, and South Korea's investment company Hillstone.

GXChain staking allows for one token one vote, where an account can vote for no more than three candidate nodes, but each GXC is considered as one vote and can only vote for one node. GXC participating in the voting of public trust nodes will be pledged in their own wallets, and if the assets are transferred out, they will be deemed to be withdrawn. The top 21 nodes with accumulated ticket weights will be automatically elected as public trust nodes.

To participate in GXChain staking, users can vote at public trust nodes through the voting channel of BlockCity using GXC in the BlockCity Wallet. Additionally, GXC in GXChain mobile wallet and PC wallet can vote for trust nodes, and if the user's GXC is in an exchange wallet and the exchange supports GXChain's public trust node voting, that method can also be used to vote.

In addition to the features and functions already mentioned, GXChain also offers a number of other advantages for businesses and individuals looking to participate in the data economy.

One of the key benefits of GXChain is its ability to provide a high level of security and privacy for data storage and exchange. The platform uses advanced cryptography techniques to protect data and ensure that it can only be accessed by authorized parties. This is particularly important for businesses that need to store sensitive information, such as personal data or financial transactions.

Another benefit of GXChain is its scalability. The platform is designed to handle a large number of transactions and data storage without experiencing any slowdowns or downtime. This is important for businesses that need to handle a high volume of data on a daily basis. Additionally, GXChain provides a decentralized solution, which means there is no single point of failure, making the platform more resilient to attack or failure.

Finally, GXChain is designed to be easy to use and integrate with existing systems. The platform provides a variety of application programming interfaces (APIs) and developer tools that allow businesses to easily connect to the GXChain network and build their own applications. This makes it easy for businesses to start using GXChain and take advantage of the benefits it offers.

In summary, GXChain is a blockchain platform that aims to build a trusted data internet of value for the global data economy. It offers a wide range of features, including G-ID, GVM, BaaS, and Blockcity, which makes it convenient for application development. GXChain also provides a high level of security and privacy for data storage and exchange, scalability, decentralized solution and easy to use, which makes it an attractive option for businesses looking to participate in the data economy.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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