Big data, machine learning, spacetime! Now normally if you read those words, you would think you are watching some James Cameron Sci-Fi movie set in the year 2077; but what if I told you those aren’t just buzzwords, but an actual project that is well within reach?
Now monolithic corporations such as Google, Facebook, Microsoft are fuelled and powered by their vast collection and utilisation of big user data. With the scandals over privacy concerns and third-party selling of this data, now more than ever have we needed more control over our own personal data.
This is where DxChain comes in, aiming to tackle the issues of data ownership, privacy and security while simultaneously providing a platform to utilise Business Intelligence (BI) and machine learning computations and applications to further transform and utilise vast amounts of data.
How does DxChain do this? Apart from their secret magicians, they utilise concepts such as Chains-on-chain to categorise these computations, storage and overall processing of the data.
Chains-on-Chain?
Although that may sound like a new musical album from the rapper 2 Chainz, the concept of Chains-on-Chain is employed in DxChain by provisioning a master chain alongside two side chains.
Master Chain — This chain stores mostly information relating to the asset; as well as events such as states, transactions executed, receipts and contracts. In order to provide the highest assurance of security and stability, this chain utilizes Proof-of-Work (POW) as its consensus protocol.
Data Side Chain (DSC) — This chain stores mostly the non-asset and metadata; providing the basic information relating to the main data and aides in ascertaining the method of storage retrieval. This is built upon a peer-to-peer (P2P) file storage system.
Computation Side Chain (CSC) — This chain stores mostly computing tasks that will later be processed on the overall DxChain Virtual Machine (DVM).
In It For the Technology?
We all know how much technology is important and how the advent of cryptocurrency related projects will redefine our day to day…… errr you get it; we are “in it for the technology” am I right?
Here’s more about the technology:
-Verification Game
-Provable Data Computation (PDC)
-Proof of Spacetime (PoSt)
-Provable Data Possession (PDP)
-Data Model Enables Privacy Preserving
Woah woah, lots of technology? I can go in-depth and explain each feature, but here’s what you’ve really been waiting for, the “technology”
Hard Cap: $21.5 Million — this is necessary in order to provide adequate funding for the long-term development, marketing and partnership needed for the project.
Initially distributed as an ERC20 token with the DX ticker.
Private sale had an allocation of $17.5 million while the public sale will have $4 million reserved.
But don’t worry, the private sale will be fully locked up (not just bonus) and will release:
25% before exchange listing
25% after 3 months of exchange listing
25% after 6 months …
25% after 9 months …
25% after 12 months …
So if you are hodler, don’t worry, FUNDS ARE SAFU, you won’t get massively dumped on (like all the other “100x” projects shilled out there).
Feeling convinced? Come say hi and join the revolution: