Introduction :
In the current day World, we are experiencing huge development in blockchain technology. After the tremendous use of internet there is a difference in mindset in adapting to the decentralised network in the recent days. Blockchain technology is a notable development in the last 10 years . Blockchain Technology uses decentralized framework for network maintenance and in addition, uses blocks and chains to form a ledger.
The new landscape of decentralized ledger technology is getting more competitive due to its increase use of network. One such Sophisticated and robust feature is offered by ProximaX.
What is ProximaX?ProximaX is a platform and framework and user friendly application for service development. Instead of depending completely on blockchain technology, ProximaX offers a set of tools for developers to to build their own applications by utilizing the benefits of blockchain technology. ProximaX team is greatly working to make a convenient platform for universal application development.
What does Proximax Provide?With Proximax, users can create or build the following:
- Social Media Platforms (Like Facebook,instagram without disturbing your privacy)
- Streaming Services (Netflix, YouTube, etc)
- Business Services (Google Sheets,software tracking)
- And What not!
ProximaX Features:
Storage
- Distributed file storage is the most effective feature built by the ProximaX team on the Sirius Chain. File storage is done through distributed file management system. Data is is the form of encrypted units and they are split into smaller blocks. It is then distributed and stored in a specific storage node as agreed by consensus through the Sirius Chain.
SIRIUS STREAMING
This is the most entertaining feature of Proximax. Know about the process!
- Data is already recorded on Sirius Storage before it is streamed to viewers
- Not to forget,Data is being streamed live to all viewers
SIRIUS DATABASE
The Sirius Database is a completely private protocol, which is not available for the general public. Applications which has the requirement to build a database can use the Sirius Database to create its own architecture.
SIRIUS CONTENT REVIEW
Content review is the utility available to get review from content creators and content managers.They can create review processes (based on consensus) throughout the protocol. This is purely a public core service to benefit the public users.
The Token System:
There are two layers available in the proximax token system,Internal and External.Native tokens which are created by users to build their own apps comes under internal custom tokens. External denotes end user payments which can be linked to any kind of application supported by Proximax.
Use cases:
Use Case1:
Mr.John is a cryto currency trader.He is a businessman and most of his assets are obtained through crypto currency trading.He invests a huge amount in buying and selling cryptos. He is becoming a serious trader and looks to expand his business through trading. However he is not able to achieve this due to the unavailability of a safe,reliable and fast channel to keep his trading secure and fast.When John was greatly disappointed with the performance of the existing channels, he got introduced to Proximax. He got to know about the Distributed Ledger Technology technology in Proximax and was excited to use it instantly. From then on, Peter could not switch to any other network anything other than Proximax. He was extremely happy about the security and performance of the framework and was able to build his own application and to do N number of transactions within seconds in a secured way.Thus John achieved huge profits and was able to expand his business to the next level
Use Case2:
Mr Jack is a beginner in Cryto currency trading. He was facing many hindrances to build his own application and to learn the existing transaction channels, since most of them were too slow and complicated.Jack met one of his seniors and got to know about ProximaX. He started using it and he found ProximaX to be one of the easiest and fastest learning channels available for new beginners in cryto currency trading.He got greater confidence to do build more applications and to do more transactions since he knew ProximaX was safe and secured.Thus ProximaX serves as a fast learning channel to create more and more investors and traders in crypto currency business.
Conclusion:By using ProximaX, we guarantee that users will be benefited to use a highly secured framework to build their own applications instead of solely depending on the blockchain technology.Users will be greatly utilizing the framework to develop and create their own applications while also taking advantage of the inherent benefits of blockchain technology.
References:You can know more about ProximaX by referring the links below.
https://www.proximax.io/
https://bit.ly/2koqP5l
https://medium.com/@proximaxio
https://t.me/ProximaXio
https://twitter.com/ProximaXio
https://www.linkedin.com/company/proximaxio
https://www.instagram.com/proximaxio
To know more, you can refer my original blog created by me in the link below.
https://medium.com/@vandhana.writes/proximax-the-future-blockchain-protocal-e2a9c91e5ad4