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.
With the emergence of blockchain technology, several decentralized solutions based on this technology have been proposed that provide security, immutability and obviously pose an anti-fall scheme by not having a central point of attack. However, this technology is not perfect.
ProximaX combines blockchain, storage, streaming and an advanced consensus algorithm to enable a rich, all-in-one platform for broader cross-industry application and decentralized app development.
ProximaX Sirius platform is all-encompassing, and can be used to power a diverse range of use cases ranging from simple standalone applications to complex systems solutions, according to the needs of the user.
The fully decentralized configuration of the ProximaX Sirius platform integrates with peer-to-peer ("P2P") off-chain components such as content delivery networks ("CDN") and other Sirius offerings.
Benefits of ProximaX
Token functions; on most platforms, the sole function of cryptocurrencies is for payment systems but on ProximaX platform, tokens can be used not only for payment but to *"power the internal economy of a decentralized application such as custom tokens (mosaics)."
Incentive System; the incentive system of ProximaX encourages users to use the platform on a regular basis in order to build up their reputation which automatically increases the rate of incentive allocated as per their reputation and also enable users to work together to reach an optimum outcome for the entire network.
Transaction process; Transactions carried out on ProximaX are secured using encryption techniques provided by the blockchain, with the inclusion of a Quick and efficient transactions process on ProximaX platform at a rate of more than a thousand per minute.
Staggering Cost Savings: The powerful combination of both blockchain with other proven off-chain distributed technologies enables developers to easily create applications and system solutions without in-depth knowledge of blockchain. As a result, this saves development time and reduces the total cost of ownership ("TCO").
Highly Configurable: Available in both permissionless and permissioned environments. The permissionless offering is deployed as a public blockchain solution, governed by a robust set of consensus protocols while the permissioned environment is a private blockchain to service enterprise clients.
Highly Secure: Distributed architecture makes cyberattacks practically impossible, as it would require all nodes containing a piece of data to be simultaneously compromised. This contrasts greatly with centralised architectures where mass data leaks have become commonplace.
100% Availability: The use of Integrated and Distributed Ledger Technology ("IaDLT") means that business uptime is guaranteed.
Speed: Peer-to-peer technology in a distributed environment provides high data transaction throughput.
Easy-to-Use: The ProximaX Sirius’ APIs and SDKs are available in a broad range of programming languages making it easy to integrate with a wide range of applications.
Flexible: Networks can be cross-chained, even outside the ProximaX Sirius platform, for example with the bitcoin network.
Lon Wong, the Founder & CEO of Proximax
PROXIMAX Technology and Its Core Services
blockchain is a complex technology that requires extensive understanding of its nature before usage. It offers a range of services such as security which is a paramount feature for a backbone technology as well as its trustless features and decentralized form of operation. A project built on the blockchain technology is secure by an end-to-end encryption and keeps information that are personal safe such as password and other algorithms which makes web services secure and ensures the security of the project.
Storage
The storage layer of ProximaX Sirius provides total security at the time of making an application, since it contains a storage system to distribute all files, as well as protects by encrypting and dividing the data into smaller units.
Supercontracts
Traditional smart contracts are immutable in nature means if there is a bug in the code then it is too difficult to rectify it because the debugging process is long and difficult but in Proximax Supercontrects, the executable code is stored in Sirius Storage which are also responsible for execution of contract so the debugging process is simple and less time consuming.
Consensus
ProximaX implements a multi-layer consensus protocol that allows voting, governance, node collection and also rewards nodes creators for contributing to network storage and bandwidth. It is worth mentioning that the reward will also cover developers and content creators and everyone will be rewarded in XPX tokens.
Sirius Database
Sirius Database is a document based storage which can be used to store data by any project. Any application which required storage as a part of their solution, they can use this solution.
Token ecosystem
The external economy can interact with the internal economy for various purposes such as using storage unit requires SO unit, using streaming requires SM unit, etc. But it is essential to have the external economy to bridge upon with internal economy. For that “automated inner exchange” facilitates the interoperability between the external economy and internal economy. So not only the dApps can accept any payment method they want to from their consumer base, but also they can have it converted into XPX and subsequently from XPX to other service units such as SO, SM, etc.
