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DxChain Token
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What is a DxChain (DX)?

DxChain is a blockchain network designed to facilitate big data processing and machine learning. The beta version of DxChain, launched in 2018, is to allow its users to securely share large datasets and potentially benefit from improved analytics based on this data.

The generation of DX tokens is based on the value and quality of the data that users send through the platform.

Due to the decentralized data storage, DxChain offers users a secure environment for conducting experiments and machine learning tests. Blockchain technology also provides increased computing power for machine learning and big data processing.

Who are the founders of DxChain?

Allan Zhang is one of the founders of DxChain. In 1999, he graduated from Southeastern University with a degree in Information Management. In 2013, Zhang created Trustlook AI Cybersecurity, where he still holds the position of CEO. Zhang also worked at Palo Alto Networks and TELUS Security Solution as a senior vulnerability research engineer.

James Lee is another co-founder of DxChain. Lee has held positions at Lucent Technologies and nCircle Network Security. In 2013, he joined Allan Zhang in his Trustlook AI Cybersecurity project, and in 2018 they started working on DxChain.

What makes DxChain unique?

DxChain is a blockchain platform that allows data specialists to store and exchange large amounts of confidential data. Thanks to the inherent security and fraud prevention of the blockchain, DxChain is one of the most secure interfaces that data specialists can use to work with data sets, send and receive them.

Designed as a data trading platform, DxChain allows users to share sensitive data sets without worrying about them being leaked or distributed without their consent. Moreover, the computational bandwidth that DxChain offers makes it easier for data processing specialists to work with the data sets that they acquire through the platform. In this sense, the DxChain platform is a universal data analysis tool that allows users to get large data sets and manipulate them.

Finally, the founding team took care of the complete decentralization of the process so that a third party could not access the data shared on the DxChain platform.

How many DxChain (DX) tokens are in circulation?

The total number of DX tokens in circulation is 50,000,000,000, and the maximum number of tokens as of June 2021 has not been announced.

Of the total number of tokens, more than 25% was allocated for the sale of tokens. This sale included bonuses for outstanding investors. Another 3.85% of DX tokens were allocated for the first stage of the marketing campaign, and another 1.25% of tokens were distributed at the bonus marketing stage.

About 6.25% of the total number of tokens was reserved for the main use, while team members received a reward in the amount of 5% of all DX tokens. About 43% of all minted tokens were available in circulation.

The current value of the DX token is 0.000648 USD, with a 24-hour trading turnover of 82,141 USD, and a market capitalization of 32,400,000 USD.

How is the DxChain network protected?

DxChain uses several different levels of consistent compatibility. Thanks to the "chain-in-chain" architecture, the platform relies on the "proof of space-time" (PoSt) consensus mechanism to ensure the security of data storage. On the other hand, the platform also uses provable Data Ownership (PDP) so that users can transfer data from unsecured servers to the DxChain network.

Unlike the traditionally popular consensus mechanisms such as Proof-of-Work (PoW) and Proof-of-Stake (PoS), DxChain relies on the diversification of its security and the PoSt consensus mechanism to provide cloud computing capabilities. PoSt verifies blocks, ensuring that users still store the claimed data in the block chain. This consensus mechanism also allows users to make sure that they have used the storage space in the blockchain for a long period of time.

Summary

  • To own your crypto assets, you need to manage your own private keys.
  • Ledger hardware wallets make private key management easy and secure.
  • Each unique 24-word recovery phrase creates a new set of private keys.
  • Make sure you secure your 24-word recovery phrase properly.
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