GXChain

GXChain is a permissionless blockchain, which dramatically supports all kinds of app development. Comparing to other public chains, GXChain supports not only smart contract, blockchain as a service (BaaS) but also provides many unique services, including ID verification, multi-dimensional data, KYC, and swift login. GXChain currently offers 100,000 TPS, which can accommodate most business applications. GXChain also supports new assets issuance.
Share:
Price
Basic
Smart Contract Support:
Yes
Consensus Mechanism:
Proof of credit share
GXChain101

What is GXChain?

GXChain is a permissionless blockchain, which dramatically supports all kinds of app development. Comparing to other public chains, GXChain supports not only smart contract, blockchain as a service (BaaS) but also provides many unique services, including ID verification, multi-dimensional data, KYC, and swift login. GXChain currently offers 100,000 TPS, which can accommodate most business applications. GXChain also supports new assets issuance.

How does GXChain work?

GXChain is a public blockchain for data exchange. GXChain is the foundation of the data exchange, supporting the exchange of data in a million times per second. Besides, GXChain also supports app development. Apps developed on GXChain will be greatly supported by bigdata among various fields, which set GXChain apart from other public blockchains. Apps developed on GXChain would be real life oriented.

GXChain currently has 100,000 TPS, which can support most business applications, and it also supports issuing new assets.

GXChain employs delegate proof of stake (DPoS) for record tracking on the blockchain and proof of credit share (PoCS) for data exchange consensus.

DPoS is an alternative consensus system that requires coin holders to vote for “delegates”, who are then in charge of authenticating transactions and managing the blockchain. Stakeholders can also designate witnesses, which are responsible and rewarded for generating new blocks.

PoCS is a consensus algorithm designed by the GXB team to be a solution to the discrepancy of data exchange between big companies and small companies. Each PoCS score of alliance members will be calculated when the data exchange is complete. This means that the PoCS score is based on transaction regularity, and the score will be allocated to the transaction fee. Members with lower PoCS score will be require to pay more transaction fee for the data, while members with the higher score will pay less.

On GXChain, users can earn digital assets through authorizing their data. This mechanism encourage users to authorize their information broadly and continually. One can receive more assets as more kinds of data are authorized.

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