What is ProximaX?
ProximaX is a next-generation Integrated and Distributed Ledger Technology (IaDLT) development platform powered by blockchain technology”. ProximaX Sirius also works in conjunction with blockchain technology, to achieve greater security in terms of how to incentivize the user, with the identification of the same and with the state management and exchange of assets, ProximX has managed to take the greatest possible advantage of that blockchain technology has a standardized framework allowing it to connect to other services.ProximaX Sirus platform solution technically provides all sets of development tools and service packages for developers that is unprecedentedly efficient and easier to handle. With these ideas, ProximaX desires to make a universal applicable and efficient system for building applications based on integration with blockchain, allowing them to experience unique decentralization benefits from inheritance.The innovative solutions of this ProximaX Sirius platform provide the advantages of a blockchain-based network and traditional centralized database and storage solutions. Take advantage of the inherent characteristics of blockchain while solving the enigma in blockchain ledger transactions, which provides flexibility, ease of adoption and integration, security, speed, profitability, all in a single spacious framework.
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Benefits of using ProximaX
Due to the breadth of this platform's capabilities, its composition is established in subcomponents (basic services) each with its own ecosystem, linked by the blockchain protocol.
Sirius Chain uses Stake Test ("PoS") and Greed Test ("PoG") as a consensus mechanism to create a fair reward system for its users.
PoS uses funds and time as parameters to validate blocks, that is, the more funds a node has and the longer this asset will be more likely to generate new blocks and receive rewards.
PoG is a mechanism used to limit the transaction fees that a node can charge, which allows users with smaller bets to have the same possibility of receiving rewards.
The backbone of ProximaX and what makes it an innovative, revolutionary and efficient platform is Sirius Chain, which being a fork of Catapult de Nem, has had a great improvement, reinforcing weak points and attacking those failures that could cause problems for the user, which has resulted in an efficient way to accommodate the demand load of extended central services and side chains in the network.
This consensus, unlike Proof of Work (PoW), is much more efficient from an economic point of view and with better performance, where through PoS the greater participation the user has, the greater the incentive or reward that they have.
ProximaX has designed a new process that decentralizes the block forging process, in another order of ideas, ProximaX has created this mechanism with the purpose of guaranteeing safety and reliability in the platform, avoiding and guaranteeing that no node can become too greedy, it is necessary that the user offers the maximum rate that he is willing to pay.
ProximaX works to offer solutions to problems quickly and profitably for a wide range of use cases, by creating a NEM platform powered by blockchain consisting of the following main protocols inside and outside the chain that generate a wide range of decentralized services with endless possibilities for developers.
High Security: ProximaX works on Distributed architecture this means to hack any data, all nodes have to be stimulated simultaneously which is impossible. This ensures ultra-security against hackers.
Flexibility: This feature of ProximaX allow user to build application that could works any other networks. The technology running behind this innovation is cross chain feature of Proximax Sirus.
Highly Configurable: ProximaX offers both choices of permissionless and permissioned environments. The permissionless means a public blockchain solution, while the permissioned environment stands for a private blockchain to service enterprise clients.
Cost effective: ProximaX distributed technology help developer to build their in and off blockchain projects easily without inquiring for in-depth knowledge related to blockchain functioning. This practically saves time, efforts and money.
This is called as "TCO".
Transparency and 100% availability: In ProximaX, Every single moment's information is stored encrypted manner which is irreversible and unchangeable. This feature is partially associated with blockchain and thus provide ultra security along with transparency at the same time.
Ultra Scalability: Proximax's Distributable architectural feature unable it to handle massive userbase data and Transactions while maintaining almost the same speed, transparency and other immutable features like security and so on.
Super Speed: Peer-to-peer technology in Distributable architecture is the probable reasons due to which ProximaX has such awesome speed!
Create almost anything!:
The ProximaX Sirius’ APIs and SDKs support broad range of programming language due to this one can create stuffs easily.
The language supported are:-
TSJS, Java, CSharp, Swift, Dart, CLI, Golang, CPP, PHP, Rust and Python.
Main Features of Sirius Chain
-Account
-Namespace
-Mosaics
-Metadata
-Multiple signature of multiple levels
-Transactions between chains
-Transactions added
solutions
In a pure or complete peer to peer model, there is no distinction between client and server and all indexing and location functions are carried out by the same clients. The main advantages of this model are its scalability and resistance to failures. Since each peer serves as both a client and a server, adding nodes to the network implies increasing the available computing and communications resources almost linearly. This motivates application developers to expand their creativity in building excellent P2P applications without fear of default or being vulnerable to attacks.
What can you build with Proximax
-Social media platform like Facebook, Instagram, Twitter and so on without infringement on the privacy.
-Streaming services like Netflix, Youtube
-Business services software and many others
-With the help of " PROXIMAX SIRIUS CHAIN" you can build your next Facebook, Skype, Amazon, Youtube. It is the ----backbone that holds the PROXIMAX, and it has all the tool that you will need. SIRIUS chain is a fork of NEM chain.
It has PoG (Proof of Greed) system, which will make sure that nodes do not get powerful by charging extreme price for each block.
Application development
Instead, you could use one system the ProximaX chain to build the entire project. It's streaming SDK can handle live training streaming video, its IPFS can handle course guides and how-to videos hosted on your site. Smart contracts will handle payment between students and tutors and share revenue with the platform and you could have a token you can use to reward users and accept payment instantly.
Let's suppose you want to build an application that allows students to apply for digital tutor programs and get training from experts from around the world. You could do this by using Wistia as your video platform, PayPal for payments a central database to host account data, Amazon web services to save all your files and this can quickly become costly and integration tedious.
Use Case
Some use cases include, but are not limited to, supply chain management, KYC, legal, compliance and notary solutions, identity privacy and security management, IoT data management, Enterprise Resource Planning (ERP), traceability, documentation and reporting systems, and workforce collaboration.
Implementation of the TOKEN ECOSYSTEM
-Internal:
native ProximaX token (XPX), feeds the blockchain and pays for services.
Service units: these are units of quantifiable measures for the provision of the platform.
Custom tokens: users can create them to boost the internal economy of decentralized applications across the network.
-External:
Payment of end consumers: any payment method compatible with ProximaX (crypto or Fiat) can be integrated.
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