A VERY PROMISING PROJECT HAVE BEEN STARTED BY DXCHAIN TEAM. Let's KNOW ABOUT THE PROJECT IN DEPTH.
. WHAT IS DXCHAIN?
Dxchain aims to design and develop a decentralised parallel-computing environment that supports Big Data and
Machine learning as well as data storage, data exchange and big data computation for the data.
Dxchain is powered by a computing centric blockchain with a native protocol token (called as "Dx"). its end users can
potentially use this network as a data exchange platform to trade data and as a business intelligence analytics
platform to analyse data for supporting business insights.
Unlike Bitcoin and Ethereum, where the incentive is driving miners to sustain the huge amount of computation needed to maintain the blockchain consensus, the Dxchain network provides miners incentive based on the usefulness of the work that they passively provide: Storage and Computation. As Dxchain storage platform is designed through using the principle of decentralisation, the protocol has a mechanism to control the reliability of the file access. In garnering the benefits of P2P Network and Hadoop HDFS File Systems, the robustness and accessibility are intended to be ensured.
Dxchain network will incorporate Hadoop into its system as it is an industry-proven big data platform. Dxchain network is designed to assign several roles to manage and schedule jobs in the system which achieves the computation goal in a centralised parallel computing system . built on Top of the Dxchain network, a collection of tools would be developed to speed up the computation and analysis process.
." DXCHAIN NETWORK DESIGN PRINCIPLE AND ARCHITECTURE" .
The Architecture of Dxchain Network is adapted from the IPFS[11], Hadoop HDFS[22], GFS[31], FILECOIN[12],
IOTA[15], IOTeX[23], Plasma[21], TRUEBIT[20], MORPHEO[26] AND GOLEM[9].
The entire system is designed based on the principle of incentivisation, which means that miners can maximise
the utilisation of unused storage resources and facilitate decentralised big data computations with lower costs
and much conveniences.
to achieve this complex project, the Dxchian team is designing a specific chains-on-chain structure-which
manages the master chain, storage chain and computation chain, to reach the consensus and to provide the
incentive mechanism in a Byzanite Environment.
. " BLOCKCHAIN ARCHITECTURE' .
As it is very difficult for the POW Consensus mechanism to be adapted to new demands and accommodate new
innovation, in order to keep the benefits of the blockchain, as well as make the chain light, fast and extendable the
Dxchain team proposes a new design with two layers of blockchains-chains-on-chain: master blockchain and side
blockchains .the new system can more easily incorporate across chains of assets, data and messages. Besides,the
side chains only carry the data storage and computing tasks, so technical innovation is not hindered.
. " STORAGE AND DATA MODEL"
For storage proof of space time (POST)[24] is a good choice and will be used to validate the provision of storage.
DSC is designed to manage the storage tasks and the DSC will also be connected to the master chain to obtain incentives for the storage miner as well as CSC for storing comutation states.
. " USAGE OF TOKEN"
The native digital cryptographically-secured utility token of the Dxchain Network( DX) is a major component of the ecosystem on the Dxchain Network and is designed to be used solely as the primary token on the network. DX will initially be issued by the distributor as ERC-20 standard compliant digital tokens on the ethereum blockchain and these will be migrated to native blockchain when the same is eventualyy launched.
. " COMPUTING MACHINE "
The key of Dxchain network is to provide decentralised computation environment. In a Byzantine environment,one has to have a validation mechanism to verify the correctness of the computationin order to outsource computation and to outsource against the adversaries who asks for incentives without executing the tasks.
verification game provides a framework to validate the correctness of the computation procedure and provable data Computation (PDC) Provides a statistical scheme to find a corrected answer from a set of untrusted nodes with a small probability of being attacked.
verification game and PDC use two different philosophies to design the validation process;Dxchain Network uses both of them in the system for the different types of computation.
SO,ITS A MUST JOIN ICO FOR US ALL.
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Dxchain's website- https://www.dxchain.com/