A Decentralized Big Data and Machine Learning Network Powered by a Computing-Centric Blockchain.
The entire system is designed as a platform to provide big data and machine learning related computational services with the support of decentralized data storage. Database queries and business intelligence tasks can be performed, for data that couldn’t be owned by a commercial entity, but can be traded and stored in DxChain.
DxChain provides two fundamental capacities: computation and storage, and serves as a data trading platform for users who want to sell their data. The team believe that to fully realize the Internet of Value, they must bring big data onto the blockchain… saying that, the industry has yet to see a single satisfactory solution to provide a decentralized parallel computing environment supporting big data and machine learning.
They want to ensure that large amounts of data are not monopolized by big corporations, and allow users to exchange data freely within the ecosystem / platform.
DxChain has completed the initial design research and released the white paper. It is currently working on the minimum viable product network launch. Additionally the team managed to secure a broad base of institutional investors. The launch of the main network for the main chain and the two side chains is planned for the fourth quarter of 2019.
The native DxChain protocol token is called DX. The token will initially be issued as an Ethereum ERC-20 token and once DxChain blockchain launched, converted into the native token. The DX token is an utility token that will be used as the unit of exchange on the DxChain Network. The token is required to purchase services such as computational and storage resources on the DxChain Network. The market capitalization of the token will increase with the usage of the DxChain Network.
The DxChain Network offers two resources: computation and storage. For this reason the DxChain Network will come with two side chains. The Data Side Chain (DSC) will store all non-assets information. The Computing Side Chain (CSC) is designed to solve real world business problems. A master chain is responsible for managing the overall transaction and communicating with the two side chains through smart contracts. Each side chains uses a different consensus mechanism. The DSC uses Proof of Spacetime (PoSt) while the CSC uses Provable Data Computation (PDC).
The computation engine of the DxChain Network will be Hadoop. Apache Hadoop is an open source software that enables to use a network of many computers to solve computational problems.
DxChain wants to empower users to trade their own data, which then can be used by a third party to derive meaningful conclusions with machine learning and big data.
The team is currently comprised of 12 people.
The DxChain team managed to form a strong base of institutional investors. More than 20 funds have provided funding for the project. This will be helpful when it comes to establish credibility in the public token sale. The high number of investors is also a validation of the concept elaborated by DxChain in their white paper
Node Capital, PreAngel, Fenbushi Digital, BlockVC, , Signum Capital, JRR Crypto, Fission Capital, and more
DxChain is an interesting and highly specialized blockchain platform. The challenge for a successful ICO and later on market penetration will be to signal the novelty of the approach and the unique design features that differentiate them from other projects with a similar focus. The solid institutional investor base points towards a strong ICO performance in the short run.
The project is “Recommended” due to following reasons
Further Information about the ICO can be obtained from the following given links;
To participate in ICO:: https://t.me/DxChainBot?start=g06de8-g06de8
Website: https://www.dxchain.com
News: https://www.dxchain.com/news
Whitepaper: https://docsend.com/view/8w3fman
Blog: https://medium.com/dxchainnetwork
Telegram: https://t.me/dxchain
Telegram: https://t.me/dxchainchannel
Twitter: https://twitter.com/DxChainNetwork
Facebook: https://www.facebook.com/DxChain-179719632741800
YouTube: https://www.youtube.com/channel/UCNIWZiYjMKVjF1LIY9uIslg
