Data storage and exchange has always been a headache for small and large organizations and one major use case of GXChain (GXS) is to bridge the gap and bring down the cost in a secure and transparent environment. This is the first decentralized exchange based on a public blockchain.
The good thing about the platform is it doubles up as a privacy platform that does not cache user information and personal data. Instead, it protects user data copyright to ensure zero counterfeiting whilst enhancing anonymous exchange. This is an ideal platform for institutions and governments big data exchange solutions.
GXChain (GXS) Real World Use Cases
GXChain real world use cases are unlimited; it has been proven to work well with network loan providers, auto financing and personal loans for those who are bank dependent. It is also set to revolutionize information and data exchanges in healthcare, insurance and supply chain management.
The beauty of GXChain is that it does use BaaS or smart contracts on top of various modes of identification verification, Know Your Customer (KYC) and multi level swift logins. It is designed to support various business Apps and a haven for developers seeking a user friendly dApp platform.
GXS price is dependent on the market rate of adoption and when data becomes tradable on the platform a price surge is evident. The recent partnership with Prophet Prediction outfit has shown how easily the price can surge within hours. However, the platform scalability and transaction speeds of 6million transactions per minute makes the ecosystem stands out from the crowd.
GXChain (GXS) Popularity and Steady Growth
Secure and anonymous data exchange demand continues to grow and GXChain comes at a time when hackers are upping their games and attacks on convections data silos are on the rise. With a peer-to-peer data exchange that rides on the immutable blockchain technology, data loss, manipulation and hacks is set become a problem of the past.
Already, GXChain has attracted Prophet, one of the largest blockchain based prediction platform in the world. Prophet is a distributed prediction outfit with over 420,000 users and this will translate into increased GXS usage to grow its global reach and add value and gain price traction.
The prediction market is yearning for service provider to enable it make accurate predictions in various sectors including events, prices and outcomes and return earn from it. Prophet users publish their predictions on the application and they are rewarded with tokens. The goal of the system is to become the leading social mobile prediction interface globally and this will be a major boost for GXChain native token GXS.
GXChain (GXS) Prophet Partnership
Just hours after GXChain and prophet inked a partnership deal; the future of the GXS coin appears to be taking shape in the competitive digital asset market. The GXS price has gained by 6.87% against the dollar to trade at $3.24 and an impressive gain to BTC of 8.14%. The stellar performance come at a time when most of the top 100 coins by market cap are trading in the red zone.
GXChain (GXS) is ranked 60 by market cap that stands at $191.89million and has seen $11.75million worth of GXS coins change hands in the last 24 hour trading session. This has seen 85.04% of the total volumes pass through the OEX exchange with the most popular pair being GXS/CNY followed by GXS/USDT and GXS/BTC.
By Cami Albert
Crypto Globalist